Surgical Wound Closure Devices Market Size to Reach Revenues of USD 8.4 Billion by 2026 - Arizton

Surgical Wound Closure Devices Market Size to Reach Revenues of USD 8.4 Billion by 2026 - Arizton

PR Newswire

CHICAGO, Feb. 9, 2021

In-depth analysis and data-driven insights on the impact of COVID-19 included in this global surgical wound closure devices market report.

CHICAGO, Feb. 9, 2021 /PRNewswire/ -- The global surgical wound closure devices market is expected to grow at a CAGR of approximately 6% during the period 2020−2026.

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Key Highlights Offered in the Report:  

  1. COVID-19 has drastically disrupted the surgical wound closure market, large number of elective surgeries are postponed, and only emergency surgeries are being conducted in the hospitals as majority of the hospitals are focused on treating COVID-19 patients. 
  2. North America accounted for the largest share of around 36% in the global surgical wound closure devices market and the US was a major revenue contributor in the region.
  3. Hospitals accounted for the largest share of approximately 44% in the market. Majority of the surgeries take place in the hospitals; they are major consumers of the surgical wound closure devices.
  4. The surgical sutures and needles dominated the segment. However, there is a huge demand for the non-invasive surgical wound closure devices such as surgical sealants and surgical wound closure strips. They are easy to use and patient friendly and majority of the end-users are shifting towards the usage of these devices from conventional surgical wound closure devices. The surgical sealant is expected to grow at a CAGR of over 7%.
  5. The adult segment accounted for the largest share, as large numbers of elective surgeries are conducted in the adult patients.

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Surgical Wound Closure Devices Market – Segmentation

Surgical Wound Closure Devices Market by Product

Surgical Wound Closure Devices Market by End-user

Surgical Wound Closure Devices Market by Patient Group

Surgical Wound Closure Devices Market – Dynamics

The wound closure devices play a significant role in every wound care and surgical procedures. The majority of the wound closure devices distribute tension along the entire incision, adding uniform strength to the incision and preventing the skin gap from forming when the skin is stressed. This is especially important in preventing the entry of pathogens into the wound. Furthermore, advancements in wound closure devices have enhanced the process of efficient healing of wounds compared to traditional old methods. One such advancement includes the introduction of minimally invasive and non-invasive wound closure devices in the market. The non-invasive skin closure device allows for the quick and easy closure of surface wounds and the final stage of surgical incisions with no puncturing or crushing of the skin.

Key Drivers and Trends fueling Market Growth:

Surgical Wound Closure Devices Market – Geography

The number of surgeries performed in North America is increasing owing to the developed healthcare infrastructure and consistent increase in the geriatric population. This has drastically increased the patient pool requiring effective treatment and surgical procedures to be carried out, which is anticipated to propel the market growth. Benefits such as no cut or incision on body parts, less or no blood loss, enhanced patient care and overall improved patient experience associated with non-invasive surgical procedures are expected to further spur the market growth in the upcoming years. The chances of hospital-acquired infections are also minimal with non-invasive surgeries. This, in turn, has boosted the demand for non-invasive surgical procedures.

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Surgical Wound Closure Devices Market by Geography

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