Latest News- Wound Closure Devices Market: Sutures is expected to lead the Product segment during 2025-2029

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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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Sutures
  • Hemostats
  • Surgical staples
  • Wound sealants
  • Wound strips
• Application
  • General surgery
  • Orthopedics
  • Gynecology and obstetrics
  • Cardiology
  • Others
• End-user
  • Hospitals
  • Ambulatory surgical centers
  • Specialty wound clinics
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for cosmetic and plastic surgeries
• Increasing prevalence of acute and chronic wounds
• Increasing volume of surgical procedures

However, the market also witnesses some limitations, which are as follows:

• Intense competition leading to pricing pressure
• High technical requirements for utilization of wound closure devices
• Emerging minimally invasive surgeries

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Market Scope in Wound Closure Devices Market Research Report

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Research Analysis Overview

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.

Market Research Overview

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
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/