Top Growth Trends in the Wound Closure Devices Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theWound Closure Devices Market?
The surge in the number of patients who need to undergo surgical procedures is forecasted to boost the wound closure devices market growth in the future. Surgery is a medical field that uses hands-on and instrumental procedures on an individual to analyze or treat a pathological condition, which could be a disease or injury, to improve body functionality or appearance, or to repair problematic ruptured areas. Wound closure devices serve to manage persistent, traumatic, and surgical injuries, in addition to skin grafts and flaps. For instance, as per the International Society of Aesthetic Plastic Surgery’s report from June 2024, a professional organization for board-qualified aesthetic plastic surgeons based in the US, the total number of both surgical and non-surgical procedures increased by 3.4% in 2023, hitting a figure of 34.9 million. It was observed that face and head procedures witnessed substantial growth, amounting to over 6.5 million, registering a 19.6% jump from the preceding year. Top procedures encompassed eyelid surgeries, which recorded more than 1.7 million procedures and a 24% surge, rhinoplasty with 1.1 million procedures and a 21.6% rise, and lip enhancement/perioral procedures, which registered a 29% growth, amounting to 0.9 million. Consequently, the burgeoning number of patients requiring surgery is propelling the growth of the wound closure devices market.
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#What Long-Term Growth Rate is Expected for theWound Closure Devices Market Between 2025 and 2034?
The market size for wound closure devices has seen impressive growth over recent years. The market is set to increase from $16.68 billion in 2024 to $17.94 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.5%. Several elements have contributed to this growth during the historic period, including an upsurge in surgical procedures, an expanding aging population, a high prevalence of chronic diseases, an increase in traumatic injuries, a transition towards minimally invasive surgeries, patient inclination towards aesthetic closure, and developments in hospital and ambulatory care settings.
The market size of wound closure devices is set to experience robust growth in the upcoming years, predicted to hit $25.09 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.7%. Factors driving this growth over the forecast period include patient safety and infection control measures, telemedicine and distant wound care strategies, biodegradable closure devices, home healthcare and self-care practices, global health emergency readiness, augmentation of outpatient procedures, and value-based healthcare models. Key trends expected during the forecast period are an increase in minimally invasive wound closure methods, emphasis on expedited wound healing, rising demand for hemostats and sealants, lean towards disposable wound closure devices, and regulatory efforts for patient safety.
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What Are the Latest Innovations Influencing theWound Closure Devices Market?
The emergence of technological innovativeness is a significant trend gaining traction in the wound closure devices market. Leading companies within this market are channeling their focus towards the creation of flexible, technologically advanced solutions to enhance their competitiveness. For instance, DuPont, a chemical firm based in the US, debuted its DuPont Liveo MG 7-9960 Soft Skin Adhesive in October 2023. This adhesive is neither irritating nor sensitizing, making it a suitable choice for sensitive skin, including that of children, the elderly, or patients with skin ailments or open wounds. The adhesive’s key benefit is its ability for device repositioning without loss of effectiveness, a vital feature in healthcare environments where alterations are often required. It securely affixes wound dressings while ensuring easy removal, all without causing any harm to the skin.
Who Are the Major Industry Players Accelerating Growth in theWound Closure Devices Market?
Major companies operating in the wound closure devices market are Abbott Laboratories, Advanced Medical Solutions Group PLC, Arthrex Inc., B Braun Melsungen AG, Baxter International Inc., Boston Scientific Corporation, BSN Medical GmbH, Chemence Medical Inc., Coloplast A/S, ConvaTec Group PLC, CryoLife Inc., Dach Medical Group Holding AG, DeRoyal Industries Inc., Futura Surgicare Private Limited, Healthium Medtech Private Limited, Integra LifeSciences Corporation, IVT Medical Limited, Johnson & Johnson Services Inc., Meril Life Sciences Private Limited, 3M Company, Adhezion Biomedical LLC, Becton, Dickinson and Company, Medtronic Inc., Halyard Health Inc., McKesson Corp., Medline Industries LP, Molnlycke Health Care Ltd., Myco Medical Supplies Inc., Nexus Medical Ltd., Smith & Nephew PLC, Smiths Group PLC, Stryker Corp., Teleflex Inc., Wound Care Technologies Inc., Zipline Medical Inc.
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Which Primary Segments of the Wound Closure Devices Market Are Driving Growth and Industry Transformations?
The wound closure devices market covered in this report is segmented –
1) By Product Type: Adhesives, Staples, Sutures, Strips, Sealants, Mechanical Wound Closure Devices
2) By Wound Type: Chronic, Acute
3) By End-Use: Hospital, Clinics, Trauma centers, Other End-Users
Subsegments:
1) By Adhesives: Tissue Adhesives, Surgical Adhesives, Cyanoacrylate Adhesives
2) By Staples: Surgical Staples, Skin Staples, Ligating Clips
3) By Sutures: Absorbable Sutures, Non-Absorbable Sutures, Barbed Sutures, Specialty Sutures
4) By Strips: Adhesive Strips, Hydrocolloid Strips, Antimicrobial Strips
5) By Sealants: Biological Sealants, Synthetic Sealants, Fibrin Sealants, Gelatin Sealants
6) By Mechanical Wound Closure Devices: Wound Closure Systems, Skin Closure Devices, Wound Closure Clips and Tapes
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https://www.thebusinessresearchcompany.com/customise?id=7958&type=smpGlobal Wound Closure Devices Market, Global Wound Closure Devices Market Report, Global Wound Closure Devices Market Trends, Global Wound Closure Devices Market Size
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