Demand for Advanced Wound Closure Products to Drive the Market for Surgical Incision Closures, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 07, 2013 -- Follow us on LinkedIn. Effective closure of surgical incisions is an essential post-surgical process to regain anatomical function and tissue integrity. As failure to close surgical incision can lead to critical and severe scarring, infection, and other complications, a broad spectrum of devices have been developed for surgical closure of tissue. Wound care products have evolved over the years from traditional to advanced and active therapy devices driven by increasing volume of surgical procedures in disciplines such as cardiology, obstetrics/gynecology, ophthalmology, orthopedics, and plastic surgery. Minimally invasive surgery, typically associated with smaller incision sites, has exerted a deep impact on demand for all types of wound closure products.
Developments in the surgical incision closures market is defined by the principles of surgery including effective hemostasis, adequate blood supply and appropriate handling of tissue for better and safer surgical results. Advanced wound closure technologies, which include tissue sealants, hemostats, adhesives and adhesion prevention products, are expected to generate attractive business opportunities. These products offer efficient wound healing mechanism as well as minimize the risk of post-surgical complications. With new innovations in pipeline, demand for advanced wound closure products is set to expand further in the coming years. Sutures represents the largest market segment and is expected to maintain dominance owing to effervescent product development efforts. Recently developed barbed suture technology, for instance, is designed for challenging procedures such as endoscopic surgeries where knot tying remains a difficult task.
Tissue Sealants represents the fastest growing market segment backed by benefits such as reduced recovery time, less trauma, and superior cosmetic outcomes. Innovation in tissue sealants is helping open up newer growth avenues for players in the market. Hemostatic agents given their rapid blood clotting properties are increasingly becoming popular to prevent the risk of blood leakage at the wound site. Introduction of innovative hemostats with novel product chemistries such as collagen, gelatin, thrombin, and oxidized regenerated cellulose bases is expected to drive adoption in high-risk surgeries.
As stated by the new market research report on Surgical Incision Closures, the United States constitutes the largest market worldwide, led by the rise in number of surgical procedures for orthopedic and cardiovascular conditions. Increasing number of cosmetic surgeries, technological advancements, and aging population also represent other factors driving growth. Asia-Pacific is forecast to register the fastest CAGR of 8% over the analysis period. Growth in the region is led by the establishment of new diagnostic centers and hospitals, improvements in healthcare infrastructure, rising healthcare spends, and increased access to healthcare services. In addition, post-operative benefits of advanced wound closure devices, and increasing awareness about the latest technologies are other factors contributing to market growth.
Major players covered in the report include 3M HealthCare, Advanced Medical Solutions Group Plc, Baxter International Inc., Covidien Ltd., Ethicon Inc., Smith & Nephew and Teleflex Medical, among others.
The research report titled "Surgical Incision Closures: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report analyzes the market by product segments - Stapler Products (Internal Staplers, Skin Staplers, Surgical/Ligature Clips and Vascular Clips), Suture Products (Absorbable Sutures and Non-Absorbable Sutures), Tape Closures and Tissue Sealants.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Surgical_Incision_Closures_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, 408-528-9966, [email protected]
Share this article