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Home » Medical Devices » Wound Care Management

Wound Closure Strips Market Size (Value, Volume, ASP) by Segments, Share, Trend and SWOT Analysis, Regulatory and Reimbursement Landscape, Procedures, and Forecast, 2015-2030

Wound Closure Strips (Wound Care Management) – Global Market Analysis and Forecast Model (COVID-19 Market Impact) is built to visualize quantitative market trends within wound care management therapeutic area.

The model discusses in detail the impact of COVID-19 on the wound closure strips market for the year 2020 and beyond. Wound closure strips are hypoallergenic adhesive strips used to seal wounds, incisions, and lacerations, and are ideal for joints by securing the skin close together, thus eliminating the requirement of surface stitches or staples. They result in less scarring and present a decreased chance of infection when compared to staples or sutures. The usage of wound closure strips is negligible in the treatment of chronic wound and burn cases.

The primary driver of the wound closure strips market is the increasing number of surgical procedures, especially propelled by an aging population. Aging populations are at a higher risk of developing a host of diseases and conditions necessitating the need for surgical interventions. This trend will drive higher volumes of both open and minimally invasive procedures, generating greater sales of wound closure strips.

Each of the covered 39 country’s color-coded and fully sourced market models are equipped with epidemiology-based indications with procedure volumes. To increase the data transparency, the interactive excel deliverable covers installed base, new sales volumes, product usage, average selling prices, market size, and company share/rank analysis (wherever available). Moreover, analyst comments with qualitative insight offer context for quantitative data.

Scope of the Wound Closure Strips market model

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.

Currently marketed Wound Closure Strips and evolving competitive landscape:

  • Insightful review of the key industry trends.
  • Annualized total wound closure strips market revenue by segment and market outlooks from 2015-2030.
  • Granular data on total procedures, units, average selling prices, and market values by segment.

Global, Regional, and Country level market specific insights include:

  • Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
  • SWOT analysis for wound closure strips market.
  • Competitive dynamics insights and trends provided for the wound closure strips market.

Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.

  • Country specific overview of the healthcare system.
  • Country specific reimbursement policies.
  • Country specific MedTech regulatory landscape.

What is the Wound Closure Strips market size during the historical and forecast period?

Wound Closure Strips market, by segment

Wound Closure Strips market, by segment

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What are the key trends within the Wound Closure Strips market?

North America holds the largest share of the global wound closure strips market, and the region is expected to retain its leading position through the forecast period. The US holds the largest contribution to the regional market. The factors driving the North American wound closure strips market growth include rising income, improving health awareness, the willingness of medical practitioners to use the latest wound closure devices, the rising diabetic population, and the subsequent increase in surgical procedures.

Increasing cases of surgical procedures and the rise in the aging population are factors that are responsible for the growth of the European wound closure strips market. The rising demand for surgical procedures especially in emerging nations is expected to create abundant growth opportunities in this market. The wound closure strips market has shown steady growth in the historic period and is expected to grow at a higher rate in the forecast periods. The main reason for the growth includes the preference of wound closure devices over traditional surgical suture products.

Asia-Pacific is the fastest growing region for the wound closure strips market due to the presence of developing economies like India and China within the region which have increasing healthcare expenditures. This, along with other favourable government policies like the National Health Insurance and relaxation in custom duties, will boost the market growth in the untapped markets within the Asia-Pacific. The wound closure strips market is expanding steadily and has created abundant opportunities for the launch of new products. However, lack of awareness and price sensitivity continues to hinder market growth in developing countries such as India, China, and others.

Wound Closure Strips market report scope

Market value (Year – 2021) $232.87 million
Key companies 3M Co, Smith & Nephew Plc, Lohmann & Rauscher GmbH & Co. KG, Medtronic Plc, BSN medical GmbH, DeRoyal Industries Inc, Paul Hartmann AG, Integra Lifesciences Holdings Corp., Hill-Rom Holdings Inc, B. Braun Melsungen AG, Urgo Ltd., Cardinal Health Inc, Dukal Corp, Medline Industries Inc. and Others
Regions covered North America, South & Central America, Europe, Middle East & Africa, Asia-Pacific
Countries covered US, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Netherlands, Norway, Poland, Portugal, Russia, Sweden, Switzerland, Turkey, Australia, China, India, Japan, New Zealand, South Korea, Taiwan, Argentina, Brazil, Chile, Egypt, Israel, Saudi Arabia, South Africa, United Arab Emirates

Who are the Wound Closure Strips market vendors?

The model analyses the competitive landscape of the wound closure strips market and includes information on the following key market vendors:

3M Co, Smith & Nephew Plc, Lohmann & Rauscher GmbH & Co. KG, Medtronic Plc, BSN medical GmbH, DeRoyal Industries Inc, Paul Hartmann AG, Integra Lifesciences Holdings Corp., Hill-Rom Holdings Inc, B. Braun Melsungen AG, Urgo Ltd., Cardinal Health Inc, Dukal Corp, Medline Industries Inc.

Reasons to Buy

This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for:

  • CMO executives who must have a deep understanding of the wound closure strips marketplace to make strategic planning and investment decisions.
  • Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management.
  • Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.

The model will enable you to:

  • Understand the impact of COVID-19 on the wound closure strips market.
  • Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
  • Develop business strategies by understanding the trends shaping and driving the wound closure strips market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the wound closure strips market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
  • Track device sales in the global and country-specific wound closure strips market from 2015-2030.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Key Players

3M Co

Smith & Nephew Plc

Lohmann & Rauscher GmbH & Co. KG

Medtronic Plc

BSN Medical GmbH

DeRoyal Industries Inc

Paul Hartmann AG

Integra Lifesciences Holdings Corp

Hill-Rom Holdings Inc

B. Braun Melsungen AG

Urgo Ltd

Cardinal Health Inc

DUKAL Corp

Medline Industries Inc

Others

Table of Contents

 

List of Tables

 

List of Figures

 

Frequently Asked Questions

The wound closure strips market in 2021 is worth $232.87 million.

 

 

The wound closure strips market has been segmented into 5 regions (North America, South & Central America, Europe, Middle East & Africa and Asia-Pacific) and 39 countries.

Key players in the wound closure strips market include 3M Co, Smith & Nephew Plc, Lohmann & Rauscher GmbH & Co. KG, Medtronic Plc, BSN medical GmbH, DeRoyal Industries Inc, Paul Hartmann AG, Integra Lifesciences Holdings Corp., Hill-Rom Holdings Inc, B. Braun Melsungen AG, Urgo Ltd., Cardinal Health Inc, Dukal Corp, and Medline Industries Inc.

3M Co. has the largest market share in the wound closure strips market.

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