Categories
Pharmaceutical

Global Sponge Detection System Market Is Predicted To Expand At A Cagr Of 5.7% By 2031

According to a new report by Fact.MR – a provider of market research and competitive intelligence – the global sponge detection systems market was valued at USD 107 million in 2020 and is expected to grow at a CAGR of 5.7% during the forecast period (2021-2031) .

For more insight into the market, request a sample of this report – https://www.factmr.com/connectus/sample?flag=S&rep_id=2566

The retention of surgical sponges in a patient’s body is considered a serious medical error by the World Health Organization (WHO). Retained surgical sponge is the most dangerous among all due to severe complications. The sponge is easy to hold back because it is small, and once saturated with blood it is difficult to separate from the surrounding tissue.

There are no known methods to completely reduce the risk of retained sponges, although sponge detection systems can reduce the incidence rate. The increasing demand for sponge detection systems is mainly driven by the increasing need for control and preventive measures during surgery. Rising cases of emergency surgery, lack of awareness among surgeons, and favorable reimbursement policies are also driving the market growth.

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Important insights from the market study

Radio frequency detection systems are expected to achieve more than 41% revenue share of the market by 2031 and expand at a CAGR of 4.5% during the forecast period (2021-2031).
Sponge detection systems are commonly used in abdominal surgeries; with a forecast market share of 24.7% by the end of 2031, it will thus gain the largest share of all applications.
Among all end users, hospitals are expected to capture more than 46% of the market share as awareness of controlling the number of surgical sponges retained after surgeries has increased.
North America had a large share of the global sponge detection systems market in 2020 and a similar trend is expected to continue during the forecast period owing to the greater acceptance of advanced systems in healthcare facilities and the increase in healthcare spending in the region.
Manufacturers are actively involved in portfolio expansion and are collaborating with various companies to gain greater market share.
“Increasing technological advancements in sponge detection systems with increasing demand to reduce the risk of retained surgical sponges are expected to fuel market growth in the coming years,” says an analyst at Fact. MISTER.

Segments Covered in Sponge Detection Systems Market Insight
Technology
Computerized Sponge Counting Devices Radio
Frequency Sponge Detection Systems Radio Frequency
Identification Sponge Detection Systems
Modality Hand-
held Sponge Detection Systems Tabletop Sponge Detection Systems Product Type Sponge Detection Systems Body Scanners Room Scanners Application Sponge Detection Systems for Abdominal Surgery Sponge Detection Systems for General Surgery Sponge Detection Systems for Gastrointestinal Surgery Sponge Detection Systems
for Cardiac Surgery

Sponge Detection Systems for Gynecology & Obstetrics
Sponge Detection Systems for Orthopedics & Arthroscopy
Sponge Detection Systems for Neurology
End User
Sponge Detection Systems for Hospitals
Sponge Detection Systems for Clinics
Sponge Detection Systems for Ambulatory Surgical Centers

Access the research methodology created by experts –   https://www.factmr.com/connectus/sample?flag=RM&rep_id=2566

The regional analysis includes

North America (USA, Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, rest of LATAM)
EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic, etc.), Rest of Europe
CIS & Russia
Japan
Asia-Pacific excluding Japan (Greater China, India, South Korea, ASEAN countries, other APEJ)
Middle East and Africa (GCC countries, Turkey, Iran, Israel, South Africa, Rest of MEA)

The report includes the following Sponge Detection Systems market insights and assessments, which will be useful for all participants in the intradermal injections market:
• Data on recently introduced regulations and their impact on key industries and the demand for intradermal injections
• Latest industry analysis of avocado oil market with key analyses of Market Drivers, Trends and Influencing
Factors • Analysis of the key trends of the Sponge Detection Systems market and changing consumer preferences in key verticals.
• Changing demand and consumption of various products after intradermal injections
• Important trends underlining financing by key investors in numerous countries
• New investment opportunities in various types of technology and products or services
• Comprehensive data and competitive analysis of key players of Intradermal Injections
• Sales in the US Sponge Detection Systems market will continue to grow due to growing consumer confidence and economic recovery
• The demand forecast for Intradermal Injections in Europe remains stable as many countries like the UK, France and Germany focus on boosting growth

About us:

 

Market research and consulting agency with a difference! That’s why 80% of Fortune 1000 companies trust us with their most important decisions. While our experienced consultants use the latest technologies to uncover hard-to-find insights, we believe our USP is clients’ trust in our expertise. We cover a wide spectrum – from automotive & industry 4.0 to healthcare & retail. Our sales offices in the USA and Dublin, Ireland. Headquarters in Dubai, United Arab Emirates. Contact us with your goals and we are a competent research partner.

 

Contact:

 

US Sales Office:

11140 Rockville Pike

suite 400

Rockville, MD 20852

United States

Phone: +1 (628) 251-1583

Corporate headquarters:

Unit Number: AU-01-H Gold Tower (AU),

Lot number: JLT-PH1-I3A,

Jumeirah Lakes Towers,

Dubai, United Arab Emirates

Email: sales@factmr.com

Visit our website: https://www.factmr.com

Categories
Pharmaceutical

Half of Every Dollar Spent on Sponge Detection System is Captured by Radio-frequency Surgical Sponge Detection Systems: Fact.MR

The global sponge detection system market is poised to expand at a CAGR of 4.5% during the forecast period 2021 to 2031. The global demand increases at 5.7% year on year in 2021.

Radiofrequency detection systems will emerge as the top-selling technology in the market. Fact.MR predicts the segment to account for 46% of global sales of sponge detection systems through 2031.

The retained sponges during surgeries cause undesirable impacts on a patient’s health such as fistulas obstructions, bowels, readmission, prolonged hospital stay, reoperation, infection, and sometimes death.

The conventional method of preventing retention of surgical sponges is manual counting umpteen times before and a surgical procedure. This method cannot be completely trusted on because it is time-consuming and prone to human error.

Request Sample : https://www.factmr.com/connectus/sample?flag=S&rep_id=2566

Thus, novel technologies such as radio frequency sponge detection and identification and computer-assisted sponge count devices are highly sought-after to help in the prevention and detection of retained surgical sponges.

Rising cases of errors during emergency surgeries and lack of communication between surgical staff during a surgery might result in accidents. Thus the need for sponge detection systems has increases as healthcare professionals aim at curbing the risk of errors to offer precise patient care.

According to the Centers for Medicare and Medicaid Services (CMS), retained surgical items are knowns as “never events”, and CSM does not reimburse any additional medical care for treating diseases caused by retained surgical sponges. Thus, the sponge detection systems are expected to be very effective and useful during emergency surgeries.

 “Leading players in the global sponge detection systems are investing in developing cost-effective solutions to compete with the alternative options available in the market,” says the Fact.MR analyst.

Key Takeaways from Sponge Detection System Market Survey

  • The Australia market is expected to expand at a CAGR of 4.1% and hold market share of 58.8% in Oceania as the country is witnessing increased spending in healthcare sector.
  • China is likely to lead East Asia market with 47% market share in 2021 and rise at a CAGR of 4.6% through 2031 owing to rising awareness among surgeons and operating room staff about retained surgical sponges’ complications.
  • India will hold a significant share in the South Asia market with market value of US$6mn in 2021 due to large population base and large share of elderly population.
  • The North America market is expected to remain dominant, accounting for 30.1% of global sales.

Key Drivers

  • Government initiatives to ensure improved hospital stay and patient care are bolstering demand for sponge detection systems.
  • Availability of advanced healthcare facilities and continuous medical training to adhere to stringent government regulations is expected to boost sales of sponge detection systems.
  • The error of leaving surgical sponges inside a patient’s body causes pain and suffering. According to the report, in the U.S. alone, around 11 cases of surgical sponges are left inside a patient’s body, this causes the healthcare system an average annual cost of US$2.4bn. Focus on curbing such instances will create opportunities for growth of the market.

Key Restrains

  • The COVID-19 pandemic has resulted in shortage of manpower, research and development activities, commercial production, and lockdowns. This has decreased the sales of sponge detection systems significantly all across the globe.

Enquire Before Buyinghttps://www.factmr.com/connectus/sample?flag=EB&rep_id=2566

Competitive Landscape

Key players operating in the global sponge detection systems market are focusing on partnerships and acquisitions of smaller companies that are developing advanced sponge detection systems by incorporating radiofrequency. Manufacturers are actively adopting these strategies to expand their product footprint in postoperative surgical care sector.

For instance, Haldor Advanced Technologies Ltd. in 2018 secured a grant for its new key patent that represented continuous commitment to leadership and innovation of the RFID’s surgical items track and trace market in the U.S.

Haldor Advanced Technologies in 2016 installed ORLocate SPD system in hospitals in Sydney and Queensland, NSW.

The key manufacturers in the global sponge detection system market as profiled by Fact.MR are:

  • Stryker Corporation
  • Medtronic plc.
  • Haldor Advanced Technologies

More Valuable Insights on Sponge Detection System Market

Fact.MR, in its new report, offers an unbiased analysis of the global sponge detection system market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections in sponge detection system market with detailed segmentation:

Technology

  • Computer-assisted Sponge Count Devices
  • Radiofrequency Sponge Detection Systems
  • Radiofrequency Identification Sponge Detection Systems

Modality

  • Hand-held Sponge Detection Systems
  • Bench Top Sponge Detection Systems

Product Type

  • Sponge Detecting Systems
  • Body Scanners
  • Room Scanners

Application

  • Sponge Detection Systems for Abdominal Surgeries
  • Sponge Detection Systems for General Surgeries
  • Sponge Detection Systems for Gastrointestinal Surgeries
  • Sponge Detection Systems for Cardiac Surgeries
  • Sponge Detection Systems for Gynaecology and Obstetrics Surgeries
  • Sponge Detection Systems for Orthopedic & Arthroscopy
  • Sponge Detection Systems for Neurology

End User

  • Sponge Detection Systems for Hospitals
  • Sponge Detection Systems for Clinics
  • Sponge Detection Systems for Ambulatory Surgical Centers

Regions

  • North America
  • South America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Questions Covered in the Sponge Detection System Market Report 

  • The market survey also highlights projected sales growth for sponge detection system market between 2021 and 2031
  • The report offers insight into sponge detection system demand outlook for 2021-2031
  • Sponge detection system market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Sponge detection system market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

Read More Trending Reports of Fact.MR- https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/ 

Explore Fact.MR’s Comprehensive Coverage on Healthcare Domain:

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About Us:

Fact.MR research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),

Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers,

Dubai, United Arab Emirates

Email: sales@factmr.com

Visit Our Website: https://www.factmr.com

Categories
Pharmaceutical

Increasing Incidence Of Retained Surgical Items During Emergency Surgeries Is Creating Huge Opportunities For Sponge Detection System Suppliers 2021-31

According to a new report published by Fact.MR – a market research and competitive intelligence provider, the global sponge detection system market was valued at US$ 107 Mn in 2020, and is predicted to expand at a CAGR of 5.7% during the forecast period (2021–2031).

Retention of surgical sponges inside a patient’s body is considered a major medical error by the World Health Organization (WHO). Retained surgical sponge is the most dangerous among all due to complications of severe. The sponge gets easily retained since it is small in size, and once it gets soaked in blood, it is difficult to separate from the surrounding tissues.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2566

There are no known procedures to completely reduce the risk of retained sponges, though sponge detection systems can decrease the incidence rate. Growth in demand for sponge detection systems is mainly driven by increasing need for control and prevention measures during surgery. Rising cases of emergency surgeries, lack of awareness among surgeons, and favorable reimbursement policies are also driving market growth.

Key Takeaways from Market Study   

  • Radiofrequency detection systems are expected to gain more than 41% revenue share in the market by 2031 expanding at a CAGR of 4.5% over the forecast period (2021–2031).
  • Sponge detection systems are widely used during abdominal surgeries; thus it is gaining the largest share among all applications with a projected market share of 24.7% by the end of 2031.
  • Among all the end users, hospitals are expected to account for more than 46% of the market share, owing to rising awareness for controlling the number of retained surgical sponges after surgery.
  • North America held a major share in the global market for sponge detection systems in 2020, and a similar trend is expected to continue during the forecast period due to higher adoption of advanced systems in healthcare facilities and increase in healthcare expenditure in the region.
  • Manufacturers are actively involved in portfolio expansion and collaboration with various companies to gain a larger market share.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2566

sponge detection system market region by FactMR

Segments Covered in Sponge Detection System Market Insights

Technology

  • Computer-assisted Sponge Count Devices
  • Radiofrequency Sponge Detection Systems
  • Radiofrequency Identification Sponge Detection Systems

Modality

  • Hand-held Sponge Detection Systems
  • Bench Top Sponge Detection Systems

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Market Competition

Key players are competing to increase their market share, and continue to depend on collaborations, acquisitions, alliances, and product launches to provide access to new technologies in both, new and existing markets.

Key manufacturers are entering into strategic agreements with leading players to expand their product portfolios across countries.

Explore Fact.MR’s Coverage on the Healthcare Domain: 

Leukocyte Count Testing Market – According to the latest research by Fact.MR, the leukocyte count testing market is set to witness exponential growth with over 7%-8% CAGR during 2021-2031. Increasing bacterial infection with the growing adoption of point of care devices will witness a promising growth outlook for leukocyte count testing in the long run.

At-Home Celiac Testing Market – According to the Latest Research by the Fact.MR The Celiac Testing market is set to gain growth in the forecast period 2021-2031 at a CAGR of 8.0%. The Reason for the growth is The increase in prevalence of Celiac disease globally.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Visit Our Website: https://www.factmr.com

Categories
Pharmaceutical

Half of Every Dollar Spent on Sponge Detection System is Captured by Radio-frequency Surgical Sponge Detection Systems: Fact.MR

The global sponge detection system market is poised to expand at a CAGR of 4.5% during the forecast period 2021 to 2031. The global demand increases at 5.7% year on year in 2021.

Radiofrequency detection systems will emerge as the top-selling technology in the market. Fact.MR predicts the segment to account for 46% of global sales of sponge detection systems through 2031.

The retained sponges during surgeries cause undesirable impacts on a patient’s health such as fistulas obstructions, bowels, readmission, prolonged hospital stay, reoperation, infection, and sometimes death.

The conventional method of preventing retention of surgical sponges is manual counting umpteen times before and a surgical procedure. This method cannot be completely trusted on because it is time-consuming and prone to human error.

Request Brochure: https://www.factmr.com/connectus/sample?flag=B&rep_id=2566

Thus, novel technologies such as radio frequency sponge detection and identification and computer-assisted sponge count devices are highly sought-after to help in the prevention and detection of retained surgical sponges.

Rising cases of errors during emergency surgeries and lack of communication between surgical staff during a surgery might result in accidents. Thus the need for sponge detection systems has increases as healthcare professionals aim at curbing the risk of errors to offer precise patient care.

According to the Centers for Medicare and Medicaid Services (CMS), retained surgical items are knowns as “never events”, and CSM does not reimburse any additional medical care for treating diseases caused by retained surgical sponges. Thus, the sponge detection systems are expected to be very effective and useful during emergency surgeries.

 “Leading players in the global sponge detection systems are investing in developing cost-effective solutions to compete with the alternative options available in the market,” says the Fact.MR analyst.

Key Takeaways from Sponge Detection System Market Survey

  • The Australia market is expected to expand at a CAGR of 4.1% and hold market share of 58.8% in Oceania as the country is witnessing increased spending in healthcare sector.
  • China is likely to lead East Asia market with 47% market share in 2021 and rise at a CAGR of 4.6% through 2031 owing to rising awareness among surgeons and operating room staff about retained surgical sponges’ complications.
  • India will hold a significant share in the South Asia market with market value of US$6mn in 2021 due to large population base and large share of elderly population.
  • The North America market is expected to remain dominant, accounting for 30.1% of global sales.

Key Drivers

  • Government initiatives to ensure improved hospital stay and patient care are bolstering demand for sponge detection systems.
  • Availability of advanced healthcare facilities and continuous medical training to adhere to stringent government regulations is expected to boost sales of sponge detection systems.
  • The error of leaving surgical sponges inside a patient’s body causes pain and suffering. According to the report, in the U.S. alone, around 11 cases of surgical sponges are left inside a patient’s body, this causes the healthcare system an average annual cost of US$2.4bn. Focus on curbing such instances will create opportunities for growth of the market.

Key Restrains

  • The COVID-19 pandemic has resulted in shortage of manpower, research and development activities, commercial production, and lockdowns. This has decreased the sales of sponge detection systems significantly all across the globe.

Enquire Before Buyinghttps://www.factmr.com/connectus/sample?flag=EB&rep_id=2566

Competitive Landscape

Key players operating in the global sponge detection systems market are focusing on partnerships and acquisitions of smaller companies that are developing advanced sponge detection systems by incorporating radiofrequency. Manufacturers are actively adopting these strategies to expand their product footprint in postoperative surgical care sector.

For instance, Haldor Advanced Technologies Ltd. in 2018 secured a grant for its new key patent that represented continuous commitment to leadership and innovation of the RFID’s surgical items track and trace market in the U.S.

Haldor Advanced Technologies in 2016 installed ORLocate SPD system in hospitals in Sydney and Queensland, NSW.

The key manufacturers in the global sponge detection system market as profiled by Fact.MR are:

  • Stryker Corporation
  • Medtronic plc.
  • Haldor Advanced Technologies

More Valuable Insights on Sponge Detection System Market

Fact.MR, in its new report, offers an unbiased analysis of the global sponge detection system market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections in sponge detection system market with detailed segmentation:

Technology

  • Computer-assisted Sponge Count Devices
  • Radiofrequency Sponge Detection Systems
  • Radiofrequency Identification Sponge Detection Systems

Modality

  • Hand-held Sponge Detection Systems
  • Bench Top Sponge Detection Systems

Product Type

  • Sponge Detecting Systems
  • Body Scanners
  • Room Scanners

Application

  • Sponge Detection Systems for Abdominal Surgeries
  • Sponge Detection Systems for General Surgeries
  • Sponge Detection Systems for Gastrointestinal Surgeries
  • Sponge Detection Systems for Cardiac Surgeries
  • Sponge Detection Systems for Gynaecology and Obstetrics Surgeries
  • Sponge Detection Systems for Orthopedic & Arthroscopy
  • Sponge Detection Systems for Neurology

End User

  • Sponge Detection Systems for Hospitals
  • Sponge Detection Systems for Clinics
  • Sponge Detection Systems for Ambulatory Surgical Centers

Regions

  • North America
  • South America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Questions Covered in the Sponge Detection System Market Report 

  • The market survey also highlights projected sales growth for sponge detection system market between 2021 and 2031
  • The report offers insight into sponge detection system demand outlook for 2021-2031
  • Sponge detection system market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Sponge detection system market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

Explore Fact.MR’s Coverage on the Healthcare Domain –

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About Us:

Fact.MR Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com