Global Surgical Incision Closures Market to Exceed US$9.0 Billion by 2017, According to New Report by Global Industry Analysts, Inc

GIA announces the release of a comprehensive global report on Surgical Incision Closures markets. The global market for surgical incision closures is projected to exceed US$9.0 billion by the year 2017. The market is expected to continue its steady growth largely backed by rise in surgical procedures including endoscopy, cardiovascular, orthopedic and laparoscopy, especially in developing countries. Development of innovative closures is also expected to propel growth in the market.

The surgical incision closures segment assumes significant importance with millions of surgical procedures performed every year. Surgical disciplines such as cardiology, obstetrics/gynecology, ophthalmology, orthopedics, and plastic surgery, have highly specific requirements for different closure products. A wide range of devices sutures, tape closures, staples and sealants are used in closure of surgical incisions. Global aging population, rise in active lifestyles and increasing demand for cosmetic surgeries are the key factors influencing the number of surgical procedures.

The next generation 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. The products offer efficient wound healing mechanism and minimize the risk of post-surgical complications. With new innovations in line, the market for next generation wound closure products would be the most lucrative and promising.

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. The trend towards minimally invasive surgery is among the most significant factors affecting the market. Minimally invasive surgery, typically associated with smaller incision sites, has exerted a deep impact on the need for general or specialized surgeries, transforming the market dynamics for all types of wound closures.

The United States and Europe collectively accounts for a major share of the sales in 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. Improved economic conditions in the developing countries in particular are likely to increase the number of surgeries performed in these countries. Fueled 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 analysis period.

Suture products represent 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. The incision closure market is undergoing a metamorphosis following the introduction of number of biomaterials and synthetic materials that can reduce the time required for healing and enhance patient comfort. Among various segments, tissue sealants is expected to exhibit a healthy rate of growth through 2017. 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 years 2009 through 2017, and 2003 to 2008 by 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, and Vascular Clips), Suture Products (Absorbable Sutures, and Non-Absorbable Sutures), Tape Closures, and Tissue Sealants.

Source: PR Web, Global Industry Analysts