Wound Closure Market to be Worth $28.12 Billion by 2031


“Wound Closure Market to be Worth $28.12 Billion by 2031”

Meticulous Research®, a distinguished leader in global market research, announces the release of its comprehensive report titled Wound Closure Market Size, Share, Forecast, & Trends Analysis by Product (Suture, Needle, Tissue Adhesive, Sealant [Fibrin, Synthetic], Skin Stapler, Dressing [Foam, Film, Hydrogel]), Wound (Surgical, Trauma, Burn, DFU), End User — Global Forecast to 2031.’

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The report forecasts that the wound closure market is set to achieve a valuation of $28.12 billion by 2031, reflecting a notable CAGR of 6.8% during the forecast period. This growth trajectory is underpinned by several key factors including the escalating number of surgeries, a surge in chronic wound cases among the elderly demographic, rising incidence of traumatic injuries, heightened awareness regarding wound care, and an increasing focus on infection prevention. However, challenges such as the proliferation of minimally invasive surgeries and infections linked to wound closure devices present hurdles to market expansion.

Moreover, the report highlights the pivotal role of technological advancements in wound closure products and the burgeoning demand for wound closure in aesthetic procedures, which are poised to provide lucrative growth opportunities for market stakeholders. Nevertheless, the menace of antibiotic-resistant infections and product recalls loom as significant challenges affecting market growth.

Key Players

Prominent entities in the wound closure market landscape include 3M Company (U.S.), Medtronic plc (Ireland), Cardinal Health, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), B. Braun Melsungen AG (Germany), Essity AB (Sweden), Medline Industries, LP (U.S.), Stryker Corporation (U.S.), Smith & Nephew plc (U.K.), Integra LifeSciences Corporation (U.S.), Organogenesis Inc. (U.S.), Coloplast A/S (Denmark), Convatec Group plc (U.K.), and Corza Medical (U.S.).

Future Outlook

The report segments the wound closure market based on Product (Sutures, Needles, Tissue Adhesives, Topical/Local Hemostats, Sealants, Skin Staplers, Wound Dressings, Wound Closure Devices, and Other Products & Accessories), Wound Type (Acute Wounds, Chronic Wounds), End User (Hospitals & Clinics, Ambulatory Surgical Centers, Home Care Settings, and Other End Users), and Geography. It conducts a comprehensive assessment of industry competitors and provides insights into regional and country-level market dynamics.

Geographic Review

In terms of geographical analysis, the report delves into major regions including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa. North America is anticipated to command the largest market share of 38.3% in 2024, followed by Europe and Asia-Pacific. The dominance of North America is attributed to factors such as the presence of leading wound closure product manufacturers, advanced healthcare infrastructure, robust healthcare budgets supporting advanced wound closure technologies, favorable reimbursement policies, and escalating awareness initiatives pertaining to wound care.

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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