Global Wound Closure Devices Market 2022-2026

Global Wound Closure Devices Market 2022-2026

Technavio has been monitoring the wound closure devices market and it is poised to grow by $ 5.28 billion during 2022-2026, accelerating at a CAGR of 7.18% during the forecast period. Our report on the wound closure devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for cosmetic and plastic surgeries, increasing prevalence of acute and chronic wounds, and increasing volume of surgical procedures.

The wound closure devices market analysis includes the product segment and geographic landscape.

Technavio's wound closure devices market is segmented as below:

By Product

• Sutures
• Hemostats
• Surgical staples
• Wound sealants
• Wound strips

By Geographical Landscape

• North America
• Europe
• Asia
• Rest of World (ROW)

This study identifies the advancements in wound care technologies as one of the prime reasons driving the wound closure devices market growth during the next few years. Also, expanding indications for wound closure devices and increasing road traffic accidents will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the wound closure devices market covers the following areas:

• Wound closure devices market sizing
• Wound closure devices market forecast
• Wound closure devices market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wound closure devices market vendors that include 3M Co., Abbott Laboratories, Arthrex Inc., B. Braun SE, Baxter International Inc., Connexicon Medical Ltd., ConvaTec Group Plc, DeRoyal Industries Inc., Essity Aktiebolag, Futura Surgicare Pvt. Ltd., Integra Lifesciences Holdings Corp., IVT Medical Ltd., Johnson and Johnson, Medtronic Plc, Smith and Nephew plc, Stryker Corp., Teleflex Inc., Theragenics Corp., Welfare Medical Ltd., and Cryolife Inc. Also, the wound closure devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.