What Is The Current and Historic Market Size Analysis Of The Laceration Closure Devices Market?
The laceration closure devices market has seen considerable growth due to a variety of factors.
• The laceration closure devices market has seen strong growth in recent years, expected to rise from $9.64 billion in 2024 to $10.39 billion in 2025, at a CAGR of 7.8%.
The growth is driven by increasing disability rates, a rise in infectious and non-communicable diseases, more surgical procedures, higher rates of accidents and sports-related injuries, and an overall increase in healthcare expenditure.
What are the Market Size and Expected Growth Rates for the Laceration Closure Devices Market?
The laceration closure devices market is expected to maintain its strong growth trajectory in upcoming years.
• The laceration closure devices market is expected to grow to $13.84 billion by 2029, with a CAGR of 7.4%.
Growth is driven by the increasing use of technology in plastic surgeries, rising surgical procedures, and the demand for skin closure devices. Trends include advancements in technology, strategic mergers and acquisitions, and the expansion of healthcare infrastructure.
Which Key Drivers Are Propelling The Laceration Closure Devices Market's Growth?
The growth in surgical procedures is expected to drive the expansion of the laceration closure device market. As surgical operations rise, due to aging populations, advancements in medical technology, and higher demand for elective surgeries, the efficiency of laceration closure devices in closing wounds and minimizing trauma contributes to their increased usage. For example, in September 2023, breast augmentation was predicted to remain the most common surgical procedure among women, with 2.2 million surgeries in 2022, a 29% increase from 2021.
What Are The Key Segments Within The Global Laceration Closure Devices Market?
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
Subsegments:
1) By Staples: Stainless Steel Staples, Titanium Staples
2) By Hemostats: Absorbable Hemostats, Non-Absorbable Hemostats
3) By Adhesives: Tissue Adhesives, Surgical Adhesives
4) By Sutures: Absorbable Sutures, Non-Absorbable Sutures
5) By Strips: Steri-Strips, Wound Closure Strips
6) By Sealants: Biological Sealants, Synthetic Sealants
7) By Wound Strips: Paper Wound Strips, Fabric Wound Strips
8) By Mechanical Wound Closure Devices: Skin Closures, Wound Closure Clips
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What Emerging Trends Are Influencing The Growth Of The Laceration Closure Devices Market?
Key players in the laceration closure devices market are channeling their efforts into creating innovative solutions, such as next-generation microsurgical sutures, to increase precision, accelerate healing, and enhance patient results. These next-generation sutures are advanced, ultra-thin sutures crafted for meticulous, minimally invasive surgical practices, with improved biocompatibility, durability, and less tissue damage for superior healing and speedy recovery. An example of this is the launch of Onatec Ophthalmic Microsurgical Sutures by Corza Medical GmbH, a US-based manufacturer, in October 2024 at the American Academy of Ophthalmology Conference. These sutures, formulated from robust tempered stainless steel, are engineered for resilience and precision, designed to promote tissue penetration and minimize trauma during eye operations. Their advanced fabrication process guarantees optimal suture geometries for stitching in nuanced and compact spaces.
Who Are the Key Players In The Laceration Closure Devices Market?
Major companies operating in the laceration closure devices market are:
• Cardinal Health Inc.
• Johnson & Johnson
• 3M Company
• Medtronic plc
• Becton Dickinson and Company (BD)
• Stryker Corporation
• Baxter International Inc.
• Boston Scientific Corporation
• B. Braun Melsungen AG
• Zimmer Biomet Holdings Inc.
• Smith & Nephew plc
• Terumo Corporation
• Dentsply Sirona Inc.
• Teleflex Incorporated
• Arthrex Inc.
• Coloplast Group
• ConvaTec Group PLC
• Integra LifeSciences Corporation
• Merit Medical Systems Inc.
• CryoLife Inc.
• Mölnlycke Health Care AB
• Aspen Surgical Products
• Wound Care Technologies Inc.
• BSN medical GmbH
What Are The Regional Insights Into The Laceration Closure Devices Market?
North America was the largest region in the laceration closure devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laceration closure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
