PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378621
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378621
The Global Gelatin Sponge Market is estimated to be valued at US$ 235.9 million in 2023 and is expected to exhibit a CAGR of 6.4% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 235.9 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 6.40% | 2030 Value Projection: | US$ 364.2 Mn |
Gelatin sponge are generally small, sterile, and surgical sponges that are used in surgical procedures, as a hemostatic device. Each gelatin sponge is capable of absorbing and holding blood, according to its mesh size. Gelatin sponges are manufactured using specially treated and purified gelatin solution. Gelatin sponge marketed products are sterile and are intended for single use, as reuse can result in the transmission of human immunodeficiency virus (HIV) and hepatitis, which can endanger patients and health care providers.
Bleeding in patients with platelet disorders can often be treated by conservative means including local compression, gelatin sponge, local hemostatic agents (e.g., topical thrombin or fibrin glue), hormonal manipulation (e.g., birth control pills), and antifibrinolytics (e.g., tranexamic or epsilon aminocaproic acid). Gelatin sponge is an absorbable medical dressing applied to the bleeding surface in order to provide hemostasis. This dressing is an off-white, water-insoluble, non-elastic, flexible material obtained from pig skin or cowhide. Gelatin sponge is capable of absorbing large amounts of blood and other fluids.
Gelatin sponge is an absorbable medical dressing applied to the bleeding surface in order to provide hemostasis, and is thus used in various types of surgeries such as neurological surgeries. The rising incidence of neurological disorders, such as Alzheimer's disease and Parkinson's disease, are leading to the rising number of neurological surgeries, which is expected to drive the global gelatin sponge market growth during the forecast period. For instance, according to data provided by the World Health Organization (WHO), in May 2020, around 50 million people were suffering from Alzheimer's disease, globally and there are around 10 million new cases every year, worldwide.
Gelatin Sponge Market Detailed Segmentation: