The Laceration Closure Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Laceration Closure Devices Global Market Report 2024, The laceration closure devices market size is expected to see strong growth in the next few years. It will grow to $12.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing use of technology in cosmetic or plastic operations, the increase in the number of surgical procedures, the rising incidence of infectious and non-communicable diseases, the demand for skin closure devices, and the and the rising incidence of chronic wounds. Major trends in the forecast period include the expansion of healthcare infrastructure, technology in cosmetic or plastic operations, technological advancements in laceration closure devices, and strategic mergers and acquisitions.
An increase in the number of surgical procedures is expected to propel the growth of the laceration closure device market going forward. Surgical procedures are medical operations that involve invasive techniques to diagnose, treat, or manage injuries, diseases, or conditions. The number of surgical procedures is rising due to aging populations, advances in medical technology, and increasing demand for elective surgeries. Laceration closure devices are beneficial in surgical procedures for their efficiency in closing wounds, reducing procedure time, minimizing tissue trauma, and promoting faster healing compared to traditional sutures. For instance, in September 2023, according to the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional body for aesthetic plastic surgeons, breast augmentation is projected to retain its status as the most prevalent surgical procedure among women, with 2.2 million procedures performed in 2022, marking a 29% rise from 2021. Therefore, an increase in the number of surgical procedures is driving the growth of the laceration closure device market.
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The laceration closure devices market covered in this report is segmented –
1) By Product: Staples, Hemostats, Adhesives, Sutures, Strips, Sealants, Wound Strips, Mechanical Wound Closure Devices
2) By Wound Type: Acute, Chronic, Burns, Ulcers, Surgical Wounds
3) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users
Major companies operating in the laceration closure devices market are focusing on developing innovative solutions, such as skin closure variety packs, to enhance the efficiency and effectiveness of wound management. Skin Closure Variety Packs are pre-packaged assortments of various skin closure devices, such as sutures, staples, adhesive strips, and tissue adhesives, designed to cater to different wound closure needs. For instance, in November 2021, Kitotech Medical Inc., a US-based manufacturer of innovative wound closure devices, launched the microMend Skin Closure Variety Pack. This pack offers a selection of skin closure devices designed to treat wounds of varying sizes. The variety pack enables consumers to have the appropriate microMend product readily available for their wound care needs. This comprehensive solution combines the microMend skin closure device with a hemostatic dressing to halt bleeding, allowing consumers to effectively address significant cuts and lacerations at home without the need for an emergency room visit. The micro end skin closure devices utilize patent-pending micro staple technology to secure the device to the skin, providing the same level of holding strength as sutures but with a quicker application process.
The laceration closure devices market report table of contents includes:
1. Executive Summary
2. Laceration Closure Devices Market Characteristics
3. Laceration Closure Devices Market Trends And Strategies
4. Laceration Closure Devices Market – Macro Economic Scenario
5. Global Laceration Closure Devices Market Size and Growth
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32. Global Laceration Closure Devices Market Competitive Benchmarking
33. Global Laceration Closure Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Laceration Closure Devices Market
35. Laceration Closure Devices Market Future Outlook and Potential Analysis
36. Appendix
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