GELATIN SPONGE MARKET ANALYSIS

Market Challenges And Opportunities

Global Gelatin Sponge Market– Drivers

• Increasing number of surgical procedures: The rising number of surgical procedures is expected to drive the growth of the gelatin sponge market over the forecast period. For instance, according to data provided by the World Cancer Research Fund International, in March 2022, there were an estimated 18.1 million cancer cases around the world in 2020. Of these, 9.3 million cases were in men and 8.8 million in women. Breast and lung cancers were the most common cancers worldwide, contributing 12.5% and 12.2% of the total number of new cases diagnosed in 2020.

Global Gelatin Sponge Market: Restraint

• Increasing product recalls by regulatory authorities: Factors such as product recalls and the presence of alternatives are expected to hinder the growth of the market. For instance, in October 2022, B. Braun SE, a medical device company, announced the product recall of Gelita-Tampon Absorbable Gelatin Sponge. This recall was due to an endotoxin concentration of the product that was measured to be above the limit in some samples during routine bioburden testing. The use of the affected products could potentially cause an acute pyrogenic reaction within two to five days after use. Factors such as product recall can hamper the growth of the market, but if the key market players in the market were focused on maintaining the quality of the product, then it could help reduce the product recall of the respective products.

Global Gelatin Sponge Market – Impact of Coronavirus (COVID-19) Pandemic

• Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.
• COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, faced problems with the transportation of things from one place to another.
• However, the COVID-19 pandemic had a negative impact on the global gelatin sponge market. For instance, in September 2021, according to the data published in the American Journal of Managed Care, chronic wound care had been delayed during the COVID-19 pandemic, which resulted in several infections and increased hospital admissions. As a result of delayed care during the COVID-19 pandemic, it will be crucial for clinicians, hospitals, and outpatient departments to comprehend and prepare for an increase in patients with untreated and uncontrolled non-healing wounds and concomitant acute-on-chronic problems. Also, some patients have avoided appointments at wound care clinics due to fear of exposure to COVID-19.