Wound Closure Strips Market to Grow with a CAGR of 5.57% through 2029
The growing incidence
of surgical procedures and growing preference for minimally invasive techniques
is expected to drive the Global Wound Closure Strips Market growth in the
forecast period, 2025-2029.
According to
TechSci Research report, “Wound Closure Strips Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029”,
the Global Wound Closure Strips Market stood at USD 312.1 million in 2023 and
is anticipated to grow with a CAGR of 5.57% in the forecast period through 2029. The
market is driven by the rising demand for advanced surgical techniques and the
growing adoption of minimally invasive procedures creates the demand for wound
closure strips.
The wound closure strips
market is a dynamic sector within the medical device industry, focused on
providing effective solutions for wound management. These adhesive strips are
designed to securely approximate the edges of wounds or incisions, offering a
less invasive alternative to traditional sutures and staples. Widely used
across various healthcare settings including hospitals, outpatient clinics, and
emergency rooms wound closure strips are valued for their ease of application
and ability to enhance patient comfort.
As the wound closure strips market continues to evolve, ongoing research and development will play a crucial role in expanding product offerings and improving performance. The focus on innovative solutions, along with increasing awareness of effective wound management strategies, positions the market for robust growth in the coming years. Overall, wound closure strips are set to remain an integral part of modern healthcare, contributing significantly to improved patient care and recovery outcomes.
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The Global Wound
Closure Strips Market is segmented into product type, product sterility,
indication, end use, regional distribution, and company.
Based on end use,
the hospitals segment currently leads the market and is
projected to maintain this position throughout the forecast period. Wound
closure strips play a crucial role in various hospital departments, including
labor and delivery, surgery, emergency care, intensive care units,
medical-surgical wards, orthopedics, pediatrics, urgent care, wound management,
and critical care. The presence of trained professionals, adequate resources,
and specialized equipment within hospitals is a key factor driving the
expansion of this segment. Additionally, the growing number of hospitals is
expected to further enhance the market's growth. The dominance of the hospital segment in the wound
closure strips market can be attributed to several factors. Hospitals often
serve as the primary healthcare providers, offering a wide range of services
that require effective wound management solutions. The integration of advanced
technologies and specialized training for staff enhances the efficacy of wound
closure strips, promoting better patient outcomes. Furthermore, hospitals are
increasingly adopting evidence-based practices that prioritize patient safety
and comfort, driving the demand for innovative wound closure methods. As
healthcare continues to evolve, the reliance on hospitals for comprehensive
wound care will likely solidify their position in the market.
Based on region,
the Wound Closure Strips market in Europe is set for significant expansion over
the forecast period, driven by multiple factors. Increasing awareness of
advanced wound management techniques and the rising prevalence of chronic
wounds, such as diabetic ulcers and pressure sores, are major contributors to
this growth. The region’s robust healthcare infrastructure, coupled with a strong
emphasis on patient safety and effective healing methods, is fostering the
adoption of wound closure strips across various medical settings. Additionally,
the growing trend towards minimally invasive procedures is enhancing the appeal
of wound closure strips, as they offer a less traumatic alternative to
traditional sutures. Innovations in materials and adhesive technologies are
further advancing the capabilities of these products, leading to improved
patient outcomes and satisfaction.
Major companies
operating in Global Wound Closure Strips Market are:
- DeRoyal Industries, Inc.
- DermaRite Industries, LLC.
- 3M
- Medline Industries, LP
- Gentell
- Dynarex Corporation
- Smith+Nephew
- Dukal, LLC
- Aspen Surgical Products, Inc.
- Essity Health & Medical
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“The wound
closure strips market is experiencing significant growth driven by innovations
in wound management and advancements in materials science. Beyond traditional
sutures and staples, there is a rising focus on developing advanced adhesive
technologies and bio-compatible materials that enhance wound healing and reduce
the risk of infection. As healthcare providers prioritize patient comfort and
faster recovery times, the shift towards minimally invasive wound closure
methods is becoming increasingly prominent. Ongoing research and development
efforts are critical in creating more effective wound closure solutions that
offer improved adhesion, flexibility, and moisture management. This evolution
in wound closure technology not only enhances surgical outcomes but also
elevates the overall standard of care for patients with various types of
wounds”, said Mr. Karan Chechi, Research Director at TechSci Research, a
research-based management consulting firm.
“Wound Closure Strips Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Flexible, Reinforced), By Product Sterility (Sterile, Non-Sterile), By Indication (Surgical Wounds, Laceration & Minor Cuts), By End use (Hospitals, Specialty Clinics, Home Care, Others), By Region & Competition 2019-2029F”, has evaluated
the future growth potential of Global Wound Closure Strips Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Wound Closure Strips Market.
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