Wound Closure Devices Market Research Report- Forecast to 2027

Wound Closure Devices 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)- Forecast Till 2027

ID: MRFR/MED/1469-HCR | August 2022 | Region: Global | 85 Pages         

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, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.2 Cyanoacrylates

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3 Staples

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4 Sutures

6.4.1 Absorbable

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4.2 Non- absorbable

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4.3 Braided

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4.4 Monofilament

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.5 Mechanical Devices

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

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

7.1 Introduction

7.2 Burns

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3 Ulcer

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3 Surgical Wounds

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4 Pressure Ulcers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.5 Diabetic Ulcers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.6 Arterial Ulcers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027


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, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3 Chronic Wound

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

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

9.1 Introduction

9.2 Hospitals

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3 Community Healthcare Service Providers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.4 Ambulatory Surgical Centers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.5 Home Care

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027


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, 2020-2027

Table 2 Global Wound Closure Device Market Estimates and Forecast, 2020-2027 (USD Million)

Table 3 Global Wound Closure Device Market, by Region, 2020-2027 (USD Million)

Table 4 Global Wound Closure Device Market, by Device, 2020-2027 (USD Million)

Table 5 Global Wound Closure Device Market, by Application, 2020-2027 (USD Million)

Table 6 Global Wound Closure Device Market, by Wound, 2020-2027 (USD Million)

Table 7 Global Wound Closure Device Market, by End-User, 2020-2027 (USD Million)

Table 8 North America: Wound Closure Device Market, by Device, 2020-2027 (USD

Million)

Table 9 North America: Wound Closure Device Market, by Application, 2020-2027 (USD

Million)

Table 10 North America: Wound Closure Device Market, by Wound, 2020-2027 (USD

Million)

Table 11 North America: Wound Closure Device Market, by End-User, 2020-2027 (USD Million)

Table 12 US: Wound Closure Device Market, by Device, 2020-2027 (USD Million)

Table 13 US: Wound Closure Device Market, by Application, 2020-2027 (USD Million)

Table 14 US: Wound Closure Device Market, by Wound, 2020-2027 (USD Million)

Table 15 US: Wound Closure Device Market, by End-User, 2020-2027 (USD

Million)

Table 16 Canada: Wound Closure Device Market, by Device, 2020-2027 (USD Million)

Table 17 Canada: Wound Closure Device Market, by Application, 2020-2027 (USD Million)

Table 18 Canada: Wound Closure Device Market, by Wound, 2020-2027 (USD

Million)

Table 19 Canada: Wound Closure Device Market, by End-User, 2020-2027 (USD

Million)

Table 20 South America: Wound Closure Device Market, by Device, 2020-2027 (USD

Million)

Table 21 South America: Wound Closure Device Market, by Application, 2020-2027 (USD

Million)

Table 22 South America: Wound Closure Device Market, by Wound, 2020-2027 (USD

Million)

Table 23 South America: Wound Closure Device Market, by End-User, 2020-2027 (USD

Million)

Table 24 Europe: Wound Closure Device Market, by Device, 2020-2027 (USD Million)

Table 25 Europe: Wound Closure Device Market, by Application, 2020-2027 (USD Million)

Table 26 Europe: Wound Closure Device Market, by Wound, 2020-2027 (USD Million)

Table 27 Europe: Wound Closure Device Market, by End-User, 2020-2027 (USD

Million)

Table 28 Western Europe: Wound Closure Device Market, by Device, 2020-2027 (USD

Million)

Table 29 Western Europe: Wound Closure Device Market, by Application, 2020-2027 (USD

Million)

Table 30 Western Europe: Wound Closure Device Market, by Wound, 2020-2027

(USD Million)

Table 31 Western Europe: Wound Closure Device Market, by End-User, 2020-2027 (USD

Million)

Table 32 Eastern Europe: Wound Closure Device Market, by Device, 2020-2027 (USD

Million)

Table 33 Eastern Europe: Wound Closure Device Market, by Application, 2020-2027 (USD

Million)

Table 34 Eastern Europe: Wound Closure Device Market, by Wound, 2020-2027

(USD Million)

Table 35 Eastern Europe: Wound Closure Device Market, by End-User, 2020-2027 (USD

Million)

Table 36 Asia-Pacific: Wound Closure Device Market, by Device, 2020-2027 (USD

Million)

Table 37 Asia-Pacific: Wound Closure Device Market, by Application, 2020-2027 (USD

Million)

Table 38 Asia-Pacific: Wound Closure Device Market, by Wound, 2020-2027 (USD

Million)

Table 39 Asia-Pacific: Wound Closure Device Market, by End-User, 2020-2027 (USD

Million)

Table 40 Middle East & Africa: Wound Closure Device Market, by Device, 2020-2027

(USD Million)

Table 41 Middle East & Africa: Wound Closure Device Market, by Application, 2020-2027

(USD Million)

Table 42 Middle East & Africa: Wound Closure Device Market, by Wound, 2020-2027

(USD Million)

Table 43 Middle East & Africa: Wound Closure Device Market, by End-User, 2020-2027 (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, 2020

Figure 5 Global Wound Closure Device Market Share, by Application, 2020

Figure 6 Global Wound Closure Device Market Share, by Wound, 2020

Figure 7 Global Wound Closure Device Market Share, by End-User, 2020

Figure 8 Global Wound Closure Device Market Share, by Region, 2020

Figure 9 North America: Wound Closure Device Market Share, by Country, 2020

Figure 10 Europe: Wound Closure Device Market Share, by Country, 2020

Figure 11 Asia-Pacific: Wound Closure Device Market Share, by Country, 2020

Figure 12 Middle East & Africa: Wound Closure Device Market Share, by Country, 2020

Figure 13 Global Wound Closure Device Closure Device Market: Company Share Analysis, 2020 (%)

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

Wound Closure Devices Market

The Wound Closure Devices Market value is aiming for great expansion USD 22.3 billion and the market operations are expected to rise at a CAGR of 9.2% by the end of the forecast period

Segmentation

By Device Mechanical Sutures Staples Adhesives Wound Closure Devices
By Application Arterial Ulcers Diabetic Ulcers Pressure Ulcers Surgical Wounds Ulcers Burns
By Type of Wound Acute Wounds Chronic Wounds Others
By End-User Hospitals Community Healthcare Services Others

Key Players

  • CP Medical
  • Integra Lifescience
  • Gecko Biomedical
  • Arthrex GmbH
  • DACH Medical Group
  • ConvaTec
  • Kinetic Concepts
  • Derma Sciences
  • BSN Medical Inc.
  • Baxter International
  • Others

Drivers

  • Advancement in technology
  • Decrease in a number of surgical site infections
  • Growing volume of surgical procedures
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Wound Closure Devices Market Overview:


The Wound Closure Devices Market value is aiming for great expansion during the forecast period of 2018-2023. During the stated period, the market operations are expected to rise at a CAGR of 6.9% by the end of the forecast period in 2023.


The main purpose and idea behind using the devices and other products that belong to the Wound Closure Devices Market is the need to restore the skin structure post the healing of the wound. Using these devices helps in declining the chances of developing scars on the skin, followed by infection and impairment. Rapid wound closure devices are very beneficial as they possess the ability to reduce the amount of bleeding and discomfort that is usually a result of open wounds and infections.


COVID 19 Analysis of Wound Closure Devices Market


Since the pandemic has come into the limelight, all the healthcare services and providers have been diverted to treat the people who are corona positive. Hence, this is resulting in a reduced demand for the closure of the wound devices market size, thus, leading to losses. However, with the decrease in cases and normal course of functioning, the demand is expected to rise between the period 2018-2023. During this period, supportive government regulations and increased investment will help the wound closure device market.


Wound Closure Devices Market Dynamics


Drivers


Owing to the demand for the devices, the Wound Closure Devices Market is expecting the rise of various factors that will drive the demand of the market during the forecast period that ends in 2028. There is a steep rise in the prevalence of chronic wounds related to problems like diabetic foot ulcers, pressure ulcers, and venous leg ulcers. Also, a major increase in the number of accidents happening on an everyday basis is increasing the risk of developing wounds. These factors are anticipating for the Wound Closure Devices Market to grow as per the projected rate during the forecast period.


Restraints


However, there are rising concerns related to product recalls and the less availability of any alternative means that might restrain the market operations from growing as per the projected rate during the forecast period. Also, the lack of accessibility of reliable replacements as a part of the industry trends will pose major growth challenges for the Wound Closure Devices Market between the forecast period of 2018-2023.


Technology Analysis


The population of the world is rising which in turn is leading to the increase in the rise of the elderly population. This fact backed with the prevalence of disabilities across the global population is showing a lot of potentials for the Wound Closure Devices Market operations to focus and gain maximum benefit from. Owing to the emergence of the newest technology in the medical and healthcare services departments is increasing the demand for surgeries amongst elders is very common and hence, the demand for the Wound Closure Devices Market products is expected to cushion during the forecast period that ends in 2023.


Study Objectives



  • To project the CAGR rate of the Wound Closure Devices Market during the forecast period of 2018-2023. The report aims to consider the impact of the coronavirus outbreak on the market operations and the revival strategies of the market in the form of drivers, opportunities, challenges, and restraints that are underway during the period.

  • To analyze the degree of the scale of the market operations and the ability of the market segments to cater to the elaborated needs of the target audience and hence, earn revenues that will impact the forecasted market value by the end of the period in 2028.

  • To analyze the segment functioning in major geographies and the rising competitiveness amongst the players that have their manufacturing and production units in these regions. Also, the report aims to discuss the objectives and goals of the players by understanding the scale of the recent developments undertaken to dominate the region and the Wound Closure Devices Market operations.


Wound Closure Devices Market Segmentation


The Wound Closure Devices Market has been divided in the global market based on the device, application, type of wound, and end-users.


Based on the Device


The market has been divided all across the globe based on the device into mechanical, sutures, staples, and adhesives wound closure devices. The adhesives are further sub-divided into cyanoacrylates adhesives and fibrin tissue adhesives. The sutures are also sub-divided into monofilament, braided, non-absorbable, and absorbable.


Based on the Application


The market has been divided all across the globe based on the application into arterial ulcers, diabetic ulcers, pressure ulcers, surgical wounds, ulcers, and burns.


Based on the Type of Wound


The market has been divided all across the globe based on the type of the wound into acute wounds, chronic wounds, and various other wounds.


Based on the End-User Industry


The market has been divided all across the globe based on the end-user industry into the home care sector, ambulatory surgical centers, community healthcare service providers, hospitals, and various others.


Wound Closure Devices Market Regional Analysis


The Wound Closure Devices Market has been divided in the global market based on the regions into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region due to the presence of an aging population, sports and adventure, increasing injuries related to accidents, and an increasing number of surgical procedures that drive the market demand to this region.


The second-largest market share in the global market is held by the European region owing to the presence of well-established technologically advanced infrastructure along with a healthcare system that drives the market demand to this region. The increasing number of road accidents is another contributing factor that drives the market demand.


Being the fastest-growing region, the third-largest market share in the global market is held by the Asia-Pacific region owing to the presence of various highly populated countries like India and China that drives the market demand in this region. Increasing chronic diseases like ulcers, diabetes, and various others is another factor that drives the market demand in this region.


The Latin American region and the Middle East and African region hold the least market share due to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.


Competitive Landscape


The most prominent major key players in the Wound Closure Devices Market all across the globe are mentioned:



  • CP Medical

  • Integra Lifescience

  • Gecko Biomedical

  • Arthrex GmbH

  • DACH Medical Group

  • ConvaTec

  • Kinetic Concepts

  • Derma Sciences

  • BSN Medical Inc.

  • Baxter International

  • Smith & Nephew

  • Medtronic

  • Ethicon Inc.

  • B Braun Melsungen AG

  • Abbott Laboratories

  • 3M


These major key players use various strategies to sustain their market position in the Wound Closure Devices Market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the wound closure device all across the globe.


Recent Developments



  • All the major market key players are highly investing in mergers and acquisitions, joint ventures, and new products.

  • Baxter International is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales revenue.

  • In the North American region, there were approximately 3 million non-fatal injuries coupled with 150,000 deaths suffered from road accidents according to the reports of the American Association for the Surgery of Trauma and Injury.

  • In the Asia-Pacific region, there are more than 96 million diabetics patients according to the reports of WHO owing to the presence of the aged population in this region.


Report Overview


This global Wound Closure Devices Market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technical Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains factors that drive the growth of the Wound Closure Devices Market in the global market along with the factors that restrict its growth in the global market. The role of technology in driving positive demands for market operations is discussed. The impact of COVID 19 on the market across the globe is highlighted.


 



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2017-2023:~6.9%.
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Device, Application, Type of wound, And End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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
  Key Market Opportunities   Product Manufacturers
  Key Market Drivers

  • Advancement in technology
  • Decrease in a number of surgical site infections
  • Growing volume of surgical procedures


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    Frequently Asked Questions (FAQ) :

    The global wound closure device market is projected to expand at approximately 6.9% CAGR during the review period (2018-2023).

    Advancement in wound closure technology, the emergence of improved wound closure devices, and augmenting need for reducing surgical expenditure and hospital stay are the major tailwinds pushing the growth of the global wound closure device market.

    North America holds the largest share in the global wound closure device market, followed by Europe and the Asia Pacific, respectively.

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

    Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global wound closure device market adopt to gain a larger competitive advantage.