Injury is a common event in all age groups and varies in severity. Although majority of the injuries are healed without treatment, some injuries such as diabetic foot ulcers and pressure ulcers are difficult to treat. Wound closure can help avoid infection and can accelerate healing. Products used in wound closure include sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats. Although each of these have their own advantages and disadvantages, the overall wound closure products market is growing rapidly. The global wound closure products market was valued at USD 8,750.5 million in 2014 and is projected to expand at a CAGR of 6.3% from 2014 to 2020 to reach USD 15,222.7 million by 2023.
 
Sutures and staples are the traditional forms of wound closure that are used extensively across the world due to low cost and higher adaptability rate among the health care staff. However, new technology hemostat products such as sealants provide obvious advantages such as faster wound closure in shorter duration of time. These also help patients avoid hospital revisit for removal of sutures or staples. Adhesives and tissue sealants include fibrin sealants, collagen-based sealants, cyanoacrylate-based sealants, albumin and glutaraldehyde sealants, and polymer-based sealants. The market for absorbable sutures is growing rapidly due to increased application in external as well as internal wound closure. Various surgical procedures such as aortic valve replacement and peripheral bypass employ combination of sutures or staples as well as tissue adhesives. Increased application of tissue sealants in surgeries such as bariatric surgeries and dental surgeries has fueled the wound closure products market. Increased prevalence of lifestyle diseases such as diabetes and cardiovascular diseases and reluctance in the use of sutures due to development of scars and high risk of infection are the other factors driving the adhesives and tissue sealants segment. 
 
Geographically, North America dominated the global wound closure products market with a share of 39.5% in 2014, followed by Europe. Dominance of these regions was majorly due to launch of new medical devices in these regions, especially the U.S. Hence, the longer incubation period is available for the market to inflate. According to an article published in Wound Repair and Regeneration in 2009, over 2% of the population of the U.S. suffers from chronic non-healing wounds. Statistics published in the Journal of Wound Care estimate annual incidence of chronic wounds of 4 million in the European Union. Such higher prevalence and quicker acceptance of new technology have driven the wound closure products market in these regions. Asia Pacific was identified as the most lucrative market destination. India and China have also experienced a surge in prevalence of diabetes and obesity. According to the World Health Organization, 90 million adults in China and 61 million adults in India were diagnosed with diabetes in 2011. Therefore, the wound closure products market in Asia Pacific is anticipated to expand at the highest growth rate during the forecast period from 2015 to 2023. 
 
Baxter International, Inc., B. Braun, Cryolife, Covidien plc, and Johnson & Johnson (Ethicon) are the leading companies operating in the global wound closure products market. 

Global Wound Closure Products Market: Overview

The global wound closure products market is benefitting from the rising application of wound closure products in several types of injuries. Wound closure products are used for severe injuries such as diabetic foot ulcers and pressure ulcers that require external assistance to prevent infection and to accelerate healing. Wound closure products include sutures, wound closure strips, surgical staples, hemostats, and adhesives and tissue sealants.

The report on wound closure products market is appropriately segregated based on product type and geography. The sutures product segment is likely to exhibit a healthy demand due to the efficacy of sutures for wound closure.

The report is a creditable tool that has been prepared using industry-centric analytical tools and proven research methodologies. The analysis of key segments under different categories can render gainful opportunities for market stakeholders. The market drivers, challenges, and opportunities discussed herein can help market stakeholders to formulate winning strategies.

Global Wound Closure Products Market: Trends and Opportunities

The rising application of wound closure products for treating internal and external wounds is primarily driving the wound closure products market. Unlike minor cuts and bruises that heal on their own, deep wounds need external assistance such as sutures and tissue adhesives to prevent infection and speed up healing.

The increasing number of surgical procedures globally is also a key growth driver of the wound closure products market. Suture and staples are long-established wound closure products due to their low cost and ease of application. However, novel hemostat products such as sealants are gaining adoption due to advantages of faster wound closure in lesser time. These products also saves hospital visit as required for post healing removal of sutures and staples.

The demand for absorbable sutures is pacing up owing to their increasing application for both internal and external wound closure. Various surgical procedures such as peripheral bypass and aortic calve replacement use combination of sutures or staples and tissue adhesives for wound closure.

The rising incidence of lifestyle diseases such as cardiovascular diseases and diabetes and reluctance to use sutures due to development of scars and risk of infection are driving the adoption of adhesives and tissue sealants.

Global Wound Closure Products Market: Geographical Analysis

Among prominent regional segments in the wound closure products market, North America held supremacy in the recent past. Powered by innovations and introduction of newer medical devices in the U.S., North America is anticipated to hold on to its dominant position over the forecast period. As per a study published in 2009 in Wound Repair and Regeneration, in the U.S., more than 2% of the population suffers from chronic non-healing wounds.

Europe trailed North America in terms of market share in wound closure products market in the recent past. As per statistics presented in the Journal of Wound Care, the incidence of chronic wounds is over 4 million each year in the European Union. Thus, the high prevalence of chronic wounds and early adoption of new technology are benefitting the wound closure products market in these regions.

Asia Pacific is anticipated to emerge as the most lucrative regional market. India and China display a surging incidence of obesity and diabetes. As per statistics of the World Health Organization, in 2011, diabetes was diagnosed among 90 million adults and 61 million adults in China and India respectively.

Global Wound Closure Products Market: Competitive Landscape

Due to the presence of several players of varying sizes, the global wound closure products market features intense competition. Product innovation and improvement of existing products are the focus of key vendors in the market to increase their market share.

Key players profiled in the report include Cryolife, Baxter International Inc., Covidien plc., Johnson & Johnson, and B. Braun.

The global wound closure products market is segmented as follows;

Global Wound Closure Products Market, by Product Type

  • Sutures
    • Absorbable Sutures
    • Non-Absorbable Sutures
  • Surgical Staples
  • Wound Closure Strips
  • Adhesives and Tissue Sealants
    • Fibrin Sealants
    • Collagen Based Sealants
    • Cyanoacrylate Sealants
    • Albumin and Glutaraldehyde Based Sealants
    • Polymer Based Sealants
  • Hemostats

Global Wound Closure Products Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
    • Rest of the World