Global Laceration Closure Devices Market – Industry Trends and Forecast to 2030

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 Laceration Closure Devices Market Analysis and Size

The increasing frequency of recurring injury has created a tremendous interest in injury-mending devices that are both productive and smart. Lifestyle diseases are one of the major causes of numerous injuries, such as pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Growth in the demand for surgical expense reduction has given a boost to products capable of improving remedial outcomes by reducing hospital visits and stay, which are important factors for the laceration closure devices market.

Data Bridge Market Research analyses that the laceration closure devices market which was USD 9.53 billion in 2022, is expected to reach USD 17 billion by 2030, at a CAGR of 7.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Laceration Closure Devices Market Scope and Segmentation  

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Market Definition

A laceration is a torn, uneven cut in the skin caused by a sharp object injury or damage from a blunt force or force. A laceration device closes the wound by pulling the wound's two edges together. During the forecast period, the increase in trauma, burns, accidents, and sports-related injuries is expected to significantly impact laceration devices.

Global Laceration Closure Devices Market Dynamics

Drivers

• Rising incidences of chronic wounds

The demand for skin closure devices is expected to upsurge throughout the forecast period due to chronic wounds such as venous leg ulcers, pressure ulcers and diabetic foot ulcers. Additionally, the frequency of procedures and accidents is rising. This will boost the market growth.

• Rising demand of skin closure solutions

Initiatives to shorten hospital stays in order to reduce the cost of surgical healthcare, as well as a growing preference for goods that improve therapeutic outcomes, are driving demand for skin closure devices. According to a 2017 poll conducted by the American Professional Wound Care Association, nearly 15% of Medicare recipients have chronic non-healing wounds (8.2 million). This will help the market to grow.

Opportunities

• Technological advancements in laceration closure devices

The DermaClip skin closure device is a novel, non-invasive, painless, and easy-to-use wound closure device that eliminates the need for needles or harsh anaesthetic injections, which would otherwise cause additional damage to the injured area. A trial established the DermaClip device's efficacy in meeting the needs of clinical applications. Furthermore, no adverse events occurred during the product safety test. The device's efficacy, combined with its ease of use and minimal application requirements, makes it an excellent wound closure device for use in emergency and battlefield situations. This advancement is expected to grow the market.

Restraints/Challenges

• Side effects of laceration closure devices

According to the American Academy of Opthalmology, surgical repair of canalicular lacerations has resulted in pain, bleeding, infection, vision loss (though this is extremely rare), and scarring (or poor healing). Furthermore, canalicular laceration healing failure may cause nasolacrimal duct drainage issues. For instance, dog bites, are a common cause of canalicular lacerations due to their proclivity to occur near the medial canthus as are blunt shear injuries. These factors hamper the growth of the market.

This laceration closure devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laceration closure devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Laceration Closure Devices Market

The Covid-19 crisis has affected all medical professionals. Because of the novel coronavirus (COVID-19, SARS-COV-2) outbreak, practice guidelines are constantly changing. Many states and consensus guidelines recommend limiting non-urgent operations and patient interaction to save personal protective equipment and limit patient and physician exposure. Furthermore, doctors attempted to use wound closure technologies to provide adequate wound support while reducing direct contact with patients. For minor wounds, cutaneous absorbable sutures or fast-absorbing gut sutures are good choices. A more durable superficial closure approach for larger wounds would not fail prematurely and could be easily removed by the patient at home using an ARS device (adhesive retention suture).

Global Laceration Closure Devices Market Scope

The laceration closure devices market is segmented on the basis of wound type, product, end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Staples
• Hemostats
• Adhesives
• Sutures
• Absorbable
• Non-absorbable
• Braided 
• Monofilament
• Strips
• Sealants
• Wound Strips
• Mechanical Wound Closure Devices

 Wound Type

• Acute
• Chronic
• Burns
• Ulcers
• Surgical Wounds
• Others

 End-User

• Hospitals
• Ambulatory Surgery Centers
• Others

Laceration Closure Devices Market Regional Analysis/Insights

The laceration closure devices market is analyzed and market size insights and trends are provided by country, wound type, product, end-user as referenced above.

The countries covered in the laceration closure devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the laceration closure devices market due to the easy availability to new techniques and technology and highly established medical and healthcare infrastructure.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the growing medical infrastructure and rising opportunities for the leading players in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The laceration closure devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for laceration closure devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laceration closure devices market. The data is available for historic period 2011-2021.

Competitive Landscape and Laceration Closure Devices Market Share Analysis

The laceration closure devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to laceration closure devices market.

Some of the major players operating in the laceration closure devices market are:

• TISSIUM (France)
• Arthrex Inc. (Germany)
• DACH Medical Group (Austria)
• IVT Medical Ltd. (Israel)
• Dolphin Sutures (India)
• Johnson & Johnson Services, Inc. (U.S.)
• Boston Scientific Corporation (U.S.)
• Welfare Medical Ltd. (India)
• Riverpoint Medical (U.S.)
• CryoLife Inc. (U.S.)
• Medtronic (Ireland)
• Abbott (U.S.)
• Integra LifeSciences (U.S.)
• B. Braun SE (Germany)
• Smith+Nephew (U.K.)
• Baxter (U.S.)
• 3M (U.S.)

Research Methodology: Global Laceration Closure Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report. 

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