Global Wound Closure Devices Market Size Report 2030 | DelveInsight

DelveInsight's Wound Closure Devices Market Insights Report provides the current and forecast market analysis, individual leading Wound Closure Devices Companies market shares, challenges, Wound Closure Devices Market Drivers, barriers, trends, and key market Wound Closure Devices Companies in the market.

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Key Takeaways from the Wound Closure Devices Market Report
• The Global Wound Closure Devices Market was valued at USD 14.82 billion in 2023, growing at a CAGR of 7.40% during the forecast period from 2024 to 2030, to reach USD 22.64 billion by 2030.
• The leading Wound Closure Devices Companies such as 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.

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Wound Closure Devices Market Dynamics
According to the latest data provided by Diabetes Feet Australia (DFA) (2022), in Australia, 300,000 individuals are at risk of developing diabetic foot disease (DFD) per 100,000 population, with 50,000 already living with the condition. Of these, 12,500 people have undergone diabetes-related amputations, and 1,000 are currently hospitalized due to DFD. Additionally, as per the recent data and stats provided by IDF Atlas Report (2022), in African countries, the rates of diabetic foot ulcers (DFU) range from 10.0% to 30.0%, while the prevalence of lower limb amputations (LLA) varies between 3.0% and 35.0%. Diabetic foot ulcers are chronic wounds that often require specialized treatment and advanced wound closure solutions. As the prevalence of these ulcers rises, there is a growing demand for products that can effectively manage and close these wounds.

Wound Closure Devices Market Segmentation
Wound Closure Devices by Product Type (Sealants & Adhesives, Staplers, Sutures [Absorbable and Non-Absorbable], Hemostats, and Others), End-User (Hospitals, Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). In the product type segment of wound closure devices market the sutures are expected to hold a significant share in 2023. Sutures play a significant role in boosting the overall market for wound closure devices due to their widespread use, versatility, and continuous innovation. Sutures are used in a variety of surgical procedures, from minor outpatient surgeries to major operations.

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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.

Wound Closure Devices Market Drivers
The major factors driving the demand for wound closure devices are the rising cases of chronic wounds, increasing traumatic injuries, recent product approvals, and increasing manufacturers' initiative to develop technologically advanced products.

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Scope of the Wound Closure Devices Market Report
• Coverage- Global
• 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.
• Wound Closure Devices Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World

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