Surgical Incision Devices Closure Market - Forecast(2024 - 2030)
Surgical Incision Devices Closure Market Overview
Report Coverage
The report: “Surgical Incision Devices Closure Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Surgical Incision Devices Closure Market.By Product Type: Disposable Surgical Incision Closure, Reusable Surgical Incision Closure.
By Application Type: Esophagectomy, Gastrectomy, Colectomy, Proctectomy, Reconnect Skin.
By Geography: North America (U.S, Canada, Mexico), Asia-Pacific (India, China, Japan, Australia, South Korea, Rest of Asia Pacific), Europe (U.K, Germany, France, Netherlands, Spain, Italy, Rest of Europe), and Rest of the World (Middle East and Africa).
Key Takeaways
- In 2020, the North America region held the highest market share. This is owing to technological advancements and the presence of prominent players operating in the region.
- Increase in the number of advanced wound care surgeries performed globally and its frequent use in all types of surgeries across the world is driving the growth of Surgical Incision Devices Closure Market.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Surgical Incision Devices Closure Market.
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Surgical Incision Devices Closure Market Segment Analysis - By product types
Based on Product Type, Surgical
Incision Devices Closure Market is segmented into Disposable Surgical Incision
Closure and Reusable Surgical Incision Closure. The Disposable Surgical
Incision Devices Closure segment dominate the market during the period
2021-2026. This is owing to the increase in the number of advanced wound
care surgeries performed globally and its frequent use in all types of Surgical
Incision Devices Closure surgeries. However, the global market for handheld
surgical instruments is expected to decline over the forecast period owing to a
shift in customer preferences from traditional (invasive) to minimally invasive
surgeries. Reusable Surgical Incision Closure segment is forecast to be the
fastest-growing segment and is projected to grow at a CAGR of 8.1% during the
period 2021-2026. This is owing to the use of reusable surgical incision
closure devices that may significantly reduce the cost of a single procedure
and make it feasible for a segment of the population that would otherwise not
be able to afford it.
Surgical Incision Devices Closure Market Segment Analysis - By Application Types
Based on Application type, Surgical
Incision Devices Closure Market is segmented into Esophagectomy, Gastrectomy,
Colectomy, Proctectomy, Reconnect Skin. In 2020 Esophagectomy is estimated to
hold major share in the market This is owing to an increasing incidence of
esophageal cancer among people. However, esophagectomy is the main surgical
treatment used for esophageal cancer and advanced wound care. Esophagectomy surgery
is done either to remove cancer or to relieve cancer symptoms. However, the gastrectomy
segment is projected to grow with a CAGR of 7.9% over the period 2021-2026. This
is owing to Patients diagnosed with gastric cancer, trauma, or complicated
peptic ulcer disease may require gastrectomy, which is a surgical removal of a
portion of or, occasionally, all of the stomach.
Surgical Incision Devices Closure Market Segment Analysis - By Geography
Surgical Incision Devices Closure Market Drivers
Increasing demand for technological advancement in wound closure devices
Increasing volume of surgical procedures
Surgical Incision Devices Closure Market Challenges
Surgical Incision Devices Closure Market Industry outlook:
Developments:
- In October 2019, U.S.-based 3M has completed the acquisition of the global medical technology firm Acelity and its KCI subsidiaries for an enterprise value of approximately $6.7 billion. This acquisition will help 3M improve customer experience.
- In September 2019, Ethicon has launched its Echelon powered circular stapler for colorectal , gastric and thoracic surgery. The new Echelon circular Powered Stapler combines two innovative Ethicon technologies 3D Stapling Technology, which evenly distributes compression and Gripping Surface Technology (GST) a gentler way to reduce compressive tissue forces.
Relevant Reports:
Surgical
Instruments Market
HCR 0407
Disposable
Medical Device Market
HCR 0050
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