Global Wound Closure Market By Overview
Injury to any of the tissues of the body, especially that caused by physical means and with interruption of continuity is defined as a wound. Wounds are classified into acute and chronic wounds. Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds. Traditional wound care and closure products are being increasingly substituted with advanced wound closure products due to their efficacy and effectiveness in managing wounds by enabling faster healing. Advanced wound care and closure products are becoming more common as a treatment option for chronic wounds. Due to their efficacy and usefulness in controlling wounds by facilitating faster healing, traditional wound care and closure solutions are rapidly being replaced with advanced wound care and closure products. This is expected to drive the advanced wound care and closure market forward in the near future. The market for advanced wound care and closure products is being driven by efforts to minimise the length of hospital stays in order to lower surgical healthcare expenses, as well as a growing preference for goods that improve therapeutic outcomes. The dangers of inadequate wound healing drive demand for combination dressings, a modern market trend that is displacing traditional wound dressing approaches and supplementing them. The Global Wound Closure Market accounted for US$ 15.11 billion in 2020 and is estimated to be US$ 31.08 billion by 2030 and is anticipated to register a CAGR of 7.50%.
Global Wound Closure Market By Dynamics
Increasing cases of surgical wounds
Moreover, increasing cases of surgical wounds, Ulcers, and associated cases of surgical site infections (SSIs) incidences across the globe is a major factor driving growth of the global wound closure market. In addition, rising incidences of chronic and sub-chronic wounds across the globe in another factor expected to propel growth of the target market in the near future. The rise in the prevalence of chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers is likely to propel the wound closure market forward throughout the forecast period. Furthermore, the increase in the number of accidents is expected to fuel the expansion of the wound closure market. Furthermore, the increased number of operations is expected to cushion the wound closure market's growth. The rise in the price of wound closure products, on the other hand, is expected to hamper the wound closure market expansion over the forecast period. Furthermore, the globalization of the older population and the rise in the prevalence of impairments will create further chances for the wound closure industry to grow in the coming years. Product recalls and the availability of replacements in the industry, on the other hand, may pose a significant barrier to the wound closure market's growth in the near future.
Global Wound Closure Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global wound closure market has been segmented on the basis of product type, wound type, end user, and region.
The product type segment includes Moist Wound Dressings, Wound Therapy Devices, and Active Wound Care. On the basis of wound type the global wound closure market has been segmented Surgical Wounds, Ulcers, Traumatic Wounds, Burns and Other Wounds. The end-user segment includes Hospitals, Clinics, and Ambulatory Surgical Units.
Regional Insights:
Global Wound Closure Market accounted for US$ 15.11 billion in 2020 and is estimated to be US$ 31.08 billion by 2030 and is anticipated to register a CAGR of 7.50%. On region the Global Wound Closure Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2021, the North American region dominated the market, accounting for the highest revenue share. The market in North America is expected to be the highest revenue contributing regional market owing to the high consumer base of knee replacement surgeries, aesthetic surgeries, spinal fusions and hip replacement surgeries. The market in Asia Pacific is expected to show significant growth rates in global wound closure market. This can be attributed to rising demand for wound closure owing to increase in aging population, low disposable income which results into use of inexpensive methods of wound healing in the region.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Product Type - Moist Wound Dressings, Wound Therapy Devices, and Active Wound Care By Wound Type - Surgical Wounds, Ulcers, Traumatic Wounds, Burns and Other Wounds By End User – Hospitals, Clinics, and Ambulatory Surgical Units |
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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 |
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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 Market report based on Product Type, Wound Type, End User and Region.
Global Wound Closure Market, By Region:
- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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Global Wound Closure Market By Key Players
Key players operating in the global wound closure market includes Acelity L.P.Inc., Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, ConvaTec Group plc, Baxter International Inc., Integra LifeSciences Corporation, Medtronic plc, Molnlycke Health Care AB, and Cardinal Health, Inc.
Global Wound Closure Market By Company Profile
- Acelity L.P. Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Smith & Nephew plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Johnson & Johnson
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- B. Braun Melsungen AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ConvaTec Group plc,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Baxter International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Integra LifeSciences Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Medtronic plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Molnlycke Health Care AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cardinal Health, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Wound Closure Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- 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
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Wound Closure Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Wound Type
- Market Snippet, By End-User
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- 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
- Market Dynamics
- Global Wound Closure 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
- Moist Wound Dressings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Wound Therapy Devices
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Active Wound Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wound Closure Market , By Wound 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
- Surgical Wounds
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Ulcers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Traumatic Wounds
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Burns
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Wounds
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wound Closure 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
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Clinics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Ambulatory Surgical Centres
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wound Closure 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 Wound Type, 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 Wound Type, 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 Wound Type, 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 Wound Type, 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 Wound Type, 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
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Acelity L.P. Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Smith & Nephew plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Johnson & Johnson
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- B. Braun Melsungen AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ConvaTec Group plc,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Baxter International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Integra LifeSciences Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Medtronic plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Molnlycke Health Care AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cardinal Health, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global wound closure market has been segmented on the basis of product type, wound type, end user, and region.
Increasing cases of surgical wounds, Ulcers, and associated cases of surgical site infections (SSIs) incidences across the globe is a major factor driving growth of the global wound closure market.
Key players operating in the global wound closure market includes Acelity L.P.Inc., Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, ConvaTec Group plc, Baxter International Inc., Integra LifeSciences Corporation, Medtronic plc, Molnlycke Health Care AB, and Cardinal Health, Inc.
North America is expected to account major market share as compared to that of other regions.
Lack of awareness and availability of product are major restrains for this market