Wound Closure Products Market Analysis

Wound Closure Products Industry Insights

End User Insights

Hospitals and clinics accounted for the largest revenue share in 2024, and this category is further projected to maintain its dominance during the forecast period. This can be attributed to the improving hospital infrastructure, availability of technologically advanced products and greater footfall of patients in these settings, and increasing accessibility of hospitals to populations of all income levels.

Homecare settings will witness the fastest growth during the forecast, at a CAGR of around 5.5%. This can be ascribed to the rising geriatric population across the globe, increasing adoption of home healthcare services by this demographic, and surging usage of easy-to-use products. In addition, patients suffering from diabetic foot ulcers and accidental wounds usually require prolonged hospitalization, which can be difficult and costly for elderly patients. This creates a high demand for wound closure products that can be conveniently used in homecare settings.

We have considered the following end users:

• Hospital & Clinics (Largest Category)
• Homecare Settings (Fastest-Growing Category)
• Long-Term Care Settings

Product Type Insights

Sutures accounted for the largest revenue share, of 40%, in 2024, and this category is further expected to maintain its dominance during the forecast period. This can be attributed to the wide usage of sutures to ligate the damaged tissue caused due to a surgery, cut, laceration, road accident, or injury; the increasing number of surgical procedures across the globe, and advancements in suturing materials. Moreover, sutures are used for the reduction of dead space, strengthening of wounds until healing, and reduction of the risk of bleeding and wound infection.

Surgical staples will register significant growth in revenue generation during the forecast period. This will be due to their usage to close large wounds, linear lacerations, and surgical wounds and accelerate the healing process. In addition, stapling is gaining popularity as it is easier, more rapid, and more consistent compared to suturing. Moreover, the availability of new, advanced staplers with options of single use and multiple use, makes them popular in hip arthroplasties, bariatric surgeries, Caesarean sections, bowel surgeries, and cholecystectomies.

Furthermore, wound closure strips held a significant revenue share owing to their flexibility, water resistance, less irritation, and ease of application. Moreover, the increasing pace of technological advancements in these products and their extensive usage in the management of long lacerations, skin tears, and post-operative surgical wounds will be responsible for the category’s growth in the coming years.

Adhesives and sealants are the fastest-growing category as they are biocompatible, easy to use, minimally invasive, and non-toxic formulations. They are also used along with various wound closure products to achieve better therapeutic efficacy.

These product types have been studied:

• Sutures (Largest Category)
  • Absorbable
  • Non-absorbable
• Surgical Staples
• Adhesives & Tissue Sealants (Fastest-Growing Category)
  • Synthetic
  • Non-synthetic
  • Collagen-based
• Strips
• Mechanical Wound Closure Devices
• Hemostatic Agents

Wound Type Insights

Surgical & traumatic wounds accounted for the largest revenue share in 2024, and this category is further expected to dominate the market during the forecast period. This can be ascribed to the rising prevalence of chronic diseases, surging number of surgical procedures, increasing focus on regenerative medicine, and booming prevalence of long-term post-operative wounds.

Moreover, diabetic foot ulcers have the highest CAGR in the market, of 6%, owing to the surging incidence of diabetes mellitus. Since elderly people are highly prone to diabetes and its complications, they need such closure products. According to the International Diabetes Federation (IDF), the number of people with this endocrinological condition will reach 783 million by 2045, increasing by a massive 45% from 2021.

Here are the wound types covered in the report:

• Diabetic Foot Ulcers (Fastest-Growing Category)
• Pressure Ulcers
• Surgical & Traumatic Wounds (Largest Category)
• Burns
• Venous Leg Ulcers
• Others