Rising Number of Patient Pool to Impact the Surgical Incision Closure Devices Market

01 April 2021

Wound closure is essential as an open wound can lead to infection. Based on the duration of wound healing, wounds can be acute or chronic. With the increasing prevalence of acute and chronic diseases worldwide, the number of surgical procedures is surging, thereby, resulting in high usage of surgical incision closure devices market. In the wound care division, the surgical wound closure devices market is one of the major segments. The rising target patient pool with various acute and chronic diseases requiring surgical interventions across the world is expected to fuel the demand for several wound care products. The market is classified into surgical sutures and needles, surgical stapling devices, surgical sealants and adhesives, and surgical wound closure strips. Based on the patient groups, the market is segmented into adults and pediatrics patient population. In 2020, the surgical sutures segment accounted for the largest share of over 41% in the global market.

The major players in the surgical wound closure devices market are 3M, Johnson & Johnson, Medtronic, and B. Braun Melsungen. Currently, these companies are collectively accounting for significant shares in the global surgical wound closure devices market. Moreover, several global players are focusing on acquiring regional players to gain the market share in the particular region. This helps the players to expand their reach and product portfolio in the global market via attracting a greater number of customers.

Read: Surgical Wound Closure Devices Market Global Outlook and Forecast 2021-2026

Introduction of Next Generation Surgical Wound Closure Devices

With the robust development in wound treatment procedures in the medical industry, several surgical incision closure devices market players are introducing highly advanced wound closure devices. Some of the next generation surgical incision closure devices include flexible wound closure strips, smart sutures, antimicrobial skin closures, elastics skin closure, topical skin adhesives, and reinforced skin closures. The advanced surgical incision closure devices deliver more efficient closing and healing of wounds as compared to conventional variants. The 3M Steri-Strip is the antimicrobial skin closure device from 3M, which acts as an effective solution against the risk of SSIs, the second most hospital-acquired infection.

 BioGlue from the CryoLife is a polymer consisting of bovine blood protein and an agent for cross-linking proteins, which was developed for use in cardiac, vascular, pulmonary, and general surgical applications. The increasing advancements in next-generation surgical wound closure devices in minimally invasive surgeries, surgical incisions, lacerations, non-invasive surgical skin, and cosmetic surgery are expected to boost the sutures market in the coming years. Teleflex, Baxter, Integra Life Sciences, and BD are some of the other prominent players. These players are also engaged in developing innovative products to gain regular approvals for their products.

Geographical Expansion by Players in the Surgical Incision Closure Devices Market

The large number of surgeries performed in the European region is driving the demand for surgical incision closure devices market. There is a boom in medical tourism in countries such as India. Patients across the globe visit India to take surgeries at an economical cost. The western patients usually get a package deal that includes flights, transfers, hotels, treatment and often a post-operative vacation. Patients can have hip surgery, open-heart surgery, knee replacements, dentistry, bone marrow transplants, cancer therapy or even pediatric heart surgery. Thereby, propelling the demand for surgical incision closure devices market in the APAC region.

In Australia, one in four hospitalizations requires surgery. Approximately 2.7 million surgeries are performed annually in the country. Majorly around 59% of these surgeries occur in private hospitals. The surgical wound closure devices market in Australia is expected to reach over USD 220 million in the coming years. Arizton estimated that by 2030, around 17% of the population will be under pension coverage, this in turn, will give them access to undergo surgeries. This is expected to propel the growth of the of the Latin America surgical incision closure devices market in the near future.

Read: Antimicrobial Wound Dressings Market Global Outlook and Forecast 2021-2026 

FAQs about the Surgical Incision Closure Devices Market:

Q. What is the market size of the surgical incision closure devices?

A. The surgical incision closure devices market size to be valued at USD 8.4 billion by 2026.

Q. What is the market growth of surgical incision closure devices?

A. The surgical incision closure devices market is projected to grow at a CAGR of around 6% during the forecast period.

Q. What is the market segmentation of the surgical wound closure devices?

A. The market is segmented by product type, end-user, patient group, and geography.

Q. What is the market insight of the surgical wound closure devices?

A. Specialty medical centers are likely to witness the fastest growth during the forecast period as these centers offer high-quality medical care, low risk of infections, and fast recovery time.

Q. What are the major regions in the surgical wound closure devices?

A. The leading regions in the surgical wound closure devices market include North America, Europe, APAC, Latin America, and MEA.

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