United Kingdom Surgical Pledges Market Insights Forecasts to 2033

• The U.K. Surgical Pledges Market Size was valued at USD 14.5 Million in 2023.
• The Market is growing at a CAGR of 5.39% from 2023 to 2033
• The U.K. Surgical Pledges Market Size is expected to reach USD 24.5 Million by 2033

The United Kingdom Surgical Pledges Market is anticipated to exceed USD 24.5 Million by 2033, growing at a CAGR of 5.39% from 2023 to 2033. The growing incidence of cardiovascular disorders, the geriatric population, technological advancement in surgery, and investment in healthcare infrastructure are driving the growth of the surgical pledges market in the UK.     

Market Overview

Surgical pledges are non-absorbable synthetic patches that are made up of poly-tetra fluoro ethylene (PTFE). They reduce the possibility of tearing of sutures through tissue, indicated for use as suture supports. Surgical pledgets are utilized in general, vascular, and cardiac surgery, among other surgical procedures. The most common uses for them are as a material for replacing ventricular myocardium segments after resection, as well as a patch and suture buttress. The continuous innovations in the features for improving the safety and efficacy of surgical pledges are promoting market growth. Further, there is an increasing development of innovative medical devices with enhancing safety, effectiveness, and accessibility by the key market players. 

Report Coverage

This research report categorizes the market for the UK surgical pledges market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom surgical pledges market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK surgical pledges market.

Driving Factors

According to the report by the British heart foundation, almost 371,000 cardiac operations and procedures were completed in 2020. About 7.6 million people in the UK—4 million men and 3.6 million women—have heart and circulatory illnesses. The increasing prevalence of heart diseases in the country is responsible for driving the market. Further, the growing geriatric population is also driving the market owing to growing cases of age-related disorders. The technological advancements in surgery for gaining a high level of precision and efficiency are contributing to market expansion. In addition, investment in healthcare infrastructure by government and non-government organizations is propelling the market growth.

Restraining Factors

The high cost of surgical pledges and the lack of awareness about technological advancements in surgery are restraining the market growth for surgical pledges.

Market Segmentation

The United Kingdom Surgical Pledges Market share is classified into product type, application, and end-user.

• The synthetic segment dominates the UK surgical pledges market with a significant share in 2023.

The United Kingdom surgical pledges market is segmented by product type into synthetic and non-synthetic. Among these, the synthetic segment dominates the UK surgical pledges market with a significant share in 2023. Synthetic surgical pledges are reported to have a negligible risk of contraindications due to their lowest tissue reactivity as compared to natural ones. The ease of accessibility and affordability of synthetic surgical pledges are driving the market growth.

• The cardiac surgery segment dominates the market with a significant market share during the forecast period.

The United Kingdom surgical pledges market is segmented by application into cardiac surgery, thoracic surgery, and general surgery. Among these, the cardiac surgery segment dominates the market with a significant market share during the forecast period. Surgical pledges are used as buttress in cardiac surgeries, strengthening the suture line during aortic and mitral valve replacement procedures. The growing incidence of cardiovascular disorders with the rising geriatric population is contributing to driving the market.

• The hospitals segment dominates the UK surgical pledges market during the forecast period.       

Based on the end-user, the U.K. surgical pledges market is divided into hospitals, ambulatory surgical centers, and specialty centers. Among these, the hospitals segment dominates the UK surgical pledges market during the forecast period. Surgery is carried out in hospitals with the availability of postoperative care. The rise of multispecialty hospitals, an increase in hospital admissions, an increase in unintentional injuries, and reimbursement policies are driving the market in hospitals segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. surgical pledges market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Becton, Dickinson, and Company (BD)
• Ethicon, Inc.
• DeRoyal Industries, Inc.
• Medtronic plc
• Boz Medical
• Teleflex Incorporated
• Henry Schein Inc.
• Advanced MedTech Solutions Pvt. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2021, DeRoyal signed €1million partnership with Tyndall and RCSI SWaT researchers to transform compression wound therapy.

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Surgical Pledges Market based on the below-mentioned segments:

UK Surgical Pledges Market, By Product Type

• Synthetic
• Non-Synthetic

UK Surgical Pledges Market, By Application

• Cardiac Surgery
• Thoracic Surgery
• General Surgery

UK Surgical Pledges Market, By End-user

• Hospitals
• Ambulatory Surgical Centers
• Specialty Centers