The global Laparotomy Sponge market size is expected to be worth around US$ 11.4 billion by 2030, according to a new report by Vision Research Reports.
The global Laparotomy Sponge market size was valued at US$ 813.5 million in 2020 and is anticipated to grow at a CAGR of 17.6% during forecast period 2021 to 2030.
Rising disease burden and subsequent improvement in treatment alternatives, growing geriatric population, and a mounting number of cesarean deliveries are among key trends contributing to the growth of the market. Furthermore, R&D initiatives undertaken by leading players to improve counting and detection of sponges to prevent incidences of retained surgical items (RSI) are driving the market.
The number of abdominal surgeries performed every year is increasing tremendously owing to a rise in the prevalence of abdominal disorders. Cesarean section and cholecystectomy (removal of gall bladder) are among the top ten most commonly performed surgeries in the U.S. Growing prevalence of cancer is leading to an upswing in laparotomy procedures for biopsies, which in turn is anticipated to provide a fillip to the market.
Moreover, the development of technologically advanced sponge counting and detection systems is estimated to help the market gain significant traction over the coming years. For example, in June 2007, ClearCount Medical received FDA clearance for SmartSponge System. It was reportedly the world’s first RFID system for detection and counting of surgical towels and sponges to replace the manual counting method.
Various initiatives are being undertaken to reduce the incidence of RSI. A pediatric teaching hospital in Boston, Children’s Hospital Boston, conducted a quality improvement study for eliminating incorrect counts and count discrepancies. This study was focused on educating perioperative staff, reviewing prior count discrepancies, standardizing counting practice, and reviewing and revising the counting system for reducing RSI. This initiative resulted in a reduction in RSI by 50% between 2009 and 2010.
Radiopaque or convention X-ray detectable laparotomy devices held over 54.0% share in 2016 owing to high demand across the world. In this method, materials such as a radiopaque thread or tail are used, which can be detected in radiographs. It is an expensive method but is recommended by several medical associations worldwide as it offers better detectability features as compared to traditional systems.
The RFID segment is estimated to post a remarkable CAGR during the forecast period. RFID is a technology developed for tracking and counting of these devices. It has low radio frequency beacons sewn into these devices. It employs low energy, making the system economically viable. A sponge tagged with RFID beeps when it is detected by an RF signal.
Traditional systems for laparotomy sponge detection include manual counting and the use of partitioned racks for keeping a track of the number of these devices in operating rooms. Despite technological advancements in sponge detection and tracking, manual counting is an important method used for counting these devices. The segment is poised to register steady growth during the same period.
Another method that uses a similar technology is the barcode method. A two-dimensional bar-coding system tracks laparotomy sponges and reduces false counts. This process involves the labeling of these devices with a unique code and their arrangement in a pack with a master tag that contains codes for all the products in the pack. Although there is no perfect system for tracking and detecting RSIs, the bar code system can be used to validate the manual sponge count.
Hospitals represented the leading revenue share in the laparotomy sponges market in 2016. Laparotomy surgeries (open surgeries) are mostly performed as inpatient surgeries. They require longer hospital stays owing to their higher complexity as compared to outpatient surgeries. In addition, reimbursement framework in the U.S. is more favorable for inpatient surgeries as compared to outpatient ones. In developing regions, there are a limited number of surgery centers, and most surgeries are performed in hospitals. All these factors are contributing to the growth of the segment. It is projected to exhibit the highest CAGR of 7.7% during the forecast period.
Surgery centers are an emerging concept in developing regions. Surgeries conducted in these centers are mostly considered outpatient and most of them are less complicated as compared to inpatient surgeries in hospitals. Hospitals are generally preferred for open abdominal surgeries, whereas surgery centers are preferred for laparoscopic surgeries. Laparoscopic surgeries are increasing globally and thus, demand for laparotomy sponges in these centers is likely to increase over the forecast period. The segment is anticipated to register a noteworthy CAGR during the same period.
North America was the leading revenue contributor in the market in 2016, accounting for more than 35% of the market. Increasing the geriatric population, rising incidence of abdominal disorders, and the growing number of abdominal surgeries are supplementing the growth of the market. Domicile of a large number of key players in the operating room supplies market and government initiatives undertaken for reducing the incidence of RSI are also escalating the growth of the regional market.
The U.S. is at the forefront of growth in the North America market. Incidence of RSI is considerably high in the country and several initiatives are being undertaken to reduce or manage the same. No Things Left Behind is a nationwide project initiated in 2004 for creating awareness about RSI. According to data gathered from this initiative, approximately 2,000 to 4,000 cases of RSI are reported every year in the U.S. This is likely to encourage the introduction of innovative laparoscopic sponges and thereby drive the market.
Asia Pacific is anticipated to register the highest CAGR during the forecast period. According to the annual ranking of World Cancer Research, Korea, Japan, and China are among the top countries with the highest rates of stomach cancer. The rate of cesarean section deliveries is also high in Asian countries. This regional market has a high potential for growth owing to a wide base of geriatric population, increasing prevalence of abdominal disorders, and rising awareness about laparotomy. Growing investments in R&D by key players to develop accurate systems for tracking and detecting laparotomy sponges in an attempt to reduce RSI are also expected to play a pivotal role in the development of the regional market.
Medtronic; Derma Sciences, Inc.; Medical Action Industries, Inc.; Medline Industries, Inc.; Stryker; Premier Enterprises; ACTIMED; A Plus International, Inc.; Cardinal Health; and AllCare.
The Middle East & Africa
The Laparotomy Sponge market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Laparotomy Sponge market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Laparotomy Sponge market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Laparotomy Sponge market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Laparotomy Sponge market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Laparotomy Sponge capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Laparotomy Sponge by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Laparotomy Sponge market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Laparotomy Sponge market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Laparotomy Sponge market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Laparotomy Sponge industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Laparotomy Sponge market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Laparotomy Sponge market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Laparotomy Sponge market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Laparotomy Sponge market. These factors have benefited the growth of the global market for Laparotomy Sponge. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Laparotomy Sponge. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Laparotomy Sponge are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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