Global Absorbable Gelatin Sponge Market Size By Type (Large Size, Medium Size, Small Size), By Application (Minimally Invasive Surgery, General Surgery), By Geographic Scope And Forecast

Absorbable Gelatin Sponge Market Size And Forecast

Absorbable Gelatin Sponge Market Size is growing at a good pace over the last few years and is expected to grow at a CAGR of 6.40% over the forecasted period 2023 to 2030.

The market for Absorbable Gelatin Sponge is predicted to rise substantially. The increasing number of surgical procedures performed globally, the rise in the number of trauma cases, and the aging population are projected to fuel demand for these goods. The Global Absorbable Gelatin Sponge Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Absorbable Gelatin Sponge Market Definition

An absorbable gelatin sponge is a medical device used to halt bleeding during surgery or after a traumatic accident. It is made of refined gelatin, which is derived from animal collagen, and is biodegradable, which means it will degrade and be absorbed by the body over time. The sponge is often offered in the form of a flat, compressed sheet or a pre-cut shape and is intended to be placed immediately on a bleeding lesion. When the sponge comes into contact with blood, it quickly expands and forms a clot, which stops the bleeding. The sponge also acts as a barrier between the wound and the surrounding environment, lowering the chance of infection.

Global Absorbable Gelatin Sponge Market Overview

The expanding number of surgical operations globally, particularly in developing nations, has fueled the demand for Absorbable Gelatin Sponge. As the frequency of operations rises, so does the demand for absorbable hemostats, which drives the Absorbable Gelatin Sponge market. The rising prevalence of chronic illnesses such as cancer, cardiovascular disease, and liver disease is also growing demand for Absorbable Gelatin Sponge. These diseases necessitate surgical interventions, and the use of absorbable hemostats during surgery is critical.

The development of new and better Absorbable Gelatin Sponge products with higher efficiency, improved hemostasis, and decreased side effects is also a key market driver. Manufacturers are investing in R&D to provide new and creative solutions to fulfill the rising need for absorbable hemostats. Alternative products such as oxidized regenerated cellulose and fibrin sealants may also pose a threat to the growth of the Absorbable Gelatin Sponge Market. These items have similar hemostatic qualities as Absorbable Gelatin Sponge and are also absorbable, which may lessen the demand for Absorbable Gelatin Sponge.

The growing popularity of minimally invasive operations is likely to open up new potential for the Absorbable Gelatin Sponge industry. These procedures necessitate the use of absorbable hemostats to control bleeding, which is predicted to drive up demand for these products. The growing popularity of minimally invasive operations is likely to open up new potential for the Absorbable Gelatin Sponge industry. These procedures necessitate the use of absorbable hemostats to control bleeding, which is predicted to drive up demand for these products.

Global Absorbable Gelatin Sponge Market Segmentation Analysis

The Global Absorbable Gelatin Sponge Market is Segmented on the Basis of Type, Application, And Geography.

Absorbable Gelatin Sponge Market, By Type

• Large Size
• Medium Size
• Small Size

On the basis of Type, The type market is further segmented into large size, medium size, and small size. Large Absorbable Gelatin Sponge are the largest of the three sizes. They are typically 20 to 30 millimeters in diameter but can be as large as 40 or 50 millimeters. General surgery, abdominoplasty (tummy tuck), breast reconstruction, ventral hernia repair, pectoral implants, major incision wounds, and breast reconstruction are all examples of procedures that use this technique.

Medium-sized Absorbable Gelatin Sponge are generally 15 to 20 millimeters in diameter. General surgery, abdominoplasty (tummy tuck), breast reconstruction, ventral hernia repair, pectoral implants, major incision wounds, and breast reconstruction are all examples of procedures that use this technique. Small Absorbable Gelatin Sponge are typically 12 to 15 millimeters in diameter. General surgery, abdominoplasty (tummy tuck), breast reconstruction, ventral hernia repair, pectoral implants, and major incision wounds are among the procedures that use this technique.

Absorbable Gelatin Sponge Market, By Application

• Minimally Invasive Surgery
• General Surgery
• Others

On the basis of Application, the market is segmented into minimally invasive surgery, general surgery, and others. Absorbable Gelatin Sponge are increasingly being used in minimally invasive surgery. During laparoscopic surgery, the surgeon creates several tiny incisions to insert surgical instruments and tools via which, among other things, organ tissues are examined or blood arteries are repaired. An absorbable gelatin sponge is typically used in general surgery as a post-operative bandage or to stop bleeding. The product is most commonly used in surgical procedures to stop bleeding from big blood vessels, such as those located at the confluence of arteries and veins.

Absorbable Gelatin Sponge Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Regional Analysis, The Global Absorbable Gelatin Sponge Market is classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2022, The Absorbable Gelatin Sponge Market was dominated by North America. The largest market throughout the projection period is anticipated to be in North America. The significant demand for large-size Absorbable Gelatin Sponge in this area is a result of the frequent use of minimally invasive procedures for conditions including obesity, gastroesophageal reflux disease (GERD), hiatal hernia repair, and others. Furthermore, the demand for Absorbable Gelatin Sponge is increasing in North America due to the rising number of cancer cases and technological advancements.

The usage of these devices will also rise within the forecast years due to the rising trend in shoulder arthroplasties and the occurrence of chronic pain. In terms of Absorbable Gelatin Sponge sales and consumption, Europe is the second-largest revenue-producing region. The Asia Pacific will continue to lead the worldwide Absorbable Gelatin Sponge Market because of its high economic development and aging population. The region’s fast-growing senior population is boosting demand for minimally invasive surgery (MIS) treatments that employ Absorbable Gelatin Sponge.

Key Players

The “Global Absorbable Gelatin Sponge Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are B. Braun, Baxter, Beijing Datsing Biotech, Beijing Taikesiman, Biotemed, Cura Medical, Curasan AG, Foryou Medical, GELITA MEDICAL, Guizhou Jin Jiu Biotech, Johnson & Johnson, Meril Life Sciences, Saikesaisi Holdings Group, and Zhonghui Shengxi.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In August 2021, Healthium Medtech Pvt Ltd (previously Sutures India), owned by Apax Partners, acquired Mumbai-based Shri SGK Labs’ gelatin sponge brand AbGel. AbGel is an Absorbable Gelatin Sponge that has been used in India since 1980. It aids in the management of blood seeping in cases of bleeding from many tiny arteries. Healthium will expand the brand’s reach through its hospital network in India, it added.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Absorbable Gelatin Sponge Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Absorbable Gelatin Sponge Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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