Surgical Incision Closure Devices Market
Number of pages: 100 | Report Format: PDF | Published date: March 23, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 17.52 billion |
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Revenue Forecast in 2031 |
US$ 33.63 billion |
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CAGR |
7.51% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Type, Application, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global surgical incision closure devices market was valued at US$ 17.52 billion in 2022 and is expected to register a revenue CAGR of 7.51% to reach US$ 33.63 billion by 2031.
Surgical Incision Closure Devices Market Fundamentals
The primary goal of incision closure is to promote wound healing and prevent complications, such as infection, hematoma, and dehiscence. Various techniques are available for incision closure, including sutures, staples, and adhesive tapes. Sutures are the most common method of incision closure. The sutures can be absorbable or non-absorbable and can be placed either deep within the tissue or on the skin’s surface. Staples are another option for incision closure. They are typically used for larger incisions and offer a quicker closure than sutures. However, they can cause more pain and discomfort than sutures and may leave more visible scars. Adhesive tapes are a non-invasive option for incision closure. They are typically used for smaller incisions and offer a quick and easy closure. However, they are not as secure as sutures or staples and may be more prone to falling off or causing skin irritation.
The surgical incision closure industry is a mature market that has grown steadily in recent years. Factors driving market revenue growth include an aging population, an increasing prevalence of chronic diseases, and a rise in surgical procedures performed worldwide. In addition, advances in surgical techniques and technologies have increased demand for more advanced and effective incision closure products. Various surgical incision closure products are available in the market, including sutures, staples, and adhesive tapes. The market is highly competitive, with several major players competing for market share. Some of the key players in the market include Johnson & Johnson, Medtronic, B. Braun Melsungen AG, and 3M.
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Surgical Incision Closure Devices Market Dynamics
In recent years, the surgical incision devices closure market has seen exponential advancements for enhanced wound care therapies. These advancements are designed to improve healing times, the convenience of use, the cost, and the incidence of hospital-acquired illness. Minimally invasive stapling devices, on the other hand, can be utilized for endoscopic surgery operations to save time for healthcare practitioners. Moreover, the rising demand for sophisticated wound care devices among patients is expected to drive the surgical incision device closure market revenue growth.
With an increase in number of surgical procedures globally, the demand for surgical equipment and wound closure solutions has increased. The primary factors for the growth in the volume of surgical procedures are the rising rate of traffic accidents and the increasing prevalence of diabetes, necrotizing fasciitis, and cancer, which frequently result in complex wounds that are difficult to heal and require extensive care for longer periods. Moreover, chronic disorders necessitate surgery at some point, which boosts the market for such items. Furthermore, the increasing number of burn cases, the high frequency of injuries in low- and middle-income countries, and the rising number of diabetes patients worldwide are accelerating operations and boosting the demand for wound closure products.
Many organizations are increasingly prioritizing research and development efforts to minimize trauma and lower the risk of infection. Additionally, there is a strong emphasis on reducing hospital stays whenever feasible. Incisions must be correctly closed during surgery to preserve tissue integrity and restore normal functionality. The primary objective of surgery is to maintain hemostasis and close the wound internally and externally. Failing to seal the wounds adequately can lead to major medical complications, such as infection and scarring. This market’s expansion is also expected to be supported by the launch of technologically advanced incision closure solutions. Technological breakthroughs in hemostats, tissue sealants, and other devices offer several benefits, including a decreased risk of infection, fewer traumas, faster healing, and better aesthetic results, contributing to the market’s overall revenue growth significantly. Additionally, the increasing number of devices under development will likely generate lucrative opportunities for market participants.
The primary issue in the surgical incision device closure market is the high technical requirements for modern wound care devices. However, if the tissue is significantly injured, it will require external assistance to mend more rapidly. Technical support from highly experienced individuals is necessary to use the wound closure device properly for the wounds to heal quickly and safely. Inappropriate usage of incision closure devices can cause tissue injury, pain for the patient, and an increased risk of infection.
Surgical Incision Closure Devices Market Ecosystem
The global surgical incision closure devices market has been analyzed from three perspectives: product, application, and region.
Surgical Incision Closure Devices Market by Product
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Based on product, the global surgical incision closure devices market can be segmented into reusable surgical incision device closure and disposable surgical incision closure devices.
The disposable incision closure devices segment dominates the global market with the largest revenue share. Disposable incision closure devices are convenient for healthcare professionals. These devices are often more cost-effective than reusable devices as they do not require costly sterilization procedures or maintenance. This makes them a more attractive option for hospitals and healthcare facilities looking to reduce costs. Disposable devices are single-use, reducing the risk of infection and contamination with reusable instruments. The demand for disposable incision closure devices has increased over the years, driven by the need for advanced infection control measures and the number of surgical procedures performed worldwide. Manufacturers are continually improving their disposable incision closure devices, developing new materials and designs that enhance their performance and make them even more effective in closing surgical incisions.
Surgical Incision Closure Devices Market by Application
The global surgical incision closure devices market can be segmented based on application into esophagectomy, gastrectomy, colectomy, proctectomy, and others.
Esophagectomy is a surgical procedure that involves removing a segment of the esophagus, which is the muscular tube that connects the throat to the stomach. This procedure is typically used to treat esophageal cancer or other conditions that affect the esophagus. The esophagectomy segment dominates the global surgical incision closure market as this procedure involves a large incision in the chest or abdomen, which requires closure with specialized devices and techniques. The closure of this incision is critical to the surgery’s success and the patient’s recovery. Surgical incision closure devices facilitate the healing process and minimize the risk of complications, such as infection, bleeding, and dehiscence (wound separation). These devices include sutures, staples, and adhesives, among others. Esophagectomy is a complex and challenging procedure that requires a high level of surgical expertise and specialized equipment. Advanced surgical incision closure devices are essential to achieve a successful outcome and reduce the risk of complications. Moreover, esophagectomy is a relatively common procedure, and the incidence of esophageal cancer is increasing worldwide. This has led to a growing demand for surgical incision closure devices in this segment, contributing to its dominance in the global market.
Surgical Incision Closure Devices Market by Region
The global surgical incision closure devices market can be segmented based on the region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounts for the largest revenue share in the global market and is expected to retain its dominance during the forecast period. North America has a high demand for surgical incision closure products due to the presence of many hospitals, ambulatory surgical centers, and other healthcare facilities. The region has a highly developed healthcare system and invests heavily in developing new surgical incision closure technologies. This has led to the development of more effective and efficient, advanced closure devices than traditional methods. North America has a stringent regulatory framework for medical devices, which ensures that only high-quality and safe products are available in the market. This has helped establish trust among healthcare providers and patients and contributed to North America’s dominance in the global surgical incision closure market. North America has a large pool of highly skilled healthcare professionals trained in using surgical incision closure devices. This has helped create a favorable environment for adopting new technologies and products.
Asia Pacific is estimated to register lucrative revenue growth during the forecast period. The region has a large population base and is experiencing rapid economic growth, which has increased demand for surgical procedures. This has fueled the demand for surgical incision closure products. Several countries in the Asia Pacific region are investing heavily in improving their healthcare infrastructure, including building new hospitals and healthcare facilities. This has created a favorable environment for the revenue growth of the surgical incision closure market. As the disposable income of people in the Asia Pacific region increases, they are willing to spend more on healthcare, including surgical procedures. This has led to an increase in demand for surgical incision closure products. The Asia Pacific region has become a popular destination for medical tourism due to the availability of high-quality healthcare services at a lower cost. This has increased the demand for surgical procedures, which has, in turn, increased the demand for surgical incision closure products. With the increasing adoption of advanced technologies in the healthcare sector, there is a growing demand for surgical incision closure products that offer better outcomes and shorter recovery times. This has led to an increase in demand for advanced closure devices in the Asia Pacific region.
Surgical Incision Closure Devices Market Competitive Landscape
The prominent players operating in the global surgical incision closure devices market are:
Surgical Incision Closure Devices Market Strategic Developments
The global surgical incision closure devices market is expected to reach US$ 33.63 billion by 2031.
The lack of skilled professionals is a major restraint in the optimal revenue growth of this market.
The global surgical incision closure devices market is expected to register growth at a revenue CAGR of 7.51% during the forecast period from 2023 to 2031.
Some prominent players in the global surgical incision closure devices market are Johnson & Johnson, Medtronic Plc., 3M Co, and Medline Industries LP.
The global surgical incision closure devices market was valued at US$ 17.52 billion in 2022.
*Insights on financial performance are subject to the availability of information in the public domain