Wound Closure Market Booming Industry Growth, Research Scope, Advance Technology and Innovations by 2030

The global wound closure market was pegged at US$ 15.82 billion in 2021. The market is expected to witness a CAGR of 6.1% from 2022 to 2030.

The demand for wound closure devices is on a rise owing to the prevalence of chronic wounds, increasing cases of accidents, and the rising number of surgeries. Rising incidence of chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers are anticipated to spur the demand for wound closure devices over the forecast period.

As per studies conducted by B. Braun Melsungen AG, around 2.0% to 10.0% of people affected with diabetes suffer from diabetic foot ulcers. In addition, as per the American College of Physicians, in 2017, the global annual incidence of diabetic foot ulcers was around 6.3% and the lifetime incidence of foot ulcers in patients suffering from diabetes ranges from 19.0% to 34.0%. Furthermore, as per the National Center for Biotechnology Information (NCBI), in 2017, the prevalence rate of diabetic foot ulcers in North America was 13.0% (highest), 5.5% in Asia, 7.2% in Africa, 5.1% in Europe, 1.5% in Australia, 16.6% in Belgium, 14.8% in Canada, and 13.0% in the U.S. Wound closure devices such as sutures, staples, and mechanical wound closure systems are used for the treatment of such chronic wounds.

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Key Players

• Medtronic plc
• 3M Company
• Smith & Nephew plc
• ETHICON (Johnson & Johnson MedTech)
• Baxter International Inc.
• B. Braun Melsungen AG
• Mölnlycke Health Care AB
• Organogenesis Holdings Inc.
• Boston Scientific Corporation
• Medline Industries Inc.
• MiMedx Group Inc.
• Paul Hartmann AG
• Ethicon Inc.
• DeRoyal Industries

Wound Closure Market by Product

• Sutures
• Hemostatic Agents
• Staplers
• Others

By Application

• Cardiology
• Orthopedics
• Gynecology
• General Surgery
• Ophthalmic
• Others

Key Reasons to Purchase:

(1) To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.

(2) Assess the production processes, major issues, and solutions to mitigate the development risk.

(3) To understand the most affecting driving and restraining forces in the Wound Closure Market and its impact in the global market.

(4) Learn about the market strategies that are being adopted by leading respective organizations.

(5) To understand the outlook and prospects for the market.

Key Questions Answered in the Report Include:

(1) This report gives all the information about the industry analysis, revenue, and overview, of this market.

(2) What will be the rate of increase in market size and growth rate by the end of the forecast period?

(3) What is the major global Wound Closure Market trends influencing the development of the market?

(4) What are the vital results of SWOT analysis of the major players operating in the Wound Closure Market?

(5) What are the potential growth opportunities and threats faced by Major competitors in the market?

TOC of Wound Closure Market

1 Scope of the Report

1.1 Market Ecosystem
1.2 Geographic Scope
1.3 Timeline Under Consideration
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered

2 Wound Closure Market Executive Summary

2.1 World Market Overview
2.1.1 Global Market Size 2022-2030
2.1.2 Market Size CAGR by Region 2020 VS 2028
2.2 Wound Closure Market Segment by Type
2.2.1 Type 1
2.2.2 Type 2

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Manan Sethi
Director, Market Insights
Email: enquire@growthplusreports.com
Phone no: +91 96545 76783
Web: https://growthplusreports.com/

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