PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617162
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617162
According to Stratistics MRC, the Global Abdominal Closure Systems Market is accounted for $142.1 billion in 2024 and is expected to reach $220.5 billion by 2030 growing at a CAGR of 7.6% during the forecast period. Abdominal closure systems are medical devices used to close surgical incisions or wounds in the abdominal area. These systems include sutures, staples, mesh, and adhesives, designed to support healing and prevent complications like infections or hernias. They are commonly used in various surgeries, including general, trauma, and cesarean section surgeries. The systems ensure proper tissue alignment, facilitate effective wound healing, and reduce the risk of post-surgical complications by providing a secure and reliable closure.
Rising incidence of abdominal disorders
The rising incidence of abdominal disorders, such as hernias, appendicitis, and abdominal trauma, often require surgical interventions, increasing the demand for reliable closure solutions. Additionally, the growing number of abdominal surgeries, fuelled by an aging population and advancements in healthcare, further bolsters the need for such systems. Abdominal closure technologies play a crucial role in preventing post-surgical complications, making them essential in modern surgical care. Furthermore, the global rise in obesity, a key risk factor for hernias and other abdominal disorders, amplifies the need for these systems. With technological innovations and improved healthcare access in developing regions, the market continues to expand to meet the growing demand.
Complications and side effects
Complications and side effects like infections, hernia recurrence, and wound dehiscence reduce patient trust and deter adoption. The risk of adhesion formation and chronic pain associated with some closure systems raises concerns among healthcare providers. Regulatory authorities often impose stricter scrutiny on devices with high complication rates, delaying approvals and market entry. Negative patient experiences can lead to reduced recommendations from surgeons, impacting market demand. Additionally, the costs associated with managing complications discourage hospitals from investing in certain closure systems, further limiting market growth.
Emerging markets growth
The growing middle-class population and increasing disposable incomes in these regions enhance access to quality healthcare. A surge in surgical procedure due to the prevalence of trauma, obesity, and chronic conditions further fuels the demand for abdominal closure systems. Governments' focus on improving healthcare access and medical tourism also creates opportunities for market expansion. Additionally, the availability of cost-effective manufacturing and a rising number of trained medical professionals support market growth. Collaborations and localized product development by key players cater to the unique needs of these regions, propelling further adoption.
Evolving regulatory landscape
The evolving regulatory landscape often requires extensive clinical trials and documentation, increasing the time and cost for product approval. Variability in regulatory standards across regions adds complexity, making it difficult for manufacturers to launch products globally. Frequent updates to guidelines demand continuous adaptation, diverting resources from innovation to compliance. Additionally, smaller players may struggle to meet these requirements, limiting competition and market diversity.
Covid-19 Impact
The COVID-19 pandemic disrupted the abdominal closure systems market by causing delays in elective surgeries, leading to a temporary decline in demand. Hospitals focused on urgent care, reducing the number of non-essential procedures. However, the pandemic also highlighted the importance of efficient, safe surgical outcomes, driving interest in advanced closure technologies. As healthcare systems recover and elective surgeries resume, the market is expected to rebound, with increased demand for innovative and cost-effective closure solutions.
The sutures segment is expected to be the largest during the forecast period
The sutures segment is estimated to have a lucrative growth, due to the abdominal closure systems market. Sutures are widely used for their effectiveness in securely closing abdominal incisions, ensuring proper wound healing and minimizing complications. Innovations in suture materials, such as absorbable and antibacterial-coated sutures, enhance patient outcomes and reduce post-operative care needs. Additionally, the availability of sutures designed for specific abdominal procedures improves precision and surgeon preference. This growing reliance on sutures underscores their pivotal role in advancing abdominal closure technologies, fueling market expansion.
The hospitals segment is expected to have the highest CAGR during the forecast period
The hospitals segment is anticipated to witness the highest CAGR growth during the forecast period, due to effective closure systems to enhance patient outcomes and minimize post-operative complications. The increasing prevalence of conditions like hernias and abdominal trauma necessitates advanced closure solutions, driving market adoption. Moreover, hospitals prioritize patient safety, leading to the use of reliable and innovative systems that reduce infection risks and promote faster recovery. Investments in modern surgical infrastructure by hospitals further bolster the demand for premium closure systems. Additionally, growing healthcare expenditures and a rise in the number of hospital-based surgical procedures globally strengthen this segment's contribution to market growth.
Asia Pacific is projected to hold the largest market share during the forecast period due to the increasing prevalence of abdominal surgeries driven by a growing aging population and rising healthcare needs. Rapid advancements in healthcare infrastructure and the expansion of medical tourism in countries such as India, Thailand, and Malaysia are key factors fuelling market demand. Enhanced awareness of post-operative care and the adoption of advanced surgical techniques further accelerate growth. Additionally, supportive government initiatives, rising healthcare expenditures and an increasing focus on patient safety make the Asia Pacific region a vital growth hub for abdominal closure systems.
North America is projected to have the highest CAGR over the forecast period, driven by increasing surgical procedures and advancements in medical technology. The region's well-established healthcare infrastructure, along with rising awareness of advanced wound management, plays a crucial role in market expansion. The demand for innovative and effective solutions, such as mechanical and biologic systems, is growing due to the need for enhanced recovery and reduced complications in abdominal surgeries. Additionally, North America's strong regulatory framework and the presence of key market players further contribute to the market's expansion in the region.
Key players in the market
Some of the key players profiled in the Abdominal Closure Systems Market include Medtronic, Johnson & Johnson (Ethicon), B. Braun Melsungen AG, Surgical Specialties Corporation, Integra LifeSciences, Covidien, Abbott Laboratories, Smith & Nephew, W.L. Gore & Associates, Molnlycke Health Care, Teleflex Incorporated, Zimmer Biomet, ConvaTec Group, C.R. Bard (Becton Dickinson) and Stryker Corporation.
In August 2024, Abbott announced a global partnership with Medtronic to integrate its continuous glucose monitoring (CGM) technology with Medtronic's insulin delivery systems. This collaboration will utilize Abbott's FreeStyle Libre technology to enhance diabetes management through automated insulin delivery systems.
In November 2023, Medtronic acquired HeartFlow, a leader in non-invasive cardiac testing. This acquisition enables Medtronic to integrate HeartFlow's AI-powered technology, which helps cardiologists assess coronary artery disease.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.