Surgical Wound Closure Devices Market Size to Reach Revenues of USD 8.4 Billion by 2026 - Arizton

CHICAGO, Feb. 9, 2021 /PRNewswire/ -- The global surgical wound closure devices market is expected to grow at a CAGR of approximately 6% during the period 2020-2026.

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Key Highlights Offered in the Report:

    1. COVID-19 has drastically disrupted the surgical wound closure market,
       large number of elective surgeries are postponed, and only emergency
       surgeries are being conducted in the hospitals as majority of the
       hospitals are focused on treating COVID-19 patients.
    2. North America accounted for the largest share of around 36% in the global
       surgical wound closure devices market and the US was a major revenue
       contributor in the region.
    3. Hospitals accounted for the largest share of approximately 44% in the
       market. Majority of the surgeries take place in the hospitals; they are
       major consumers of the surgical wound closure devices.
    4. The surgical sutures and needles dominated the segment. However, there is
       a huge demand for the non-invasive surgical wound closure devices such as
       surgical sealants and surgical wound closure strips. They are easy to use
       and patient friendly and majority of the end-users are shifting towards
       the usage of these devices from conventional surgical wound closure
       devices. The surgical sealant is expected to grow at a CAGR of over 7%.
    5. The adult segment accounted for the largest share, as large numbers of
       elective surgeries are conducted in the adult patients.

Key Offerings:

    --  Market Size & Forecast by Revenue | 2020-2026
    --  Market Dynamics - Leading trends, growth drivers, restraints, and
        investment opportunities
    --  Market Segmentation - A detailed analysis by product, end-user, patient
        group, and geography
    --  Competitive Landscape - 4 key vendors and 30 other vendors

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Surgical Wound Closure Devices Market - Segmentation

    --  The introduction of antimicrobial wound dressing is also likely to
        influence market growth. Surgical stapling devices are crucial as they
        help maintain hemostasis, prevent leakage, and preserve vascularization.
        These devices are increasingly preferred as they heal wounds quickly,
        offer minimal tissue reaction, and involve low infection risk.
    --  Specialty medical centers have transformed the landscape of healthcare,
        providing patients with an alternative to traditional hospitals. They
        are widely regarded for the quality of care, low infection rates, and
        high recovery outcomes. The usage of staplers, sutures, adhesives, and
        wound closure strips is higher among specialty hospitals. Specialty
        hospitals have experienced medical staff and offer specialized
        treatments using advanced surgical equipment to patients.
    --  Adults dominate the wound closure devices market as a significant
        proportion of the human population undergoes surgical procedures at a
        point in life. The segment is expected to grow as adults are more
        susceptible to accidents, mishaps, and diseases. North America and
        Europe are expected to contribute maximum revenues due to the high
        number of surgeries in these regions.

Surgical Wound Closure Devices Market by Product

    --  Surgical Sutures
    --  Surgical Stapling Devices
    --  Surgical Sealants and Adhesives
    --  Surgical Strips

Surgical Wound Closure Devices Market by End-user

    --  Hospitals
    --  Special Medical Facilities
    --  Others

Surgical Wound Closure Devices Market by Patient Group

    --  Adult
    --  Pediatric

Surgical Wound Closure Devices Market - Dynamics

The wound closure devices play a significant role in every wound care and surgical procedures. The majority of the wound closure devices distribute tension along the entire incision, adding uniform strength to the incision and preventing the skin gap from forming when the skin is stressed. This is especially important in preventing the entry of pathogens into the wound. Furthermore, advancements in wound closure devices have enhanced the process of efficient healing of wounds compared to traditional old methods. One such advancement includes the introduction of minimally invasive and non-invasive wound closure devices in the market. The non-invasive skin closure device allows for the quick and easy closure of surface wounds and the final stage of surgical incisions with no puncturing or crushing of the skin.

Key Drivers and Trends fueling Market Growth:

    --  Introduction of Next Generation Wound Closure Devices
    --  Increased Product Launches
    --  Increase in Number of the Non-Essential Surgeries
    --  Favorable Patient Demographics & Increased Focus on Surgical
        Intervention

Surgical Wound Closure Devices Market - Geography

The number of surgeries performed in North America is increasing owing to the developed healthcare infrastructure and consistent increase in the geriatric population. This has drastically increased the patient pool requiring effective treatment and surgical procedures to be carried out, which is anticipated to propel the market growth. Benefits such as no cut or incision on body parts, less or no blood loss, enhanced patient care and overall improved patient experience associated with non-invasive surgical procedures are expected to further spur the market growth in the upcoming years. The chances of hospital-acquired infections are also minimal with non-invasive surgeries. This, in turn, has boosted the demand for non-invasive surgical procedures.

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Surgical Wound Closure Devices Market by Geography

    --  North America
        --  US
        --  Canada
    --  Europe
        --  UK
        --  Germany
        --  France
        --  Italy
        --  Spain
    --  APAC
        --  China
        --  India
        --  Japan
        --  South Korea
        --  Australia
    --  Latin America
        --  Mexico
        --  Brazil
        --  Argentina
    --  Middle East & Africa
        --  Saudi Arabia
        --  Turkey
        --  South Africa

Major Vendors

    --  3M
    --  Medtronic
    --  B. Braun Melsungen
    --  Johnson & Johnson

Other Prominent Vendors

    --  Adhesys Medical
    --  Baxter
    --  BD
    --  BSN Medical
    --  Cardinal Health
    --  Changzhou Haida Medical Equipment
    --  Cohera Medical
    --  CONMED
    --  CryoLife
    --  DermaRite
    --  Farmaceutica International
    --  Frankenman International
    --  Grena
    --  GPC Medical
    --  Intuitive Surgical
    --  Integra LifeSciences
    --  HARTMANN
    --  Meril Life Sciences
    --  Medline
    --  Ocular Therapeutix
    --  ORION SUTURES
    --  Péters Surgical
    --  Purple Surgical
    --  Reach Surgical
    --  Sealantis
    --  Smith+Nephew
    --  Stryker
    --  Teleflex
    --  Waston Medical Appliance
    --  Welfare Medical

Explore our healthcare & lifesciences profile to know more about the industry.

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