PUBLISHER: DataM Intelligence | PRODUCT CODE: 1542978
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1542978
Report Overview
The Global Fasciotomy Market reached US$ 4.15 billion in 2023 and is expected to reach US$ 6.68 billion by 2031, growing at a CAGR of 6.3% during the forecast period 2024-2031.
Fasciotomy is a surgical procedure where the fascia is cut to relieve tension or pressure to treat the resulting loss of circulation to an area of tissue or muscle. Fasciotomy is a limb-saving procedure when used to treat acute compartment syndrome. It is also sometimes used to treat chronic compartment stress syndrome. The procedure has a very high rate of success, with the most common problem being accidental damage to a nearby nerve.
Before the procedure, doctors administer regional or general anesthesia. The surgeon makes an incision above the affected muscle compartment, opening the restrictive fascia-thick sheets of connective tissue-to relieve pressure and increase blood flow to muscles and nerves. More than one incision may be required if multiple muscles are affected.
Market Dynamics: Drivers
Increasing prevalence of compartment syndrome
The demand for the global fasciotomy market is driven by multiple factors. The rising prevalence of compartment syndrome propels the market growth.
Furthermore, the demand for treatment will be fueled by technological advancements. For instance, according to nih.gov, The incidence of acute compartment syndrome is estimated to be 7.3 per 100,000 in males and 0.7 per 100,000 in females, with the majority of cases occurring after trauma. Tibial shaft fracture is the most common cause of acute compartment syndrome and is associated with a 1 to 10 percent incidence of acute compartment syndrome.
Acute compartment syndrome occurs more commonly in males younger than 35, which may be due to a larger relative intracompartmental muscle mass and increased likelihood of being involved in high-energy trauma. Patients with bleeding diathesis, such as hemophilia, are at greater risk for acute compartment syndrome. Cases of acute compartment syndrome have been reported without acute precipitating trauma in pediatric leukemia.
Restraints
Factors such as high costs associated with the procedure and stringent regulatory requirements for the approval of new treatments are expected to hamper the market.
Market Segment Analysis
The global fasciotomy market is segmented based on type, application, end-user, and region.
The segment skin graft fasciotomy instrument (STSG) accounted for approximately 58% of the global fasciotomy market share
The skin graft fasciotomy instrument (STSG) segment is expected to hold the largest market share over the forecast period. In this segment, the development of government regulation, and rising funds for private manufacturers for research would drive this market.
For instance, in April 2021, the US Food and Drug Administration (FDA) granted 510(k) approval to Chemence Medical's redesigned Exofin fusion skin closure system. Exofin fusion offers a self-adhering, flexible mesh strip and a rapidly curing 2-octyl cyanoacrylate topical adhesive, which covers and seals incisions while also creating an immediate microbial barrier to protect against infections.
Market Geographical Analysis
North America accounted for approximately 42% of the global fasciotomy market share
North America region is expected to hold the largest market share over the forecast period. The rising incidence of compartment syndrome, technological advancements, and growing awareness among people, in this region, help to propel the market.
For instance, according to clevelandclinic.org, experts estimate that fewer than 10 in every 100,000 people in the U.S. experience acute compartment syndrome each year. However, it's much more common in people who have some types of bone fractures (broken bones). For example, studies estimate that around 10% of people who break their tibia develop compartment syndrome.
For instance, in February 2020, Bioprinting company T&R Biofab announced a new collaboration agreement with Ethicon Llc., Inc., a Johnson & Johnson Medical Device Company. The partnership aims to develop a 3D bioprinted soft tissue scaffold for wound treatments, reconstructive surgery, and more.
Market Competitive Landscape
The major global players in the global fasciotomy market include Zipline Medical Inc., Stryker Corporation, DermaClose, Terumo Corporation, Merit Medical Systems, Ethicon Llc., Cardinal Health, 3M, Biopro Inc., and Southmedic Inc. among others.
The global fasciotomy market report would provide approximately 51 tables, 54 figures, and 181 Pages.
Target Audience 2024