Press release
Surgical Wound Closure Devices Market Size to Reach Revenues of 8.4 Billion by 2026 - Arizton
The global surgical wound closure devices market by revenue is expected to grow at a CAGR of approx. 6% during the period 2021–2026.The wound closure devices market has been adversely affected since the breakout of the COVID-19 pandemic. Over 28 million planned surgeries across the world have been canceled due to the outbreak of the pandemic, which has significantly truncated the growth of wound closure devices. It is anticipated that the global surgical wound closure devices market will witness a higher Y-o-Y growth rate in the second half of the forecast period (2021−2026) due to the flattening of the COVID-19 curve and steady resumption of elective procedures post-COVID-19 era. In 2020, surgical sutures and needles accounted for over 41% of the global surgical wound closure devices market share. With the increase in surgeries conducted across the globe, the demand for sutures is increasing. Despite the availability of substitutes such as staples, glues, and strips, the demand for suture materials is growing. The introduction of antimicrobial wound dressing is also likely to influence market growth.
The following factors are likely to contribute to the growth of the surgical wound closure devices market during the forecast period:
• The shift toward Non-invasive Wound Closure Devices
• Introduction of Next Generation Wound Closure Devices
• Increase in Non-essential Surgeries
• Increasing Popularity of Natural Surgical Sealants
The study considers the present scenario of the surgical wound closure devices market and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
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Surgical Wound Closure Devices Market – Vendor Landscape
Prominent 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
Surgical Wound Closure Devices Market – Segmentation
Product
• Surgical Sutures
• Surgical Stapling Devices
• Surgical sealants and adhesives
• Surgical Strips
End-user
• Hospitals
• Special Medical Facilities
• Others
Patient Group
• Adult
• Pediatric
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
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Surgical Wound Closure Devices Market – Table of Contents
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Product
4.4.2 Market Segmentation by Patient Group
4.4.3 Market Segmentation by End-User
4.4.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Market Opportunities & Trends
8.1 Shifting End-Users Preference Toward The Usage Of Non-Invasive Wound Closure Devices
8.2 Introduction of Next Generation Surgical Wound Closure Devices
8.3 Increased Product Launches
9 Market Growth Enablers
9.1 Increase In The Number Of Non-Essential Surgeries
9.2 Favorable Patient Demographics & Increased Focus On Surgical Intervention
9.3 Growing Popularity of Natural Surgical Sealants
10 Market Restraints
10.1 Impact of Covid-19 On Surgical Wound Closure Devices
10.2 Complications Associated with Surgical Wound Closure Devices
10.3 Safety Concerns Coupled with Product Recalls
11 Market Landscape
11.1 Market Overview
11.1.1 COVID-19 Impact on Global Surgical Wound Closure Devices Market
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Surgical Sutures & Needles
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Absorbable Sutures
12.3.4 Non-absorbable Sutures
12.3.5 Surgical Sutures & Needles: Geography Segmentation
12.4 Surgical Stapling Devices
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Powered Surgical Stapling
12.4.4 Manual Surgical Stapling
12.4.5 Surgical Stapling Devices: Geography Segmentation
12.5 Surgical Sealants & Adhesives
12.5.1 Market Overview
12.5.2 Synthetic Adhesives
12.5.3 Market Size & Forecast
12.5.4 Surgical Sealants & Adhesives: Geography Segmentation
12.6 Surgical Wound Closure Strips
12.6.1 Market Overview
12.6.2 Market Size & Forecast
12.6.3 Surgical Wound Closure Strips: Geography Segmentation
13 Patient Group
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Adults
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Adults: Geography Segmentation
13.4 Pediatrics
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Pediatrics: Geography Segmentation
14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Hospitals
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Hospitals: Geography Segmentation
14.4 Specialty Medical Facilities
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Specialty Medical Facilities: Geography Segmentation
14.5 Other End-Users
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Other End-users: Geography Segmentation
15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 North America: Product Segmentation
16.4 North America: Patient Group Segmentation
16.5 North America: End-User Segmentation
16.6 Key Countries
16.6.1 US: Market Size & Forecast
16.6.2 Canada: Market Size & Forecast
17 Europe
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Europe: Product Segmentation
17.4 Europe: Patient Group Segmentation
17.5 Europe: End-User Segmentation
17.6 Key Countries
17.6.1 Germany: Market Size & Forecast
17.6.2 France: Market Size & Forecast
17.6.3 UK: Market Size & Forecast
17.6.4 Italy: Market Size & Forecast
17.6.5 Spain: Market Size & Forecast
18 APAC
18.1 Market Overview
18.2 Market Size & Forecast
18.3 APAC: Product Segmentation
18.4 APAC: Patient Group Segmentation
18.5 APAC: End-User Segmentation
18.6 Key Countries
18.6.1 China: Market Size & Forecast
18.6.2 Japan: Market Size & Forecast
18.6.3 India: Market Size & Forecast
18.6.4 South Korea: Market Size & Forecast
18.6.5 Australia: Market Size & Forecast
19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Latin America: Product Segmentation
19.4 Latin America: Patient Group Segmentation
19.5 Latin America: End-User Segmentation
19.6 Key Countries
19.6.1 Brazil: Market Size & Forecast
19.6.2 Mexico: Market Size & Forecast
19.6.3 Argentina: Market Size & Forecast
20 Middle East & Africa
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Middle East & Africa: Product Segmentation
20.4 Middle East & Africa: Patient Group Segmentation
20.5 Middle East & Africa: End-User Segmentation
20.6 Key Countries
20.6.1 Turkey: Market Size & Forecast
20.6.2 South Africa: Market Size & Forecast
20.6.3 Saudi Arabia: Market Size & Forecast
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About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707
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