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Redding, California - May 2, 2024

Wound Closure Market to be Worth $28.12 Billion by 2031

Wound Closure Market Size, Share, Forecast, & Trends Analysis by Product (Suture, Needle, Tissue Adhesive, Sealant [Fibrin, Synthetic], Skin Stapler, Dressing [Foam, Film, Hydrogel]) Wound (Surgical, Trauma, Burn, DFU) End User - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Wound Closure Market Size, Share, Forecast, & Trends Analysis by Product (Suture, Needle, Tissue Adhesive, Sealant [Fibrin, Synthetic], Skin Stapler, Dressing [Foam, Film, Hydrogel]) Wound (Surgical, Trauma, Burn, DFU) End User — Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the wound closure market is projected to reach $28.12 billion by 2031, at a CAGR of 6.8% during the forecast period. The growth of this market can be attributed to the increasing number of surgeries, growth in chronic wound cases among the geriatric population, the growing incidence of traumatic injuries, increasing awareness about wound care, and the rising focus on infection prevention. However, the increasing number of minimally invasive surgeries and infections caused due to wound closure devices restrain the market’s growth.

Furthermore, technological advancements in wound closure products and the demand for wound closure in aesthetic procedures are expected to offer growth opportunities for the players operating in this market. However, antibiotic-resistant infections and product recalls are major challenges impacting market growth.

Key Players

The key players operating in the wound closure market are 3M Company (U.S.), Medtronic plc (Ireland), Cardinal Health, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), B. Braun Melsungen AG (Germany), Essity AB (Sweden), Medline Industries, LP (U.S.), Stryker Corporation (U.S.), Smith & Nephew plc (U.K.), Integra LifeSciences Corporation (U.S.), Organogenesis Inc. (U.S.), Coloplast A/S (Denmark), Convatec Group plc (U.K.), and Corza Medical (U.S.).

Wound Closure Market: Future Outlook

The wound closure market is segmented based on Product (Sutures [Absorbable Sutures, Non-absorbable Sutures, Suturing Devices], Needles, Tissue Adhesives, Topical/Local Hemostats, Sealants [Fibrin Sealants, Synthetic Sealants], Skin Staplers [Powered, Manual, Stapler Accessories], Wound Dressings [Hydrocolloid Dressings, Foam Dressings, Alginate Dressings, Film Dressings, Collagen Dressings, Hydrogel Dressings, Other Wound Dressings], Wound Closure Devices, Other Products & Accessories), Wound Type (Acute Wounds [Surgical Wounds, Traumatic Wounds, Burns], Chronic Wounds [Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, Other Chronic Wounds]), End User (Hospitals & Clinics, Ambulatory Surgical Centers, Home Care Settings, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, the wound closure market is segmented into sutures, needles, tissue adhesives, topical/local hemostats, sealants, skin staplers, wound dressings, wound closure devices, and other wound closure products & accessories. In 2024, the wound dressings segment is expected to account for the largest share of 60.9% of the wound closure market. The large market share of this segment can be attributed to the benefits of advanced wound dressings and the increasing number of sports injuries. For instance, according to the Insurance Information Institute, Inc., in 2022, 405,411 bicycle injuries, 265,747 football injuries, and 50,643 volleyball injuries were recorded in the U.S.

Based on wound type, the wound closure market is segmented into acute wounds and chronic wounds. In 2024, the acute wounds segment is expected to account for the larger share of the wound closure market. The large market share of this segment can be attributed to the increasing number of burn injury cases, surgeries, and road accidents.

Based on end user, the wound closure market is segmented into hospitals & clinics, ambulatory surgical centers, home care settings, and other end users. In 2024, the hospitals & clinics segment is expected to account for the largest share of the wound closure market. The large market share of this segment can be attributed to the high number of surgeries performed in hospitals, major traumatic injuries treated in hospitals & clinics, the high adoption of advanced wound closure products among hospitals, and the extensive use of dressings, sutures, needles, and sealants for wound closure and healing by hospitals & clinics.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 38.3% of the wound closure market, followed by Europe and Asia-Pacific. North America’s major market share is attributed to the presence of major wound closure product manufacturers, advanced healthcare infrastructure, the higher budgets of healthcare providers accommodating advanced wound closure technologies, favorable reimbursement policies, and growth in wound care awareness programs.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5836

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product, wound type, end user, and region/country?
What was the historical market size for wound closure products across the globe?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the global wound closure market?
Who are the major players operating in the global wound closure market?
What is the competitive landscape like, and who are the market leaders in the global wound closure market?
What are the recent developments in the wound closure market?
What are the various strategies adopted by major players in the wound closure market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - May 2, 2024

Wound Closure Market to be Worth $28.12 Billion by 2031

Wound Closure Market Size, Share, Forecast, & Trends Analysis by Product (Suture, Needle, Tissue Adhesive, Sealant [Fibrin, Synthetic], Skin Stapler, Dressing [Foam, Film, Hydrogel]) Wound (Surgical, Trauma, Burn, DFU) End User - Global Forecast to 2031

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