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3. Johnson & Johnson Services, Inc. (US) and McKesson Corporation (US) are Leading Players in the Surgical Sponges Market

The surgical sponges market is expected to grow at a compound annual growth rate (CAGR) of 7.9% from its estimated USD 0.81 billion in 2024 to USD 1.19 billion by 2029. The growing number of surgeries conducted, the aging population and the increased incidence of chronic diseases are the main factors propelling the growth of the surgical sponges market. While development and adoption of biodegradable surgical sponges is an upcoming trend in the surgical sponges market.

The surgical sponges market is highly competitive, with top companies holding significant market shares. The top three players in this market include Johnson & Johnson Services, Inc. (US), Cardinal Health (US), and McKesson Corporation (US). Players in this market are focusing on adopting organic and inorganic growth strategies such as expansions, and acquisitions to increase their surgical sponges portfolio, cater to customer needs, increase their profitability and expand their presence in the global surgical sponges market.

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JOHNSON & JOHNSON SERVICES, INC. (US)

Johnson & Johnson Services, Inc. is a top player in the surgical sponges market with a highest market share in 2023. The company manufactures, and distributes a broad range of products in the healthcare industry. The company is present in various geographies such as in North America, Europe, the Middle East & Africa, and the Asia Pacific. It mainly distributes its products through wholesalers, retailers, and hospitals. The company has a strong brand value among surgical sponges end users, strong R&D capabilities, and a strong portfolio of products that are used in surgical procedures. The company invests a significant part of its revenue in R&D.The business has continuously increased its R&D expenditures in an effort to spur innovation in product creation. It set aside about USD 3.12 billion in 2023 especially for research and development in its MedTech business unit. Its ability to hold the top spot in the market is largely dependent on these investments.

MCKESSON CORPORATION (US)

As of 2023, McKesson Corporation (US) ranks as the second-largest player in the surgical sponges industry. As a diverse leader in the healthcare services sector, McKesson is committed to enhancing patient health outcomes worldwide. Its Medical-Surgical Solutions division serves a wide range of clients, including home healthcare agencies, physician offices, surgery centers, nursing homes, and hospital reference labs. In addition to its own premium product line, McKesson provides approximately 245,000 national brand medical-surgical products through an extensive distribution network throughout the United States. With such a wide range of products and a vast distribution network, McKesson is a major player in the surgical sponges market.

CARDINAL HEALTH (US)

In the surgical sponges market, Cardinal Health (US) is a prominent player, holding the third-largest share as of 2023. This multinational healthcare and medical supply company offers a wide range of goods and services. The company specializes in providing advanced solutions to healthcare providers, clinical laboratories, pharmacies, hospitals, ambulatory surgery centers, and patients. The company is present in North America, Europe, Asia-Pacific, and Latin America, providing healthcare products and services across these regions. This has contributed to its sustained leadership in the surgical sponges market.

Related Reports:

Surgical Sponges Market by Type (Laparotomy Sponges, Cotton Gauze), Material (Cotton, Rayon, PVA), Shape (Square, Rectangle), Sterility (Sterile, Non-sterile), Application (Neurosurgery, Laparotomy, ENT, General Surgery) - Global Forecast to 2029

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Mr. Rohan Salgarkar
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