DUBLIN, March 14, 2023 /PRNewswire/ -- The "Surgical Incision Closures: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Surgical Incision Closures Market to Reach $30.4 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Surgical Incision Closures estimated at US$16.5 Billion in the year 2022, is projected to reach a revised size of US$30.4 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030.

Tissue Sealants, Adhesives & Topical Hemostats, one of the segments analyzed in the report, is projected to record 9.4% CAGR and reach US$14.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Suture Products segment is readjusted to a revised 7.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 12.2% CAGR

The Surgical Incision Closures market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 51 Featured) -

• 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.

• Teleflex Medical OEM

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Surgical Incision Closures - A Prelude

• Recent Market Activity

• Current and Future Analysis

• Developing Markets Hold Strong Potential

• Suture Products: Largest Individual Market

• Staplers Compete with Sutures

• Conventional Intracutaneous Sutures & Staples Lose Relevance Amid Surgical Procedure Innovation

• Use of Adhesive and Sealants over Sutures

• Tapes/Strips Simplify Closures

• Gauging the Economic Benefits of Hemostats and Sealants

• Biomaterials and Synthetic Materials Mark Metamorphosis

• Market Gains from Increase in Cosmetic Surgeries

• Growing Focus on Reducing Hospital Stays Lends Traction

• Surgical Incision Closures - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Technological Advancements Drive Growth

• Tissue Adhesives and Surgical Glues - A Potential Market

• Non-Invasive Closure Products Draw Attention

• Developments in Laparoscopy Call for New Product Advancements

• Innovations in Sutures Sector Uphold Growth

• Innovative Products Stabilize Growth in the Staplers Market

• Nanotechnology in Incision Closures

• Hemostatic Agents Gain Application to Control Blood Leakage

• Synthetic Sealants - An Emerging R&D Domain

• Fibrin Sealants Focus on Minimizing Risk of Infection

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

• 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.

• Teleflex Medical OEM

For more information about this report visit https://www.researchandmarkets.com/r/le3yrj

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/surgical-incision-closures-global-market-report-2023-non-invasive-closure-products-draw-attention-301772027.html

SOURCE Research and Markets