Surgical Incision Closures Market to Reach US$7.7 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Surgical Incision Closures markets. The global market for surgical incision closures is projected to reach US$7.7 billion by the year 2015, driven by the steady rise in surgical procedures, particularly in developing countries. Further, advent of innovative closures is also expected to fuel growth in the market.

Surgical Incision Closures: A Global Strategic Business Report

The market for surgical incision closures is expected to continue its steady growth despite the gloomy conditions prevailing worldwide, due to the growing number of surgeries being conducted and the increasing volume of surgical procedures in endoscopy, cardiovascular, orthopedic and laparoscopy. A wide range of devices sutures, staples, tape closures and sealants are used in closure of surgical incisions. Increasing demand for cosmetic surgery, rise in active lifestyles and global ageing population are the key factors influencing the number of surgical procedures. Innovations in tissue sealants tucked in this drift and are heralding dynamic opportunities for players in the market. Synthetic absorbable sutures also appear to be beneficiaries. However, the growing popularity of minimally invasive surgeries and alternative techniques such as use of glues and adhesives may dampen growth opportunities in the market.

The United States and Europe collectively accounts for a major share of the global surgical incision closures market, as stated by the new market research report on Surgical Incision Closures. Rising income levels and growing affordability of surgeries is also contributing to the increased demand for products used for surgical incision closures. Technological advancements associated with closures and the advent of innovative products such as absorbable sutures and tissue sealants, constitute another key driving factor for the market. Economic upliftment in the developing countries in particular is likely to increase the volume of surgeries in these countries. Propelled by the steady economic growth and the subsequent rise in disposable incomes, increasing health awareness, and availability of advanced facilities, Asia Pacific is anticipated to witness the fastest growth in the surgical incision closure market over the period 2007-2015.

Suture products represents the largest segment in the surgical incision closure market. The familiarity of surgeons with this form of surgical closure plays a significant role in sustaining growth for the segment. Staplers are another effective alternative for closing surgical wounds, and compete with sutures. Advanced wound closure technologies, which include tissue sealants, hemostats, adhesives and adhesion prevention products are anticipated to generate attractive business opportunities due to the safety provided by these wound closure products. Though, tissue sealant penetration in wound sealing management system has been very slow, sealants are gaining attention due to speed and simplicity offered in wound sealing.

Major players profiled in the report include 3M Healthcare, Advanced Medical Solutions Group Plc, Aesculap AG & Co. KG, Baxter International Inc., Covidien, Derma Sciences Inc., Ethicon Inc., Genzyme Biosurgery, Smith & Nephew, and Teleflex Medical.

The research report titled “Surgical Incision Closures: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments and sub-segments analyzed include Stapler Products (Internal Staplers, Skin Staplers, Surgical/Ligature Clips, Vascular Clips), Suture Products (Absorbable Sutures, 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 reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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