Asia Pacific Wound Closure Devices Market Size & Outlook
Asia Pacific wound closure devices market, 2018-2030 (US$M)
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Asia Pacific wound closure devices market highlights
- The Asia Pacific wound closure devices market generated a revenue of USD 3,415.3 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, sutures was the largest revenue generating product in 2023.
- Staples is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,415.3 million |
| Market revenue in 2030 | USD 5,892.9 million |
| Growth rate | 8.1% (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 |
| Key market players worldwide | 3M Co, Johnson & Johnson, B. Braun, Medtronic PLC, Baxter International Inc, Integra LifeSciences, Smith & Nephew PLC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.3% of the global wound closure devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,892.9 million by 2030.
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Wound Closure Devices Market Scope
Wound Closure Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 53.06% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific wound closure & advanced wound care market is anticipated to witness fastest growth over the forecast period. The presence of developing countries such as China, India, and Japan is anticipated to boost the market growth in Asia Pacific region.
For instance, as per the report on Export Health Services by Directorate-General of Commercial Intelligence and Statistics of India, in 2015-2016, India had 58,300 medical tourists on medical visas Asia Pacific wound closure & advanced wound care market is anticipated to witness fastest growth over the forecast period.
The presence of developing countries such as China, India, and Japan is anticipated to boost the market growth in Asia Pacific region. In addition, rapidly growing medical tourism industry in these countries can also be attributed to the increase in demand for wound closure & advanced wound care products in this region.
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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 continent-level data and insights on the Asia Pacific wound closure devices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wound closure devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific wound closure devices market size, by country, 2018-2030 (US$M)
Asia Pacific Wound Closure Devices Market Outlook Share, 2023 & 2030 (US$M)
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