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The medical gauze balls are hydrophilic in nature and thus are mainly employed to soak up blood and clean the wounds throughout the surgeries. Gauze balls are minimally fraying hence, the risk of microbiological infection is decreases. These are generally made of cotton and are particularly useful for wound dressing because some other material may attach to the wound and result in burn or cause laceration. The recent medical gauzes are enveloped with a porous film made of plastic to prevents direct contact with wounds and additionally decreases wound adhesion. The variety of applications of gauze balls, rising number of surgeries increased incidences of road accidentsa are driving the growth of the market.
The increase in the number of surgical procedures, rising number of accidental cases and increase in the prevalence of chronic diseases leading to surgeries are the central factors driving the growth of the market. According to the American Society of Plastic Surgeons, greater than 17.7 million surgical and minimally invasive cosmetic procedures were estimated to be performed in the United States in 2018. Moreover, the growing incidences of accidental cases and trauma are further driving the growth of the market. According to the World Health Organization (WHO) 2020, 1.35 million people were estimated to die from road traffic crash and between 20 and 50 million people suffer non-fatal injuries every year. However, strict regulations and competition from domestic players leading to pricing pressure are likely to obstruct the market growth.
Key Market Driver -
Increase in the number of surgical procedures and growing number of accidental cases are boosting the market growth.
Key Market Restraint -
Strict government regulations and trade disputes are likely to hinder the market growth
Globally, the medical gauze balls market can be segmented on the basis of product type, end-users, and region. Based on the product type, the market can be segmented into sterile and non-sterile. Based on the end-users the market can be segmented into hospitals, specialty clinics, ambulatory surgical centres and others
Geographically, the medical gauze balls market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Some of the major companies that are present in the medical gauze balls market are DYNAREX, Medline Industries, BSN medical, Paul Hartmann AG, Baxter Healthcare, Cardinal Health, Winner Medical Group Inc., PartsSource, Inc., Johnson & Johnson Consumer Inc., Smith & Nephew, Inc., 3M, Mölnlycke Health Care AB, and other prominent players.
Geographically, the medical gauze balls market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest share of the market and is also estimated to follow the same tendency in the forecast period. The growth of the market in this region can be accredited to the higher number of surgeries per year, increase in the prevalence of chronic diseases, and higher per capita health-care expenditure. Moreover, the presence of highly developed healthcare infrastructure, rising number of cosmetic procedures, and favorable reimbursement policies are also driving the market growth in this region. Europe is anticipated to hold the second most lucrative market throughout the forecast period. The factors such as increase in the prevalence of chronic diseases, rising number of road accidents and higher healthcare expenditure by the various government agencies in this region are projected to boost the growth of the market in this region. However, Asia-Pacific holds the largest potential for the market growth. The growth of the market can be recognized by the escalation in the number of road accidents, rising healthcare facilities, adoption of advanced healthcare products, increase in the purchasing power of the countries, and growing healthcare expenditure are the major factors driving the growth of the market in this region. The market in Latin America and the Middle East and Africa are expected to grow reasonably in the forecast period. The market in these regions is expected to grow due to the increasing availability of doctors, growing healthcare infrastructure and expansion of market by key players.
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