The global wound closure strips market size was estimated at USD 365 million in 2021 and is anticipated to expand at a CAGR of 6.5% between 2023 to 2032.
Wound closure strips are generally practiced with or as options to stitching or sutures. Compared with sutures and stitching, wound closure strips exhibit faster closure time, minor discomfort, lower tissue trauma, and less danger of tissue strangulation. In addition, the wound closure strips help rapid healing with minimum scarring, giving a more satisfying cosmetic result.
The demand for wound closure devices is increasing due to the occurrence of chronic injuries, growing circumstances of mishaps, calamities, and the increasing number of surgical treatments. Increasing prevalence of chronic injuries like pressure ulcers, venous leg ulcers, and diabetic foot ulcers, are estimated to boost the demand for wound closure strips in the course of the assessment period.
The North America market led the wound closure market with uppermost income share in 2019 as a result of the existence of main companies in the region and the growing occurrence of chronic injuries. In addition, the increasing number of patients undergoing surgeries and rising awareness about minimally invasive surgeries are also responsible for regional market growth.
Major companies functioning in the North America market consist of Medtronic, Baxter, B. Braun Melsungen AG, Johnson & Johnson Services, Inc., and 3M. These corporations are financing in research and development projects to produce medical devices that can accelerate the closure of the wound. The APAC wound closure strips market is projected to perceive the rapid expansion in the course of the evaluation period. The development of the market is credited to increasing medical tourism in the region.
Wound closure strips Market Share Analysis, by Geography (2022)
The report titled “Wound closure strips Market- Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Wound closure strips market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global wound closure strips market is segmented on the basis of product, wound type, end-use, and geography. On the basis of product, the market has been segmented into mechanical wound closure devices, sutures, sealants, strips, staples, and adhesives. By wound type the market is segmented into chronic and acute. Based on end-use the market is divided into clinics, hospitals, trauma centers, and others. Based on geography, the global Wound closure strips Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Indonesia, Australia, South Korea, Taiwan, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on wound closure strips. Further, market share of prominent companies in the global Wound closure strips Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the wound closure strips companies. The global Wound closure strips Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the wound closure strips business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Wound closure strips Market.
Major players active in the global wound closure strips market are Wound care technologies Inc., Covidien, B Braun Melsungen AG, ZipLine Medical, NeatStitch Ltd., Integra Lifesciences Corp., Abbott Vascular, BSN Medical, DermaRite Industries LLC, Teleflex medical incorporated, Smith & Nephew, Medtronic PLC, Baxter International, Derma Sciences Inc., Dukal Corporation, Ethicon US LLC, and 3M Healthcare.
Wound Closure Strips Market Segmentation:
By Product
By Wound Type
By End-User
By Geography
The sample report for the Wound Closure Strips Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
Some key players operating in the Wound Closure Strips market include Wound care technologies Inc., Covidien, B Braun Melsungen AG, ZipLine Medical, NeatStitch Ltd., Integra Lifesciences Corp., Abbott Vascular, BSN Medical, DermaRite Industries LLC, Teleflex medical incorporated, Smith & Nephew, Medtronic PLC, Baxter International, Derma Sciences Inc., Dukal Corporation, Ethicon US LLC, and 3M Healthcare..
The end-use segments in Wound Closure Strips market are Clinics, Hospitals , Trauma centers and Others
North America is the principal contributor to the global Wound Closure Strips market.
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