Global Wound Closure Market is Booming Market to Grow at Healthy CAGR forecast b

Posted by ganesha on February 6th, 2020

This Wound Closure Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Wound Closure Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Medical Devices industry. This market report gives an edge to compete and to outdo the competition.

Global wound closure market is set to witness substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising medical tourism and technological advancement in healthcare sector is the factor driving the growth of this market.

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Market Definition: Global Wound Closure Market

Wound closure main function is to repair the structure of the skin to decrease the danger of infection, scarring and impairment. Rapid wound closure is very beneficial as they have the ability to reduce the discomfort and bleeding which causes due to open wounds. They have the ability to treat both chronic and acute wound. Staples, mechanical wound closure devices, sutures and other are some of the common types of the wound closure.

Market Drivers

• Rising aging population will drive the market growth
• Increasing cases of road accidents will also enhance the growth of this market
• Growing incidences of chronic diseases will also contribute as a factor for the growth of this market
• Increasing demand for advanced wound closure devices acts as a driver for this market growth

Market Restraints

• High cost of the wound closure products will restrict the market growth
• Availability of alternatives in the market will also hamper the growth of this market
• Need of complex technical for utilization of wound closure products; this factor will also restricts the market growth

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Segmentation: Global Wound Closure Market

By Product

• Advanced Wound Management Products
  • Advanced Wound Dressings
    • • • Foam Dressings
        • Hydrocolloid Dressings
        • Film Dressings
        • Alginate Dressings
        • Hydrogel Dressings
        • Collagen Dressings
        • Advanced Dressings
  • Therapy Devices
    • • • Pressure Relief Devices
        • Negative Pressure Wound Therapy
          • • • Conventional NPWT
              • Disposable NPWT
        • Oxygen and Hyperbaric Oxygen Equipment
        • Electrical Stimulation Devices
        • Other Therapy Devices
  • Active Wound Care
    • • • Artificial Skin and Skin Substitutes
        • Topical Agents
• Surgical Wound Care
  • Sutures and Staples
  • Tissue Adhesives, Sealants, & Glues
    • • • Fibrin-Based Sealants
        • Collagen-Based Sealants
        • Synthetic Adhesives/Glues
  • Anti-infective Dressings
• Traditional/Basic Wound Care
  • Medical tapes
  • Dressings
  • Cleansing Agents

By Wound Type

• Chronic Wound
  • Diabetic foot ulcers (DFU)
  • Pressure ulcer
  • Venous leg ulcer
  • Other chronic wounds
• Acute Wound
  • Surgical & traumatic wounds
  • Burns

By End-User

• Hospitals and Specialty Wound Clinics
  • Inpatient settings
  • Outpatient settings
• Long- Term Care Facilities
• Home Healthcare

By Type

• Adhesives
• Staples
• Sutures
• Mechanical Wound Closure Devices

Key Developments in the Market:

• In March 2019, BandGrip Inc announced the launch of their new wound closure tech which is specially designed so they can help the surgeons to provide nn- invasive, faster and easier way they can safely close wounds. They have the ability to decrease infection, needlestick injuries and scarring
• In March 2017, Ethicon and DePuy Synthes announced the launch of their new wound closure kits which is specially designed for the orthopedic surgery. This new consists of Dermabond Prineo skin closure system and Ethicon’s Stratafix knotless tissue control devices so they can provide functionality during orthopedic procedures. This is specially designed so they can help the surgeons so they can choose which sutures in each layer of closure and will help the physicians to provide better efficiencies

Competitive Analysis:

Global Wound Closure Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wound closure market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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