Laceration Closure Devices Market on Track for Strong Growth, Estimated to Grow at 6.8% CAGR Through 2029

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What Is the Expected CAGR for the Laceration Closure Devices Market Through 2025?
In recent times, the market size for laceration closure devices has witnessed robust growth. The market valuation is projected to escalate from $9.64 billion in 2024 to $10.31 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors such as higher rates of disability, growing prevalence of infectious and non-communicable diseases, rising number of surgeries, surge in accident and sports injury occurrences, along with an increase in healthcare spending can be attributed to the growth observed in the historic period.

What's the Projected Size of the Global Laceration Closure Devices Market by 2029?
Forecasted to experience significant expansion in the near future, the market size for laceration closure devices is projected to reach $13.41 billion by 2029, flourishing at a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the forecast period include the escalating use of technology in cosmetic or plastic surgeries, a surge in the number of surgical procedures, an increase in both infectious and non-communicable diseases, the pressing need for skin closure devices, and a growing prevalence of chronic wounds. Key trends predicted for this forecast period comprise the augmentation of healthcare infrastructure, the integration of technology in cosmetic or plastic procedures, the progress in technology related to laceration closure devices, and strategic corporate mergers and acquisitions.

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Top Growth Drivers in the Laceration Closure Devices Industry: What's Accelerating the Market?
The proliferation of surgical procedures is anticipated to fuel the expansion of the laceration closure device market in the future. Surgical procedures are invasive medical processes used to identify, handle, or control injuries, illnesses, or conditions. The burgeoning number of surgical operations is caused by an aging population, breakthroughs in medical technology, and a heightened demand for elective surgeries. The advantage of laceration closure devices in surgical operations is their capacity to efficiently close wounds, slash procedure duration, decrease tissue injury, and support accelerated healing in comparison to conventional sutures. For example, in September 2023, the International Society of Aesthetic Plastic Surgery (ISAPS), a professional association for aesthetic plastic surgeons based in the United States, projected that breast augmentation will maintain its position as the most common surgical procedure among women, with 2.2 million procedures conducted in 2022, corresponding to a 29% increase from 2021. Hence, the escalation in the number of surgical procedures is promoting the growth of the laceration closure device market.

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What Trends Will Shape the Laceration Closure Devices Market Through 2029 and Beyond?
Leading firms in the laceration closure devices market are making strides in the development of innovative solutions such as state-of-the-art microsurgical sutures to augment precision, expedite the healing process and positively impact patient outcomes. These next-gen microsurgical sutures are sophisticated, ultra-thin versions constructed for applying precise and minimally invasive surgical techniques, providing increased biocompatibility, durability and lesser tissue trauma to speed up healing and recovery. For example, Corza Medical GmbH, an American manufacturer, introduced the Onatec Ophthalmic Microsurgical Sutures during the American Academy of Ophthalmology Conference in October 2024. These specialized ophthalmic microsurgical sutures, made from heavily tempered stainless steel, are designed for precision and durability to ensure better tissue penetration and minimize trauma during eye surgeries, while the cutting-edge manufacturing technique guarantees the perfect geometries for suturing in narrow and delicate areas.

What Are the Main Segments in the Laceration Closure Devices Market?
The laceration closure devices market covered in this report is segmented -

1) By Product: Staples, Hemostats, Adhesives, Sutures, Strips, Sealants, Wound Strips, Mechanical Wound Closure Devices
2) By Wound Type: Acute, Chronic, Burns, Ulcers, Surgical Wounds
3) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users

Subsegments:
1) By Staples: Stainless Steel Staples, Titanium Staples
2) By Hemostats: Absorbable Hemostats, Non-Absorbable Hemostats
3) By Adhesives: Tissue Adhesives, Surgical Adhesives
4) By Sutures: Absorbable Sutures, Non-Absorbable Sutures
5) By Strips: Steri-Strips, Wound Closure Strips
6) By Sealants: Biological Sealants, Synthetic Sealants
7) By Wound Strips: Paper Wound Strips, Fabric Wound Strips
8) By Mechanical Wound Closure Devices: Skin Closures, Wound Closure Clips

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Which Top Companies are Driving Growth in the Laceration Closure Devices Market?
Major companies operating in the laceration closure devices market are Cardinal Health Inc., Johnson & Johnson, 3M Company, Medtronic plc, Becton Dickinson and Company (BD), Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Terumo Corporation, Dentsply Sirona Inc., Teleflex Incorporated, Arthrex Inc., Coloplast Group, ConvaTec Group PLC, Integra LifeSciences Corporation, Merit Medical Systems Inc., CryoLife Inc., Mölnlycke Health Care AB, Aspen Surgical Products, Wound Care Technologies Inc., BSN medical GmbH

Which Regions Will Dominate the Laceration Closure Devices Market Through 2029?
North America was the largest region in the laceration closure devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laceration closure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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