Wound Closure Products Industry Growth Analysis, Opportunities, Trends, Developments, and Forecast to 2030

The wound closure products industry is projected to advance at a rate of 5.0%, to generate $10,148.7 million revenue in 2030. It is ascribed to technological advancements, increasing elderly population, rising incidence of diabetes, and surging healthcare expenditure.

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The worldwide rising number of surgeries and increasing usage of wound closure products propel the industry. The major factors contributing to the increasing volume of surgical procedures are the rising count of road accidents and growing prevalence of diabetes, cancer, and necrotizing fasciitis. These conditions result in nasty wounds, which are hard to heal and need proper care for a longer period.

The rising number of burn cases and growing incidence of injuries in low-and middle-income countries also propel the number of surgeries and, thus, boost the wound closure product demand. In addition, many chronic diseases need surgeries at some point, which boosts the demand for these products.

North America holds the largest industry share, around 40%, and it is projected to follow the same trend in the coming years. It is ascribed to the rising prevalence of chronic diseases, including diabetes, and the increasing incidence of sports injuries and road accidents.

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Market Segmentation by Product Type
• Sutures
o Absorbable
o Non-absorbable
• Staples
• Adhesives & Tissue Sealants
o Synthetic
o Non-synthetic
o Collagen-based
• Strips
• Mechanical Wound Closure Devices
• Hemostatic Agents
Market Segmentation by Wound Type
• Diabetic Foot Ulcers (DFUs)
• Pressure Ulcers
• Surgical & Traumatic Wounds
• Burns
• Venous Leg Ulcers (VLUs)
• Others
Market Segmentation by End User
• Hospital & Clinics
• Homecare Settings
• Long-Term Care Settings
Market Segmentation by Region
• North America Wound Closure Products Market
o By product type
o By wound type
o By end user
o By country - U.S. and Canada
• Europe Wound Closure Products Market
o By product type
o By wound type
o By end user
o By country - Germany, France, U.K., Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Wound Closure Products Market
o By product type
o By wound type
o By end user
o By country - China, India, Japan, South Korea, Australia, and Rest of APAC
• Latin America (LATAM) Wound Closure Products Market
o By product type
o By wound type
o By end user
o By country - Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Wound Closure Products Market
o By product type
o By wound type
o By end user
o By country - Saudi Arabia, South Africa, and Rest of MEA

Browse more reports:

Wound Care Biologics Market - https://www.psmarketresearch.com/market-analysis/wound-care-biologics-market

Wound Closure Device Market - https://www.psmarketresearch.com/market-analysis/wound-closure-device-market

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