by Gelatin sponges, also known as surgical or absorbable gelatin sponges, are absorbent medical devices that are applied to bleeding wounds during surgery. They swell when in contact with bodily fluids and exert a gentle pressure on tissues, which assists in hemostasis. Gelatin sponges have gained widespread popularity among surgeons due to their easy application, adaptability to irregular surfaces, and controlled absorption characteristics. The Global gelatin sponge market is driven by factors such as increasing number of surgeries, growth of geriatric population, and rising prevalence of chronic wounds.
The global gelatin sponge market is estimated to be valued at US$ 235.9 million in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the global gelatin sponge market are Pfizer Inc., B. Braun SE, GELITA MEDICAL, CuraMedical B.V., Aegis Lifesciences, Angellifescience, EON Meditech, GOODWILL LIFESCIENCES PVT. LTD, Mil Laboratories Pvt. Ltd., EUCARE PHARMACEUTICALS (P) LTD. Key players focus on developing advanced gelatin sponge products and expanding their regional presence through partnerships and acquisitions.
Key opportunities in the Gelatin Sponge Market Size include increasing product adoption in emerging economies and ongoing research on developing advanced hemostatic agents. Significant technological advancements have been made in improving the absorption and mechanical properties of gelatin sponges. A number of companies are investigating the use of gelatin in combination with other hemostatic agents to enhance efficacy.
The primary driver boosting the gelatin sponge market growth is the rising number of surgical procedures globally owing to increasing disease burden. According to the American Hospital Association, over 51 million inpatient surgeries and 132 million outpatient surgeries are performed annually in the United States. This substantial surgical caseload generates consistent demand for hemostatic devices such as gelatin sponges. Furthermore, the growing geriatric population, which is more prone to developing chronic diseases and injuries, is also fueling market revenue.
Current challenges in the Gelatin Sponge Market
The gelatin sponge market is facing challenges due to rising concerns regarding allergies associated with gelatin sponges. Gelatin is derived from animal sources which can cause allergic reactions in some patients. Also, microbial contamination during manufacturing is a major issue affecting the quality of gelatin sponges. Regulatory compliance related to sterilization and packaging is also adding to the production cost.
SWOT Analysis
Strength: Gelatin sponges are biodegradable and cause minimal reactions at the site of application. They are absorbent in nature and helps in hemostasis.
Weakness: Risk of allergic reactions. Potential for microbial contamination during manufacturing.
Opportunity: Development of gelatin-free substitutes can address the issue of allergies. Investment in advanced sterilization technologies can improve quality assurance.
Threats: Stringent regulatory norms increase compliance cost. Shift towards adoption of alternative hemostatic agents.
Geographical regions of concentration
North America accounts for the largest share of the global gelatin sponge market, primarily due to rising healthcare spending and growing number of surgical procedures in the region.
Fastest growing region
Asia Pacific region is expected to witness highest growth during the forecast period due to increasing patient pool, medical tourism, rising healthcare expenditure, and growing awareness about advanced hemostatic agents.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
