Surgical Sponge Market to Reach $3.7 Billion Globally by 2032 at 5.8% CAGR: Allied Market Research [Yahoo! Finance]
Johnson & Johnson (JNJ)
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projected to drive the global surgical sponge market's growth during the forecast period. The North America region is predicted to witness prominent growth by 2032. Wilmington, New Castle, Delaware, April 18, 2024 (GLOBE NEWSWIRE) -- Allied Market Research has recently published a report, titled, “ Surgical Sponge Market Size , Share, Competitive Landscape and Trend Analysis Report by Type, by End user : Global Opportunity Analysis and Industry Forecast, 2023-2032 .” According to the report, the global surgical sponge market generated $2.2 billion in 2022, and is anticipated to generate $3.7 billion by 2032, rising at a CAGR of 5.8% from 2023 to 2032. Prime Determinants of Growth The growing number of surgical procedures, increasing prevalence of chronic diseases, and the ongoing rise in global healthcare expenditure are the factors expected to drive the growth of the global surgical sponge market in the forecast period from 2023 to 2032. However, the development of alternative
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