Global Wound Closure Devices Market Size & Outlook
Global wound closure devices market, 2018-2030 (US$M)
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Global wound closure devices market highlights
- The global wound closure devices market generated a revenue of USD 16,023.3 million in 2023 and is expected to reach USD 26,767.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.6% by 2030.
- In terms of segment, sutures accounted for a revenue of USD 6,787.0 million in 2023.
- Staples is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 16,023.3 million |
| Market revenue in 2030 | USD 26,767.6 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Sutures |
| Fastest growing segment | Staples |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesives, Staples, Sutures, Strips, Mechanical wound closure devices |
Other key industry trends
- In terms of revenue, the North America accounted for 38.6% of the global wound closure devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 45.6 million by 2030.
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Wound Closure Devices Market Scope
Wound Closure Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global wound closure devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wound closure devices market will help companies and investors design strategic landscapes.
Sutures was the largest segment with a revenue share of 42.36% in 2023. Horizon Databook has segmented the Global wound closure devices market based on adhesives, staples, sutures, strips, mechanical wound closure devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Wound Closure Devices Product Outlook (Revenue, USD Million, 2018-2030)
- Sutures
- Absorbable
- Non-absorbable
- Adhesives
- Staples
- Strips
- Sterile
- Non-Sterile
- Clips
- Sealants
- Non-Synthetic
- Collagen Based
- Synthetic
- Others
- Sutures
- Global Wound Closure Devices Wound Type Outlook (Revenue, USD Million, 2018-2030)
- Acute Wound
- Chronic Wound
- Global Wound Closure Devices End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Clinics
- Trauma Centers
- Others
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Our clientele includes a mix of wound closure devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global wound closure devices market , including forecasts for subscribers. This global databook contains high-level insights into Global wound closure devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global wound closure devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Wound closure devices market size, 2023 (US$M)
Global wound closure devices market share, by product, 2023 & 2030 (%, US$M)
Wound closure devices market: Opportunity assessment by country
Global wound closure devices market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,404.7 | 4,705.7 | 3,925.0 | 4,631.9 | 5,770.2 | 6,187.7 | 6,641.6 | 7,135.5 | 7,673.2 | 8,259.1 | 8,898.2 | 9,595.5 | 10,357.2 | 7.6% |
| Europe | 3,023.6 | 3,219.7 | 2,676.7 | 3,148.5 | 3,909.3 | 4,178.3 | 4,470.0 | 4,786.4 | 5,130.0 | 5,503.3 | 5,909.1 | 6,350.8 | 6,831.9 | 7.3% |
| Asia Pacific | 2,376.4 | 2,550.6 | 2,137.2 | 2,533.7 | 3,170.6 | 3,415.3 | 3,682.2 | 3,973.4 | 4,291.6 | 4,639.4 | 5,019.9 | 5,436.5 | 5,892.9 | 8.1% |
| Latin America | 1,029.0 | 1,101.9 | 921.2 | 1,089.7 | 1,360.6 | 1,462.4 | 1,573.3 | 1,694.2 | 1,826.1 | 1,970.0 | 2,127.2 | 2,299.2 | 2,487.3 | 7.9% |
| MEA | 587.5 | 620.7 | 511.9 | 597.2 | 735.5 | 779.6 | 827.0 | 878.0 | 932.9 | 992.0 | 1,055.6 | 1,124.3 | 1,198.4 | 6.3% |
| Overall | 11,421.2 | 12,198.6 | 10,172.0 | 12,000.9 | 14,946.2 | 16,023.3 | 17,194.0 | 18,467.4 | 19,853.7 | 21,363.7 | 23,010.0 | 24,806.3 | 26,767.6 | 7.6% |
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