The Global Market for Surgical Incision Closures is Projected to Reach US$21.9 Billion by 2024
Rise in Surgical Procedure Volumes and
Technology Advancements to Drive the Surgical Incision Closures Market,
According to a New Report Update by Global
Industry Analysts, Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size, and demand forecasts on the global Surgical Incision
Closures market. The
global market for Surgical Incision Closures is projected to reach US$21.9 billion by 2024, primarily driven
by factors including increasing adoption of minimally invasive treatments,
growing surgical procedure volumes across the globe, as well as development of
improved incision closure products.
Effective
closure of surgical incisions, including wounds, tears and leaks is critical in
post-surgical procedures to sustain tissue integrity and regain anatomical
function. Developments in the surgical incision closures segment are hence
influenced by the principles of surgery including effective hemostasis,
adequate blood supply and appropriate handling of tissue for better and safer
surgical results. Growing number of surgical procedures as well as increasing
popularity for minimally invasive treatments across the globe continue to
generate strong demand for surgical incision closures. Growth in the market is
primarily driven by macro trends such as rise in aging population, increase in
incidence of chronic diseases that require surgical intervention, and rise in
number of patients with comorbidities. Increasing incidence of chronic diseases
such as cancers, gastro-intestinal (GI) tract diseases, not only among the
elderly but also in younger population categories, has enhanced the need for
reconstructive surgeries thus generating a need for surgical incision closures.
Also the rise in number of comorbities is driving surgical bleeding risk
thereby driving the demand for effective incision closure products with
improved outcomes.
With
clinicians showing marked interest in reducing operation time, cutting
operational costs, and enhancing patient comfort, advanced wound closure devices
are gaining preference over traditional products. Developments in the surgical
incision closures market are driven by challenges posed by the general shift
towards minimally invasive procedures and demand specific to various surgical
disciplines centered on reducing infection rates as well as providing faster
healing time, effective hemostasis and microbial barriers. With surgical site
infection (SSI) touted as a
source of major complications in surgeries such as digestive tract surgery,
demand is on rise for effective surgical incision closure products. Hemostats, tissue sealants, and adhesives
represent the fastest growing segment in the surgical incision closures market,
mainly due to their improved clinical outcomes and economic benefits. Hemostatic agents, akin to fibrin glues, are increasingly
becoming popular to plug any possible blood leakage by rapidly clotting blood
at the wound site. At present,
surgical glues are drawing significant interest, which is expected to further
intensify in the coming years, as these glues offer a simple, fast and
effective means of surgical wound closure. In addition, the application of
surgical glue results in reduced costs and better post-operative wound
management through elimination of repeated visits to hospitals. Growth in the staplers
market remains afloat driven by development of new surgical
staplers aimed at optimizing efficiencies and minimizing trauma and tissue
handling and reducing foreign material exposed to the bloodstream. Some of the
new advancements offer surgeons better hold of the tissue that enable easy
adjustment during the procedure.
As
stated by the new market research report on Surgical
Incision Closures, the United States represents the largest market worldwide. Asia-Pacific represents the fastest growing
market at a CAGR of 8.8% over the analysis period. Growth in the region is led by national and
political level focus on healthcare quality, increase in number of surgical procedures, rise in incidence of chronic
diseases, growing population
of surgeons.
Major
players in the market include 3M HealthCare, Abbott Laboratories, Advanced
Medical Solutions Group Plc, Aesculap AG & Co.KG, Baxter International
Inc., CP Medical Inc., Derma Sciences Inc., Ethicon Endo-Surgery Inc.,
Medtronic Inc., Smith & Nephew, Surgical Specialties Corporation (US) Inc.
and Teleflex Medical OEM, among others.
The
research report titled "Surgical
Incision Closures: A Global Strategic Business Report" announced by
Global Industry Analysts, Inc., provides a comprehensive review of trends,
issues, strategic industry activities of major companies worldwide. The report
provides market estimates and projections for geographic markets such as the
US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest
of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America
(Brazil and Rest of Latin America) and Rest of World. The report analyzes the
market by product segments - Stapler Products (Internal Staplers, Skin
Staplers, Surgical/Ligature Clips and Vascular Clips); Suture Products; Hemostats,
Tissue Sealants & Adhesives; and Tape Closures.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138,
USA, All Rights Reserved.
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