Global
Wound Closure Devices Market is registering a substantial CAGR of 7.07% in
the forecast period of 2019-2026. The report contains data from the base year
of 2018 and the historic year of 2017. The rise in the market can be attributed
to the surging demand for the reduction in the surgical expenditure, and the
capability of enhancing the therapeutic outcome by reducing the hospital stay,
is driving the growth of the market. Some of the major market competitors
currently working in the global wound closure devices market are Medtronic, Abbott,
Ethicon US LLC., Integra LifeSciences Corporation, Radcliffe Cardiology, B.
Braun Melsungen AG, BSN medical, Smith & Nephew., Baxter, KCI Licensing
Inc., 3M, Teleflex Incorporated, ConvaTec Group PLC, Coloplast, TISSIUM,
Arthrex Inc., DACH Medical Group, IVT Medical Ltd., Dolphin Sutures, Johnson
& Johnson Services Inc., Boston Scientific Corporation, Welfare Medical
Ltd., Riverpoint Medical and CryoLife Inc. among others.
Get a Sample PDF of Global Wound Closure
Devices Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-wound-closure-devices-market
Wound closure devices are instruments which are
used to close the wound from the edges so that recovery can be made. These
devices are usually used by the surgeon at the time of surgeries. The various
devices such as strips aid, mechanical wound closure devices, adhesives,
staples and sutures are used which helps to reduce the risk of infection by
minimizing the tissue trauma and preventing blood loss. These devices have
gained a lot of attention due to technological advancement in the field of
surgery.
Market Drivers
- The surge in the cosmetic and plastic surgeries has driven the
market growth
- The rising incidences of burns and traumas is boosting the
market growth
- The sport related injuries have increased which has propelled
the market growth
- Various technological advancements in surgical field has
contributed to the growth of the market
Market Restraints
- The minimally invasive surgeries demand have increased which
has hindered the market growth
- The reimbursement policies are unfavorable which may hamper the
market growth
- Various side effects associated with the wound closure device
has restrain the market growth
Key Developments in the Market:
In February 2019, Teleflex Incorporated received
the FDA approval for wound closure devices which will increase their wound
healing capabilities. The device is intended for large bore femoral arterial
access site closure. This approval will help the company in increasing the
customer acquisition rate as this device facilitates fast and reliable wound
closure.
In March 2017, Ethicon US LLC and DePuy Synthes
introduced a customized wound closure kit. It was launched to improve
efficiencies and to improve the patient outcomes in orthopedic surgery. This
launch has increased the product portfolio of the company as well as increases
their customer experience.
Segmentation:
By Device
- Adhesives
- Fibrin Tissue Adhesives
- Cyanoacrylates
- Staples
- Sutures
- Absorbable
- Non- Absorbable
- Braided
- Monofilament
- Mechanical Devices
By Application
- Burns
- Ulcer
- Surgical Wounds
- Pressure Ulcers
- Diabetic Ulcers
- Arterial Ulcers
By Type of Wound
- Acute Wound
- Chronic Wound
By End User
- Hospitals
- Community Healthcare Service Providers
- Ambulatory Surgical Centers
- Home Care
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Netherlands
- Belgium
- Switzerland
- Turkey
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East & Africa
Competitive Analysis:
Global wound closure devices 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 devices market for Global,
Europe, North America, Asia-Pacific, South America and Middle East &
Africa.
Reasons to Purchase this Report
- Current and future of global wound closure devices market
outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as
the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest
growth rates during the forecast period
- The latest developments, market shares, and strategies that are
employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented
at country level
- All products covered in the market, product volume and average
selling prices will be included as customizable options which may incur no
or minimal additional cost (depends on customization)
Buy Global Wound Closure Devices Market
Research Report @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-wound-closure-devices-market
About Data Bridge Market Research
An absolute way to forecast what future holds is
to comprehend the trend today!
Data Bridge set forth itself as an unconventional
and neoteric Market research and consulting firm with unparalleled level of
resilience and integrated approaches. We are determined to unearth the best
market opportunities and foster efficient information for your business to
thrive in the market. Data Bridge endeavors to provide appropriate solutions to
the complex business challenges and initiates an effortless decision-making
process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475