Wound Closure Devices Market by Product (Adhesives, Mechanical Wound Closure Devices, Sealants), Wound Type (Acute Wounds, Chronic Wounds), Application, End-User - Global Forecast 2024-2030

Wound Closure Devices Market by Product (Adhesives, Mechanical Wound Closure Devices, Sealants), Wound Type (Acute Wounds, Chronic Wounds), Application, End-User - Global Forecast 2024-2030


The Wound Closure Devices Market size was estimated at USD 17.97 billion in 2023 and expected to reach USD 19.27 billion in 2024, at a CAGR 7.44% to reach USD 29.71 billion by 2030.

Wound closure devices are medical devices used to promote the healing of wounds through the physical closure of the skin. These devices are available in various forms, such as sutures, staples, and adhesives, to close wounds by operating on the edges of the wound tissue. The rising prevalence of road accidents & injuries globally and the increase in the incidence of chronic and acute wounds among people play a significant role in the increasing adoption of wound closure devices. In addition, adopting new smart bandages to improve clinical care for people with chronic wounds contributes to market growth. Moreover, increasing preference for minimally invasive surgeries and the high cost of wound closure devices is expected to hinder market growth. Furthermore, the ongoing development of advanced wound care technologies and expansion of burn-care centers in economies with improving healthcare infrastructure is anticipated to impact the adoption of wound closure devices positively.

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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. 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
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing incidence of chronic and acute wounds among people
5.1.1.2. Government initiatives regarding wound care treatment
5.1.1.3. Expansion of burn-care centers in economies with improving healthcare infrastructure
5.1.2. Restraints
5.1.2.1. High cost of wound closure device
5.1.3. Opportunities
5.1.3.1. Ongoing development of advanced wound care technologies
5.1.3.2. Rising approvals for the commercialization of wound closure devices
5.1.4. Challenges
5.1.4.1. Complications and probable side effect with the use of wound closure device
5.2. Market Segmentation Analysis
5.2.1. Product: Rising preference for sutures in wound closure devices
5.2.2. Application: Increasing usage of wound closure devices in general surgery for faster healing times
5.2.3. Wound Type: Growing application of wound closure devices for acute wounds to promote healing
5.2.4. End-User: Expanding adoption of wound closure devices in hospitals for surgical procedures
5.3. Market Trend Analysis
5.3.1. Established infrastructure development and robust strategic initiatives by players to deploy next generation device across Americas
5.3.2. Rising expansion activities by the global players and along with evolving healthcare sector in the Asia-Pacific region
5.3.3. Increasing development of novel wound closure devices with robust foothold of global players in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
6. Wound Closure Devices Market, by Product
6.1. Introduction
6.2. Adhesives
6.3. Mechanical Wound Closure Devices
6.4. Sealants
6.5. Staples
6.6. Strips
6.7. Sutures
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. Burns
8.3. Cardiology
8.4. Diabetic Foot Ulcers
8.5. General Surgery
8.6. Gynaecology
8.7. Ophthalmic
8.8. Orthopedics
9. Wound Closure Devices Market, by End-User
9.1. Introduction
9.2. Burn Care Centers
9.3. Clinics
9.4. Home Care Setting
9.5. 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. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. MediWound Announces Collaboration with 3M on EscharEx Phase III Study
13.3.2. SYNDEO Medical Announces Multi-Year Strategic Distribution Agreement with Clozex Medical, Inc.
13.3.3. Coloplast A/S to Acquire Wound Care Company Kerecis for USD 1.3 Billion
13.3.4. Evonik Company JeNaCell Launches Wound Dressing Epicite Balance for Chronic Wounds
13.3.5. Tube Investments, Premji Invest Partner Up To Acquire Lotus Surgicals For INR 348 Crore
13.3.6. Bactiguard Launches Wound Care Line in the UK and Ireland
13.3.7. KitoTech Medical Inc. Signs Agreement with Synergy Corporation for International Distribution of Their Medical and Consumer Products
13.3.8. Gentell, Inc. Completed the Acquisition of Non-Core Traditional Wound Care Business of Integra LifeSciences Holdings Corporation
13.3.9. Introducing Antibacterial Suture Range
13.3.10. AMS Receives FDA Clearance for New Wound Closure Device
13.3.11. KitoTech Medical Signs Agreement with Corza Medical to Market microMend PRO Wound Closure Devices in the U.S.
13.3.12. Entry Into the Attractive Wound Biologics Segment Through the Acquisition of Triad Life Sciences Inc.
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio
FIGURE 1. WOUND CLOSURE DEVICES MARKET RESEARCH PROCESS
FIGURE 2. WOUND CLOSURE DEVICES MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. WOUND CLOSURE DEVICES MARKET DYNAMICS
FIGURE 7. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY WOUND TYPE, 2023 VS 2030 (%)
FIGURE 10. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY WOUND TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 14. GLOBAL WOUND CLOSURE DEVICES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS WOUND CLOSURE DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS WOUND CLOSURE DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES WOUND CLOSURE DEVICES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES WOUND CLOSURE DEVICES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC WOUND CLOSURE DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC WOUND CLOSURE DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA WOUND CLOSURE DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA WOUND CLOSURE DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. WOUND CLOSURE DEVICES MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 24. WOUND CLOSURE DEVICES MARKET, FPNV POSITIONING MATRIX, 2023

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