Market Overview:
The global wound closure devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic wounds, technological advancements in wound closure devices, and rising demand for minimally invasive procedures. Based on type, the global wound closure devices market is segmented into closure strips, tissue adhesive, and sutures. Sutures are further sub-segmented into absorbable sutures and non-absorbable sutures. Absorbable sutures are expected to dominate the global wound closure devices market during the forecast period owing to their properties such as biodegradability and lesser tissue reaction as compared to non-absorbable sutures. Based on application, the global wound closure devices market is segmented into hospital and clinic settings.
Product Definition:
A wound closure device is a medical device used to close wounds. The devices come in a variety of forms, including sutures, staples, and adhesive bandages. Wound closure devices are used to close wounds quickly and effectively to minimize the risk of infection and promote healing.
Closure Strips:
Clinical wound care is a field that deals with the prevention of infections and the promotion of tissue healing. The major aim of wound closure strips is to prevent exudation (release) from wounds. These are most commonly used in chronic non-healing and acute wounds, but can also be used on fresh injuries if there's no risk of infection.
Tissue Adhesive:
Tissue adhesives are used for wound closure in various wound care devices. The primary function of tissue adhesives is to provide a scaffold that helps form a hydrogel around the damaged area and promote healing. They also have the ability to adhere firmly to skin, which enables better handling of surgical tissues during surgeries. Tissue adhesives can be classified as synthetic or natural based on their composition and mechanism of action (inhibiting factors).
Application Insights:
The hospital application segment led the global wound closure devices market in 2017. The segment is anticipated to expand at a steady CAGR over the forecast period owing to rising cases of chronic wounds and trauma injuries across hospitals. According to WHO, around 15-20% of patients suffer from some form of chronic wounds every year. These types of wounds include diabetic foot ulcers, venous leg ulcers and pressure ulcers among others.
According to a study published by NCBI in 2018, about 60 million people are suffering from chronic leg ulcers worldwide which amounts to about 1% of the population globally. In addition, another study states that nearly 2 million people develop new cases every year for calfskin lesions which amounts Ulcerative Colitis (UC) or Crohn¢â‚¬â„¢s disease (CD).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key companies and increased healthcare expenditure. The region is expected to maintain its dominance over the forecast period due to factors such as favorable reimbursement policies, increasing prevalence of chronic wounds, and rising awareness about advanced technologies for closure procedures.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to an increase in medical tourism by various governments across countries such as China, India, Japan & South Korea. In addition, growing penetration of international manufacturers in this region will drive growth further. For instance; B Braun Melsungen AG launched its new wound care product range including skin adhesive tapes called ‘B Braun ActiveTape’ which has been designed especially for patients with diabetes or obese people with leg ulcers or pressure sores (also known as bedsores).
Growth Factors:
- Increasing incidence of chronic wounds: The global prevalence of chronic wounds is estimated to be around 6.7%. This number is expected to grow due to the increasing aging population and rising rates of diabetes and obesity. This will create demand for wound closure devices as these are used in the treatment of chronic wounds.
- Technological advancements: The development of new technologies has led to the introduction of novel wound closure devices such as adhesive sealants, tissue adhesives, and sutures that are faster, easier-to-use, and cause less pain than traditional methods. These advancements are likely to drive market growth in the coming years.
- Growing demand for minimally invasive procedures: Minimally invasive procedures are becoming increasingly popular due to their shorter recovery times and lower risks compared with traditional surgery techniques. Wound closure devices that can be used in minimally invasive procedures are likely to see high demand in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wound Closure Devices Market Research Report
By Type
Closure Strips, Tissue Adhesive, Sutures
By Application
Hospital, Clinic
By Companies
Medtronic, Medline Industries, Teleflex, BSN medical, Baxter International, Radi Medical Systems, Abbott Vascular, NeatStitch, Derma Sciences, Ethicon (Johnson & Johnson)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Wound Closure Devices Market Report Segments:
The global Wound Closure Devices market is segmented on the basis of:
Types
Closure Strips, Tissue Adhesive, Sutures
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Medline Industries
- Teleflex
- BSN medical
- Baxter International
- Radi Medical Systems
- Abbott Vascular
- NeatStitch
- Derma Sciences
- Ethicon (Johnson & Johnson)
Highlights of The Wound Closure Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Closure Strips
- Tissue Adhesive
- Sutures
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wound Closure Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wound closure devices are medical devices that help to close wounds. They can be used in a variety of ways, including as a temporary or permanent fix for open wounds.
Some of the key players operating in the wound closure devices market are Medtronic, Medline Industries, Teleflex, BSN medical, Baxter International, Radi Medical Systems, Abbott Vascular, NeatStitch, Derma Sciences, Ethicon (Johnson & Johnson).
The wound closure devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wound Closure Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wound Closure Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wound Closure Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wound Closure Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wound Closure Devices Market Size & Forecast, 2018-2028
4.5.1 Wound Closure Devices Market Size and Y-o-Y Growth
4.5.2 Wound Closure Devices Market Absolute $ Opportunity
Chapter 5 Global Wound Closure Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wound Closure Devices Market Size Forecast by Type
5.2.1 Closure Strips
5.2.2 Tissue Adhesive
5.2.3 Sutures
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wound Closure Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wound Closure Devices Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wound Closure Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wound Closure Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wound Closure Devices Analysis and Forecast
9.1 Introduction
9.2 North America Wound Closure Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wound Closure Devices Market Size Forecast by Type
9.6.1 Closure Strips
9.6.2 Tissue Adhesive
9.6.3 Sutures
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wound Closure Devices Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wound Closure Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Wound Closure Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wound Closure Devices Market Size Forecast by Type
10.6.1 Closure Strips
10.6.2 Tissue Adhesive
10.6.3 Sutures
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wound Closure Devices Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wound Closure Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wound Closure Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wound Closure Devices Market Size Forecast by Type
11.6.1 Closure Strips
11.6.2 Tissue Adhesive
11.6.3 Sutures
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wound Closure Devices Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wound Closure Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Wound Closure Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wound Closure Devices Market Size Forecast by Type
12.6.1 Closure Strips
12.6.2 Tissue Adhesive
12.6.3 Sutures
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wound Closure Devices Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wound Closure Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wound Closure Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wound Closure Devices Market Size Forecast by Type
13.6.1 Closure Strips
13.6.2 Tissue Adhesive
13.6.3 Sutures
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wound Closure Devices Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wound Closure Devices Market: Competitive Dashboard
14.2 Global Wound Closure Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Medline Industries
14.3.3 Teleflex
14.3.4 BSN medical
14.3.5 Baxter International
14.3.6 Radi Medical Systems
14.3.7 Abbott Vascular
14.3.8 NeatStitch
14.3.9 Derma Sciences
14.3.10 Ethicon (Johnson & Johnson)
