The Wound Closure Devices Market is being driven by Rising demand for cosmetic and plastic surgeries
The Wound Closure Devices Market is expected to grow at a CAGR of 8.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7910 million. The wound care market is poised for significant expansion due to the rising incidence of chronic injuries and surgeries worldwide. Chronic wounds, a growing concern, necessitate advanced and innovative wound closure devices to facilitate effective healing and reduce economic and social implications. The aging population's increasing need for sophisticated wound care solutions is further driving market growth. Notably, non-invasive negative pressure wound therapy (NPWT) has emerged as a promising solution. This technology utilizes controlled sub-atmospheric pressure, applied via an electric pump, to enhance wound healing by promoting granulation tissue formation and reducing edema. The collected drainage is contained in a canister, ensuring optimal wound care and improved patient outcomes.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
238 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
Market growth 2025-2029 |
USD 7910 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
7.7 |
Key countries |
US, Germany, China, Canada, Japan, UK, France, Italy, Mexico, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Wound Closure Devices Market encompasses a range of advanced solutions for wound management, including advanced wound dressings, surgical staplers, absorbable meshes, skin substitutes, and pressure ulcer treatments. These devices cater to both chronic and acute wound care, employing surgical sealants, wound closure strips, biological and synthetic sealants, fibrin sealants, platelet-rich plasma, autologous skin grafts, cellular therapies, and tissue engineering. Key considerations include wound infection rates, re-epithelialization rate, scarring reduction, pain management, and various surgical techniques such as minimally invasive surgery, robotic surgery, and laser surgery.
The Wound Closure Devices Market is a significant segment of the global Healthcare Equipment Market, encompassing surgical tools and solutions for wound closure, such as tissue adhesives, staples, and sutures. According to Technavio, the Healthcare Equipment Market encompasses manufacturers of capital equipment, instruments, implants, accessories, and consumables, used in the diagnosis, monitoring, and treatment of various diseases. The market size is determined by the combined revenue generated from these product categories. The Wound Closure Devices Market specifically focuses on advanced, differentiated, and clinically tested products that facilitate efficient and effective wound healing during surgical procedures.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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