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
- Hemostats
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.
Based on device type, the global wound closure surgical products market is segmented as follows:
- 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
Wound closure surgical products are designed to assist the complete closure of wounds by sealing the ends of the wound tissue and attain complete healing with minimal risk for infections. The various products currently available in the market are hemostats, tissue sealants, adhesives, ligating clips, wound closure strips, mechanical stapling products and sutures. Of the aforementioned products sutures predominate the wound closure surgical products market owing to its ease of use, cost efficiency, wide accessibility across geographies. Staplers have advanced from the traditional suture types. They are similar to sutures in functionality but are more preferred as they offer reduced recovery time and are easy and quicker to use.
Cosmetic procedures are on a rise which require minimal invasive techniques for wound closure without the occurrence of any kind of scars. This has led to an increase in demand for the recent wound closure surgical products viz., tissue sealants, adhesives and wound closure strips. These products are expected to predominate the market during the forecast period of 2017-2025 with increase in its demand. However, the higher cost of these minimal invasive techniques would have an unfavorable impact on the 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 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.
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
Chapter 2. Executive Summary
2.1. Global Wound Closure Surgical Products Market Portraiture
2.2. Global Wound Closure Surgical Products Market, by Type, 2016 (US$ Mn)
2.3. Global Wound Closure Surgical Products Market Share, by Geography, 2016 vs. 2025 (Value %)
Chapter 3. Global Wound Closure Surgical Products Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Continuous Wound Closure Surgical Products: Future Trends
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2016
3.7. Major Agreements, Partnerships and Collaborations
3.8. Competitive Landscape, by Key Players, 2016
Chapter 4. Global Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
4.1. Overview
4.1.1. Attractive Investment Proposition: Global Wound Closure Surgical Products Market, by Type, 2016
4.2. Hemostats
4.2.1. Collagen based hemostats
4.2.2. Oxidized regenerated cellulose
4.2.3. Thrombin based hemostats
4.3. Tissue Sealants
4.4. Adhesives
4.5. Ligating Clips
4.6. Wound Closure Strips
4.7. Mechanical Stapling Products
4.8. Sutures
4.8.1. Absorbable
4.8.2. Non-absorbable
Chapter 5. Global Wound Closure Surgical Products Market, by Geography, 2015 – 2025 (US$ Mn)
5.1. Overview
5.2. North America Wound Closure Surgical Products Market Analysis, 2015 – 2025
5.2.1. North America Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
5.2.2. North America Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe Wound Closure Surgical Products Market Analysis, 2015 – 2025
5.3.1. Europe Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
5.3.2. Europe Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. Rest of Europe
5.4. Asia Pacific Wound Closure Surgical Products Market Analysis, 2015 – 2025
5.4.1. Asia Pacific Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
5.4.2. Asia Pacific Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
5.4.2.1. Japan
5.4.2.2. China
5.4.2.3. Rest of APAC
5.5. Latin America Wound Closure Surgical Products Market Analysis, 2015 – 2025
5.5.1. Latin America Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
5.5.2. Latin America Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
5.5.2.1. Mexico
5.5.2.2. Brazil
5.5.2.3. Rest of Latin America
5.6. Middle East & Africa (MEA) Wound Closure Surgical Products Market Analysis, 2015 – 2025
5.6.1. MEA Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
5.6.2. MEA Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
5.6.2.1. GCC
5.6.2.2. Rest of MEA
Chapter 6. Company Profiles
6.1. B. Braun Melsungen AG
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Product Portfolio
6.1.4. Key Developments
6.2. 3M
6.3. Abbott
6.4. Alfresa Pharma Corporation
6.5. Baxter International
6.6. BSN medical
6.7. Derma Sciences Inc.
6.8. Ethicon Inc.
6.9. Genzyme Corporation
6.10. Acelity
6.11. Medtronic Plc.
6.12. NeatStitch Ltd.
6.13. Radi Medical Systems Inc.
6.14. Smith & Nephew
6.15. Teleflex Medical Inc.
TABLE 1 Global Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 2 Global Wound Closure Surgical Products Market, by Hemostats, 2015 – 2025 (US$ Mn)
TABLE 3 Global Wound Closure Surgical Products Market, by Sutures, 2015 – 2025 (US$ Mn)
TABLE 4 Global Wound Closure Surgical Products Market Share, by Geography, 2015 – 2025 (Value %)
TABLE 5 North America Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 6 North America Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 8 Europe Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 9 Asia Pacific Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 10 Asia Pacific Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 11 Latin America Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 12 Latin America Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Middle East And Africa Wound Closure Surgical Products Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 14 Middle East And Africa Wound Closure Surgical Products Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 15 B. Braun Melsungen AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 16 3M: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 17 Abbott: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 18 Alfresa Pharma Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 19 Baxter International: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 20 BSN medical: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 21 Derma Sciences Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)Ethicon Inc.
TABLE 22 Genzyme Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 23 Acelity: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 24 Medtronic Plc. : Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 25 NeatStitch Ltd. : Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 26 Radi Medical Systems Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 27 Smith & Nephew: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 28 Teleflex Medical Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
FIG. 1 Wound Closure Surgical Products: Market Segmentation
FIG. 2 Attractive Investment Proposition, by Geography, 2016
FIG. 3 Market Competition Landscape, by Key Players, 2016
FIG. 4 Global Collagen Based Hemostats Market In Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 5 Global Oxidized Regenerated Cellulose Market In Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 6 Global Thrombin Based Hemostats Market In Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 7 Global Tissue Sealants Market in Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 8 Global Adhesives Market in Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 9 Global Ligating Clips Market in Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 10 Global Wound Closure Strips Market in Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 11 Global Mechanical Stapling Products Market in Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 12 Global Absorbable Sutures Market in Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 13 Global Non-absorbable Sutures Market in Wound Closure Surgical Products, 2015 – 2025 (US$ Mn)
FIG. 14 U.S. Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 15 Canada Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 16 U.K. Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 17 Germany Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 18 Rest Of Europe Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 19 Japan Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 20 China Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 21 Rest Of Asia Pacific Wound Closure Surgical Products Market, 2015 – 2025 (US$ Mn)
FIG. 22 Mexico Digital Therapeutic Market, 2015-2025 (US$ Mn)
FIG. 23 Brazil Wound Closure Surgical Products Market, 2015-2025 (US$ Mn)
FIG. 24 Rest of Latin America Wound Closure Surgical Products Market, 2015-2025 (US$ Mn)
FIG. 25 GCC Wound Closure Surgical Products Market, 2015-2025 (US$ Mn)
FIG. 26 Rest of MEA Wound Closure Surgical Products Market, 2015-2025 (US$ Mn)
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