Wound Closure Strips Market by Product and Geography - Forecast and Analysis 2020-2024

Wound Closure Strips Market by Product and Geography - Forecast and Analysis 2020-2024

Global Wound Closure Strips Market: About this market

Technavio’s wound closure strips market analysis considers sales from elastic wound closure strips, reinforced wound closure strips, and other wound closure strips. Our study also finds the sales of wound closure strips in Asia, Europe, North America, and ROW. In 2019, the elastic wound closure strips segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rising prevalence of acute wounds on joints will play a significant role in the elastic wound closure strips segment to maintain its market position. Also, our global wound closure strips market report looks at factors such as increasing focus on minimizing SSIs, high preference over alternatives, and increasing prevalence of wounds. However, intense competition among vendors leading to price reductions, the threat of alternatives, and lack of awareness and shortage of resources may hamper the growth of the wound closure strips industry over the forecast period.

Global Wound Closure Strips Market: Overview

Higher preference over alternatives

Wound closure strips are an effective alternative to sutures or staples for wound closure since they involve comparatively lesser pain, faster closure time, lower risk of tissue strangulation, and lower tissue trauma. The use of wound closure strips also results in better cosmetic outcomes, achieved by minimizing the scar tissue upon healing. Further, these strips are associated with a lower infection rate and are easy to apply. On top of that, they prove to be cost-effective since they eliminate the need for follow-up visits to the doctor. This high preference over alternatives will lead to the expansion of the global wound closure strips market at a CAGR of almost 4% during the forecast period.

Innovative marketing strategies of vendors

Key vendors are adopting innovative marketing strategies to increase their market penetration. Many vendors have entered into agreements with GPOs, which enable them to easily access hospitals and increase the sales of their wound closure strips as a substantial proportion of the procurement for hospitals takes place through this channel. Also, vendors are increasingly focusing on conducting clinical and health economics studies to document cost savings and benefits of their wound closure strips. Vendors with online distribution channels are offering discounts and promotional offers to increase sales. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global wound closure strips market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global wound closure strips market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wound closure strips manufacturers, that include 3M Co., Cardinal Health Inc., DermaRite Industries LLC, DeRoyal Industries Inc., Dynarex Corp., Hill-Rom Holdings Inc., Integra LifeSciences Holdings Corp., McKesson Corp., Medline Industries Inc., and Smith & Nephew Plc.

Also, the wound closure strips market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare supplies market
      • Table Segments of global healthcare supplies market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
    • Value chain analysis
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
      • Table Vendors: Key offerings
    • Market sizing 2019
      • Table Market size 2019
    • Market Outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by product
    • Table Product - Market share 2019-2024 (%)
    • Comparison by product
      • Table Comparison by product
    • Elastic wound closure strips - Market size and forecast 2019- 2024
      • Table Elastic wound closure strips - Market size and forecast 2019-2024 ($ millions)
      • Table Elastic wound closure strips - Year-over-year growth 2020-2024 (%)
    • Reinforced wound closure strips - Market size and forecast 2019-2024
      • Table Reinforced wound closure strips - Market size and forecast 2019-2024 ($ millions)
      • Table Reinforced wound closure strips - Year-over-year growth 2020-2024 (%)
    • Other wound closure strips - Market size and forecast 2019- 2024
      • Table Other wound closure strips - Market size and forecast 2019-2024 ($ millions)
      • Table Other wound closure strips - Year-over-year growth 2020-2024 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • Asia - Market size and forecast 2019-2024
      • Table Asia - Market size and forecast 2019-2024 ($ millions)
      • Table Asia - Year-over-year growth 2020-2024 (%)
    • ROW - Market size and forecast 2019-2024
      • Table ROW - Market size and forecast 2019-2024 ($ millions)
      • Table ROW - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Marketing strategies of vendors
    • High growth potential in emerging countries
    • Increasing demand for products that enhance cosmesis
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • 3M Co.
      • Table 3M Co. - Vendor overview
      • Table 3M Co. - Business segments
      • Table 3M Co. - Organizational developments
      • Table 3M Co. - Geographic focus
      • Table 3M Co. - Segment focus
      • Table 3M Co. - Key offerings
    • Cardinal Health Inc.
      • Table Cardinal Health Inc. - Vendor overview
      • Table Cardinal Health Inc. - Business segments
      • Table Cardinal Health Inc. - Organizational developments
      • Table Cardinal Health Inc. - Geographic focus
      • Table Cardinal Health Inc. - Segment focus
      • Table Cardinal Health Inc. - Key offerings
    • DermaRite Industries LLC
      • Table DermaRite Industries LLC - Vendor overview
      • Table DermaRite Industries LLC - Product segments
      • Table DermaRite Industries LLC - Key offerings
    • DeRoyal Industries Inc.
      • Table DeRoyal Industries Inc. - Vendor overview
      • Table DeRoyal Industries Inc. - Product segments
      • Table DeRoyal Industries Inc. - Organizational developments
      • Table DeRoyal Industries Inc. - Key offerings
    • Dynarex Corp.
      • Table Dynarex Corp. - Vendor overview
      • Table Dynarex Corp. - Product segments
      • Table Dynarex Corp. - Organizational developments
      • Table Dynarex Corp. - Key offerings
    • Hill-Rom Holdings Inc.
      • Table Hill-Rom Holdings Inc. - Vendor overview
      • Table Hill-Rom Holdings Inc. - Business segments
      • Table Hill-Rom Holdings Inc. - Organizational developments
      • Table Hill-Rom Holdings Inc. - Geographic focus
      • Table Hill-Rom Holdings Inc. - Segment focus
      • Table Hill-Rom Holdings Inc. - Key offerings
    • Integra LifeSciences Holdings Corp.
      • Table Integra LifeSciences Holdings Corp. - Vendor overview
      • Table Integra LifeSciences Holdings Corp. - Business segments
      • Table Integra LifeSciences Holdings Corp. - Organizational developments
      • Table Integra LifeSciences Holdings Corp. - Geographic focus
      • Table Integra LifeSciences Holdings Corp. - Segment focus
      • Table Integra LifeSciences Holdings Corp. - Key offerings
    • McKesson Corp.
      • Table McKesson Corp. - Vendor overview
      • Table McKesson Corp. - Business segments
      • Table McKesson Corp. - Organizational developments
      • Table McKesson Corp. - Geographic focus
      • Table McKesson Corp. - Segment focus
      • Table McKesson Corp. - Key offerings
    • Medline Industries Inc.
      • Table Medline Industries Inc. - Vendor overview
      • Table Medline Industries Inc. - Product segments
      • Table Medline Industries Inc. - Organizational developments
      • Table Medline Industries Inc. - Key offerings
    • Smith & Nephew Plc
      • Table Smith & Nephew Plc - Vendor overview
      • Table Smith & Nephew Plc - Product segments
      • Table Smith & Nephew Plc - Organizational developments
      • Table Smith & Nephew Plc - Geographic focus
      • Table Smith & Nephew Plc - Segment focus
      • Table Smith & Nephew Plc - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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