Global Wound Closure Devices Market Scope and Market Size
The Wound Closure Devices Market Size
● The incidence rate of venous leg ulcers ranges from 0.18 percent to 1.0 percent, according to the National Centre for Biotechnology Information (NCBI). Venous leg ulcers are the most advanced type of chronic venous illness, with a recurrence rate of approximately 70%. With the increased prevalence of chronic diseases, the demand for wound closure devices is expected to rise. The rising incidence of chronic illnesses such as autoimmune disorders, diabetes, and cancer is one of the major factors contributing to an increase in the number of operations performed.
● Data Bridge Market Research analyses that the wound closure devices market is expected to reach the value of USD 13.41 billion by the year 2029, at a CAGR of 4.16% during the forecast period. The rise in the healthcare sector is propelling the wound closure device market forward.
The Wound Closure Devices Market Scope
The 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 analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
● Mechanical devices
On the basis of 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.
● Acute wound
● Chronic wound
On the basis of wound type, the wound closure devices market is segmented into acute wound and chronic wound.
● Surgical wounds
● Pressure ulcers
● Diabetic ulcers
● Arterial ulcers
On the basis of application, the wound closure devices market is segmented into burns, ulcer, surgical wounds, pressure ulcers, diabetic ulcers and arterial ulcers.
● Community healthcare service providers
● Ambulatory surgical centres
● Home care
On the basis of end user, the wound closure devices market is segmented into hospitals, community healthcare service providers, ambulatory surgical centres and home care.
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Market Analysis and Insights - Global Wound Closure Devices Market
The wound closure devices market is analysed and market size insights and trends are provided by country, product type, wound type, application, and end user 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 IAfrica (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the wound closure devices market due to the presence of major players and the increasing number of patients undergoing surgeries in the region. Asia-Pacific is expected to grow significantly from 2021 to 2028 as a result of rising medical tourism in the region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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
The 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 kinds 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 periods 2010-2020.
Wound Closure Devices Market Country Level Analysis
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.
Wound Closure Devices Market Share Analysis
The 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.
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Key Players Wound Closure Devices Market
Some of the major players operating in the wound closure devices market are
● Mölnlycke Health Care AB. (Sweden)
● Smith & Nephew plc (UK)
● Medline Industries, Inc. (US)
● AVITA Medical, (UK)
● ConvaTec Inc. (UK)
● Cytori Therapeutics Inc. (US)
● Human BioSciences (US)
● Stryker Corporation (US)
● Organogenesis Inc. (US)
● Wright Medical Group N.V. (US)
MAJOR TOC OF THE REPORT
● Chapter One: Introduction
● Chapter Two: Market Segmentation
● Chapter Three: Market Overview
● Chapter Four: Executive Summary
● Chapter Five: Premium Insights
● Chapter Six: Wound Closure Devices Market by Product & Procedure type
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