Wound Closure Device Market, By Product Type (Sutures, Hemostatics Agents, Staplers, Staples, and Others), By Application (Gynaecology, Cardiology, Ophthalmic, Orthopedics, General Surgery and Others), By End User (Hospitals & Ambulatory Surgical Centers, Specialty Clinics and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI484422 | Publish Date: April 2023 | No. of Pages: 165

Global Wound Closure Device Market Overview

The term "wound closure devices" refers to any device that aids in the healing of a wound. The procedure entails drawing the incision edges and tissues together, which aids in healing. Wound closure devices include strips, adhesives, sutures, mechanical wound closure devices, and staples. One of the primary factors driving the growth of the wound closure devices market is the rise in the number of operations performed around the world. The rise in demand for these devices, which help to strengthen injured tissue and reduce tissue trauma, as well as an increase in the prevalence of disabilities, is propelling the market forward. Only a needle and thread were used to close wounds in the past. Surgical techniques and advancements in the traditional method of wound closure led to the creation of new and modern equipment for wound closure surgical procedures. New wound closure procedures have emerged as a result of changes to the old method. Following wound closure, rapid activity occurs due to neovascularization and epithelization. The matrix extracellular components begin to organize themselves. During the healing process of granulation, specific growth factors are involved. For the past three decades, cyanoacrylate has been employed as a surgical glue due to its cosmetic outcomes. Wound closure devices are used to draw the wound's margins together. This is done in a way that prevents infections following the surgery. The Wound Closure Device Market accounted for US$ 144.96 billion in 2020 and is estimated to be US$ 26.93 billion by 2030 and is anticipated to register a CAGR of 6.10%.

Global Wound Closure Device Market Dynamics

Increase in chronic wounds boost the market growth

The global wound closure device market is expected to grow in the coming years, due to an increase in chronic wounds and a rise in the number of road traffic accidents. Furthermore, a rise in the number of procedures performed around the world is expected to increase demand for wound closure devices. Chronic wounds such as pressure ulcers, venous leg ulcers, and diabetic foot ulcers are projected to boost demand in the surgical wound closure device market in the near future. The rate of pressure ulcers is rising due to an increase in the frequency of impairments and an older population around the world. Furthermore, pressure ulcers are common among nursing home residents. The rise in demand for these devices, which help to strengthen injured tissue and reduce tissue trauma, as well as an increase in the prevalence of disabilities, is propelling the market forward. The market is influenced by the rising acceptance of the devices because they lower the risk of excessive scarring and infection, as well as the rise in the occurrence of chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers. Furthermore, an increase in the senior population, an increase in the number of accidents, an increase in healthcare spending, and the incidence of chronic wounds all benefit the wound closure devices industry. Furthermore, in the projected period, technical advances in these devices provide profitable potential for market players.

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Global Wound Closure Device Market Segmentation

 

                                      Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The Global Wound Closure Device Market is segmented based on product type, application, end-user and region.

On the basis of Product Type, the Global Wound Closure Device Market is segmented into Sutures, Hemostatics Agents, Staplers, Staples, and Others. Based on Application, the target market is segmented into Gynaecology, Cardiology, Ophthalmic, Orthopedics, General Surgery and Others. Based on End-User, the target market is segmented into Hospitals & Ambulatory Surgical Centers, Specialty Clinics and Others.

Regional Insights:

 

                                                                                                               Source: Prophecy Market Insights

                                  

On region the Global Wound Closure Device Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the wound closure devices market because of the presence of major players and increasing number of patients undergoing surgeries within the region. Asia Pacific accounts for a sizable portion of the worldwide market. Rising government investment in healthcare infrastructure, as well as rapid industrialization and urbanization in countries like India and China, are expected to provide a favorable market growth rate in terms of both value and volume. The COVID-19 crisis has had a significant influence on several countries in the Asia Pacific area, resulting in a decrease in sporting activities. As a result, demand for sports injury treatment is expected to be low in Q1 and Q2 of 2020. During the projected period, government backing and improved healthcare systems would contribute to the growth of the next generation wound closure market in this region.

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Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Product Type- Sutures, Hemostatics Agents, Staplers, Staples, and Others

By Application– Gynaecology, Cardiology, Ophthalmic, Orthopedics, General Surgery and Others

By End-user- Hospitals & Ambulatory Surgical Centers, Specialty Clinics and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Wound Closure Device Market report based on Product Type, Application, End-User and region.

Global Wound Closure Device Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Wound Closure Device Market Key Players

The key players operating in the dental crown and bridges market are Medtronic, Abbott, Integra LifeSciences Corporation, Radcliffe Medical Media, B. Braun Melsungen AG, BSN medical, Smith + Nephew, Baxter, 3M, Teleflex Incorporated, ConvaTec Group PLC, Coloplast, Arthrex Inc., DACH Medical Group, IVT Medical Ltd., Dolphin Sutures, Johnson & Johnson Services Inc., Boston Scientific Corporation, Welfare Medical Ltd., Riverpoint Medical and CryoLife Inc.

Global Wound Closure Device Market Company Profile

  • Medtronic
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Abbott
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Integra LifeSciences Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Radcliffe Medical Media
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • B. Braun Melsungen AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BSN medical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Smith + Nephew
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Baxter
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Wound Closure Device Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Electric Vehicle Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End-User
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Wound Closure Device Market, By Product Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Sutures
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Hemostatics Agents
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Staplers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Staples
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Wound Closure Device Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview                      
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Gynaecology
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cardiology
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Ophthalmic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Orthopedics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • General Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Wound Closure Device Market, By End-User, 2020 – 2030, (US$ Mn)
    • Overview                                      
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hospitals & Ambulatory Surgical Centers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Specialty Clinics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Wound Closure Device Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
  • Medtronic
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Abbott
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Integra LifeSciences Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Radcliffe Medical Media
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • B. Braun Melsungen AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BSN medical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Smith Nephew
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Baxter
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Global Wound Closure Device Market is segmented based on product type, application, end-user and region.

Increase in chronic wound is major factor driving the market.

During the forecast period, North America is expected to dominate the market.

The key players operating in the dental crown and bridges market are Medtronic, Abbott, Integra LifeSciences Corporation, Radcliffe Medical Media, B. Braun Melsungen AG, BSN medical, Smith + Nephew, Baxter, 3M, Teleflex Incorporated, ConvaTec Group PLC, Coloplast, Arthrex Inc., DACH Medical Group, IVT Medical Ltd., Dolphin Sutures, Johnson & Johnson Services Inc., Boston Scientific Corporation, Welfare Medical Ltd., Riverpoint Medical and CryoLife Inc.