Global Wound Closure Devices Market, By Product Type (Adhesives, Staples, Sutures, Sealants, and Mechanical Devices), Wound Type (Acute Wound and Chronic Wound), Application (Burns, Ulcer, Surgical Wounds, Pressure Ulcers, Diabetic Ulcers, and Arterial Ulcers), End User (Hospitals, Community Healthcare Service Providers, Ambulatory Surgical Centers, and Home Care) – Industry Trends and Forecast to 2030.
Wound Closure Devices Market Analysis and Size
Wound closure devices play a crucial role in medical procedures, surgeries, and wound management. They are used to facilitate the closure of surgical incisions, traumatic injuries, and chronic wounds, helping to promote healing and reduce the risk of infection. Ensuring the availability and advancement of these devices is vital for the well-being of patients.
Data Bridge Market Research analyses that the global wound closure devices market which was USD 249.45 million in 2022, is expected to reach USD 1,394.36 million by 2030, and is expected to undergo a CAGR of 4.2% during the forecast period 2023-2030. This indicates the market value. “Adhesives” is expected to dominate the product type segment of the global wound closure devices market owing to the growing demand for personalized treatment. 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Adhesives, Staples, Sutures, Sealants, and Mechanical Devices), Wound Type (Acute Wound and Chronic Wound), Application (Burns, Ulcer, Surgical Wounds, Pressure Ulcers, Diabetic Ulcers, and Arterial Ulcers), End User (Hospitals, Community Healthcare Service Providers, Ambulatory Surgical Centers, and Home Care)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Mölnlycke Health Care AB. (Sweden), Smith & Nephew plc (U.K.), Medline Industries, Inc. (U.S.), AVITA Medical (U.K.), ConvaTec Inc. (U.K.), Cytori Therapeutics Inc. (U.S.), Human BioSciences (U.S.), Stryker Corporation ( U.S.), Organogenesis Inc. (U.S.), and Wright Medical Group N.V. (U.S.)
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Market Opportunities
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Market Definition
The global wound closure devices market can be defined as the worldwide market for medical devices used to close wounds and incisions after surgery or injury. These devices are essential in healthcare for various procedures, ranging from minor cuts and wounds to major surgical interventions. The market includes a wide range of products designed to facilitate the closure of wounds, promote healing, and reduce the risk of infection and other complications.
Global Wound Closure Devices Market Dynamics
Drivers
- Increasing Surgical Procedures
The rising number of surgical procedures, including elective surgeries, trauma surgeries, and minimally invasive procedures, fuels the demand for wound closure devices. As medical technology advances, more patients can benefit from surgical interventions for various health conditions.
- Advancements in Technology
Ongoing advancements in medical device technology have led to the development of more effective and efficient wound closure devices. These devices are now designed to minimize tissue damage, reduce infection risks, and improve overall patient outcomes.
Opportunity
- Rising Prevalence of Chronic Wounds
The prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, is increasing due to factors like diabetes and an aging population. Advanced wound closure devices are essential for managing these conditions and facilitating wound healing.
Restraints/Challenges
- High Cost of Advanced Devices
Advanced wound closure devices can be expensive. The cost of materials, technology, and the need for specialized training in their use can limit their adoption in some healthcare settings, particularly in resource-constrained environments.
Recent Developments
- In November 2020, Healthium launched Trubarb, a knotless tissue closure device, an effective triangular end stopper that eliminates the need for knotting when compared to a regular suture
- In March 2020, Advanced Medical Solutions Limited received FDA approval for LiquiBand Plus, intended to close easily approximated skin edges of wounds from surgical incisions
- In February 2020, Foosin Medical Supplies Inc., Ltd received FDA clearance for Wego-Stainless Steel suture for use in abdominal wound closure, hernia repair, and sternal closure
Global Wound Closure Devices Market Scope
The global wound closure devices market is segmented on the basis of product type, wound type, application, and 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 Type
- Adhesives
- Staples
- Sutures
- Sealants
- Mechanical devices
Wound Type
- Acute wound
- Chronic wound
Application
- Burns
- Ulcer
- Surgical wounds
- Pressure ulcers
- Diabetic ulcers
- Arterial ulcers
End User
- Hospitals
- Community healthcare service providers
- Ambulatory surgical centers
- Home care
Global Wound Closure Devices Market Regional Analysis/Insights
The global wound closure devices market is analysed and market size insights and trends are provided by country, product type, wound type, application, and end user as referenced above.
The countries covered in the global wound closure devices market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa.
North America is expected to dominate the global wound closure devices market because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people having chronic diseases.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for chronic diseases, the large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, the 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 global wound closure devices market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global wound closure devices market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on global the global wound closure devices market.
Competitive Landscape and Global Wound Closure Devices Market Share Analysis
The global wound closure devices market competitive landscape provides details by competitors. 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 the global wound closure devices market.
Some of the major players operating in the global wound closure devices market are:
- Mölnlycke Health Care AB. (Sweden)
- Smith & Nephew plc (U.K.)
- Medline Industries, Inc. (U.S.)
- AVITA Medical, (U.K.)
- ConvaTec Inc. (U.K.)
- Cytori Therapeutics Inc. (U.S.)
- Human BioSciences (U.S.)
- Stryker Corporation (U.S.)
- Organogenesis Inc. (U.S.)
- Wright Medical Group N.V. (U.S.)
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