Surgical Pledgets Market - Forecast(2024 - 2030)

Surgical Pledgets Market Overview:

The Surgical Pledgets Market is expected to grow at a CAGR of 5.8%, the market value projected to increase is from US $869.9 Billion in 2023 to US $1,273.5 Billion by 2030. The surgical pledgets market is a rapidly growing segment within the healthcare industry. Surgical pledgets are absorbent pads or soft materials used to support or reinforce sutures during various surgical procedures. They are commonly used in cardiovascular surgeries, including cardiac and vascular procedures, as well as in general surgeries and orthopedic surgeries.

The global rise in the prevalence of chronic diseases, such as cardiovascular diseases, has led to an increased demand for surgical interventions. This, in turn, has fueled the demand for surgical pledgets as they play a vital role in securing sutures and preventing bleeding. Advancements in surgical techniques and materials have contributed to the growth of the surgical pledgets market. Manufacturers are developing innovative pledgets with improved absorbency and biocompatibility, allowing surgeons to perform complex procedures more effectively and safely.

Market Snapshot:

Surgical Pledgets Market - Report Coverage:

The “Surgical Pledgets Market Report - Forecast (2023-2030)” by Industry ARC, covers an in-depth analysis of the following segments in the Surgical Pledgets Market.

Surgical Pledgets Market - Top Trends :

Increasing number of surgical procedures: The growing prevalence of various chronic diseases and the aging population have led to an increase in surgical procedures. This has resulted in a higher demand for surgical pledgets, which are commonly used in surgeries to control bleeding and provide support to tissues during suturing.

Advancements in surgical techniques: The constant advancements in surgical techniques have resulted in the development of minimally invasive procedures. These procedures require specialized tools and devices, including surgical pledgets, which are designed to improve surgical outcomes and patient recovery.

Rising prevalence of cardiovascular diseases: Cardiovascular diseases, such as coronary artery disease and heart valve disorders, are on the rise globally. Surgical pledgets are extensively used in cardiovascular surgeries to secure sutures and reinforce tissue repair, driving the demand in the market.

Growing awareness about healthcare-associated infections (HAIs): Healthcare-associated infections are a significant concern in surgical settings. The use of surgical pledgets can help reduce the risk of contamination and infection during surgeries, leading to an increased adoption of these devices.

Increasing investments in healthcare infrastructure: Many countries are investing heavily in healthcare infrastructure to meet the growing healthcare needs of the population. This has resulted in the establishment of advanced healthcare facilities that use modern surgical techniques and devices, including surgical pledgets.

Technological advancements in surgical pledgets: The market is witnessing advancements in the design and materials used in surgical pledgets, making them more effective and reliable. For example, bioabsorbable pledgets are gaining popularity due to their ability to eliminate the need for device removal after surgery.

Growing geriatric population: The aging population is more prone to various diseases and requires surgical interventions for the management of their health conditions. This demographic trend is expected to contribute to the growth of the surgical pledgets market.

Increasing disposable income and healthcare expenditure: Rising disposable income and healthcare expenditure in many regions have led to increased accessibility to advanced surgical procedures. This has further fueled the demand for surgical pledgets.

The Surgical Pledgets Market - Company Analysis :

The company analysis in the Surgical Pledgets Market involves an in-depth study of the leading companies operating in the market. It includes a detailed analysis of the company's business overview, financial performance, product portfolio, market share, strategic initiatives, and SWOT analysis. The aim of the company analysis is to provide a comprehensive understanding of the competitive landscape of the Surgical Pledgets Market and help market players make informed decisions. It also provides insights into the market strategies of the key players and their impact on the overall market growth.

In this company analysis, we will look into the various aspects of the Surgical Pledgets Market, including its major players and their market share. The global Surgical Pledgets Market is expected to grow significantly over the next few years, with a CAGR of 22.6%. The low cost of production and high demand for Surgical Procedures are the primary factors driving the growth of the market.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Surgical Pledgets Market adopt. The top 10 companies in Surgical Pledgets Market are listed below:

1. Péters Surgical
2. Dolphin Sutures
3. Medline Industries, Inc.
4. Aesculap, Inc.
5. Medtronic, C. R. Bard Inc.
6. ADHE-ELS
7. DeRoyal Industries, Inc.
8. Henry Schein Inc.
9. Santec Medicalprodukte GmbH.
10. Lamed
11. Ethicon US, LLC
12. Medtronic plc
13. B. Braun Melsungen AG
14. Stryker Corporation
15. Becton, Dickinson and Company
16. Baxter International Inc.
17. Johnson & Johnson Services, Inc.
18. Smith & Nephew plc
19. Cardinal Health
20. 3M

Scope of the Report: