GVR Report cover Wound Closure Devices Market Size, Share & Trends Report

Wound Closure Devices Market Size, Share & Trends Analysis Report By Product (Adhesives, Staples, Sutures, Strips, Sealants, Mechanical), By Wound Type (Acute, Chronic), By End Use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-4-68038-014-9
  • Number of Report Pages: 100
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2022
  • Forecast Period: 2024 - 2030 
  • Industry: Healthcare

Report Overview

The global wound closure devices market size was valued at USD 18.7 billion in 2023 and is expected to exhibit a CAGR of 6.4% from 2024 to 2030. This growth is attributed to the increasing prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, alongside a rise in surgical procedures, particularly minimally invasive surgeries. In addition, technological advancements in wound closure products enhance safety and efficacy, while the growing awareness of the benefits of these devices among healthcare providers further stimulates market expansion. Furthermore, the rising incidence of sports injuries and road accidents also contributes to the escalating need for effective wound management solutions.

U.S. wound closure devices Market size

Wound closure devices are essential to seal wounds and surgical incisions following injuries or operations. They encompass a variety of products, including sutures, staples, clips, hemostatic agents, and stapling devices. The global demand for these devices is expected to rise due to the increasing prevalence of diseases necessitating surgical interventions, such as cancer and respiratory illnesses.

The growing rates of sports injuries and road accidents will further boost the market. The transparent designs of many wound closure devices enhance control during application, contributing to their popularity. The rise in diabetic foot wounds and venous leg ulcers, largely attributed to an aging population, is also driving demand for wound closure solutions. Manufacturers are responding by introducing technologically advanced options that simplify surgical procedures. Furthermore, heightened awareness surrounding minimally invasive surgeries and the increasing number of patients undergoing operations are key factors propelling the growth of next-generation wound closure devices.

Product Insights 

Sutures led the market and accounted for the largest revenue share of 30.1% in 2023 attributed to the increasing number of surgical procedures globally and the rising prevalence of chronic wounds. As more patients undergo surgeries for conditions such as cancer and cardiovascular diseases, the demand for effective wound closure solutions rises correspondingly. In addition, developments in suture technology, including absorbable and non-absorbable options, enhance their application in various surgical settings. Furthermore, the growing preference for minimally invasive surgeries further fuels the adoption of sutures, as they are often preferred for their adaptability and efficacy in wound healing.

The surgical staples segment is also expected to grow substantially over the forecast period owing to technological advancements and an increasing preference for surgical staplers over traditional sutures. In addition, the growing number of surgical procedures, particularly in general and minimally invasive surgeries, drives demand for stapling devices that offer speed and efficiency. Furthermore, the increasing acceptance of automated and powered staplers enhances their appeal among healthcare professionals. The rising awareness of the benefits of surgical staples, such as reduced tissue trauma and improved healing times, contributes to their increasing adoption in numerous medical applications.

Wound Type Insights

Acute wounds dominated the market and accounted for the largest revenue share of 68.3% in 2023 attributed to an increase in traumatic injuries and surgical procedures. The growing global population and higher rates of accidents and injuries have led to a greater demand for effective wound management solutions. In addition, developments in wound closure technologies enhance healing efficacy and reduce complications, making them crucial in emergency care settings. Furthermore, the growing awareness of proper wound care practices among healthcare professionals and patients contributes to the increasing adoption of acute wound closure devices.

Chronic wounds are expected to grow at a CAGR of 6.2% over the forecast period attributed to the rising prevalence of conditions such as diabetes, obesity, and an aging population. These factors significantly increase the incidence of chronic wounds, such as diabetic ulcers and pressure sores, needing innovative wound care solutions. In addition, the difficulty of managing chronic wounds requires innovative products that promote healing and prevent infections. Furthermore, the growing emphasis on improving patient outcomes and reducing healthcare costs drives investments in advanced wound closure technologies tailored for chronic wound management.

End Use Insights

Hospitals dominated the market and accounted for the largest revenue share of 45.4% in 2023 driven by the increasing number of surgical procedures and trauma cases. With a rise in chronic diseases and accidents, hospitals are witnessing a surge in patient admissions requiring effective wound management solutions. In addition, advancements in medical technology and surgical techniques enhance wound closure efficiency, increasing demand. Furthermore, hospitals also benefit from economies of scale, enabling them to invest in advanced wound closure devices, which improve patient outcomes and reduce complications.

Global wound closure devices Market share

Clinics are expected to experience significant growth over the forecast period, owing to the increasing preference for outpatient procedures and minimally invasive surgeries. Patients seek quicker recovery times and reduced hospital stays, leading to a rise in minor surgical interventions performed in clinics. In addition, the focus on cost-effective healthcare solutions drives clinics to adopt advanced wound closure technologies that facilitate efficient healing while minimizing complications. Furthermore, the growing awareness among healthcare providers about the importance of proper wound management contributes to the rising adoption of wound closure devices in clinical settings.

Regional Insights

North America wound closure devices market dominated the global market and accounted for the largest revenue share of 50.3% in 2023 attributed to advanced healthcare infrastructure and a high prevalence of chronic diseases. In addition, the rising number of surgical procedures and a growing awareness of minimally invasive techniques propel demand for various wound closure products. Furthermore, the emphasis on improving patient outcomes further stimulates market growth as healthcare providers seek effective solutions for wound management.

U.S. Wound Closure Devices Market Trends

The wound closure devices market In the U.S. led the North American market and held the largest revenue share in 2023 driven by the demographic shifts, particularly the aging population. As more individuals over 65 require surgical interventions, the demand for effective wound management solutions rises correspondingly. Furthermore, advancements in medical technology and product innovation, such as developing absorbable sutures and automated staplers, enhance surgical outcomes and efficiency. Moreover, the increasing incidence of chronic conditions such as diabetes and cardiovascular diseases also drives market growth, as these conditions often lead to complex wound care needs that necessitate advanced closure devices.

Asia Pacific Wound Closure Devices Market Trends

Asia Pacific wound closure devices market is expected to grow at a CAGR of 7.2% over the forecast period, owing to rising healthcare expenditures and an expanding geriatric population. Countries such as India and China are experiencing a surge in surgical procedures driven by increasing incidences of chronic diseases and road accidents. In addition, the region's growing medical tourism sector also attracts investments in advanced medical technologies, including innovative wound closure devices. The focus on improving healthcare access and quality further supports market expansion as more facilities adopt modern wound management techniques.

China Wound Closure Devices Market Trends

The wound closure devices market in China is expected to be driven by rapid urbanization and improvements in healthcare infrastructure. The rising prevalence of chronic diseases and increasing surgical procedures significantly boost demand for effective wound management solutions. Furthermore, the growing awareness of advanced wound care practices among healthcare professionals drives the adoption of innovative closure devices, ensuring better patient outcomes.

Europe Wound Closure Devices Market Trends

Europe wound closure devices market is expected to grow significantly over the forecast period due to an aging population and a high incidence of chronic wounds. In addition, the increasing focus on minimally invasive surgeries further enhances the demand for innovative wound closure solutions. Furthermore, stringent regulatory frameworks promote the development and adoption of safe and effective products, ensuring that healthcare providers have access to high-quality wound management options.

UK Wound Closure Devices Market Trends

The wound closure devices market in the UK is projected to witness substantial growth over the forecast period attributed to rising healthcare expenditures and an emphasis on improving patient care quality. The National Health Service (NHS) is increasingly adopting advanced wound closure technologies to enhance surgical outcomes and reduce recovery times. In addition, the growing prevalence of chronic conditions necessitates effective wound management solutions, driving demand for innovative products. The focus on research and development within the UK’s healthcare sector further supports advancements in wound closure devices, contributing to overall market growth.

Key Companies & Market Share Insights

Some key wound closure device market companies include Johnson & Johnson Services, Inc., B. Braun Melsungen AG, Medtronic, and others. Key players in the market are adopting strategies such as launching technologically advanced products to enhance surgical procedures. In addition, by investing in research and development, companies create innovative solutions such as absorbable sutures, advanced stapling systems, and antimicrobial dressings that improve healing times and reduce infection risks. Furthermore, collaborations with healthcare professionals for feedback and clinical trials ensure these products meet the evolving needs of surgeons, ultimately positioning these companies competitively in a rapidly growing market.

  • B. Braun Melsungen AG offers a comprehensive range of solutions, including absorbable and non-absorbable sutures, staplers, and various wound management products. B. Braun focuses on innovation and quality, aiming to enhance surgical outcomes and patient care through advanced wound closure technologies that cater to diverse surgical needs.

  • Medtronic provides a wide array of wound closure solutions designed for various surgical procedures. Their product portfolio includes advanced sutures, staples, and innovative devices such as the V-Loc wound closure system, eliminating the need for knot tying. Medtronic emphasizes improving patient outcomes by leveraging over a century of expertise to deliver effective and reliable wound management solutions, ensuring healthcare providers can offer optimal care across different surgical specialties.

Key Wound Closure Devices Companies:

The following are the leading companies in the wound closure devices market. These companies collectively hold the largest market share and dictate industry trends.

  • 3M
  • Johnson & Johnson Services, Inc.
  • B. Braun Melsungen AG
  • Medtronic
  • Baxter
  • Integra LifeSciences Corporation
  • Smith & Nephew
  • Stryker
  • Mölnlycke Health Care AB.
  • CP Medical

Recent Developments

  • In January 2024,3M Health Care received an award from the U.S. Army Medical Research Acquisition Activity worth USD 34.2 million for the improvement of the treatment of traumatic wounds from the point of injury to hospital care. This initiative was undertaken to develop innovative infection prevention and wound management solutions, mainly during mass casualty situations.

Wound Closure Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 19.9 billion

Revenue forecast in 2030

USD 28.8 billion

Growth rate

CAGR of 6.4% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

Quantitative units

Revenue in USD Billion/Million and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, wound type, end use, region

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, Denmark, Sweden, Norway, Japan, China, India, Australia, South Korea, Thailand, Brazil, Argentina, South Africa, Saudi Arabia, UAE, Kuwait

Key companies profiled

3M; Johnson & Johnson Services, Inc.; B. Braun Melsungen AG; Medtronic; Baxter; Integra LifeSciences Corporation; Smith & Nephew; Stryker; Mölnlycke Health Care AB.; CP Medical

Customization scope

Free report customization (equivalent to 8 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Global Wound Closure Devices Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global wound closure devices market report based on product, wound type, end use, and region.

  • Product Outlook (Revenue, USD Million, 2018 - 2030)

    • Adhesives

    • Staples

    • Sutures

      • Absorbable

      • Non-Absorbable

    • Strips    

      • Sterile

      • Non-Sterile

    • Sealants              

      • Synthetic

      • Non-Synthetic

      • Collagen Based

    • Mechanical Wound Closure Devices

  • Wound Type Outlook (Revenue, USD Million, 2018 - 2030)

    • Acute Wounds

    • Chronic Wounds

  • End Use Outlook (Revenue, USD Million, 2018 - 2030)

    • Hospitals

    • Clinics

    • Trauma Centers

    • Others

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

      • Denmark

      • Sweden

      • Norway

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

      • Thailand

    • Latin America

      • Brazil

      • Argentina

    • Middle East and Africa (MEA)

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

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