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Global Wound Closure Devices Market to grow at a CAGR of 7.40% by 2030, Evaluates DelveInsight
DelveInsight's "Wound Closure Devices Market Insights, Competitive Landscape and Market Forecast-2030" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Wound Closure Devices companies actively working in the market.
To know more about why North America is leading the market growth in the Wound Closure Devices market, get a snapshot of the report Wound Closure Devices Market Trends
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Wound Closure Devices Overview
Wound closure devices are medical tools used to close and secure wounds or surgical incisions, promoting healing and reducing infection risk. They include sutures, staples, clips, adhesive strips, and tissue adhesives, designed to hold tissues together until natural healing occurs.
DelveInsight Analysis: The global wound closure devices market, valued at USD 14.82 billion in 2023, is projected to grow at a CAGR of 7.40% from 2024 to 2030, reaching approximately USD 22.64 billion by 2030.
Wound Closure Devices Market Insights
Geographically, In 2023, North America is projected to hold the largest share of the wound closure devices market among all regions. This growth is attributed to the rising prevalence of chronic and acute wounds, the increasing number of surgical procedures, and the presence of major companies actively involved in mergers, acquisitions, product launches, and other market activities, which are expected to further drive the market during the forecast period.
To read more about the latest highlights related to Wound Closure Devices, get a snapshot of the key highlights entailed in the Wound Closure Devices
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Recent Developments in the Wound Closure Devices Market Report
• In August 2023, Medela, Inc. announced the launch of its innovative sterile dressing as part of its negative pressure wound therapy (NPWT) portfolio. The Invia® Integrated Dressing is designed for all wound types, including closed surgical incisions, and can be used in both hospital and home settings for up to seven days.
• In May 2022, Advanced Medical Solutions Group plc, a global leader in tissue-healing technologies, announced it has received FDA 510(k) clearance for LiquiBand® XL. This new device, created to close longer wounds, combines a surgical mesh for wound closure with LiquiBand® adhesive to enhance strength and help prevent infection.
• Thus, owing to such developments in the market, rapid growth will be observed in the Wound Closure Devices market during the forecast period
Key Players in the Wound Closure Devices Market
Some of the key market players operating in the Wound Closure Devices market include- Medtronic, 3M, Johnson & Johnson, B. Braun Melsungen AG, Baxter, Smith & Nephew, Stryker, Chemence Medical, Inc., Healthium Medtech, Meril Life Sciences Pvt. Ltd., Futura Surgicare Pvt Ltd. Advanced Medical Solutions Group plc, Microcure (Suzhou) Medical Technology Co., Ltd., CooperSurgical Inc, Adhezion Biomedical, CENTENIAL SURGICAL SUTURE LTD, Cardinal Health, Dukal LLC, ORION SUTURES INDIA PVT LTD, Lotus Surgicals, and others.
Which MedTech key players in the Wound Closure Devices market are set to emerge as the trendsetter explore @ Key Wound Closure Devices Companies
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Analysis on the Wound Closure Devices Market Landscape
The introduction of advanced materials, including bioabsorbable sutures, antimicrobial-coated sutures, and high-strength synthetic fibers, has improved suture performance and safety, increasing their adoption. Sutures remain a cost-effective wound closure option compared to certain alternatives, making them especially preferred in low-resource settings or where budget constraints exist. Their compatibility with minimally invasive surgical techniques, such as laparoscopic procedures, and use alongside advanced technologies like robotic-assisted surgery further boosts their demand.
Government support for technologically advanced sutures also contributes to market growth. For example, in June 2021, Ethicon Plus sutures became the first antibacterial-protected sutures recommended by NICE Medical Technologies Guidance for NHS use, as they were shown to reduce surgical site infection risk by nearly 30%.
Overall, these factors are anticipated to drive significant revenue for the segment, contributing to the global wound closure devices market growth during the forecast period.
Scope of the Wound Closure Devices Market Report
• Coverage: Global
• Study Period: 2021-2030
• Wound Closure Devices Market Segmentation By Product Type: Sealants & Adhesives, Staplers, Sutures [Absorbable and Non-Absorbable], Hemostats, and Others
• Wound Closure Devices Market Segmentation By End User: Hospitals, Clinics, and Others
• Wound Closure Devices Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
• Key Wound Closure Devices Companies: Medtronic, 3M, Johnson & Johnson, B. Braun Melsungen AG, Baxter, Smith & Nephew, Stryker, Chemence Medical, Inc., Healthium Medtech, Meril Life Sciences Pvt. Ltd., Futura Surgicare Pvt Ltd. Advanced Medical Solutions Group plc, Microcure (Suzhou) Medical Technology Co., Ltd., CooperSurgical Inc, Adhezion Biomedical, CENTENIAL SURGICAL SUTURE LTD, Cardinal Health, Dukal LLC, ORION SUTURES INDIA PVT LTD, Lotus Surgicals, and others
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Interested in knowing how the Wound Closure Devices market will grow by 2030? Click to get a snapshot of the Wound Closure Devices Market Analysis
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Contact Us
Gaurav Bora
info@delveinsight.com
+14699457679
www.delveinsight.com
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing end-to-end comprehensive solutions to improve their performance.
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