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Wound Closure Devices Market Size, Share, Global Trends Analysis, Growth, Demand, Upcoming Opportunities, By 2026: Grand View Research, Inc.

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Wound Closure Devices Market Size, Share, Global Trends Analysis, Growth, Demand, Upcoming Opportunities, By 2026: Grand View Research, Inc.

November 15
12:45 2021
Wound Closure Devices Market Size, Share, Global Trends Analysis, Growth, Demand, Upcoming Opportunities, By 2026: Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the wound closure devices market witnessed a sharp decline in demand in 2020 owing to the supply chain disruptions caused by the COVID-19 pandemic. With the exponential surge in COVID patients, the hospitals in several countries were forced to adjourn non-critical treatments owing to the critical need for resources and ICU beds and the rising concerns of virus exposure for treating the other patients in the hospital.

The global wound closure devices market size was valued at USD 13.23 billion in 2018 and is expected to exhibit a CAGR of 7.1% over the forecast period. The demand for wound closure devices is on a rise owing to the prevalence of chronic wounds, increasing cases of accidents, and the rising number of surgeries. The rise in the incidences of chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers are anticipated to spur the demand for wound closure devices over the forecast period. Furthermore, in the recent past, there has been a rise in the number of surgical procedures across the globe. The rising prevalence of chronic diseases, such as cancer, diabetes, and autoimmune diseases, is one of the key factors leading to an increase in the number of surgeries being performed. The incidence of infectious and non-communicable diseases has increased over the past few decades. These factors are likely to accelerate market growth over the forthcoming years.

 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/wound-closure-devices-market

 

Wound Closure Devices Market Highlights

 

  • On the basis of product, sutures segment dominates the wound closure devices market owing to the rising number of accidents across the globe. 
  • On the basis of wound type, the acute wound segment holds the largest market share owing to the rising number of surgeries and burn cases, globally.
  • On the basis of end-use, the hospital segment holds the largest market share owing to the rising number of surgeries and increasing cases of road accidents.
  • On the basis of geography, the Asia Pacific market is anticipated to witness the fastest growth over the forecast period. The growth of the market is attributable to rising medical tourism in the region. 

 

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Wound Closure Devices Market Segmentation

 

Grand View Research has segmented the global wound closure devices marketon the basis of product, wound type, end-use, and region:

 

Wound Closure Devices Product Outlook (Revenue, USD Million, 2015 – 2026)

  • Adhesives
  • Staples
  • Sutures
    • Absorbable
    • Non-absorbable
  • Strips
    • Sterile
    • Non-Sterile
  • Sealants
    • Synthetic
    • Non-synthetic
    • Collagen-based
  • Mechanical wound closure devices

Wound Closure Devices Wound Type Outlook (Revenue, USD Million, 2015 – 2026)

  • Chronic
  • Acute

Wound Closure Devices End-use Outlook (Revenue, USD Million, 2015 – 2026)

  • Hospital
  • Clinics
  • Trauma Centers
  • Others

Wound Closure Devices Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia

List of Key Players in the Wound Closure Devices Market

  • 3M
  • Johnson & Johnson Services, Inc.
  • B. Braun Melsungen AG
  • Medtronic
  • Baxter
  • Integra LifeSciences Corporation
  • Smith & Nephew

 

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/1