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Wound Closure Devices Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Abbott Laboratories, Advanced Medical Solutions Group plc, Arthrex Inc., B Braun Melsungen AG
Wound Closure Devices Market Characteristics
The Business Research Company offers in-depth market insights through Wound Closure Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The wound closure devices market size has grown strongly in recent years. It will grow from $15.82 billion in 2023 to $17.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing surgical procedures, growing aging population, prevalence of chronic diseases, rise in traumatic injuries, shift to minimally invasive surgeries, patient preference for aesthetic closure, hospital and ambulatory care settings..
The wound closure devices market size is expected to see strong growth in the next few years. It will grow to $23.31 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to patient safety and infection control, telemedicine and remote wound care, biodegradable closure devices, home healthcare and self-care, global health emergency preparedness, expansion of outpatient procedures, value-based healthcare models.. Major trends in the forecast period include rise in minimally invasive wound closure techniques, focus on accelerated wound healing, growing demand for hemostats and sealants, shift toward disposable wound closure devices, regulatory initiatives for patient safety..
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Market Segmentation:
The wound closure devices market covered in this report is segmented -
1) By Product Type: Adhesives, Staples, Sutures, Strips, Sealants, Mechanical Wound Closure Devices
2) By Wound Type: Chronic, Acute
3) By End-Use: Hospital, Clinics, Trauma centers, Other End-Users
Major Driver - Surge In Surgical Procedures Boosts Wound Closure Devices Market
The increase in number of patients undergoing surgeries is expected to propel the growth of the wound closure devices market going forward. Surgery refers to a medical specialty that employs operative manual and instrumental procedures on a person to evaluate or treat a pathological condition, such as a sickness or injury, to enhance body function and attractiveness, or to mend undesirable ruptured regions. Wound closure devices are used to treat chronic, traumatic, and surgical wounds, skin grafts, and flaps. For instance, in April 2022, according to the American Society for Aesthetic Plastic Surgery, a US-based organization of plastic surgeons, there has been a considerable growth in operations on the face, breast, and body. Since 2020, attractive body operations such as abdominoplasty, buttock augmentation, and liposuction have climbed by 63%. Breast augmentation, augmentation with a breast lift, and breast lift with reduction treatments increased by 48%. Last year, specialized facial surgeries such as brow lifts and facelifts increased by 54%. Therefore, the increasing number of patients undergoing surgeries is driving the growth of the wound closure devices market.
Competitive Landscape:
Major companies operating in the wound closure devices market report are Abbott Laboratories, Advanced Medical Solutions Group plc, Arthrex Inc., B Braun Melsungen AG, Baxter International Inc., Boston Scientific Corporation, BSN Medical GmbH, Chemence Medical Inc., Coloplast A/S, ConvaTec Group plc, CryoLife Inc., Dach Medical Group Holding AG, DeRoyal Industries Inc., Futura Surgicare Pvt. Ltd., Futura Surgicare Private Limited, Healthium Medtech Private Limited, Integra LifeSciences Corporation, IVT Medical Limited, Johnson & Johnson Services Inc., Meril Life Sciences Private Limited, 3M Company, Adhezion Biomedical LLC, Becton, Dickinson and Company, Medtronic Inc., Halyard Health Inc., McKesson Corp., Medline Industries LP, Molnlycke Health Care Ltd., Myco Medical Supplies Inc., Nexus Medical Ltd., Smith & Nephew plc, Smiths Group plc, Stryker Corp., Teleflex Inc., Wound Care Technologies Inc., Zipline Medical Inc.
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Top Trend - Pioneering Technological Advancements Shaping The Future Of Wound Closure Devices
Technological advancements are a key trend gaining popularity in the wound closure devices market. Major companies operating in the wound closure devices market are focused on developing new technological solutions flexible across other elements to gain a competitive edge in the market. For instance, in March 2021, Ethicon Endo-Surgery, a US-based advanced medical device company, launched an ECHELONTM+ Stapler with GST Reloads, a new powered surgical stapler that has been designed for increasing staple line security and will reduce complications through uniform tissue compression and better staple formation, even in challenging situations. This has Gripping Surface Technology (GST) reloads for more consistent compression to better capture and form staples, and a motor with Dynamic Firing, which optimizes firing speed in thick tissue to improve compression.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wound Closure Devices Market Characteristics
3. Wound Closure Devices Market Trends And Strategies
4. Wound Closure Devices Market - Macro Economic Scenario
5. Wound Closure Devices Market Size And Growth
…..
27. Wound Closure Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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