Laparotomy sponges industry analysis
The global laparotomy sponges market is anticipated to grow at a steady rate and will post a CAGR of close to 8% during the forecast period. Growing advancements in technology to perform abdominal laparotomy procedures will drive the growth prospects for the global laparotomy sponges market until the end of 2020. These technological advancements will allow both vendors and the healthcare providers to address healthcare challenges such as sterilization and access to affordable health care services, which results in the development of efficient products. For instance, the laparotomy sponges labeled with RFID tags help reduce the retention of sponges and improve the quality of the operation.
In addition, the market analysis also shows that products such as sterile laparotomy sponge ensure enhanced safety from infective agents. For instance, Medical Action Industries developed X-ray detectable laparotomy sponges that have a high quality and reliability by incorporating advanced and modern systems to provide sterile laparotomy sponges. Similarly, Stryker recently introduced the SurgiCount sponge system, which helps to avoid the retainment of surgical sponges in the body.
Laparotomy sponges market drivers
The growing focus on developing economies will drive the growth prospects for the global laparotomy sponges market for the next four years. One of the major factors contributing to market opportunities for these vendors in emerging economies such as India, China, Africa, and the Middle East is the presence of a huge customer base and high demand. Also, the growing demand for lap sponges fosters its growth prospects across the medical devices and textile industry.
Laparotomy sponges market worth: Competitive landscape and key vendors
The global laparotomy sponges market is highly fragmented and competitive due to the presence of a large number of tier I, tier II, and local or domestic companies. Vendor analysis for the market shows that the competitive environment in the market will intensify with the increasing new product launches and advancements in technology. Furthermore, these vendors compete against each other based on the factors such as aggressive pricing, capital support for product or technology up-gradation, and distribution partnerships.
Key vendors in the laparotomy sponges market
- Derma Sciences
- Medtronic
- Owens & Minor
- Medline
Laparotomy sponges market segmentation by technology
- Radiopaque laparotomy sponge
- Traditional laparotomy sponge
- RFID or barcode laparotomy sponge
The radiopaque laparotomy sponge segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors leading to its increasing popularity and demand is its extensive use in the thoracic and abdominal surgical procedures, particularly in healthcare organizations in North America.
Laparotomy sponges market segmentation by geography
In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market in the forthcoming years. Since the Americas is the market leader, it accounts for the maximum market size because of the rising incidence of gastrointestinal disorders in the region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global laparotomy sponges market?
- What are the key market trends impacting the growth of the global laparotomy sponges market?
- What are the challenges to market growth?
- Who are the key vendors in the global laparotomy sponges market?
- What are the market opportunities and threats faced by the vendors in the global laparotomy sponges market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global laparotomy sponges market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Gossypiboma: An overview
PART 05: Unique device identification in healthcare industry
- Impact of unique device identification on IT
- Implementation of unique device identification
- Complications of unique device identification
- Conclusion
PART 06: Market landscape
- Market overview
- Five forces analysis
PART 07: Market segmentation by technology
- Radiopaque laparotomy sponges
- Traditional laparotomy sponges
- RFID/barcode laparotomy sponge
PART 08: Geographical segmentation
- Laparotomy sponges market in Americas
- Laparotomy sponges market in EMEA
- Laparotomy sponges market in APAC
PART 09: Market drivers
- Growing number of abdominal laparotomy procedures
- Advances in technology
- Use of product bundling strategy
PART 10: Impact of drivers
PART 11: Market challenges
- Rapid shift toward minimally invasive and non-invasive surgeries
- Complications involved in the usage of laparotomy sponges
- Reduced average selling prices due to e-auctioning and tendering processes
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Manufacturing of laparotomy sponges by textile companies
- Growing focus on developing economies
- Color coding of laparotomy sponges
PART 14: Vendor landscape
- Competitive scenario
- Key news
- Merger and acquisitions
PART 15: Key vendor analysis
- Derma Sciences
- Medtronic
- Owens & Minor
- Medline
- Other prominent vendors
PART 16: Appendix
PART 17: Explore Technavio