Global Wound Closure Market Growth Drivers and Challenges, Competitive Landscape and Recent Trends and DevelopmentsPosted by mayur pande on February 16th, 2024 ![]() The global wound closure market is poised for significant expansion, driven by a confluence of factors including the rising geriatric population, increasing prevalence of chronic wounds, and growing adoption of minimally invasive surgeries. The Wound Closure Market size was estimated USD 20.9 billion in 2022 and is expected to reach USD 32.07 billion by 2030 at a CAGR of 5.5% during the forecast period of 2023-2030. Key market drivers:
Market segmentation:
Competitive landscape: The global wound closure market is highly competitive, with a mix of established players and emerging startups vying for market share. The major key players are 3M Company, Medtronic plc, Smith and Nephew plc, DeRoyal Industries Inc, CryoLife Inc, Pfizer Inc, Derma Sciences Inc, Johnson and Johnson, Braun Melsungen AG, Baxter Internationaland and others. Future outlook: The global wound closure market is expected to maintain its strong growth trajectory in the coming years, driven by the aforementioned factors. The development of new and more effective wound closure technologies, coupled with increasing awareness about chronic wound care, is likely to further boost market growth. Other Reports You May Like: Injectable Cytotoxic Drugs Market Size About US: SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies. We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities. Contact Us: Akash Anand – Head of Business Development Strategy, info@snsinsider.com, Phone: +1-415-230-0044 (US) | +91-7798602273 (IND), Website: https://www.snsinsider.com Like it? Share it!More by this author |