Market Overview:
The global medical sponges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising demand for minimally invasive surgeries, and technological advancements in surgical procedures. Based on type, the global medical sponges market is segmented into large size and small size. The large size segment is expected to account for a larger share of the market than the small size segment during the forecast period. This can be attributed to their wide usage in hospitals and clinics across regions. Based on application, the global medical sponges market is divided into hospitals, clinics, and others (including research institutes and academic institutions). The hospitals segment accounted for a larger share of the global medical sponges market in 2017 owing to an increase in number of hospital admissions globally coupled with rising demand for minimally invasive surgeries.
Product Definition:
Medical sponges are used to clean and soak up blood or other fluids during a medical procedure. They can also be used to pack a wound.
Large Size:
Large size medical sponges are also known as heavy-duty or high-density sponges. They are used for absorbing blood, plasma, and other body fluids in various surgeries. It is a type of surgical drape that is saturated with liquid and then placed over the wound site to help keep it clean and dry while it heals. The large size medical sponge can be used for both absorbable and non-absorbable dressings depending on the situation during surgery.
Small Size:
Small size is the most important factor in the medical sponges market. Small size of a sponge can be compared to a filter, which allows only specific particles to pass through it while keeping everything else out. The small-sized sponges are used for absorbing various liquids and gases that come in contact with body tissues or fluids. Medical sponges are used for absorbing blood from accident and surgical sites, as well as cleaning wounds internally.
Application Insights:
Based on the application, the global medical sponges market is segmented into hospitals, clinics and other healthcare facilities. Hospitals held the largest share of over 70.0% in 2017 owing to high usage of medical sponges in surgeries and treatments. Furthermore, rising investments by governments for developing advanced healthcare infrastructure will further boost product demand in hospitals during future years.
The others segment includes home care settings, pharmacies and diagnostic laboratories where medical sponges are used for various applications such as sterilization cleaning or disinfection against bacteria or viruses that may be present on surfaces or objects which come into contact with patient¢â‚¬â„¢s body fluids or tissues (1). Growing awareness regarding hygiene among consumers is expected to promote the use of disposable products at homecare settings which will eventually drive growth over next few years (2).
Regional Analysis:
North America dominated the global market in 2017. The presence of advanced healthcare infrastructure and high demand for minimally invasive surgeries are some of the major factors driving regional growth. Moreover, increasing R&D investments by pharmaceutical companies to develop new products is also expected to have a positive impact on industry growth over the forecast period.
Asia Pacific is expected to witness lucrative CAGR during the forecast period owing to rising medical tourism and improving healthcare infrastructure in emerging countries such as India, China, Thailand, Malaysia and Indonesia. Furthermore, growing awareness regarding blood donation coupled with an increase in sports injuries will also boost product demand during the projected timeframe.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical sponges market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays as compared to traditional open surgery procedures. This is driving the adoption of medical sponges globally.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, heart disease, and diabetes is rising rapidly, which is leading to an increase in the number of surgical procedures being performed each year. This is fueling the growth of the medical sponges market worldwide.
- Technological advancements: The medical sponge industry has witnessed several technological advancements in recent years that have led to improved product performance and efficiency. These advancements are helping manufacturers expand their product portfolios and cater to a wider customer base globally .This is propelling growth in th emedical sponge market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Sponges Market Research Report
By Type
Large Size, Small Size
By Application
Hospitals, Clinics, Others
By Companies
Medline, Dukal Corporation, Dynarex Corporation, B Braun, Amd-Ritmed, McKesson, Boston Medical, Medtronic, Smiths Medical, Medline
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Medical Sponges Market Report Segments:
The global Medical Sponges market is segmented on the basis of:
Types
Large Size, Small Size
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medline
- Dukal Corporation
- Dynarex Corporation
- B Braun
- Amd-Ritmed
- McKesson
- Boston Medical
- Medtronic
- Smiths Medical
- Medline
Highlights of The Medical Sponges Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Large Size
- Small Size
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Sponges Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical sponges are a type of absorbent material that is used to clean wounds and other areas of the body. They are made from a variety of materials, including cotton, rayon, or polyester. Medical sponges are often square or rectangular in shape and have a soft texture.
Some of the key players operating in the medical sponges market are Medline, Dukal Corporation, Dynarex Corporation, B Braun, Amd-Ritmed, McKesson, Boston Medical, Medtronic, Smiths Medical, Medline.
The medical sponges market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Sponges Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Sponges Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Sponges Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Sponges Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Sponges Market Size & Forecast, 2018-2028
4.5.1 Medical Sponges Market Size and Y-o-Y Growth
4.5.2 Medical Sponges Market Absolute $ Opportunity
Chapter 5 Global Medical Sponges Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Sponges Market Size Forecast by Type
5.2.1 Large Size
5.2.2 Small Size
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Sponges Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Sponges Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Sponges Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Sponges Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Sponges Analysis and Forecast
9.1 Introduction
9.2 North America Medical Sponges Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Sponges Market Size Forecast by Type
9.6.1 Large Size
9.6.2 Small Size
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Sponges Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Sponges Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Sponges Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Sponges Market Size Forecast by Type
10.6.1 Large Size
10.6.2 Small Size
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Sponges Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Sponges Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Sponges Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Sponges Market Size Forecast by Type
11.6.1 Large Size
11.6.2 Small Size
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Sponges Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Sponges Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Sponges Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Sponges Market Size Forecast by Type
12.6.1 Large Size
12.6.2 Small Size
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Sponges Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Sponges Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Sponges Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Sponges Market Size Forecast by Type
13.6.1 Large Size
13.6.2 Small Size
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Sponges Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Sponges Market: Competitive Dashboard
14.2 Global Medical Sponges Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medline
14.3.2 Dukal Corporation
14.3.3 Dynarex Corporation
14.3.4 B Braun
14.3.5 Amd-Ritmed
14.3.6 McKesson
14.3.7 Boston Medical
14.3.8 Medtronic
14.3.9 Smiths Medical
14.3.10 Medline
