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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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.3. Information Procurement
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Wound Closure Strips Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Growing number of surgical procedures
3.2.1.2. Increasing prevalence of injuries and wounds
3.2.1.3. Advancements in wound closure strips
3.2.2. Market Restraint Analysis
3.2.2.1. Lack of resources and awareness about wound management
3.2.3. Market Opportunities Analysis
3.2.3.1. Expansion into emerging economies
3.3. Wound Closure Strips Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of suppliers
3.3.1.2. Bargaining power of buyers
3.3.1.3. Threat of substitutes
3.3.1.4. Threat of new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political & Legal Landscape
3.3.2.2. Economic and Social Landscape
3.3.2.3. Technological landscape
Chapter 4. Wound Closure Strips Market: Product Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Global Wound Closure Strips Market Movement Analysis
4.3. Global Wound Closure Strips Market Size & Trend Analysis, by Product Type, 2018 to 2030 (USD Million)
4.4. Flexible
4.4.1. Flexible Wound Closure Strips Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Reinforced
4.5.1. Reinforced Wound Closure Strips Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Wound Closure Strips Market: Product Sterility Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Global Wound Closure Strips Market Movement Analysis
5.3. Global Wound Closure Strips Market Size & Trend Analysis, by Sterility, 2018 to 2030 (USD Million)
5.4. Sterile
5.4.1. Sterile Wound Closure Strips Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Non-Sterile
5.5.1. Non-Sterile Wound Closure Strips Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Wound Closure Strips Market: Indication Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Global Wound Closure Strips Market Movement Analysis
6.3. Global Wound Closure Strips Market Size & Trend Analysis, by Indication, 2018 to 2030 (USD Million)
6.4. Surgical Wounds
6.4.1. Surgical Wounds Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Lacerations & Minor Cuts
6.5.1. Lacerations & Minor Cuts Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Wound Closure Strips Market: End-use Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Global Wound Closure Strips Market Movement Analysis
7.3. Global Wound Closure Strips Market Size & Trend Analysis, by End-use, 2018 to 2030 (USD Million)
7.4. Hospitals
7.4.1. Hospital Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Specialty Clinics
7.5.1. Specialty Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Physician’s Office
7.6.1. Physician’s Office Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Home Healthcare
7.7.1. Home Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8. Nursing Homes
7.8.1. Nursing Homes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.9. Others
7.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Wound Closure Strips Market: Distribution Channel Estimates & Trend Analysis
8.1. Segment Dashboard
8.2. Global Wound Closure Strips Market Movement Analysis
8.3. Global Wound Closure Strips Market Size & Trend Analysis, by Distribution Channel, 2018 to 2030 (USD Million)
8.4. Institutional Sales
8.4.1. Institutional Sales Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Retail Sales
8.5.1. Retail Sales Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Wound Closure Strips Market: Regional Estimates & Trend Analysis By Product Type, Product Sterility, By Indication, By End User, By Distribution Channel,
9.1. Regional Dashboard
9.2. Market Size & Forecasts and Trend Analysis, 2018 to 2030
9.3. North America
9.3.1. North America Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.3.2. U.S.
9.3.2.1. Key Country Dynamics
9.3.2.2. Competitive Scenario
9.3.2.3. Regulatory Scenario
9.3.2.4. Reimbursement Scenario
9.3.2.5. U.S. Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.3.3. Canada
9.3.3.1. Key Country Dynamics
9.3.3.2. Competitive Scenario
9.3.3.3. Regulatory Scenario
9.3.3.4. Reimbursement Scenario
9.3.3.5. Canada Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.3.4. Mexico
9.3.4.1. Key Country Dynamics
9.3.4.2. Competitive Scenario
9.3.4.3. Regulatory Scenario
9.3.4.4. Reimbursement Scenario
9.3.4.5. Mexico Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4. Europe
9.4.1. Europe Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.2. UK
9.4.2.1. Key Country Dynamics
9.4.2.2. Competitive Scenario
9.4.2.3. Regulatory Scenario
9.4.2.4. Reimbursement Scenario
9.4.2.5. UK Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.3. Germany
9.4.3.1. Key Country Dynamics
9.4.3.2. Competitive Scenario
9.4.3.3. Regulatory Scenario
9.4.3.4. Reimbursement Scenario
9.4.3.5. Germany Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.4. France
9.4.4.1. Key Country Dynamics
9.4.4.2. Competitive Scenario
9.4.4.3. Regulatory Scenario
9.4.4.4. Reimbursement Scenario
9.4.4.5. France Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.5. Italy
9.4.5.1. Key Country Dynamics
9.4.5.2. Competitive Scenario
9.4.5.3. Regulatory Scenario
9.4.5.4. Reimbursement Scenario
9.4.5.5. Italy Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.6. Spain
9.4.6.1. Key Country Dynamics
9.4.6.2. Competitive Scenario
9.4.6.3. Regulatory Scenario
9.4.6.4. Reimbursement Scenario
9.4.6.5. Spain Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.7. Denmark
9.4.7.1. Key Country Dynamics
9.4.7.2. Competitive Scenario
9.4.7.3. Regulatory Scenario
9.4.7.4. Reimbursement Scenario
9.4.7.5. Denmark Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.8. Sweden
9.4.8.1. Key Country Dynamics
9.4.8.2. Competitive Scenario
9.4.8.3. Regulatory Scenario
9.4.8.4. Reimbursement Scenario
9.4.8.5. Sweden Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.9. Norway
9.4.9.1. Key Country Dynamics
9.4.9.2. Competitive Scenario
9.4.9.3. Regulatory Scenario
9.4.9.4. Reimbursement Scenario
9.4.9.5. Norway Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5. Asia Pacific
9.5.1. Asia Pacific Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.2. Japan
9.5.2.1. Key Country Dynamics
9.5.2.2. Competitive Scenario
9.5.2.3. Regulatory Scenario
9.5.2.4. Reimbursement Scenario
9.5.2.5. Japan Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.3. China
9.5.3.1. Key Country Dynamics
9.5.3.2. Competitive Scenario
9.5.3.3. Regulatory Scenario
9.5.3.4. Reimbursement Scenario
9.5.3.5. China Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.4. India
9.5.4.1. Key Country Dynamics
9.5.4.2. Competitive Scenario
9.5.4.3. Regulatory Scenario
9.5.4.4. Reimbursement Scenario
9.5.4.5. India Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.5. South Korea
9.5.5.1. Key Country Dynamics
9.5.5.2. Competitive Scenario
9.5.5.3. Regulatory Scenario
9.5.5.4. Reimbursement Scenario
9.5.5.5. South Korea Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.6. Australia
9.5.6.1. Key Country Dynamics
9.5.6.2. Competitive Scenario
9.5.6.3. Regulatory Scenario
9.5.6.4. Reimbursement Scenario
9.5.6.5. Australia Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.7. Thailand
9.5.7.1. Key Country Dynamics
9.5.7.2. Competitive Scenario
9.5.7.3. Regulatory Scenario
9.5.7.4. Reimbursement Scenario
9.5.7.5. Thailand Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6. Latin America
9.6.1. Latin America Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6.2. Brazil
9.6.2.1. Key Country Dynamics
9.6.2.2. Competitive Scenario
9.6.2.3. Regulatory Scenario
9.6.2.4. Reimbursement Scenario
9.6.2.5. Brazil Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6.3. Argentina
9.6.3.1. Key Country Dynamics
9.6.3.2. Competitive Scenario
9.6.3.3. Regulatory Scenario
9.6.3.4. Reimbursement Scenario
9.6.3.5. Argentina Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7. Middle East & Africa
9.7.1. Middle East & Africa Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.2. South Africa
9.7.2.1. Key Country Dynamics
9.7.2.2. Competitive Scenario
9.7.2.3. Regulatory Scenario
9.7.2.4. Reimbursement Scenario
9.7.2.5. South Africa Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.3. Saudi Arabia
9.7.3.1. Key Country Dynamics
9.7.3.2. Competitive Scenario
9.7.3.3. Regulatory Scenario
9.7.3.4. Reimbursement Scenario
9.7.3.5. Saudi Arabia Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.4. UAE
9.7.4.1. Key Country Dynamics
9.7.4.2. Competitive Scenario
9.7.4.3. Regulatory Scenario
9.7.4.4. Reimbursement Scenario
9.7.4.5. UAE Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.5. Kuwait
9.7.5.1. Key Country Dynamics
9.7.5.2. Competitive Scenario
9.7.5.3. Regulatory Scenario
9.7.5.4. Reimbursement Scenario
9.7.5.5. Kuwait Wound Closure Strips Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
10.1. Market Participant Categorization
10.2. Key Company Profiles
10.2.1. DeRoyal Industries, Inc.
10.2.1.1. Company Overview
10.2.1.2. Financial Performance
10.2.1.3. Service Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. DermaRite Industries, LLC.
10.2.2.1. Company Overview
10.2.2.2. Financial Performance
10.2.2.3. Service Benchmarking
10.2.2.4. Strategic Initiatives
10.2.3. 3M
10.2.3.1. Company Overview
10.2.3.2. Financial Performance
10.2.3.3. Product Benchmarking
10.2.3.4. Strategic Initiatives
10.2.4. Medline Industries, LP
10.2.4.1. Company Overview
10.2.4.2. Financial Performance
10.2.4.3. Product Benchmarking
10.2.4.4. Strategic Initiatives
10.2.5. Gentell
10.2.5.1. Company Overview
10.2.5.2. Financial Performance
10.2.5.3. Product Benchmarking
10.2.5.4. Strategic Initiatives
10.2.6. Dynarex Corporation
10.2.6.1. Company Overview
10.2.6.2. Financial Performance
10.2.6.3. Product Benchmarking
10.2.6.4. Strategic Initiatives
10.2.7. Smith+Nephew
10.2.7.1. Company Overview
10.2.7.2. Financial Performance
10.2.7.3. Product Benchmarking
10.2.7.4. Strategic Initiatives
10.2.8. Dukal, LLC
10.2.8.1. Company Overview
10.2.8.2. Financial Performance
10.2.8.3. Product Benchmarking
10.2.8.4. Strategic Initiatives
10.2.9. Aspen Surgical Products, Inc.
10.2.9.1. Company Overview
10.2.9.2. Financial Performance
10.2.9.3. Product Benchmarking
10.2.9.4. Strategic Initiatives
10.2.10. Essity
10.2.10.1. Company Overview
10.2.10.2. Financial Performance
10.2.10.3. Product Benchmarking
10.2.10.4. Strategic Initiatives
10.2.11. Aero Healthcare
10.2.11.1. Company Overview
10.2.11.2. Financial Performance
10.2.11.3. Product Benchmarking
10.2.11.4. Strategic Initiatives
10.3. Heat Map Analysis/ Company Market Position Analysis
10.4. Estimated Company Market Share Analysis, 2023
10.5. List of Other Key Market Players

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