Covid-19 impact Global Surgical Wound Closure Devices Market Overview : 2019-2017

global Surgical Wound Closure Devices market 2019 has been considered as base year to estimate the market size and same is forecasted through 2021 to 2026 by giving special focus and different treatment to 2020. The report forecasts that Surgical Wound Closure Devices market will touch USD XX Bn. by 2026.

The report has covered the market drivers, restraints and fluctuations in demand in different countries by region with special focus on demand and supply from China, India, Taiwan in Asia and USA, France, UK, Russia in western countries. Government regulations, different government’s special incentives and trade agreements in countries are going to have moderate impact on the demand and supply on Surgical Wound Closure Devices market

Global Surgical Wound Closure Device Market

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The Global Surgical Wound Closure Devices Market size was valued at USD xx.xx billion in 2019 and is expected to reach at a compound annual growth rate (CAGR) of 6.9% from 2020 to 2027.

Global Surgical Wound Closure Devices Market Dynamics

The recent developments on wound closure devices results in the adoption of technologies such as staples and adhesives to allow surgeons to replace their tedious suturing techniques with simple, non-operator-dependent, safe, and rapid techniques. This resulting in the optimal cosmetic appearance of the scar and avoiding infections by immediately sealing the wounds by using wide varieties of skin closure materials.
The demand for wound closure devices is rapidly rising owing to the occurrence of chronic wounds, rising cases of accidents and the growing number of surgeries which is largely impacting the growth of wound closure devices market over the forecast period of 2020 to 2027.

Global Surgical Wound Closure Device Market is segmented by device, application, end user and region.

By Device

• Adhesives
• Staples
• Sutures
• Mechanical Wound Closure Devices

Global Surgical Wound Closure Device Market

Adhesives segment is expected to command largest market share of xx% by 2017.

The advantages of tissue adhesives over suturing and other methods of wound closure, such as a lower infection rate, less operating room time, good cosmetic results, lower costs, and ease of use. Tissue adhesives are also easier and friendly for use in children, hence it is preferred by professionals as wound closure device. Adhesives use to inhibit bacterial growth and prevents Gram-positive bacterial wound infections, hence this segment command largest market growth during forecast period. In addition, tissue adhesives are now being used for facial wounds, groin wounds, hand surgery, blepharoplasty, laparoscopic wounds, hair transplantation and lacrimal punctum closure, which in turn drive the surgicalwound closure devices market globally.

Staples are the second largest dominant segment in the global surgical wound closure Device Market.

The skin staples are mostly use to close wounds, which are present on the scalp or trunk of the body.The potential advantage of staples in surgical wound closure is related to their low level of tissue reactivity. This generates a higher resistance to infection in contaminated wounds, given the non-introduction of exogenous material and consequent impairment of local immune response. Use of staples reduces the local inflammatory response, width of the wound, time to wound closure and residual cross marks, hence it is dominated as efficient closure device in the global market. Staples seem to be better in terms of effectiveness for instance, fixation, and good cosmetic results, as a result it acquire the largest share in the global surgical wound closure devices market.

Suture segment is expected to command third largest market share of xx% by 2027.

Skin closure of surgical wounds is usually achieved with sutures. The principal advantages of sutures are their flexibility, strength, non-toxicity, and in-vivo degradation properties. The global surgical wound closure device market is growing rapidly, by availability of absorbable suturesin hospitals and clinics.

By Application

• Acute Wounds
• Chronic Wounds
• Surgical Wounds

The acute wound segment was held the dominant market share in 2018, by rising number of surgeries and burn cases, globally. For instance, as per WHO, in South Africa, approximately USD 26.00 million is spent every year on the care of burns resulting from kerosene cooking stove incidents. Such acute injuries require quick closure using advanced medical devices. The major reasons leading the global surgical wound closure devices market are the high prevalence of burn cases include poverty, lack of proper safety measures, use of kerosene for non-electric domestic appliances, alcohol abuse, and smoking.

By End User

• Hospitals and clinics
• Community Healthcare Service Providers
• Ambulatory Surgical Centers
• Home Care

Hospitals and clinics segment are expected to register comparatively higher share in the surgical wound closure devices market by rise in the number of surgical procedures across the globe. Rising prevalence of chronic diseases, such as cancer, diabetes along with autoimmune diseases leading to an increase in the number of surgeries being performed. Identifying and reducing avoidable readmissions by using wound devices is the major reason for the global market growth during forecast period.

By Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America

Global Surgical Wound Closure Device Market1

North America is expected to dominate the global surgical wound closure device market during forecast period.

Increasing utilization of surgical wound closure device for diagnosing and treating wound diseases in North America is witnessing growth of global market during forecast period.

Rising healthcare expenditure, increasing prevalence of chronic diseases and growing aging population, drive the global surgical wound closure device market. The presence of key companies and surging number of initiatives are being taken by private and public organizations for creating awareness regarding the use of wound closure devices, make North America a major contributor in the global market growth.The increasing number of patients undergoing surgeries and rising awareness about minimally invasive surgeries are also responsible for this market growth in North America.
Scope of the Global Surgical Wound Closure Device Market

Global Surgical Wound Closure Device Market, By Device

• Adhesives
• Staples
• Sutures
• Mechanical Wound Closure Devices
Global Surgical Wound Closure Device Market, By Application

• Acute Wounds
• Chronic Wounds
• Surgical Wounds
• Burns
Global Surgical Wound Closure Device Market, By End User

• Hospitals
• Community Healthcare Service Providers
• Ambulatory Surgical Centers
• Home Care
Global Surgical Wound Closure Device Market, By Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Key Players Operating in the GlobalSurgical Wound Closure Device Market

• 3M
• Johnson & Johnson Services Inc.
• B. Braun Melsungen AG
• Medtronic
• Integra LifeSciences Corporation
• Smith & Nephew
• Abbott Laboratories
• Ethicon Inc.
• Baxter International
• BSN medical Inc.
• Derma Sciences
• Kinetic Concepts
• ConvaTec
• DACH Medical Group
• Arthrex GmbH
• Gecko Biomedical
• CP Medical

The Surgical Wound Closure Devices faced several challenges in 2020 including Covid lock down and sudden decrease in demand however, the demand is expected to normalize in 2021 and is expected to pick up in 2022, which is covered in the report in the growth drivers chapter.

The report has profiled key players in the market by their size and presence by regions. Since, there are limitation to profile all the kay player, representation is given to companies by region, sales revenue, expenditure on technology, expansion plans, investments received, involved in M&A.
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