Wound Closure Devices Market to grow by USD 5.28 Bn; Healthcare Equipment identified as parent market - Technavio

NEW YORK, Nov. 16, 2022 /PRNewswire/ -- The "Wound Closure Devices Market by Product and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 5.28 billion, accelerating at a CAGR of 7.18% during the forecast period. Technavio categorizes the global wound closure devices market as a part of the global healthcare equipment market. The parent, global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Technavio calculates the global healthcare equipment market size based on combined revenue generated by manufacturers of various diagnostic equipment and devices used across the therapy areas. For highlights on the parent market analysis, Download a Free PDF Sample Report.

Wound Closure Devices Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wound closure devices market report covers the following areas:

• Wound Closure Devices Market Size
• Wound Closure Devices Market Trends
• Wound Closure Devices Market Industry Analysis

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Wound Closure Devices Market 2022-2026: Vendor Landscape

The global wound closure devices market is facing intense competition leading to pricing pressure for various global and local players. These players are focusing on product innovation and increasing existing product capabilities to increase their presence and share in the global wound closure devices market. The local players are confined to a particular region and have robust sales and product distribution networks. There is increasing competition among the players in this market as local players are expanding their business strategic alliances and collaborations to increase their global footprint. Key vendors are focusing on inorganic growth strategies by acquiring small and local players to broaden their product portfolio and expand into emerging markets. They invest in R&D to enhance and upgrade their existing product portfolio and introduce innovative products with advanced technological features to have a competitive edge over the competitors.

the fast-growing segments, while maintaining their positions in the slow-growing segments. 3M Co., Abbott Laboratories, Arthrex Inc., B. Braun SE, Baxter International Inc., Connexicon Medical Ltd., ConvaTec Group Plc, DeRoyal Industries Inc., Essity Aktiebolag, Futura Surgicare Pvt. Ltd., Integra Lifesciences Holdings Corp., IVT Medical Ltd., Johnson and Johnson, Medtronic Plc, Smith and Nephew plc, Stryker Corp., Teleflex Inc., Theragenics Corp., Welfare Medical Ltd., and Cryolife Inc. are among some of the major market participants. Gain access to detailed vendor profiles. Buy Now!

Wound Closure Devices Market 2022-2026: Segmentation

The global wound closure devices market is segmented as below:

• Product 
• Sutures
• Hemostats
• Surgical Staples
• Wound Sealants
• Wound Strips

The market growth will be significant in the sutures segment. The manufacturers' persistent focus on improving product capabilities and developing advanced surgical sutures are expected to fuel the global wound closure devices market. Over the years, the use of sutures for wound closure has been significant due to a high level of acceptance by surgeons. There has been increased usage of sutures in major areas of healthcare facilities such as hospitals and trauma centers. The demand for sutures is increasing and is expected to rise further during the forecast period, owing to its technological advancements.

• Geography 
• North America
• Europe
• Asia
• Rest Of World (ROW)

North America was the largest revenue contributor to the growth of the global wound closure devices market in 2021. The market is expected to witness a slow growth rate during the forecast period as most healthcare facilities use technologically advanced wound closure devices. The increased awareness among physicians, nurses, and individuals related to improved healthcare facilities and the to reduce the infection rate are the driving force for the market. Discover potential segments to invest in the market. Download a Free Sample Report

Wound Closure Devices Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist wound closure devices market growth during the next five years
• Estimation of the wound closure devices market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the wound closure devices market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wound closure devices market vendors

Related Reports:

• The surgical drains wound drainage market is projected to grow by USD 368.22 million with a CAGR of 3.34% during the forecast period 2021 to 2026. The rise in the number of surgeries is notably driving the surgical drains wound drainage market growth, although factors such as postoperative complications may impede the market growth.
• The wound care management devices market share in Spain is expected to increase by USD 97.05 million from 2021 to 2026, at a CAGR of 5.06%. The increasing incidence of diabetic foot ulcers is notably driving the wound care management devices market growth in Spain, although factors such as poor wound care management may impede the market growth.

Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary ? Chart on Incremental Growth
• Exhibit 07: Executive Summary ? Data Table on Incremental Growth
• Exhibit 08: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants ? Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes ? Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry ? Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Sutures - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Sutures - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Sutures - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Sutures - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Sutures - Year-over-year growth 2021-2026 (%)

• 5.4 Hemostats - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Hemostats - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Hemostats - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Hemostats - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Hemostats - Year-over-year growth 2021-2026 (%)

• 5.5 Surgical staples - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Surgical staples - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Surgical staples - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Surgical staples - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Surgical staples - Year-over-year growth 2021-2026 (%)

• 5.6 Wound sealants - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Wound sealants - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Wound sealants - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Wound sealants - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Wound sealants - Year-over-year growth 2021-2026 (%)

• 5.7 Wound strips - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Wound strips - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Wound strips - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Wound strips - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Wound strips - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Product 
• Exhibit 48: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026 
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Germany - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.9 France - Market size and forecast 2021-2026 
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026 
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 3M Co.
• Exhibit 97: 3M Co. - Overview
• Exhibit 98: 3M Co. - Business segments
• Exhibit 99: 3M Co. - Key news
• Exhibit 100: 3M Co. - Key offerings
• Exhibit 101: 3M Co. - Segment focus

• 10.4 B. Braun SE
• Exhibit 102: B. Braun SE - Overview
• Exhibit 103: B. Braun SE - Business segments
• Exhibit 104: B. Braun SE - Key news
• Exhibit 105: B. Braun SE - Key offerings
• Exhibit 106: B. Braun SE - Segment focus

• 10.5 Baxter International Inc. 
• Exhibit 107: Baxter International Inc. - Overview
• Exhibit 108: Baxter International Inc. - Business segments
• Exhibit 109: Baxter International Inc. - Key news
• Exhibit 110: Baxter International Inc. - Key offerings
• Exhibit 111: Baxter International Inc. - Segment focus

• 10.6 DeRoyal Industries Inc. 
• Exhibit 112: DeRoyal Industries Inc. - Overview
• Exhibit 113: DeRoyal Industries Inc. - Product / Service
• Exhibit 114: DeRoyal Industries Inc. - Key offerings

• 10.7 Essity Aktiebolag
• Exhibit 115: Essity Aktiebolag - Overview
• Exhibit 116: Essity Aktiebolag - Business segments
• Exhibit 117: Essity Aktiebolag - Key news
• Exhibit 118: Essity Aktiebolag - Key offerings
• Exhibit 119: Essity Aktiebolag - Segment focus

• 10.8 Johnson and Johnson
• Exhibit 120: Johnson and Johnson - Overview
• Exhibit 121: Johnson and Johnson - Business segments
• Exhibit 122: Johnson and Johnson - Key news
• Exhibit 123: Johnson and Johnson - Key offerings
• Exhibit 124: Johnson and Johnson - Segment focus

• 10.9 Medtronic Plc
• Exhibit 125: Medtronic Plc - Overview
• Exhibit 126: Medtronic Plc - Business segments
• Exhibit 127: Medtronic Plc - Key news
• Exhibit 128: Medtronic Plc - Key offerings
• Exhibit 129: Medtronic Plc - Segment focus

• 10.10 Smith and Nephew plc
• Exhibit 130: Smith and Nephew plc - Overview
• Exhibit 131: Smith and Nephew plc - Business segments
• Exhibit 132: Smith and Nephew plc - Key news
• Exhibit 133: Smith and Nephew plc - Key offerings
• Exhibit 134: Smith and Nephew plc - Segment focus

• 10.11 Stryker Corp.
• Exhibit 135: Stryker Corp. - Overview
• Exhibit 136: Stryker Corp. - Business segments
• Exhibit 137: Stryker Corp. - Key news
• Exhibit 138: Stryker Corp. - Key offerings
• Exhibit 139: Stryker Corp. - Segment focus

• 10.12 Teleflex Inc.
• Exhibit 140: Teleflex Inc. - Overview
• Exhibit 141: Teleflex Inc. - Business segments
• Exhibit 142: Teleflex Inc. - Key news
• Exhibit 143: Teleflex Inc. - Key offerings
• Exhibit 144: Teleflex Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 145: Inclusions checklist
• Exhibit 146: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 147: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 148: Research methodology
• Exhibit 149: Validation techniques employed for market sizing
• Exhibit 150: Information sources

• 11.5 List of abbreviations 
• Exhibit 151: List of abbreviations

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