Market Overview:
The global sponge management systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for minimally invasive surgeries and rising awareness about hygiene and infection control. In addition, the growing number of hospitals, clinics, and ambulatory surgical centers are also contributing to the growth of this market. Based on type, the global sponge management systems market is segmented into radio-frequency identification (RFID) and bar codes-count. The RFID segment is expected to grow at a higher CAGR than bar codes-count during the forecast period owing to its advantages such as real-time tracking of sponges and reduced chances of human error. Based on application, the global sponge management systems market is segmented into hospitals, clinics, ambulatory surgical centers (ASCs), and others (including research institutes). Hospitals accounted for majority share in 2017 owing to increasing number of surgeries performed in these settings worldwide.
Product Definition:
Sponge management systems are a type of water filtration system that use sponges to filter water. They are important because they can remove particles from the water and help improve the quality of the water.
Radio-Frequency Identification:
Radio-frequency identification (RFID) is an electromagnetic technology that enables the tracking and detection of objects using radio waves. It involves the transmission and reception of RF signals which are reflected by the object to be tracked. The reflected signal is analyzed to determine location, shape, size and other physical attributes of the targeted object.
Bar Codes-Count:
The global bar codes-count and it's usage in sponge management systems market size was valued at USD 1.5 billion in 2015. The increasing use of barcodes for inventory control is expected to drive the industry growth over the forecast period. In addition, rising demand for efficient inventory management techniques is anticipated to boost the product demand further.
North America Bar Codes-Count.
Application Insights:
The hospital segment dominated the global sponge management systems market in 2017 and is expected to maintain its lead over the forecast period. The hospitals are adopting various initiatives such as electronic health records (EHRs) for tracking patient information, which helps in reducing medical waste generation. Moreover, an increasing number of hospitals across the globe are focusing on improving their operational efficiency by implementing automated systems that help with process optimization and reduction of human efforts. These factors are anticipated to drive industry growth over the forecast period.
The ambulatory surgical centers (ASCs) segment is expected to register a significant CAGR during the study period owing to rising demand for minimally invasive procedures that require sterile equipment and instruments at reasonable costs.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the increasing demand for efficient healthcare services, rising R&D investments by pharmaceutical and medical device companies, and high adoption of Sponge systems in ambulatory surgical centers. In addition, favorable reimbursement policies are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure coupled with growing patient awareness levels regarding advanced treatment options offered by hospitals & clinics using Sponge systems. Moreover, an increase in chronic diseases leading to a rise in hospital visits is further expected fuel regional product demand during the forecast period (2018-2030). For instance, according to data published on WebMD LLC.
Growth Factors:
- Increasing demand for sponge management systems in the food and beverage industry to improve hygiene and reduce contamination risks.
- Growing popularity of sponge management systems among small-scale businesses due to their low cost and easy installation.
- Rising awareness about the benefits of sponge management systems among consumers, which is expected to drive its adoption in households as well.
- Increasing demand for sustainable cleaning solutions across industries, which is likely to benefit the growth of the sponge management systems market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sponge Management Systems Market Research Report
By Type
Radio-Frequency Identification, Bar Codes-Count
By Application
Hospital, Clinic, Ambulatory Surgical Centers
By Companies
Stryker Corporation, Meditronic, Haldor Advanced Technologies
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Sponge Management Systems Market Report Segments:
The global Sponge Management Systems market is segmented on the basis of:
Types
Radio-Frequency Identification, Bar Codes-Count
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
Hospital, Clinic, Ambulatory Surgical Centers
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:
- Stryker Corporation
- Meditronic
- Haldor Advanced Technologies
Highlights of The Sponge Management Systems 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:
- Radio-Frequency Identification
- Bar Codes-Count
- By Application:
- Hospital
- Clinic
- Ambulatory Surgical Centers
- 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 Sponge Management Systems 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Sponge management systems (SMS) are a type of water management system used to manage the distribution and use of freshwater resources. SMS can be used to optimize irrigation, reduce wastage, and improve water quality.
Some of the major companies in the sponge management systems market are Stryker Corporation, Meditronic, Haldor Advanced Technologies.
The sponge management systems 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 Sponge Management Systems 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 Sponge Management Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sponge Management Systems 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 Sponge Management Systems 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 Sponge Management Systems Market Size & Forecast, 2018-2028
4.5.1 Sponge Management Systems Market Size and Y-o-Y Growth
4.5.2 Sponge Management Systems Market Absolute $ Opportunity
Chapter 5 Global Sponge Management Systems 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 Sponge Management Systems Market Size Forecast by Type
5.2.1 Radio-Frequency Identification
5.2.2 Bar Codes-Count
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sponge Management Systems 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 Sponge Management Systems Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sponge Management Systems 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 Sponge Management Systems 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 Sponge Management Systems Analysis and Forecast
9.1 Introduction
9.2 North America Sponge Management Systems 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 Sponge Management Systems Market Size Forecast by Type
9.6.1 Radio-Frequency Identification
9.6.2 Bar Codes-Count
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 Sponge Management Systems Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Ambulatory Surgical Centers
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 Sponge Management Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Sponge Management Systems 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 Sponge Management Systems Market Size Forecast by Type
10.6.1 Radio-Frequency Identification
10.6.2 Bar Codes-Count
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 Sponge Management Systems Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Ambulatory Surgical Centers
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 Sponge Management Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sponge Management Systems 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 Sponge Management Systems Market Size Forecast by Type
11.6.1 Radio-Frequency Identification
11.6.2 Bar Codes-Count
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 Sponge Management Systems Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Ambulatory Surgical Centers
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 Sponge Management Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Sponge Management Systems 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 Sponge Management Systems Market Size Forecast by Type
12.6.1 Radio-Frequency Identification
12.6.2 Bar Codes-Count
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 Sponge Management Systems Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Ambulatory Surgical Centers
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) Sponge Management Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sponge Management Systems 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) Sponge Management Systems Market Size Forecast by Type
13.6.1 Radio-Frequency Identification
13.6.2 Bar Codes-Count
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) Sponge Management Systems Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Ambulatory Surgical Centers
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 Sponge Management Systems Market: Competitive Dashboard
14.2 Global Sponge Management Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker Corporation
14.3.2 Meditronic
14.3.3 Haldor Advanced Technologies
