Shift Towards Noninvasive Closure Technologies to Drive the Surgical Incision Closures Market, According to a New Report Update by Global Industry Analysts, Inc.
San Jose, California (PRWEB) April 06, 2015 -- Follow us on LinkedIn – The global surgical incision closures market has been receiving a major boost in the form of new generation closure technologies that offer faster and efficient healing, reduced surgical site infection risk, and aesthetic benefits. With clinicians showing marked interest in reducing operation time, cutting operational costs, and enhancing patient comfort, advanced wound closure devices are gaining preference over traditional products. Besides the rise in general surgical procedure volumes, increase in the number of cosmetic surgeries is also driving market gains. Growth is expected to be high in emerging nations where advanced wound closure products are gradually penetrating the surgical domain.
Driven by rise in application procedures and an expanding target population, hemostats and tissue sealants are the major revenue generators in the wound closure devices market, mainly due to their improved clinical outcomes and economic benefits. Surgical glues and sealants are used as key adjunctive products to seal suture and staple lines and also as regular hemostatic agents for controlling bleeding during surgery. Tissue adhesives, which account for a small portion of the market, are growing at a brisk pace. The market is expected to draw growth from development of high strength adhesives including cyanoacrylates. Fibrin sealants offer benefits such as high biocompatibility coupled with absence of foreign material reactions and reduced risk of unwanted bleeding.
While new technologies continue to pose a threat to sutures and stapling products, growth in the market remains afloat driven by new design and product developments aimed at minimizing trauma and tissue handling. Absorbable sutures are gaining a significant share of the suture market, largely due to increasing acceptance among surgeons. Absorbable sutures eliminate the post-operative strain for removal of sutures, thereby reducing costs as well as hospitals visits. The evolution of laparo-endoscopic procedures and natural orifice transluminal endoscopic surgery has resulted in the development of a broad range of endoscopic sutures, appliers, staples and clips to assist MIS procedures. Some of the new advancements offer surgeons better hold of the tissue that enable easy adjustment during the procedure. Nanotechnology is also gaining attention for its possible application in the area of surgical incision closures as researchers focus on alternative technologies to facilitate effective scar free surgery without trauma.
As stated by the new market research report on Surgical Incision Closures, the United States represents the largest market worldwide. Asia-Pacific represents the fastest growing market at a CAGR of 7.4% over the analysis period. Growth in the region is led by the rise in healthcare expenditure, healthcare infrastructure investments, and medical tourism in countries such as India.
Major players covered in the report include 3M HealthCare, Abbott Laboratories, Advanced Medical Solutions Group Plc, Aesculap AG & Co.KG, Baxter International Inc., CP Medical, Inc., Derma Sciences, Inc., Ethicon Endo-Surgery, Inc, Medtronic, Inc., Smith & Nephew, Surgical Specialties Corporation (US), Inc. and Teleflex Medical OEM, 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), Hemostats, Tape Closures and Tissue Sealants.
For more details about this comprehensive market research report, please click here
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 1500+ 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.
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