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Consumer Staples : Tobacco | Large Cap Value
Company profile

Altria Group, Inc. is a holding company. The Company's segments include smokeable products, smokeless products and wine. The Company's subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets. Other subsidiaries include Altria Group Distribution Company and Altria Client Services LLC.

Postmarket

Last Trade
Delayed
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0.00 (0.00%)
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Market Hours

Closing Price
$50.47
Day's Change
-0.215 (-0.42%)
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B/A Size
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Day's High
50.83
Day's Low
49.88
Volume
(Light)
Volume:
5,717,410

10-day average volume:
8,493,197
5,717,410

Wound Closure Devices Market to Grow by USD 4.50 Billion during 2021-2025 | 3M Co. and B. Braun Melsungen AG Emerge as Key Contributors | Technavio

6:30 am ET March 18, 2021 (PR Newswire) Print

The global wound closure devices market is expected to grow by USD 4.50 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 7%.

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Read the 120-page report with TOC on "Wound Closure Devices Market Analysis Report by Product (Sutures, Hemostats, Surgical staples, Wound sealants, and Wound strips) and Geography (North America, Europe, Asia, and ROW), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions.

More Details: https://www.technavio.com/report/report/wound-closure-devices-market-industry-analysis

The wound closure devices market is driven by the rising demand for cosmetic and plastic surgeries. In addition, the increasing prevalence of acute and chronic wounds is anticipated to boost the growth of the wound closure devices market.

There has been an increasing popularity of plastic and cosmetic surgeries in both surgical and non-surgical procedures. These surgeries can be performed in areas such as the head, neck, and body that include surgeries like rhinoplasty, breast and cheek enhancement, augmentation, lift and reduction, tummy tuck, liposuction, gynecomastia treatment, laser resurfacing, and filler treatments. These surgeries focus on reconstructing the normal shape and appearance. Wound closure devices such as synthetic and absorbable sutures, adhesives, surgical staples and tapes, tissue sealants, hemostats, and mechanical wound closure devices are used to close wounds post plastic and cosmetic surgeries. The increasing popularity and demand for cosmetic and plastic surgeries are expected to contribute to the growth of wound closure devices significantly.

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Major Five Wound Closure Devices Companies:

3M Co.

3M Co. operates business through Safety and Industrial, Transportation and Electronics, Health Care, Consumer, and Corporate and Unallocated. The company offers Skin Closure devices under the brand name Steri-Strip.

B. Braun Melsungen AG

B. Braun Melsungen AG operates business through B. Braun Hospital Care, B. Braun Aesculap, B. Braun Out Patient Market, and B. Braun Avitum. The company offers wound closures such as Surgical Sutures, Mechanical Staplers, Surgical Meshes, Tissue adhesives, Hemostats, Bone Regenerator, Endoluminal Vacuum Therapy, and Simple Management of Needles and Blades.

Baxter International Inc.

Baxter International Inc. operates business through Americas, EMEA, and APAC. The company offers ARTISTS fibrin sealant to adhere autologous skin grafts and tissue flaps to wound beds.

DeRoyal Industries Inc.

DeRoyal Industries Inc. operates business through the Unified segment. The company offers wound closure strips under the brand, episeal.

Essity Aktiebolag (publ)

Essity Aktiebolag (publ) operates business through Personal Care, Consumer Tissue, and Professional Hygiene. The company offers wound closure products under the brand name Leukoplast and Cutimed.

Wound Closure Devices Market Product Outlook (Revenue, USD billion, 2020-2025)

-- Sutures - size and forecast 2020-2025

-- Hemostats - size and forecast 2020-2025

-- Surgical staples - size and forecast 2020-2025

-- Wound sealants - size and forecast 2020-2025

-- Wound strips - size and forecast 2020-2025

Wound Closure Devices Market Geography Outlook (Revenue, USD billion, 2020-2025)

-- North America - size and forecast 2020-2025

-- Europe - size and forecast 2020-2025

-- Asia - size and forecast 2020-2025

-- ROW - size and forecast 2020-2025

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About TechnavioTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com/Report page: https://www.technavio.com/report/wound-closure-devices-market-industry-analysis

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SOURCE Technavio

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