Wound Closure Strips Market Size, Share & Trends Analysis Report By Product Type (Flexible, Reinforced), By Product Sterility (Sterile, Non-Sterile), By Indication, By End Use, Distribution Channel And Region Forecasts, 2024 - 2030

Wound Closure Strips Market Size, Share & Trends Analysis Report By Product Type (Flexible, Reinforced), By Product Sterility (Sterile, Non-Sterile), By Indication, By End Use, Distribution Channel And Region Forecasts, 2024 - 2030

Wound Closure Strips Market Growth & Trends

The global wound closure strips market size is anticipated to reach USD 349.8 million by 2030 and is anticipated to grow at a CAGR of 5.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. This is attributed to the growing number of surgical procedures and the increasing prevalence of injuries and wounds. Increasing in road accidents is one of the major factors supporting the market growth in forecast years. According to the National Highway Traffic Safety Administration, in the U.S. 40,990 people died in motor vehicle traffic crashes in 2023. Road accidents result in various injuries, including cuts, lacerations, and abrasions. As more injuries occur, the need for effective wound closure products, such as strips, increases.

First responders and emergency medical services require reliable and quick wound closure solutions to treat accident victims at the scene. Wound closure strips are easy to use and provide immediate care, driving demand. Wound closure strips offer a non-invasive option compared to traditional sutures or staples, reducing the risk of infection and scarring. This preference boosts their usage. Speed is crucial in emergencies. Wound closure strips can be applied quickly, providing an efficient solution for minor and moderate wounds.

Older adults are more prone to falls due to factors such as reduced balance, weaker muscles, and decreased bone density. Falls result in cuts, lacerations, and abrasions, necessitating wound closure products. Aging skin tends to be thinner and more fragile, making it more susceptible to injuries from minor trauma. This increased vulnerability requires effective wound closure solutions to prevent complications. As people age, their bodies heal more slowly due to reduced collagen production and impaired blood circulation. This slower healing process increases the need for wound closure strips that can keep wounds closed and protected for extended periods. Longer healing times can elevate the risk of wound infections. Wound closure strips provide a protective barrier, reducing the chance of infections and promoting better wound management.

However, if wound closure strips are not applied and maintained properly, they can create an environment conducive to bacterial growth, leading to infections. This risk can deter both healthcare providers and patients from using these products. It is crucial to ensure proper hygiene and sterility when applying wound closure strips. The fear of infection due to improper application can lead to hesitation in using these strips, especially in settings with limited access to sterile conditions. Meeting stringent regulatory standards for sterility and infection control can be a barrier for manufacturers, leading to increased production costs and challenges in bringing products to market.

Wound Closure Strips Market Report Highlights

• Based on product type, the flexible segment dominated the market in 2023 owing to the growing focus on the benefits of flexible wound closure strips, including easy application, breathable fabric, and pain-free wound closure.
• Based on product sterility, the sterile dominated the market in 2023 owing to the growing focus on reducing surgical and wound site infection and the availability of sterile products from major industry participants.
• Based on indications, the surgical wounds segment dominated the market in 2023 and it is expected to witness the fastest growth over the forecast period.
• Hospitals dominated the end-use segment in 2023, and it is expected to witness the significant growth over the forecast period.
• Based on distribution channel, the institutional sales segment dominated the market in 2023.

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