Worldwide Surgical Wound Closure Devices Industry to 2026 - Introduction of Next Generation Surgical Wound Closure Devices Presents Opportunities

Dublin, Feb. 22, 2021 (GLOBE NEWSWIRE) -- The "Surgical Wound Closure Devices Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Surgical Wound Closure Devices Market Report

The global surgical wound closure devices market by revenue is expected to grow at a CAGR of approx. 6% during the period 2021-2026.

The wound closure devices market has been adversely affected since the breakout of the COVID-19 pandemic. Over 28 million planned surgeries across the world have been canceled due to the outbreak of the pandemic, which has significantly truncated the growth of wound closure devices. Majority of hospitals worldwide either postponed or canceled their planned elective surgeries during the pandemic, which has severely affected the application of advanced wound closure devices. With developed countries such as the US, Germany, and the UK suspending elective, specialty, and other surgeries to avoid exposure to the potential infection environment and to prioritize the treatment of COVID-19, the revenue of the global market has nosedived. Further, the utilization of surgical procedures with surgical wound closure devices declined in 2020 as the number of procedures decreased in the short term, hence, delaying new purchases of wound closure devices.

The following factors are likely to contribute to the growth of the surgical wound closure devices market during the forecast period:

• The shift toward Non-invasive Wound Closure Devices
• Introduction of Next Generation Wound Closure Devices
• Increase in Non-essential Surgeries
• Increasing Popularity of Natural Surgical Sealants

The study considers the present scenario of the surgical wound closure devices market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Prominent Vendors

• 3M
• Medtronic
• B. Braun Melsungen
• Johnson & Johnson

Other Prominent Vendors

• Adhesys Medical
• Baxter International
• BD
• BSN Medical
• Cardinal Health
• Changzhou Haida Medical Equipment
• Cohera Medical
• CONMED
• CryoLife
• DermaRite
• Farmaceutica International
• Frankenman International
• Grena
• GPC Medical
• Intuitive Surgical
• Integra LifeSciences
• HARTMANN
• Meril Life Sciences
• Medline
• Ocular Therapeutix
• ORION SUTURES
• Peters Surgical
• Purple Surgical
• Reach Surgical
• Sealantis
• Smith+Nephew
• Stryker
• Teleflex
• Waston Medical Appliance
• Welfare Medical

KEY QUESTIONS ANSWERED
1. What is the market size of the surgical wound closure devices market during the period 2020-2026?
2. What impact the COVID-19 pandemic has on the growth of the surgical wound closure devices market?
3. Which region is likely to account for the largest share in the wound closure devices market by 2026?
4. What are the key growth strategies adopted by vendors in the surgical wound closure devices market?
5. Who are the key players in the surgical wound closure devices industry?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Product
4.4.2 Market Segmentation by Patient Group
4.4.3 Market Segmentation by End-User
4.4.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview

8 Market Opportunities & Trends
8.1 Shifting End-Users Preference Toward The Usage Of Non-Invasive Wound Closure Devices
8.2 Introduction of Next Generation Surgical Wound Closure Devices
8.3 Increased Product Launches

9 Market Growth Enablers
9.1 Increase In The Number Of Non-Essential Surgeries
9.2 Favorable Patient Demographics & Increased Focus On Surgical Intervention
9.3 Growing Popularity of Natural Surgical Sealants

10 Market Restraints
10.1 Impact of Covid-19 On Surgical Wound Closure Devices
10.2 Complications Associated with Surgical Wound Closure Devices
10.3 Safety Concerns Coupled with Product Recalls

11 Market Landscape
11.1 Market Overview
11.1.1 COVID-19 Impact on Global Surgical Wound Closure Devices Market
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry

12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Surgical Sutures & Needles
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Absorbable Sutures
12.3.4 Non-absorbable Sutures
12.3.5 Surgical Sutures & Needles: Geography Segmentation
12.4 Surgical Stapling Devices
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Powered Surgical Stapling
12.4.4 Manual Surgical Stapling
12.4.5 Surgical Stapling Devices: Geography Segmentation
12.5 Surgical Sealants & Adhesives
12.5.1 Market Overview
12.5.2 Synthetic Adhesives
12.5.3 Market Size & Forecast
12.5.4 Surgical Sealants & Adhesives: Geography Segmentation
12.6 Surgical Wound Closure Strips
12.6.1 Market Overview
12.6.2 Market Size & Forecast
12.6.3 Surgical Wound Closure Strips: Geography Segmentation

13 Patient Group
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Adults
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Adults: Geography Segmentation
13.4 Pediatrics
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Pediatrics: Geography Segmentation

14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Hospitals
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Hospitals: Geography Segmentation
14.4 Specialty Medical Facilities
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Specialty Medical Facilities: Geography Segmentation
14.5 Other End-Users
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Other End-users: Geography Segmentation

15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview

16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 North America: Product Segmentation
16.4 North America: Patient Group Segmentation
16.5 North America: End-User Segmentation
16.6 Key Countries
16.6.1 US: Market Size & Forecast
16.6.2 Canada: Market Size & Forecast

17 Europe
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Europe: Product Segmentation
17.4 Europe: Patient Group Segmentation
17.5 Europe: End-User Segmentation
17.6 Key Countries
17.6.1 Germany: Market Size & Forecast
17.6.2 France: Market Size & Forecast
17.6.3 UK: Market Size & Forecast
17.6.4 Italy: Market Size & Forecast
17.6.5 Spain: Market Size & Forecast

18 APAC
18.1 Market Overview
18.2 Market Size & Forecast
18.3 APAC: Product Segmentation
18.4 APAC: Patient Group Segmentation
18.5 APAC: End-User Segmentation
18.6 Key Countries
18.6.1 China: Market Size & Forecast
18.6.2 Japan: Market Size & Forecast
18.6.3 India: Market Size & Forecast
18.6.4 South Korea: Market Size & Forecast
18.6.5 Australia: Market Size & Forecast

19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Latin America: Product Segmentation
19.4 Latin America: Patient Group Segmentation
19.5 Latin America: End-User Segmentation
19.6 Key Countries
19.6.1 Brazil: Market Size & Forecast
19.6.2 Mexico: Market Size & Forecast
19.6.3 Argentina: Market Size & Forecast

20 Middle East & Africa
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Middle East & Africa: Product Segmentation
20.4 Middle East & Africa: Patient Group Segmentation
20.5 Middle East & Africa: End-User Segmentation
20.6 Key Countries
20.6.1 Turkey: Market Size & Forecast
20.6.2 South Africa: Market Size & Forecast
20.6.3 Saudi Arabia: Market Size & Forecast

21 Competitive Landscape
21.1 Competition Overview
21.2 Market Share Analysis
21.2.1 3M
21.2.2 Medtronic
21.2.3 B. Braun Melsungen
21.2.4 Johnson & Johnson

22 Key Company Profiles

23 Other Prominent Vendors

24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations

25 Quantitative Summary
25.1 Geography
25.2 Patient Group
25.2.1 North America: Patient Group
25.2.2 Europe: Patient Group
25.2.3 APAC: Patient Group
25.2.4 Latin America: Patient Group
25.2.5 Middle East & Africa: Patient Group
25.3 End-User
25.3.1 North America: End-user
25.3.2 Europe: End-user
25.3.3 APAC: End-user
25.3.4 Latin America: End-User
25.3.5 Middle East & Africa: End-User
25.4 Product
25.4.1 North America: Product
25.4.2 Europe: Product
25.4.3 APAC: Product
25.4.4 Latin America: Product
25.4.5 Middle East & Africa: Product

26 Appendix
26.1 Abbreviations

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