Wound Closure Device Market Research Report- Forecast to 2023

Wound Closure Device Market Research Report- Forecast to 2023

ID: MRFR/HC/1469-HCRR | October, 2018 | Region: Global | 85 pages | Half-Cooked Research Reports

Global Wound Closure Device Market: Information by Device (Adhesives, Staples, and Others), Application (Burns and Others), Types of Wound (Acute Wound and Others), End-User (Hospitals, Community Healthcare Services, and Others) –Global Forecast Till 2023


Market Scenario


The global wound closure device market is expected to grow during the forecast period (2018 to 2023) at a CAGR ~6.9%.


Wound closure devices are used for closure of the wound by pulling both the edges together. After surgical procedures, incisions and small wounds are created due to medical interventions. Wound closure devices are used for fast recovery and healing of such wounds. Growing volume of surgical procedures is the primary reason behind increasing the demand for wound closure devices. The increase in a number of plastic and cosmetic surgeries, increasing number of burns, trauma, and accidents, and sports-related injuries are expected to drive the growth of the market. The market is highly fragmented and major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.


Moreover, advancement in technology, decrease in a number of surgical site infections and attempts to reduce hospital stays for reducing surgical expenditure is contributing to the growth of the market. According to a survey conducted by the American Professional Wound Care Association (2017), chronic nonhealing wounds impact nearly 15% of Medicare beneficiaries (8.2 million). The estimated spending for primary wound diagnosis is USD 28 billion per year and the cost for secondary wound diagnosis is estimated to be USD 31.7 billion.  


The risk associated with infectious wounds, side effects of wound closure devices, and unfavorable reimbursement policies may hamper the growth of the market during the assessment period.


Segmentation


The global wound closure device market has been segmented based on device, application, type of wound, and end-user.


On the basis of device, the market has been classified into adhesives, staples, sutures, and mechanical wound closure devices. Adhesives are furthers classified into fibrin tissue adhesives and cyanoacrylates. The sutures segment has been further divided into absorbable, non- absorbable, braided, and monofilament.


On the basis of application, the market has been classified into burns, ulcers, surgical wounds, pressure ulcers, diabetic ulcers, and arterial ulcers. On the basis of type, the surgical wounds segment has been sub-segmented into chronic wounds, acute wounds, and others.


The market, by end-user, has been segmented into hospitals, community healthcare service providers, ambulatory surgical centers, and home care.


The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The wound closure device market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.


The European wound closure device market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The wound closure device market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.


The wound closure device market in the Middle East and Africa has been segmented into the Middle East and Africa.


Regional Market Summary


Global Wound Closure Device Market Share, by Region, 2017 (%)


 


Source: MRFR Analysis


The Americas is likely to hold the majority of the global wound closure device market owing to increase in the number of surgical procedures, increasing injuries related to accidents, sports and adventure, aging population, the presence of a well-established healthcare system, and adoption and awareness of the wound closure technology. According to the American Association for the Surgery of Trauma, injury accounts for over 150,000 deaths and over 3 million non-fatal injuries are reported per year in the US.


The European market is expected to be the second-largest wound closure device market after the Americas. The market growth in this region can be attributed to an increase in aged population and rising occurrence of sports injuries and accidents. Moreover, the growing number of road accidents in the European region are contributing to the growth of the market in this region. According to data published by the European Commission in 2018, more than 135,000 people suffered serious injury from road accidents.


Asia-Pacific is expected to be the fastest-growing wound closure device market during the forecast period owing to the significant increase in aged population, increasing prevalence of chronic diseases such as diabetes leading to the increasing cases of diabetic foot ulcer. According to WHO, there are more than 96 million diabetics patients in the Asia-Pacific region.


The market in the Middle East and Africa is expected to account for the smallest share of the global wound closure device market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.


Key Players


Some of the key players in the global wound closure device market are 3M, Abbott Laboratories, B. Braun Melsungen AG, Ethicon Inc., Medtronic., Smith & Nephew, Baxter International, BSN medical Inc., Derma Sciences, Kinetic Concepts, ConvaTec, DACH Medical Group, Arthrex GmbH, Gecko Biomedical, Integra LifeScience, and CP Medical.


Global Wound Closure Device Market, by Device



  • Adhesives



  • Fibrin tissue adhesives

  • Cyanoacrylates



  • Staples

  • Sutures


    • Absorbable

    • Non-Absorbable

    • Braided

    • Monofilament


  • Mechanical Wound Closure Devices


Global Wound Closure Device Market, by Application



  • Burns

  • Ulcers

  • Surgical Wounds

  • Pressure Ulcers

  • Diabetic Ulcers

  • Arterial Ulcers


Global Wound Closure Device Market, by Type of Wound



  • Acute

  • Chronic


Global Wound Closure Device Market, by End-User



  • Hospitals

  • Community Healthcare Service Providers

  • Ambulatory Surgical Centers

  • Home Care


Global Wound Closure Device Market, by Region



  • Americas

  • North America

  • US

  • Canada

  • South America

  • Europe

  • Western Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Western Europe

  • Eastern Europe

  • Asia-Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Middle East

  • Africa


Intended Audience



  • Wound Closure Device Product Manufacturers

  • Wound Closure Device Product Distributors and Suppliers

  • Healthcare Providers

  • Medical Device Manufacturers

  • Research Institutes and Academic Centers

  • Contract Research Organizations (CROs)

  • Government Associations

  • Market Research and Consulting

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Wound Closure Device Closure Device Market, by Device

6.1 Introduction

6.2 Adhesives

6.2.1 Fibrin Tissue Adhesives

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.2.2 Cyanoacrylates

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.3 Staples

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.4 Sutures

6.4.1 Absorbable

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.4.2 Non- absorbable

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.4.3 Braided

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.4.4 Monofilament

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.5 Mechanical Devices

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 7. Global Wound Closure Device Closure Device Market, by Application

7.1 Introduction

7.2 Burns

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.3 Ulcer

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.3 Surgical Wounds

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.4 Pressure Ulcers

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.5 Diabetic Ulcers

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.6 Arterial Ulcers

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023



Chapter 8. Global Wound Closure Device Closure Device Market, by Type of Wound

8.1 Introduction

8.2 Acute Wound

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.3 Chronic Wound

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 9. Global Wound Closure Device Closure Device Market, by End-User

9.1 Introduction

9.2 Hospitals

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.3 Community Healthcare Service Providers

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.4 Ambulatory Surgical Centers

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.5 Home Care

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023



Chapter 10. Global Wound Closure Device Closure Device Market, by Region

10.1 Introduction

10.2 Americas

10.2.1 North America

10.2.1.1 US

10.2.1.2 Canada

10.2.2 South America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 South Korea

10.4.6 Rest of Asia-Pacific

10.5 Middle East & Africa

10.5.1 Middle East

10.5.2 Africa

Chapter 11. Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Development & Strategies

Chapter 12. Company Profiles

12.1 3M

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials Overview

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 B. Braun

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 Ethicon Inc.

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 Medtronic, PLC.

12.4.1 Company Overview

12.4.2 Technology/Business Segment Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 Smith & Nephew

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.6 Baxter International

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.7 BSN medical Inc

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Derma Sciences

12.8.1 Overview

12.8.2 Product/ Technology Overview

12.8.3 Financials

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.9 Kinetic Concepts

12.9.1 Overview

12.9.2 Product Overview

12.9.3 Financials

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.10 ConvaTec

12.10.1 Overview

12.10.2 Product Overview

12.10.3 Financials

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.11 DACH Medical Group

12.11.1 Overview

12.11.2 Product Overview

12.11.3 Financials

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.12 Arthrex GmbH

12.12.1 Overview

12.12.2 Product Overview

12.12.3 Financials

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.13 Gecko Biomedical

12.13.1 Overview

12.13.2 Product Overview

12.13.3 Financials

12.13.4 Key Developments

12.13.5 SWOT Analysis

12.14 Integra LifeScience

12.14.1 Overview

12.14.2 Product Overview

12.14.3 Financials

12.14.4 Key Developments

12.14.5 SWOT Analysis

12.15 CP Medical

12.15.1 Overview

12.15.2 Product Overview

12.15.3 Financials

12.15.4 Key Developments

12.15.5 SWOT Analysis

Chapter 13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s Viewpoint

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Predictions for the Wound Closure Device Industry

Chapter 14. Appendix

LIST OF TABLES

Table 1 Global Wound Closure Device Market Synopsis, 2018–2023

Table 2 Global Wound Closure Device Market Estimates and Forecast, 2018–2023 (USD Million)

Table 3 Global Wound Closure Device Market, by Region, 2018–2023 (USD Million)

Table 4 Global Wound Closure Device Market, by Device, 2018–2023 (USD Million)

Table 5 Global Wound Closure Device Market, by Application, 2018–2023 (USD Million)

Table 6 Global Wound Closure Device Market, by Wound, 2018–2023 (USD Million)

Table 7 Global Wound Closure Device Market, by End-User, 2018–2023 (USD Million)

Table 8 North America: Wound Closure Device Market, by Device, 2018–2023 (USD

Million)

Table 9 North America: Wound Closure Device Market, by Application, 2018–2023 (USD

Million)

Table 10 North America: Wound Closure Device Market, by Wound, 2018–2023 (USD

Million)

Table 11 North America: Wound Closure Device Market, by End-User, 2018–2023 (USD Million)

Table 12 US: Wound Closure Device Market, by Device, 2018–2023 (USD Million)

Table 13 US: Wound Closure Device Market, by Application, 2018–2023 (USD Million)

Table 14 US: Wound Closure Device Market, by Wound, 2018–2023 (USD Million)

Table 15 US: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)

Table 16 Canada: Wound Closure Device Market, by Device, 2018–2023 (USD Million)

Table 17 Canada: Wound Closure Device Market, by Application, 2018–2023 (USD Million)

Table 18 Canada: Wound Closure Device Market, by Wound, 2018–2023 (USD

Million)

Table 19 Canada: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)

Table 20 South America: Wound Closure Device Market, by Device, 2018–2023 (USD

Million)

Table 21 South America: Wound Closure Device Market, by Application, 2018–2023 (USD

Million)

Table 22 South America: Wound Closure Device Market, by Wound, 2018–2023 (USD

Million)

Table 23 South America: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)

Table 24 Europe: Wound Closure Device Market, by Device, 2018–2023 (USD Million)

Table 25 Europe: Wound Closure Device Market, by Application, 2018–2023 (USD Million)

Table 26 Europe: Wound Closure Device Market, by Wound, 2018–2023 (USD Million)

Table 27 Europe: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)

Table 28 Western Europe: Wound Closure Device Market, by Device, 2018–2023 (USD

Million)

Table 29 Western Europe: Wound Closure Device Market, by Application, 2018–2023 (USD

Million)

Table 30 Western Europe: Wound Closure Device Market, by Wound, 2018–2023

(USD Million)

Table 31 Western Europe: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)

Table 32 Eastern Europe: Wound Closure Device Market, by Device, 2018–2023 (USD

Million)

Table 33 Eastern Europe: Wound Closure Device Market, by Application, 2018–2023 (USD

Million)

Table 34 Eastern Europe: Wound Closure Device Market, by Wound, 2018–2023

(USD Million)

Table 35 Eastern Europe: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)

Table 36 Asia-Pacific: Wound Closure Device Market, by Device, 2018–2023 (USD

Million)

Table 37 Asia-Pacific: Wound Closure Device Market, by Application, 2018–2023 (USD

Million)

Table 38 Asia-Pacific: Wound Closure Device Market, by Wound, 2018–2023 (USD

Million)

Table 39 Asia-Pacific: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)

Table 40 Middle East & Africa: Wound Closure Device Market, by Device, 2018–2023

(USD Million)

Table 41 Middle East & Africa: Wound Closure Device Market, by Application, 2018–2023

(USD Million)

Table 42 Middle East & Africa: Wound Closure Device Market, by Wound, 2018–2023

(USD Million)

Table 43 Middle East & Africa: Wound Closure Device Market, by End-User, 2018–2023 (USD

Million)



LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Wound Closure Device Market

Figure 3 Segmentation Market Dynamics for Global Wound Closure Device Market

Figure 4 Global Wound Closure Device Market Share, by Device, 2017

Figure 5 Global Wound Closure Device Market Share, by Application, 2017

Figure 6 Global Wound Closure Device Market Share, by Wound, 2017

Figure 7 Global Wound Closure Device Market Share, by End-User, 2017

Figure 8 Global Wound Closure Device Market Share, by Region, 2017

Figure 9 North America: Wound Closure Device Market Share, by Country, 2017

Figure 10 Europe: Wound Closure Device Market Share, by Country, 2017

Figure 11 Asia-Pacific: Wound Closure Device Market Share, by Country, 2017

Figure 12 Middle East & Africa: Wound Closure Device Market Share, by Country, 2017

Figure 13 Global Wound Closure Device Closure Device Market: Company Share Analysis, 2017 (%)

Figure 14 3M: Key Financials

Figure 15 3M: Segmental Revenue

Figure 16 3M: Geographical Revenue

Figure 17 Abbott laboratories.: Key Financials

Figure 18 Abbott laboratories.: Segmental Revenue

Figure 19 Abbott laboratories.: Geographical Revenue

Figure 20 B. Braun Melsungen AG: Key Financials

Figure 21 B. Braun Melsungen AG: Segmental Revenue

Figure 22 B. Braun Melsungen AG: Geographical Revenue

Figure 23 Ethicon Inc: Key Financials

Figure 24 Ethicon Inc: Segmental Revenue

Figure 25 Ethicon Inc: Geographical Revenue

Figure 26 Medtronic, PLC.: Key Financials

Figure 27 Medtronic, PLC.: Segmental Revenue

Figure 28 Medtronic, PLC.: Geographical Revenue

Figure 29 Smith & Nephew: Key Financials

Figure 30 Smith & Nephew: Segmental Revenue

Figure 31 Smith & Nephew: Geographical Revenue

Figure 32 Baxter International: Key Financials

Figure 33 Baxter International: Segmental Revenue

Figure 34 Baxter International: Geographical Revenue

Figure 35 BSN medical Inc.: Key Financials

Figure 36 BSN medical Inc.: Segmental Revenue

Figure 37 BSN medical Inc.: Geographical Revenue

Figure 38 Derma Sciences: Key Financials

Figure 39 Derma Sciences: Segmental Revenue

Figure 40 Derma Sciences: Geographical Revenue

Figure 41 Kinetic Concepts: Key Financials

Figure 42 Kinetic Concepts: Segmental Revenue

Figure 43 Kinetic Concepts: Geographical Revenue

Figure 44 DACH Medical Group: Key Financials

Figure 45 DACH Medical Group: Segmental Revenue

Figure 46 DACH Medical Group: Geographical Revenue

Figure 47 Arthrex GmbH Corporation: Key Financials

Figure 48 Arthrex GmbH Corporation: Segmental Revenue

Figure 49 Arthrex GmbH Corporation: Geographical Revenue

Figure 50 Gecko Biomedical: Key Financials

Figure 51 Gecko Biomedical: Segmental Revenue

Figure 52 Gecko Biomedical: Geographical Revenue

Figure 53 Integra LifeScience: Key Financials

Figure 54 Integra LifeScience: Segmental Revenue

Figure 55 Integra LifeScience: Geographical Revenue

Figure 56 CP Medical: Key Financials

Figure 57 CP Medical: Segmental Revenue

Figure 58 CP Medical: Geographical Revenue