Global Wound Closure Products Market : Segment Snapshot and Table of Content (2015 – 2023)

ccording to Transparency Market Research, the global wound closure products market is expected to be worth US$15.2 bn by the end of 2023. On the basis of product, the market for sutures is witnessing a healthy demand as sutures are increasingly being preferred for wound closure. Advancements in technology are improving the capability and efficiency of surgical sutures, driving their demand. By geography, the Asia Pacific market for wound closure products will emerge as most lucrative in the years to come. As per the WHO, China had reported 90 mn cases of diabetes and India, 61 mn. This makes Asia Pacific a good market for wound closure products. North America, followed by Europe has been leading in the market on account of higher prevalence of diseases and quick acceptance of latest technology.

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The Global Wound Closure Products Market is segmented on the basis of expression system, Product Type, Geography and region

Global market for wound closure products has been segmented into sutures, surgical staples, wound closure strips, adhesive and tissue sealants, and hemostats. The sutures segment has been sub-segmented into absorbable sutures and non-absorbable sutures. The adhesives and tissue sealants segment has been further sub-segmented into fibrin sealants, collagen-based sealants, cyanoacrylate sealants, albumin and glutaraldehyde sealants, and polymer based sealants.

Geographically, the wound closure products market has been segmented into five major geographical regions which include North America, Europe, Asia Pacific, Latin America, and Rest of the World. Each of these geographical regions have been further segmented into major countries. North America has been segmented into the U.S. and Canada. Europe has been segmented into the U.K., Germany, and Rest of Europe. Asia Pacific has been segmented into India, China, and Rest of Asia Pacific. Latin America has been segmented into Brazil, Mexico, and Rest of Latin America. Market size estimation for each of the geographies as well as countries has been provided considering 2013 and 2014 as base years and forecast has been provided from 2015 to 2023.

The forecast model is based on event impact analysis of the overall wound closure products market which considers macro and microeconomic events such as new product approvals, changes in regulatory policies, product recalls, and strategic agreements. Apart from quantitative analysis, the wound closure products market report also provides facts and figures on disease prevalence and epidemiology published by organizations such as the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO), and the National Institute of Health (NIH).

The growing number of chronic injuries and the increasing demand for advanced technology are compelling market players to make newer products and this will ensure the continued growth of this market. The aging population is growing rapidly and also demanding sophisticated and advanced wound care solutions for quick recovery. This will also pressurize players within the wound closure products market to develop advanced products and in turn drive the market. Faster recovery of wounds also reduces hospital stay time and is increasingly desired by patients. All these factors will help the market to grow.

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Summary of Table of Content

Preface

Executive Summary

Global Wound Closure Products Market Overview

Global Wound Closure Products Market, by Product Type

Global Wound Closure Products Market, by Geography

Recommendations

Company Profiles

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