Market Overview:
The global knotless tissue control device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of cancer. In addition, technological advancements in the field of knotless tissue control devices are also contributing to the growth of this market. Based on type, the global knotless tissue control device market is segmented into long-term knotless tissue control devices and short-term knotless tissue control devices. The long-term segment is expected to account for a larger share of the global market than the short-term segment during the forecast period. This can be attributed to factors such as longer lifespan and lower incidence rates of complications associated with long-term knots compared with short-term knots. Based on application, hospitals accounted for a larger share of the global Knotless Tissue Control Device Market in 2017 than clinics and ambulatory surgical centers (ASCs).
Product Definition:
A knotless tissue control device is a small, tubular medical device that helps to control bleeding during surgery. It is inserted into a blood vessel and used to compress the vessel and stop the flow of blood. The importance of knotless tissue control devices is that they help to reduce the risk of complications during surgery, such as uncontrolled bleeding.
Long-term Knotless Tissue Control Device:
The long-term knotless tissue control device, also known as the LKT device or Leksell Gamma Knife Treatment is a type of radiation therapy used to treat cancer. It works by cutting out all the blood vessels that supply the tumor with blood. The treatment can be given to any patient having tumors in many parts of the body such as lungs, liver, kidney and breast among others.
Short-term Knotless Tissue Control Device:
The short-term knotless tissue control device is used for the treatment of abnormal uterine bleeding. It works by creating a seal around the uterus, which prevents blood from leaving and entering the uterus. This helps to maintain an optimal level of hormonal activity in the body, thereby preventing pregnancy complications.
The market for short-term knotless tissue control devices is expected to witness lucrative growth over the forecast period owing to factors such as rising prevalence of irregular menstrual cycles.
Application Insights:
The clinics segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The Knotless Tissue Control Device for clinics has been designed as a one-time use device, which helps reduce surgical costs and also reduces patient trauma. These devices help control tissue bleeding & minimize pain by reducing pressure on sites of injury or inflammation. They are easy to apply & remove, with no residual blood clotting or scarring after application in clinical trials.
The hospitals segment is expected to exhibit significant growth over the forecast period owing to increasing cases of chronic diseases such as cancer, diabetes, etc., across various regions coupled with rising healthcare expenditure globally. According to WHO statistics published in 2018, 1 out of every 3 deaths occur due to CVDs (coronary heart disease and stroke) globally; this number increases up till age 75 years old followed by 2 out of 3 deaths due these diseases during middle age groupings across all regions worldwide.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and high adoption rate for advanced technologies. The region is expected to maintain its dominance over the forecast period due to increasing cases of chronic diseases, rising geriatric population, and growing awareness about knotless tissue control devices.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing medical tourism in emerging economies such as India & China & Japan. Rising incidence of chronic diseases such as diabetes, cancer, & cardiovascular disorders are also contributing toward regional growth.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The Knotless Tissue Control Device market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because the use of Knotless Tissue Control Devices helps in reducing surgical trauma and also leads to faster patient recovery times.
- Technological advancements: The market is expected to benefit from the ongoing technological advancements that are taking place in the field of Knotless Tissue Control Devices. This is because these advancements are helping in introducing new and innovative devices into the market, which are helping surgeons in performing complex procedures with greater accuracy and precision.
- Rising prevalence of cancer: The rising prevalence of cancer is another major growth driver for the Knotless Tissue Control Device market. This is because cancer patients often require surgery as a part of their treatment, which can be facilitated using knotless tissue control devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Knotless Tissue Control Device Market Research Report
By Type
Long-term Knotless Tissue Control Device, Short-term Knotless Tissue Control Device
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
Medtronic, Johnson & Johnson, Medline Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Knotless Tissue Control Device Market Report Segments:
The global Knotless Tissue Control Device market is segmented on the basis of:
Types
Long-term Knotless Tissue Control Device, Short-term Knotless Tissue Control Device
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Johnson & Johnson
- Medline Industries
Highlights of The Knotless Tissue Control Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long-term Knotless Tissue Control Device
- Short-term Knotless Tissue Control Device
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Knotless Tissue Control Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A knotless tissue control device is a medical device that helps to reduce the amount of scarring and inflammation after surgery. It works by using gentle suction to remove excess blood and fluid from the surgical site, which reduces the risk of infection.
Some of the key players operating in the knotless tissue control device market are Medtronic, Johnson & Johnson, Medline Industries.
The knotless tissue control device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Knotless Tissue Control Device Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Knotless Tissue Control Device Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Knotless Tissue Control Device Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Knotless Tissue Control Device Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Knotless Tissue Control Device Market Size & Forecast, 2020-2028 4.5.1 Knotless Tissue Control Device Market Size and Y-o-Y Growth 4.5.2 Knotless Tissue Control Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Long-term Knotless Tissue Control Device
5.2.2 Short-term Knotless Tissue Control Device
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Knotless Tissue Control Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Knotless Tissue Control Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Long-term Knotless Tissue Control Device
9.6.2 Short-term Knotless Tissue Control Device
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Long-term Knotless Tissue Control Device
10.6.2 Short-term Knotless Tissue Control Device
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Long-term Knotless Tissue Control Device
11.6.2 Short-term Knotless Tissue Control Device
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Long-term Knotless Tissue Control Device
12.6.2 Short-term Knotless Tissue Control Device
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Long-term Knotless Tissue Control Device
13.6.2 Short-term Knotless Tissue Control Device
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Knotless Tissue Control Device Market: Competitive Dashboard
14.2 Global Knotless Tissue Control Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Johnson & Johnson
14.3.3 Medline Industries