Authored By: Sarah
11 Jul 2024

 Wound Closure Strips Market Size to grow by USD 100.7 million between 2024-2028

According to a research report “ Wound Closure Strips Market” by Application (Hospital, Clinics, Others) Product (Elastic wound closure strips, Reinforced wound closure strips, Other wound closure strips) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 100.7 million, at a CAGR of almost 4.37% during the forecast period. Healthcare-associated infections, particularly Surgical Site Infections (SSIs), pose a significant challenge to the healthcare industry. SSIs, the second most frequent type of healthcare-associated infections after pneumonia, can lead to increased morbidity and mortality, as well as substantial healthcare costs due to prolonged hospital stays, repeated surgeries, nursing care, and drug treatment. In response, healthcare facilities are increasingly incorporating antimicrobial products into their infection-prevention strategies. One such solution is 3M's Steri-Strip Antimicrobial Skin Closures, which feature active antimicrobial agents like Iodophor. This broad-spectrum antimicrobial agent effectively combats common pathogens, such as Staphylococcus aureus and Escherichia coli (E. coli), thereby minimizing SSIs, enhancing patient outcomes, and reducing overall healthcare costs.

Browse market data tables, figures, and in-depth TOC on “Wound Closure Strips Market” by Application (Hospital, Clinics, Others) Product (Elastic wound closure strips, Reinforced wound closure strips, Other wound closure strips) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Application, the Hospital segment is projected to dominate the market size in 2024

Elastic wound closure strips, such as 3M's Steri-Strip Elastic Skin Closures, are sterile, non-woven elastic bands coated with a pressure-sensitive, hypoallergenic adhesive. These strips offer advantages like elasticity, conformability, and strong adhesion, making them suitable for use in highly contoured areas where musculoskeletal movement or significant edema, swelling, hematomas, or bloating are expected. End-users prefer elastic wound closure strips due to their ability to stretch and adapt to swelling, body movement, and contours, ensuring effective wound closure and promoting faster healing.

By Product, Elastic wound closure strips  segment is expected to hold the largest market size for the year 2024

The Wound Closure Strips Market represents a significant business opportunity for manufacturers and distributors, driven by the increasing prevalence of chronic wounds and the growing demand for minimally invasive wound closure solutions. These strips offer several advantages, including reduced scarring, improved patient comfort, and faster healing times, making them a preferred choice over traditional suturing techniques. Market growth is further fueled by advancements in material science and technology, enabling the production of more effective and cost-efficient wound closure strips.

North America is forecasted to hold the largest market size by region in 2024

The Wound Closure Strips Market signifies a significant growth trajectory, driven by the increasing prevalence of chronic wounds and the rising demand for minimally invasive wound closure solutions. These strips offer several advantages, including reduced scarring, improved patient comfort, and faster healing times. Key players in this market include 3M, Smith & Nephew, and Convatec, who continue to innovate and expand their product portfolios to cater to diverse wound care needs.

The Wound Closure Strips Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 3M Co.
  • Argentum Medical LLC
  • B.Braun SE
  • Beiersdorf AG
  • Cardinal Health Inc.
  • Coloplast AS
  • ConvaTec Group Plc
  • Dynarex Corp.
  • Essity AB
  • Goldwin Medicare Ltd.
  • Integra Lifesciences Corp.
  • Johnson and Johnson Services Inc.
  • Lohmann and Rauscher GmbH and Co. KG
  • Medline Industries LP
  • Medtronic Plc
  • Milliken and Co.
  • Molnlycke Health Care AB
  • Paul Hartmann AG
  • Smith and Nephew plc
  • Triage Meditech Pvt. Ltd.
.

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Research Analysis Overview

The Wound Closure Strips Market encompasses a range of products used in the closure of various types of wounds, including lacerations and incisions. These products find extensive application in trauma centers, operation theatres, and orthopedic practices, where they are essential for the healing of acute and chronic wounds. Molecules involved in wound healing, such as keratinocytes and granulation tissues, play a crucial role in the process. Wound closure strips come in various forms, including adhesive strips, zip ties, glue, sutures, staples, and the Zipline closure system. They are used to close small wounds and large incisions, and are particularly valuable in trauma cases where quick and efficient closure is necessary. In addition to their use in surgical procedures, they are also employed by healthcare providers to manage skin lacerations and joint injuries. The market for wound closure strips is driven by the increasing number of surgical procedures and trauma cases, as well as the growing demand for minimally invasive wound closure techniques. The use of advanced technologies, such as tissue adhesives and skin closure devices, is also expected to fuel market growth. Overall, the wound closure strips market is poised for significant expansion in the coming years.

Market Research Overview

The Wound Closure Strips Market encompasses a range of non-invasive wound closure solutions, including zip-like closure systems, that offer several advantages over traditional methods such as surgical sutures and staples. These systems provide faster recovery, reduce scar tissue formation, and minimize the risk of surgical site infections. Biotechnology industries are at the forefront of developing innovative wound closure solutions. For instance, Hydroxychloroquine molecules are being explored for their potential role in enhancing wound healing. Several biotech companies are focusing on creating advanced wound closure strips using keratinocytes and granulation tissues. Trauma centers and clinics are increasingly adopting these systems for lacerations and small wounds. ZipStich strips, zipper devices, and sterile strips are gaining popularity due to their ease of use and ability to maintain apposition, even on concave surfaces and irregular wounds. Low-tension wounds, such as linear lacerations, benefit significantly from these closure systems. They minimize dead space, which is a common cause of infection. In contrast, stitches and glue can lead to inflammation and infection. The aging population, diabetic population, and trauma cases are significant end-users of these products. The healthcare system is investing heavily in advanced wound closure systems to improve patient outcomes and reduce healthcare costs. Operation theatres and hospitals are also adopting these systems for surgeries, especially in joint replacement procedures. Plastic profile, adjustable ratchet ties, and soft polyurethane pads are some of the materials used in these closure systems. Overall, the market for wound closure strips is expected to grow significantly due to their numerous advantages over traditional wound closure methods.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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