Within the U.S. wound closure market, wound closure devices are those that treat any external wounds. Depending on the wound itself, there are a wide variety of methods and devices. Typically, wound closure devices can be recognized as any device that is capable of holding bodily tissue together long enough for the body to naturally develop scar tissue. On average, every single person is bound to receive a handful of cuts, bruises, and wounds within their lifetime; however, wound and tissue management devices are essential to individuals who lack a properly functioning circulatory system and who have a decreased ability to induce blood coagulation or an inflammatory response.
Since 2021, the U.S. wound closure market has seen impressive growth following the challenges brought on by the COVID-19 pandemic. According to iData’s analysts, the U.S. wound closure market expects to experience a 5% CAGR increase to exceed $4 billion by 2028. Relative to the entire U.S. wound and tissue management market, the wound closure market segment is the largest. Because of this, we wanted to analyze and explore what factors are responsible for the exciting growth within the U.S. wound closure market over the next 10 years.
WHAT ARE SOME KEY DEVICES WITHIN THE U.S. WOUND CLOSURE MARKET?
Several different types of wound closure devices are discussed within iData’s U.S. wound closure market report including sutures, staplers, ligating clip appliers, skin closure strips, mesh and cyanoacrylate-based skin closure systems, zip surgical skin closure systems and cyanoacrylate-based tissue adhesives.
Sutures
Sutures are a long thread that holds the edges of blood vessels, organs, skin and other tissues of the body together.
Staplers
In certain procedures, staplers reduce the time needed for surgeons to achieve wound closure. Typically, there are two categories of staplers: internal surgical staplers and external skin staplers.
Ligating Clip Appliers
Ligating clips can permanently or temporarily close off vasculature or vessels. Like stapling, this mechanical form of wound closure reduces operation times.
Skin Closure Strips
Skin closure strips hold the edges of skin together, facilitating wound healing.
Mesh and Cyanoacrylate-Based Skin Closure Systems
Mesh and cyanoacrylate-based skin closure systems secure skin surgical wounds after closure. These products are completely waterproof, provide an antimicrobial barrier and prevent dermatitis.
Zip Surgical Skin Closures
Zip surgical skin closure systems act as alternatives to sutures and staples. They are non-invasive, allowing for easy removal and a better cosmetic outcome.
Cyanoacrylate-Based Tissue Adhesives
Tissue adhesives are convenient, quick to apply and have better cosmetic results than sutures and staplers.
WHAT FACTORS ARE RESPONSIBLE FOR THE INCREASE OVER THE NEXT 10 YEARS IN THE U.S. WOUND CLOSURE MARKET?
1. Demographic Factors
As many may have already guessed, the aging population within the United States is one of the key factors driving growth within the U.S. wound closure market. In particular, the number of individuals over the age of 65 is increasing rapidly. As the natural population ages, an increase in demand occurs for surgical procedures which comes at the cost of creating circulatory complications. Therefore, in order to meet the demands of the population, the devices in which surgeons and healthcare workers utilize in surgical procedures, such as wound closure devices, will see an increase in the number of purchases.
2. Product Innovation
Sutures? No, say hello to knotless sutures, mesh and cyanoacrylate-based skin closure systems, zip skin closure systems, and micro staple systems. Sutures are the oldest form of wound closure devices and, in the past couple of years, have been facing tough competition. Alternative products such as staplers, ligating clip appliers, strips and tissue adhesives have seen an increase in popularity. As new products and technologies with higher ASPs are continue their implementation, the U.S. wound closure market is experiencing an increase in growth. Additionally, these seemingly innovative devices have time-saving benefits, ease of use, and greater aesthetics.
3. Faster Wound Closure Time
Technology, as many can argue, is truly driving innovation and benefitting society in a variety of ways. When it comes to wound closure devices, you want them to heal the wound as quickly as possible. Over the past few years, technology has been developing which decreases the time required in operating rooms. Products such as staplers, ligating clips, strips, skin closure systems and tissue adhesives all aid in reducing the time needed to close a wound during surgery, as well as the time nurses spend tending to lacerations and incisions. These products have a strong appeal to hospitals as they have time-saving advantages and allow for maximal patient throughput.
WANT FURTHER INSIGHTS ON THE U.S. WOUND CLOSURE MARKET?
Although the aging population, product innovations, and beneficial technologies are all contributing to the increase in the U.S. wound and closure market, there are still other factors at play. Furthermore, if you find yourself interested in further understanding the market size, market trends, average selling prices, procedure volumes, and the competitive landscape of the market, request an executive summary below. Additionally, our U.S. wound closure market is only a segment within our complete U.S. wound and tissue management report. Finally, if you find yourself interested in exploring another segment or the complete report, follow the hyperlink above.
