Global Wound Closure Devices Market, By Product Type (Adhesives, Staples, Sutures, Sealants, Mechanical Devices), Wound Type (Acute Wound, Chronic Wound), Application (Burns, Ulcer, Surgical Wounds, Pressure Ulcers, Diabetic Ulcers, Arterial Ulcers), End User (Hospitals, Community Healthcare Service Providers, Ambulatory Surgical Centers, Home Care), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Wound closure devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to grow at a CAGR of 7.57% in the above-mentioned forecast period.
The high demand for wound closure devices is rapidly rising owing to the occurrence of chronic wounds, rising cases of accidents and the growing number of surgeries which is largely impacting the growth of wound closure devices market over the forecast period of 2020 to 2027.
Also there is a rising demand for plastic and cosmetic surgeries which are performed in case of congenital disorder, accidents, trauma, and burns and to reinstate, reform, improve, and enhance an individual's appearance and self-reliance. The customers are ever more demanding minimally invasive and non-surgical procedures owing to its less effect on the physical appearance post-surgery and wound closure devices are used to close the wounds post plastic and cosmetic surgeries thus highly influencing the growth of the wound closure devices market.
Moreover, rising geriatric population demands refined and advanced wound care technologies to aid them recover faster which is also adding to the market growth. Likewise, factors such as the rising incidences of burns and traumas, increasing cases of sport related injuries, growing incidence of chronic wounds such as venous leg ulcers, diabetic foot ulcers, and pressure ulcers as well the improve patient medical conditions and reduce the length of stay in the hospitals for patients are some of the key aspects driving the market of wound closure devices globally. While, the minimally invasive surgeries demand have increased as well as the unfavorable reimbursement policies are expected to impede the growth of the wound closure devices market in the above mentioned forecast period. Additionally, the upsurge in the incidence rate of diabetes triggered by rapid urbanization and inactive lifestyle are also lifting the growth of the wound closure devices market.
The rapid advancement in technology, reduce in a number of surgical site infections and attempts to decrease hospital stays for reducing surgical expenditure will create ample growth opportunities for the wound closure devices market to grow in the forecast period of 2020 to 2027. The various side effects coupled with the wound closure devices will challenge the growth of the wound closure devices market.
This wound closure devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wound closure devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wound Closure Devices Market Scope and Market Size
Wound closure devices market is segmented on the basis of product type, wound type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the wound closure devices market is segmented into adhesives, staples, sutures, sealants and mechanical devices. Adhesives are further segmented into fibrin tissue adhesives and cyanoacrylates. Sutures segment has been further divided into absorbable, non-absorbable, braided, and monofilament. Strips are further segmented into sterile and non-sterile. Sealants are further segmented into synthetic, non-synthetic and collagen-based.
- On the basis of wound type, the wound closure devices market is segmented into acute wound and chronic wound.
- The application segment of the wound closure devices market is segmented into burns, ulcer, surgical wounds, pressure ulcers, diabetic ulcers and arterial ulcers.
- On the basis of end user, the wound closure devices market is segmented into hospitals, community healthcare service providers, ambulatory surgical centers and home care.
Global Wound Closure Devices Market Country Level Analysis
Wound closure devices market is analyzed and market size insights and trends are provided by country, product type, wound type, application and end user as referenced above.
The countries covered in the wound closure devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the wound closure devices market owing to the rising number of patients undergoing surgeries and growing awareness regarding minimally invasive surgeries along with strong presence of major players in this particular region.
Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2020 to 2027 owing to the rapidly rising medical tourism in the region.
The country section of the wound closure devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Wound closure devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for wound closure devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the wound closure devices market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Wound Closure Devices Market Share Analysis
Wound closure devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wound closure devices market.
The major players covered in the wound closure devices market report are Medtronic, Abbott, Integra LifeSciences Corporation, Radcliffe Medical Media, B. Braun Melsungen AG, BSN medical, Smith + Nephew, Baxter, 3M, Teleflex Incorporated, ConvaTec Group PLC, Coloplast, Arthrex Inc., DACH Medical Group, IVT Medical Ltd., Dolphin Sutures, Johnson & Johnson Services Inc., Boston Scientific Corporation, Welfare Medical Ltd., Riverpoint Medical and CryoLife Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Wound Closure Devices Market
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