Fascial Closure System Market
Number of pages: 100 | Report Format: PDF | Published date: April 28, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 123.73 million |
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Revenue Forecast in 2031 |
US$ 242.42 million |
|
CAGR |
7.8% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Product Type, Indication, End User, 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 fascial closure system market was valued at US$ 123.73 million in 2022 and is expected to register a revenue CAGR of 7.8% to reach US$ 242.42 million by 2031.
Fascial Closure System Market Fundamentals
Fascial closure is the closure of the inner layers of the abdomen following a major operation requiring an abdominal incision. Fascial closure inhibits the production of hernias. There are two fascial closure techniques: Layered closure and Mass closure. Layered closure refers to the closure of each fascial layer separately. The fundamental advantage of this approach is the presence of several suture strands, which means that even if one thread breaks, the others are held together by the other sutures. It is a continuous fascial closure with a single suture. The equal distribution of stress over the whole length of the suture prevents tissue strangulation. Facial closure is typically used for abdominal cavity surgery and trauma.
A fascial closure is performed in three steps: fascial closure, subcutaneous closure, and skin closure. In fascial closure, nonabsorbable sutures are employed. With two clamps, the surgeon separates the fascial layer. Suturing is done with a looping synthetic substance called polydioxanone (PDS). The PDS is passed through the fascia tip by the surgeon. The surgeon then threads the needle into the loop to tie the knot. The surgeon subsequently stitches up the incision. An adequate amount of stress should be applied without strangulating the tissues. When the surgeon reaches the middle of the incision, he or she begins to stitch the other end of the incision. When the two ends are 1 cm apart, the surgeon makes 6-10 knots to secure them. Intraoperatively, the device is connected by introducing needles parallel to the wound margins. The purpose of these needles is to disperse tension pressures over the length of the incision. The device's gauges measure the applied stresses, guaranteeing safe and lasting skin stretching. The device enables the surgeon to use the skin's natural viscoelastic qualities by mechanically stretching it and allowing it to relax under stress; the surgeon then has enough skin to affect an appropriate closure.
Closure of the subcutaneous layer After sealing the fascial layer, the surgeon seals the abdominal wall's subcutaneous layer. Because the subcutaneous layer has a restricted blood supply, it is more susceptible to infection. Subcutaneous closure is used to avoid fluid collection (seroma). The incision may be stitched continuously or intermittently by the surgeon. The surgeon then seals the skin with a stapler or sutures as a last step. The surgeon may also employ sticky tapes or synthetic glues to cover the wound.
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Fascial Closure System Market Dynamics
New and emerging skin closure systems have prejudged the demand in the present day for satisfactory outcomes. The growing number of surgical operations, trauma cases, sports injuries, accidents, and other wound-related applications propels the total skin closure system market. Quantitative usage of innovative skin closure applications typically lowers healthcare costs and focuses on patient-centered treatment. Furthermore, it has a significant influence on industry base cost reductions. Manufacturers are developing novel strips/glue and short cables to enhance patient outcomes and decrease hospital stays.
These fascial tissue closures are now producing a competitive market in order to keep patients healthy and reduce costs by avoiding unnecessary hospitalizations. Other major reasons that will drive the market in the future include high unmet patient requirements, the development of innovative products, and the building of distribution/sales networks by key companies in the fascial closure system industry. However, certain fascial closure techniques exhibit poor adhesive quality and need more applicability. In any event, the high cost of these adhesives, low quality, demanding regulatory regulations, and limited availability of innovative adhesive technologies in developing areas pose significant challenges to the growth of the skin closure system market over the projection period.
However, challenges such as a lack of knowledge and insufficient funding are predicted to hinder demand for fascial closure devices and sales. Stringent restrictions and rising surgical expenses are projected to reduce demand for fascial closure systems, reducing the market share of fascial closure systems. Because of the increased need for minimally invasive surgery, abdominal closure solutions for port and trocar sites following laparoscopic operations are in high demand. The tension surrounding the wound is greatly decreased with the development of abdominal closure systems such as neoClose by neoSurgical, compared to more traditional closure procedures, bode well for the sales of abdominal closure systems. The total demand for abdominal closure systems is increasing since certain abdominal closure systems for trocar sites come with self-anchoring devices, removing the requirement for graspers or retrievers. Medtronic and Teleflex are two competitors that provide abdominal closure devices for port and trocar sites.
Fascial Closure System Market Ecosystem
The global fascial closure system market is analyzed from the following perspectives by Product type, indication, end user, and region.
Fascial Closure System Market by Product Type
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Based on the product type, the global fascial closure system market is segmented into laparoscopy abdominal closer system devices, and traction system.
The laparoscopy abdominal closer system devices are likely to show significant growth during the forecast period. The growing need for minimally invasive laparoscopic equipment is propelling this industry forward. Because of the lessened trauma they inflict, minimally invasive surgical approaches are becoming increasingly common.
Fascial Closure System Market by Indication
Based on the indication, the global fascial closure system market is segmented into trauma surgery, laparoscopy, and transplantation surgery.
The laparoscopy segment is likely to dominate the market during the forecast. Laparoscopic surgery is becoming more popular in recent years due to its numerous advantages, including shorter hospital stays, decreased blood loss, and lower patient morbidity, as well as offering quick recovery time, rapid and successful outcomes, low risk of infection, small or no incision, and less pain. Because the demand for laparoscopic surgery is increasing, the demand for laparoscopic devices is expected to rise during the forecast period.
The factors driving the market's growth are a rise in the number of patients suffering from health issues such as uterine fibroids, endometriosis, and an increasing number of hysterectomy & myomectomy procedures, and increasing knowledge about the improving healthcare infrastructure in emerging economies. Furthermore, supporting government policies and legislation encourage the growth of the laparoscopic device market. Moreover, several nations have favorable reimbursement rules, which are expected to boost sales of the laparoscopic segment in those countries. Laparoscopic device applications are growing due to a significant increase in global elderly demographics and the expansion of energy systems, increasing availability and affordability.
Fascial Closure System Market by End User
Based on the end user, the global fascial closure system market is segmented into hospitals, ambulatory surgical centers, and trauma & emergency centers.
The hospital segment is likely to dominate the market during the forecast period. This segment's expansion may be ascribed mostly to an increase in the number of patients suffering from various chronic conditions and an increase in surgical operations. Compared to other healthcare settings, hospitals see a substantially higher inflow of patients for bariatric surgeries or other laparoscopic procedures, owing to the ease of managing any emergencies that may arise during surgical procedures and the accessibility of a wide range of treatment options in such facilities.
Fascial Closure System Market by Region
The global fascial closure system market is segmented based on region: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America and Europe are expected to dominate the fascial closure systems market. Increased acceptance of modern technologies and healthcare costs drive demand for fascial closure systems. Sales of fascial closure systems are increasing due to increased awareness in these regions, which are some of the main reasons driving the growth of the fascial closure systems market. Additionally, the main factor driving the market is the increasing reliance on laparoscopic operations over open surgery. Furthermore, product innovation competition among important competitors will have an influence on the market for the laparoscopic device. Additionally, surgeons are now favoring laparoscopy abdominal closer system over standard procedures since it allows for faster recovery and a better outcome.
The growth in the number of trauma patients and the development of laparoscopic surgery in nations such as China and India resulted in massive sales of abdominal closure devices in the region. As a result, the Asia Pacific fascial closure systems market is predicted to rise rapidly. The region's market is projected to be driven by technological advances, investment, improved reimbursement situations, and increased medical tourism. Affordable equipment, a surge in mergers and acquisitions, and government measures to improve healthcare services are further driving factors for the country.
Fascial Closure System Competitive Landscape
Companies who recognize market trends and connect their operations with them are more likely to achieve a significant market share for fascial closure systems. As a consequence of continual innovation, sales of abdominal closure systems are rising. In the post-pandemonium age, most fascial closure systems firms operate with a feeling of urgency and customer focus on fulfilling consumer demand for fascial closure systems.
Efforts are being undertaken to cut costs across multiple value chain segments so that abdominal closure devices may be sold at competitive pricing. Long-term demand for fascial closure systems will be determined by continuing innovation and customer-focused initiatives and upgrading and expanding production. Some of the prominent market players in the global fascial closure systems market include,
Fascial closure is the closure of the inner layers of the abdomen following a major operation requiring an abdominal incision. Fascial closure inhibits the production of hernias. There are two types of fascial closure techniques: Layered closure refers to the closure of each fascial layer separately.
North America the key growth region in the global fascial closure system market.
The estimated market size of the fascial closure system market in 2031 will be 243.24 million.
The revenue CAGR of the fascial closure system market during the forecast period will be 7.8%.
Some prominent market players in the global fascial closure systems market include ACell Inc., AbClo, and Medtronic.
*Insights on financial performance are subject to the availability of information in the public domain