The global wound closure devices market size is expected to
reach USD 22.98 billion by 2026, expanding at a CAGR of 7.1%, according to a
new report by Grand View Research, Inc. Increasing prevalence of chronic
injuries, technological advancements, and rising number of road accidents and
surgeries are expected to propel market growth.
Rising incidence of road accidents across the
globe has led to increase in demand for various wound closure devices. For
instance, as per the reports on Road Traffic Injuries by WHO, every year 20
million to 50 million people suffer from some kind of injuries or disabilities
resulting from road accidents. Moreover, increasing prevalence of burn and
trauma cases globally is anticipated to drive the market. For instance, as per
WHO (2018), around 1,000,000 people suffer from severe or moderate burns in
India, each year. In addition, as per the National Center for Biotechnology
Information (NCBI), in 2017, countries such as Bulgaria, Finland, the
Netherlands, and China reported a rise in incidence of burn injuries. Wound
closure devices, such as adhesives, staples, and sutures, are required for the
treatment of such injuries.
North America held the largest market share in
2018 owing to the presence of key players in the region. Rising awareness among
patients regarding the benefits of surgeries in providing quick relief from
pains is driving regional growth. Key players operating in the North America
market include B. Braun Melsungen AG; 3M; Medtronic; Johnson & Johnson
Services, Inc.; and Baxter. The Asia Pacific market is expected to exhibit the
fastest growth rate over the forecast period owing to surge of medical tourism.
Some of the products offered by key players
are STRATAFIX suture by Johnson & Johnson, TISSEELfibrin sealant by Baxter,
Biatain Adhesive and Biatain Ag Adhesive by Coloplast Corp., and APPOSE Single
Use Skin Stapler by Medtronic.
For full research report on Wound
Closure Devices Market visit here: https://www.grandviewresearch.com/industry-analysis/wound-closure-devices-market
Further key
findings from the report suggest:
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/wound-closure-devices-market/request/rs1
Grand
View Research has segmented the global wound closure devices market on the
basis of product, wound type, end use, and region:
Wound Closure
Devices Product Outlook (Revenue, USD Million, 2015 - 2026)
- Adhesives
- Staples
- Sutures
- Absorbable
- Non-absorbable
- Strips
- Sterile
- Non-Sterile
- Sealants
- Synthetic
- Non-synthetic
- Collagen based
- Mechanical wound
closure devices
Wound Closure
Devices Wound Type Outlook (Revenue, USD Million, 2015 - 2026)
- Chronic
- Acute
Wound Closure
Devices End-use Outlook (Revenue, USD Million, 2015 - 2026)
- Hospital
- Clinics
- Trauma centers
- Others
Wound Closure
Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia-Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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