Surgical Incision Closures Global Market Report 2023: Non-Invasive Closure Products Draw Attention

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Mar 14, 2023, 19:15 ET

DUBLIN, March 14, 2023 /PRNewswire/ -- The "Surgical Incision Closures: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.



Global Surgical Incision Closures Market to Reach $30.4 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Surgical Incision Closures estimated at US$16.5 Billion in the year 2022, is projected to reach a revised size of US$30.4 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030.

Tissue Sealants, Adhesives & Topical Hemostats, one of the segments analyzed in the report, is projected to record 9.4% CAGR and reach US$14.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Suture Products segment is readjusted to a revised 7.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 12.2% CAGR

The Surgical Incision Closures market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 51 Featured) -

  • 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.
  • Teleflex Medical OEM

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Surgical Incision Closures - A Prelude
  • Recent Market Activity
  • Current and Future Analysis
  • Developing Markets Hold Strong Potential
  • Suture Products: Largest Individual Market
  • Staplers Compete with Sutures
  • Conventional Intracutaneous Sutures & Staples Lose Relevance Amid Surgical Procedure Innovation
  • Use of Adhesive and Sealants over Sutures
  • Tapes/Strips Simplify Closures
  • Gauging the Economic Benefits of Hemostats and Sealants
  • Biomaterials and Synthetic Materials Mark Metamorphosis
  • Market Gains from Increase in Cosmetic Surgeries
  • Growing Focus on Reducing Hospital Stays Lends Traction
  • Surgical Incision Closures - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Technological Advancements Drive Growth
  • Tissue Adhesives and Surgical Glues - A Potential Market
  • Non-Invasive Closure Products Draw Attention
  • Developments in Laparoscopy Call for New Product Advancements
  • Innovations in Sutures Sector Uphold Growth
  • Innovative Products Stabilize Growth in the Staplers Market
  • Nanotechnology in Incision Closures
  • Hemostatic Agents Gain Application to Control Blood Leakage
  • Synthetic Sealants - An Emerging R&D Domain
  • Fibrin Sealants Focus on Minimizing Risk of Infection

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

  • 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.
  • Teleflex Medical OEM

For more information about this report visit https://www.researchandmarkets.com/r/le3yrj

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