Surgical Pledgets Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 617.91 Million |
| Market Size (2029) | USD 824.65 Million |
| CAGR (2024 - 2029) | 5.94 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Surgical Pledgets Market Analysis
The Surgical Pledgets Market size is estimated at USD 617.91 million in 2024, and is expected to reach USD 824.65 million by 2029, at a CAGR of 5.94% during the forecast period (2024-2029).
Factors such as the increasing burden of chronic diseases, sports, and trauma-related injuries, the rising number of surgical procedures, and growing awareness about healthcare-associated infections (HAIs) are expected to boost the growth of the surgical pledgets market over the forecast period.
An increase in chronic conditions such as cardiovascular diseases and diabetes necessitates more surgical interventions. The rising number of surgical procedures, globally, including minimally invasive surgeries boosts the demand for surgical pledgets in the market. For instance, a June 2023 article published in the Journal of Orthopedic Surgery and Research highlighted a decade-long surge in osteosynthesis and joint replacement implants. It also projected a 67% rise in knee replacement demand in the United States by 2030, estimating 3.5 million procedures annually. Surgical pledgets play a crucial role in enhancing the safety and effectiveness of surgeries, improving tissue handling, and minimizing complications, thereby the rise in chronic diseases is likely to propel the market growth in the coming years.
Furthermore, the rising prevalence of conditions like peripheral artery disease, which often require surgical interventions, is further driving the demand for pledgets. For instance, according to estimates from the American Heart Association in June 2023, over 200 million people globally suffer from peripheral artery disease (PAD), a trend attributed to an aging population and lifestyle choices. The high burden of PAD boost the need for surgeries and supportive materials like pledgets, hence the market is expected to grow over the forecast period.
Moreover, various studies were conducted by the researchers to evaluate the efficacy of silk and polytetrafluoroethylene polymer (PTFE) sutures in carrying aerobic and anaerobic bacteria on wounds post-mandibular third molar surgery. For instance, a March 2023 article published in the Antibiotics journal highlighted that PTFE sutures outperformed silk sutures in reducing bacterial biofilm, as assessed in both aerobic and anaerobic contexts, following minimally invasive mandibular (M3M) surgery. Thus, the superiority of PTFE sutures over silk sutures is expected to increase their adoption during molar surgery, hence anticipated to fuel the market growth over the forecast period.
Therefore, owing to factors such as the rising number of orthopedic surgical procedures, and the rising number of research studies evaluating the effectiveness of surgical pledgets, the studied market is expected to grow over the forecast period. However, the high cost of surgical pledgets, stringent regulations for approval, and limited awareness about the benefits of surgical pledgets are likely to hinder the market growth over the forecast period.
Surgical Pledgets Market Trends
Orthopedic Surgery Segment is Expected to Witness Significant Growth Over the Forecast Period
The orthopedic surgery segment is anticipated to witness significant growth in the market over the forecast period owing to factors such as the rising prevalence of osteoarthritis, sports injuries, and trauma-related fractures, coupled with an increasing number of orthopedic surgeries.
The increasing number of orthopedic disorders and sports injuries is the key factor driving the demand for surgical procedures, hence propelling the growth of surgical pledgets in the market. For instance, according to the data published in the February 2024 Annual Meeting of the American Academy of Orthopaedic Surgeons (AAOS), sports injuries have increased significantly. The total number of sports-related orthopedic injuries is expected to reach 137,852 by 2040 in the United States, an increased rate of 4.7 injuries per 100,000 people annually. Surgical pledgets are used during sports-related surgeries to reinforce the suturing, helping to distribute the tension evenly and prevent the sutures from pulling through the tissues, thus bolstering the segment growth.
Furthermore, with a global surge in surgical procedures, the demand for surgical pledgets is also set to rise, bolstering segment growth. For instance, according to an article published in the Journal of Orthopedic Science, in January 2023, about 4,052 knee surgery procedures were reported in Japan among men aged 40–64 years, followed by 6,942 for those aged 65–74, and 14,986 for men aged 75 and older.
In addition to the above context, about 7,092 knee arthroplasties were reported among women aged 40–64 years, followed by 22,957 for those aged 65–74, and a significant 58,340 for women aged 75 and above are projected to occur in Japan by 2030. Thus, knee arthroplasties in Japan are on an upward trajectory, with expectations of continued growth across most age groups over the next decade. This trend underscores a rising demand for surgical pledgets to strengthen sutures used during knee arthroplasties, further bolstering the segment growth over the forecast period.
Similarly, according to one of the articles published in the Elsevier Journal in September 2023, the number of total knee arthroplasty procedures is rising in both males and females in France, and the number was projected to reach 151,575 in France by 2050. Pledgets help secure soft tissue attachments to the bone or prosthetic implants, ensuring these structures remain stable after the joint replacement. Thus, the high number of surgical procedures spurs the growth of surgical pledgets in the market, bolstering segment growth.
Therefore, owing to the increasing number of orthopedic disorders, sports-related injuries, and the growing number of knee arthroplasties, the studied segment is expected to grow over the forecast period.
North America is Expected to Hold Significant Market Share Over the Forecast Period
North America is expected to witness significant growth over the forecast period owing to factors such as the rising prevalence of cardiovascular diseases, and orthopedic disorders, an increase in sports-related injuries among the population coupled with a growing number of surgical procedures, and advancements in surgical techniques.
The rising prevalence of chronic disorders among the population is driving market expansion. For instance, data from the Centers for Disease Control and Prevention (CDC), updated in October 2023, highlighted coronary heart disease as the predominant heart ailment in the region. Furthermore, statistics revealed that a heart attack strikes someone every 40 seconds, with nearly 805,000 incidents reported annually in the United States. Given this significant cardiovascular disease burden, there's an anticipated surge in demand for heart surgeries. This, in turn, boosts the need for surgical pledgets, which reinforce suture lines during valve replacements or repairs. These pledgets play a crucial role in preventing leaks around the valve, ensuring effective repairs. Consequently, this trend is poised to drive market growth in the coming years.
Similarly, data released by the Canadian Sudden Arrhythmia Death Syndrome Foundation in December 2023, indicated that Canada witnesses approximately 35,000 cardiac arrests annually. This underscores the demand for heart surgeries in Canada, where pledgets are instrumental in reinforcing suture lines. They help prevent heart tissue tearing during graft securing, aneurysm repairs, or valve replacements, thereby driving market growth.
Moreover, ankle and foot fractures rank among the most prevalent traumas treated by orthopedic teams in North America. For instance, a September 2023 article published in the Journal of Clinical Medicine reported that Mexico sees around 3,755 ankle fracture surgeries each year. Surgical pledgets are crucial in treating ankle and foot fractures, particularly in surgeries that involve soft tissue repairs, bone fixation, or delicate structures. Surgeons use pledgets to reinforce sutures during repairs, ensuring they don't tear through weakened or damaged tissues. As a result, the increasing frequency of ankle surgeries is likely to drive the demand for surgical pledgets, fueling market growth.
Therefore, owing to the rising burden of cardiac disorders, and rising orthopedic surgeries, the studied market is expected to grow over the forecast period in North America.
Surgical Pledgets Industry Overview
The surgical pledgets market is semi-consolidated with a few key players dominating the market. These companies typically manufacture a broad range of surgical products, including pledgets, and have established strong market positions due to their global reach, product innovations, and extensive distribution networks. Some of the key players in the market are Medtronic, B.Braun SE, Teleflex Incorporated, Medline Industries,Inc. and Johnson and Johnson (Ethicon US, LLC), among others.
Surgical Pledgets Market Leaders
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Medtronic
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B. Braun SE
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Medline Industries,Inc.
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Johnson and Johnson (Ethicon US, LLC)
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Teleflex Incorporated
*Disclaimer: Major Players sorted in no particular order
Surgical Pledgets Market News
- March 2024: Eurazeo signed an agreement to sell all the share capital of Peters Surgical to Advanced Medical Solutions Group plc (AMS), a specialist in tissue-healing technologies. The combination of Peters Surgical with AMS will benefit patients, and surgeons by providing a wide range of surgical products, including surgical pledgets.
- April 2023: Aziyo Biologics, Inc. entered into a distribution agreement with LeMaitre Vascular, Inc., a provider of vascular devices, implants, and services. Under the agreement terms, Aziyo will grant LeMaitre exclusive United States distribution rights for the products within its cardiovascular segment, including Tyke, the only extracellular matrix cleared for neonatal and infant patch, pledget, and intracardiac repair.
Surgical Pledgets Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Burden of Chronic Diseases, Sports and Trauma-related Injuries
4.2.2 Rising Number of Surgical Procedures
4.2.3 Growing Awareness About Healthcare-associated Infections (HAIs)
4.3 Market Restraints
4.3.1 High Cost of Surgical Pledgets and Stringent Regulations for Approval
4.3.2 Limited Awareness About Benefits of Surgical Pledgets
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Application
5.1.1 Cardiovascular Surgery
5.1.2 Thoracic Surgery
5.1.3 Orthopedic Surgery
5.1.4 General Surgery
5.1.5 Others (Neurosurgery, Gynecological Surgery, and Vascular Surgery)
5.2 By Material
5.2.1 Polytetrafluoroethylene (PTFE)
5.2.2 Polyester
5.2.3 Teflon
5.2.4 Others (Felt and Bovine Pericardium)
5.3 By End-user
5.3.1 Hospitals
5.3.2 Ambulatory Surgical Centers
5.3.3 Others (Research Institutions and Specialty Clinics)
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic
6.1.2 Aesculap, Inc.
6.1.3 Medline Industries,Inc.
6.1.4 C. R. Bard Inc.
6.1.5 Henry Schein Inc.
6.1.6 P�ters Surgical
6.1.7 Dolphin Sutures
6.1.8 Johnson and Johnson (Ethicon US, LLC)
6.1.9 B. Braun SE
6.1.10 Becton, Dickinson and Company
6.1.11 Teleflex Incorporated
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Surgical Pledgets Industry Segmentation
As per the scope of the report, surgical pledgets (PTFE) are single-use, non-absorbable mesh that is sterilized with ethylene oxide (EO). These feltes are used during septal deficiency repair of the heart, tissue placement, tissue repair, and cardiovascular surgery to support the surgical suture.
The surgical pledgets market is segmented into application, material, end-user, and geography. By application, the market is segmented into cardiovascular surgery, thoracic surgery, orthopedic surgery, general surgery, and others. Other applications include neurosurgery, gynecological surgery, and vascular surgery. By material, the market is segmented into polytetrafluoroethylene (PTFE), polyester, teflon, and others. The other material types include felt surgical pledgets and bovine pericardium. By end-user, the market is segmented into hospitals, ambulatory surgical centers, and others. The other end-users include research institutions and specialty clinics. By geography, the market is divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. For each segment, the market sizing and forecasts were made based on value (in USD).
| By Application | |
| Cardiovascular Surgery | |
| Thoracic Surgery | |
| Orthopedic Surgery | |
| General Surgery | |
| Others (Neurosurgery, Gynecological Surgery, and Vascular Surgery) |
| By Material | |
| Polytetrafluoroethylene (PTFE) | |
| Polyester | |
| Teflon | |
| Others (Felt and Bovine Pericardium) |
| By End-user | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Others (Research Institutions and Specialty Clinics) |
| Geography | ||||||||
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Surgical Pledgets Market Research FAQs
How big is the Surgical Pledgets Market?
The Surgical Pledgets Market size is expected to reach USD 617.91 million in 2024 and grow at a CAGR of 5.94% to reach USD 824.65 million by 2029.
What is the current Surgical Pledgets Market size?
In 2024, the Surgical Pledgets Market size is expected to reach USD 617.91 million.
Who are the key players in Surgical Pledgets Market?
Medtronic, B. Braun SE, Medline Industries,Inc., Johnson and Johnson (Ethicon US, LLC) and Teleflex Incorporated are the major companies operating in the Surgical Pledgets Market.
Which is the fastest growing region in Surgical Pledgets Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Surgical Pledgets Market?
In 2024, the North America accounts for the largest market share in Surgical Pledgets Market.
What years does this Surgical Pledgets Market cover, and what was the market size in 2023?
In 2023, the Surgical Pledgets Market size was estimated at USD 581.21 million. The report covers the Surgical Pledgets Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surgical Pledgets Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Surgical Pledgets Industry Report
Statistics for the 2024 Surgical Pledgets market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Surgical Pledgets analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
