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Abdominal Closure Systems Market to Reach USD 245.0 Million by 2034 with a CAGR of 5.6%

12-16-2024 05:15 PM CET | Health & Medicine

Press release from: Future Market Insights

Abdominal Closure Systems Market

Abdominal Closure Systems Market

The global abdominal closure systems market is poised for significant growth, with its value projected to rise from USD 142.1 million in 2024 to USD 245.0 million by 2034, representing a compound annual growth rate (CAGR) of 5.6% over the forecast period. In 2023, the market was valued at USD 134.5 million, and it is expected to experience year-on-year growth of 5.5% in 2024.

Market Dynamics

1. Increasing Demand for Abdominal Surgeries:
The rise in surgical procedures, especially those related to abdominal treatments, is one of the primary drivers of the market. As the prevalence of chronic conditions such as gastrointestinal (GI) diseases, obesity, and cancer increases, the demand for abdominal surgeries rises. Abdominal closure systems play a vital role in post-surgical wound closure to prevent infections and ensure effective wound healing.

2. Post-Operative Care Awareness:
Growing awareness among patients regarding the importance of post-operative care has led to increased demand for advanced closure systems. This includes better materials and more effective methods to reduce the risk of surgical site infections (SSIs), enhance healing, and improve patient outcomes.

3. Technological Advancements and Product Innovations:
Healthcare providers and manufacturers are focusing on developing more effective closure systems, such as sutures, mesh, and adhesive strips. The introduction of biodegradable sutures and the growing use of anti-microbial coatings to reduce infection risk have become essential market growth drivers. Regulatory approvals for new and innovative products are also boosting market expansion.

4. Focus on Infection Prevention:
Healthcare providers are emphasizing the use of infection-resistant abdominal closure materials to reduce post-surgical complications. This trend is driving the adoption of advanced closure systems, as hospitals and surgical centers aim to lower infection rates and reduce healthcare costs.

5. Growing Focus of Key Players on Product Launches:
Market players are actively pursuing regulatory approvals and launching next-generation abdominal closure systems with features like antimicrobial protection, enhanced tensile strength, and better patient compatibility. This is expected to drive market competition and fuel growth.

Key Market Trends

Use of Biodegradable Sutures: The adoption of biodegradable sutures is growing, as they eliminate the need for removal after wound healing, thereby reducing patient discomfort.
Rise in Laparoscopic Surgeries: Minimally invasive procedures, like laparoscopic surgeries, are increasing, further driving the demand for closure systems that work with smaller incisions.
Preference for Advanced Wound Care Products: There is a shift from traditional sutures to more advanced products, such as adhesive strips and bioactive meshes.
Market Outlook

The abdominal closure systems market is projected to see steady growth due to the rising number of surgical procedures and the growing awareness of infection prevention. The use of more advanced and effective closure techniques will continue to drive the market forward.

Market Highlights

2023 Valuation: USD 134.5 million
2024 Valuation: USD 142.1 million
2034 Valuation: USD 245.0 million
CAGR (2024-2034): 5.6%
The future of the abdominal closure systems market looks promising, with players focusing on innovation, regulatory approvals, and infection-resistant products. These advancements are expected to address the growing demand for more efficient wound care solutions in surgical settings.

Regional Insights

North America: Expected to dominate the market due to high healthcare spending and advanced surgical practices.
Asia-Pacific: Anticipated to witness rapid growth driven by increasing healthcare investments and rising surgical cases related to trauma and obesity.

Competitive Landscape

Substantial investments are seen in the abdominal closure systems industry towards research and development in order to drive innovations. Many of the key players are also focusing on receiving regulatory approvals for launch of their products to the market. Another key strategic focus of these companies is to actively look for strategic collaborations for expansion of their product portfolios.

Recent Industry Developments in Abdominal Closure Systems Market:

In April 2024, Suturion AB, a company focused on the development and innovation of new suturing choice for abdominal wall closure expanded their distribution network in Turkey.
In October 2019, 3M acquired Acelity, Inc., a medical technology company engaged in manufacturing of products for products with specialty surgical applications. This acquisition aided company to expand its product portfolio.
Key Players of Abdominal Closure Systems Industry

ACell Inc.
neoSurgical
Teleflex Incorporated
Medtronic
3M
AbSolutions Med, Inc.
Suturion AB

Key Segments of Abdominal Closure Systems Industry

By Product:

In terms of Product, the industry is divided into laparoscopic abdominal closure devices and traction system

By Indication:

The industry is classified by indication as trauma surgery, laparoscopy and transplantation surgery.

By End User:

The industry is classified by hospitals, ambulatory surgical centers and trauma & emergency centers

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa (MEA) have been covered in the report.

Explore FMI's Related Ongoing Coverage on Healthcare Market Insights Domain:

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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