Minimally Invasive Fascial Closure Device Market Size is valued at USD 331.2 Mn in 2023 and is predicted to reach USD 502.5 Mn by the year 2031 at a 5.35% CAGR during the forecast period for 2024-2031.
Fascia surrounds and supports your muscles and organs. Minimally Invasive Fascial Closure Devices are carefully designed to minimize tissue injury and operation complications. Its deployment mechanism usually threads sutures or anchors through the fascial layer for secure closure. The device reduces the risk of herniation and wounds by sealing the fascial layer without disturbing neighbouring tissues. The technology behind these significant devices continues to evolve, offering surgeons precise and reliable tools to improve surgical outcomes. The global obesity epidemic is driving the minimally invasive fascial closure device industry.
However, the market development is hampered by the high-cost criteria for the safety and health of the minimally invasive fascial closure device market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high low code technology in insurance because of the high-tech materials and processes used in their design and production, the price of these devices has risen. The exorbitant price tag of these cutting-edge surgical tools is one of the main things holding back the market from expanding. Due to the COVID-19 pandemic, which has affected the worldwide market and forced the closure of numerous factories in an effort to protect their personnel from contracting the virus, the expansion of the industry may be hindered.
The minimally invasive fascial closure device market is segmented based on type and application. Based on type, the market is segmented into winged structure and shield structure. By application, the market is categorized into hospital and clinic.
The winged structure minimally invasive fascial closure device market is expected to lead with a major global market share in 2022. With its wing design, this surgical fascial closure tool aids in secure closure and cell proximity. The winged shape provides enhanced grip and traction, and the focus is on targeted and monitored closure of fascial abnormalities using minimally invasive techniques.
The hospital industry uses the bulk of acrylic acid ester because hospitals perform an overabundance of minimally invasive surgical procedures. By using less invasive fascial closure devices, hospitals are equipped with first-rate surgical centers and trained staff, especially in countries like the US, Germany, the UK, China, and India.
The North American minimally invasive fascial closure device market is expected to record a large market share in revenue in the near future. This can be attributed to the region's healthcare system is well regarded, and minimally invasive techniques and innovative surgical equipment are commonly used. In addition, Asia Pacific is foreseen to grow rapidly in the global minimally invasive fascial closure device market because of growing disposable money, cutting-edge product development, and healthcare spending.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 331.2 Mn |
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Revenue Forecast In 2031 |
USD 502.5 Mn |
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Growth Rate CAGR |
CAGR of 5.35% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Teleflex Medical, Medtronic, CooperSurgical S, Golden Stapler, Pride Medical Equipment, Double Medical Technology, Jiangsu Anno, Dongfeng Yihe, Portoria Medical, Jiangsu Baoduoliya Medical Technology, Hangzhou Valued Medtech, Henan Shenghua, Endosystem, Jiangsu Hongai Medical Technology, and Anhui Aofo. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Minimally Invasive Fascial Closure Device Market Snapshot
Chapter 4. Global Minimally Invasive Fascial Closure Device Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.2.1. Winged Structure
5.2.2. Shield Structure
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Hospital
6.2.2. Clinic
Chapter 7. Minimally Invasive Fascial Closure Device Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.1.2. North America Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.1.3. North America Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.2.2. Europe Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.2.3. Europe Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.3.2. Asia-Pacific Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.3.3. Asia Pacific Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.4.2. Latin America Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.4.3. Latin America Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.5.2. Middle East & Africa Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.5.3. Middle East & Africa Minimally Invasive Fascial Closure Device Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Teleflex Medical (U.S.)
8.2.2. Medtronic (Germany)
8.2.3. CooperSurgical (U.S.)
8.2.4. Golden Stapler (China)
8.2.5. Pride Medical Equipment (U.S.)
8.2.6. Double Medical Technology (China)
8.2.7. Jiangsu Anno (China)
8.2.8. Dongfeng Yihe (China)
8.2.9. Portoria Medical (China)
8.2.10. Jiangsu Baoduoliya Medical Technology (China)
8.2.11. Hangzhou Valued Medtech (China)
8.2.12. Henan Shenghua (China)
8.2.13. Endosystem (U.S.)
8.2.14. Jiangsu Hongai Medical Technology (China)
8.2.15. Anhui Aofo (China)
Minimally Invasive Fascial Closure Device Market By Type-
Minimally Invasive Fascial Closure Device Market By Application-
Minimally Invasive Fascial Closure Device Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
