Wound Closure Surgical Products Market By Type (Hemostats, Tissue Sealants, Ligating Clips, Wound Closure Strips, Mechanical Stapling Products & Sutures) - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025

Wound closure products are utilized in all surgical procedures wherein it is used for fusing the tissue ends together. The type of wound closure products determines the healing time and risk for infection. Products which are patients specific, cost efficient, have lesser recovery time and is less painful is are more likely to exhibit a favorable potential in this market. The traditional methods of using sutures may have a lesser demand in the forecast period owing to its painful effect, longer recovery time and high risk of acquiring infections, but are still used as it’s less expensive.Companies with a product portfolio that comprise lesser painful products with reduced recovery time and minimal scarring have higher potential to grow in this market.

The current study report of wound closure products market highlights the latest market trends, provides strategic insights of the overall closure device market. Market size estimations and forecast analysis for this market has also been included within this report.

The wound closure products market has been studied by dividing the market based on the products available in the market globally. The wound closure products market has thus been segmented as follows:

  • Type
    • Hemostats
      • Collagen based hemostats
      • Oxidized regenerated cellulose
      • Thrombin based hemostats
    • Tissue Sealants
    • Adhesives
    • Ligating Clips
    • Wound Closure Strips
    • Mechanical Stapling Devices
    • Sutures
      • Absorbable
      • Non-absorbable

The outreach of wound closure products across geographies is quiet extensive as it is a prime requirement for any kind if surgeries. However, the availability of advanced and newer closure products namely tissue sealants, adhesives and wound closure strips in the developing economies is still not extensive. The wound closure products market has been studied in various geographies such as North America, Europe, Asia Pacific, Latin America & Middle East and Africa. These geographical regions is further bifurcated to analyze the market for countries namely U.S., Canada, U.K, Germany, China, Japan, Brazil, Mexico, GCC and other countries.

Market estimations and forecast analysis for each of the aforementioned segments for the duration 2015-2025 has been incorporated in the current report. The market estimations have been provided in terms of US$ million and the annual growth rates for each of the segments have also been incorporated for the period 2017-2025, by keeping 2016 as the base year.

The report also encompasses of qualitative factors that have an impact on the evolution of the market which are market drivers, restraints and opportunities. These parameters would help gauge a better outlook of the market and would enable industrial players pertaining to wound closure products to strategies their product outreach in the market. Wound closure products market comprises of several key players holding leading positions. The market is saturated with minimalistic difference between competitor products. This factor could possess as a threat for emerging key players to enter the wound closure products market, if so such players would have to enter the market with advanced non-invasive products with cost-efficient benefits.

To understand this extent of competition amongst the key players, the report consist of company profiles of the top leaders that dominate the wound closure products market. The key players profiled are B. Braun Melsungen AG, Alfresa Pharma Corporation, 3M, Abbott, BSN medical, Baxter International, Ethicon Inc., Genzyme Corporation, Derma Sciences Inc., Acelity, NeatStitch Ltd., Medtronic Plc., Smith & Nephew, Radi Medical Systems Inc. and Teleflex Medical Inc.

Wound Closure Surgical Products Market

For the purpose of this study, the global wound closure surgical products market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Wound Closure Surgical Products Market

Wound closure surgical products are available across geographies. In this study report the wound closure surgical products market has been segmented into 5 major geographies viz., North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Amongst the aforementioned geographies North America holds a predominant position. The factors that drive the North American market are higher economic status of patients, continuous R&D developments, availability of reimbursement and presence of key market leaders. The rise in demand for wound closure surgical products could also be attributed to the presence of key market leaders namely Ethicon Inc., 3M and Baxter. Europe holds second place in the wound closure surgical products market. Provision of funds to carry out various research activities, increased healthcare expenditures, increased chronic wound incidence and government support drives the European wound closure surgical products market. Asia Pacific is expected to be the fastest growing sector in wound closure surgical products market. Developing economies such as India and China have seen an increase in their current healthcare expenditure and this trend is expected to rise further during the forecast period. As per the Indian brand equity foundation Indian healthcare sector is one of the rapidly growing industries at an annual growth rate of 15% and is expected to reach US$ 158.2 billion by 2017. The aforementioned factor is a major boon to the wound closure surgical products market in this region.

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Published Date:  Nov 2017
Category:  Medical Devices
Report ID:   58840
Report Format:   PDF
Pages:   120
Rating:    4.2 (55)
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