Wound Closure Devices Market by Product (Adhesives, Mechanical Wound Closure Devices, Sealants), Wound Type (Acute Wounds, Chronic Wounds), Application, End-User - Global Forecast 2023-2030

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Wound Closure Devices Market by Product (Adhesives, Mechanical Wound Closure Devices, Sealants), Wound Type (Acute Wounds, Chronic Wounds), Application, End-User - Global Forecast 2023-2030

The Wound Closure Devices Market size was estimated at USD 16.78 billion in 2022 and expected to reach USD 17.97 billion in 2023, at a CAGR 7.40% to reach USD 29.71 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Wound Closure Devices Market.
  • Based on Product, market is studied across Adhesives, Mechanical Wound Closure Devices, Sealants, Staples, Strips, and Sutures. The Sealants is further studied across Collagen Based, Non-Synthetic, and Synthetic. The Strips is further studied across Non-Sterile and Sterile. The Sutures is further studied across Absorbable and Non-Absorbable. The Sutures commanded largest market share of 26.77% in 2022, followed by Staples.
  • Based on Wound Type, market is studied across Acute Wounds and Chronic Wounds. The Acute Wounds commanded largest market share of 77.66% in 2022, followed by Chronic Wounds.
  • Based on Application, market is studied across Cardiology, General Surgery, Gynaecology, Ophthalmic, and Orthopedics. The General Surgery commanded largest market share of 28.87% in 2022, followed by Orthopedics.
  • Based on End-User, market is studied across Clinics, Home Care Setting, and Hospital. The Hospital commanded largest market share of 73.35% in 2022, followed by Clinics.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.38% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Wound Closure Devices Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Wound Closure Devices Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Wound Closure Devices Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Abbott Laboratories, Arthrex, Inc., Artivion, Inc., BBraun SE, Boston Scientific Corporation, Cardinal Health, Inc., Coloplast A/S, Convatec Limited, DACH Medical Group GmbH by AddLife AB, DermaClip US, LLC, DermaClose by Synovis Micro Companies Alliance, Inc., DermaRite Industries, LLC, DeRoyal Industries Inc., Dolphin Sutures by Futura Surgicare Pvt Ltd, Dukal, LLC, Gentell, Inotec AMD Ltd., Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., McKesson Corporation, Medline Industries, LP, Medtronic PLC, Riverpoint Medical, Smith & Nephew PLC, Stryker Corporation, and Teleflex Incorporated.

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Wound Closure Devices Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Wound Closure Devices Market?
  3. What is the competitive strategic window for identifying opportunities in the Wound Closure Devices Market?
  4. What are the latest technology trends and regulatory frameworks in the Wound Closure Devices Market?
  5. What is the market share of the leading vendors in the Wound Closure Devices Market?
  6. Which modes and strategic moves are suitable for entering the Wound Closure Devices Market?

Note: PDF & Excel + Online Access - 1 Year

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Wound Closure Devices Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers Increasing incidence of chronic and acute wounds among people Rising prevalence of road accidents and injuries globally Adoption of new smart bandages to improve clinical care for people with chronic wounds
5.1.2. Restraints High cost of wound closure device
5.1.3. Opportunities Ongoing development of advanced wound care technologies Expansion of burn-care centers in economies with improving healthcare infrastructure
5.1.4. Challenges Complications and probable side effect with the use of wound closure device
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Wound Closure Devices Market, by Product
6.1. Introduction
6.2. Adhesives
6.3. Mechanical Wound Closure Devices
6.4. Sealants
6.5.1. Collagen Based
6.5.2. Non-Synthetic
6.5.3. Synthetic
6.5. Staples
6.6. Strips
6.7.1. Non-Sterile
6.7.2. Sterile
6.7. Sutures
6.8.1. Absorbable
6.8.2. Non-Absorbable
7. Wound Closure Devices Market, by Wound Type
7.1. Introduction
7.2. Acute Wounds
7.3. Chronic Wounds
8. Wound Closure Devices Market, by Application
8.1. Introduction
8.2. Cardiology
8.3. General Surgery
8.4. Gynaecology
8.5. Ophthalmic
8.6. Orthopedics
9. Wound Closure Devices Market, by End-User
9.1. Introduction
9.2. Clinics
9.3. Home Care Setting
9.4. Hospital
10. Americas Wound Closure Devices Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Wound Closure Devices Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Wound Closure Devices Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition Tube Investments, Premji Invest Partner Up To Acquire Lotus Surgicals For Rs 348 Crore Entry into the attractive wound biologics segment through the acquisition of Triad Life Sciences Inc.
13.3.2. Agreement, Collaboration, & Partnership KitoTech Medical Inc. Signs Agreement with Synergy Corporation for International Distribution of Their Medical and Consumer Products KitoTech Medical Signs Agreement with Corza Medical to Market microMend PRO Wound Closure Devices in U.S.
13.3.3. Award, Recognition, & Expansion Bactiguard launches Wound Care line in the UK and Ireland AMS receives FDA clearance for new wound closure device
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. 3M Company
14.1.2. Abbott Laboratories
14.1.3. Arthrex, Inc.
14.1.4. Artivion, Inc.
14.1.5. BBraun SE
14.1.6. Boston Scientific Corporation
14.1.7. Cardinal Health, Inc.
14.1.8. Coloplast A/S
14.1.9. Convatec Limited
14.1.10. DACH Medical Group GmbH by AddLife AB
14.1.11. DermaClip US, LLC
14.1.12. DermaClose by Synovis Micro Companies Alliance, Inc.
14.1.13. DermaRite Industries, LLC
14.1.14. DeRoyal Industries Inc.
14.1.15. Dolphin Sutures by Futura Surgicare Pvt Ltd
14.1.16. Dukal, LLC
14.1.17. Gentell
14.1.18. Inotec AMD Ltd.
14.1.19. Integra LifeSciences Corporation
14.1.20. Johnson & Johnson Services, Inc.
14.1.21. McKesson Corporation
14.1.22. Medline Industries, LP
14.1.23. Medtronic PLC
14.1.24. Riverpoint Medical
14.1.25. Smith & Nephew PLC
14.1.26. Stryker Corporation
14.1.27. Teleflex Incorporated
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing

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