DUBLIN, May 16, 2022 /PRNewswire/ — The “Global Wound Closure Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global wound closure market was valued at US$3.854 billion in 2020 and is expected to grow at a CAGR of 5.07% over the forecast period to reach a market size of US$5.449 billion by 2027.
Wound closure devices are specifically designed sutures, staples, and mechanical equipment that assist in wound closure by moving wound tissue edges closer together. They vary in design and, depending on the purpose and manufacturer, may require tension/pressure adjustment once applied to a patient or absorb into the skin. It may be used to treat chronic, traumatic, and surgical wounds, as well as skin transplants and flaps.
One of the major factors driving the growth of the wound closure devices market is the increase in the number of surgeries worldwide. The rise in demand for these devices, which help in strengthening the injured tissue and reducing tissue stress, as well as the increase in the incidence of impairments, accelerate market expansion.
Furthermore, these devices are gaining popularity as they minimize the risk or danger of excessive scarring and infection, as well as the rise in the prevalence of chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, further affecting the market. Attempts to minimize hospital stays in order to reduce surgical healthcare expenses, as well as a growing preference for goods that improve therapeutic results, are also increasing demand for improved wound closure and closure devices.
For instance, the Independent Diabetes Trust in the United Kingdom reported in 2019 that each year, about 115,000 people are affected by diabetic foot ulcers and 278,000 people are treated for venous leg ulcers in the United Kingdom. These ulcers take an average of 200 days to cure. According to the report published by National Center for Biotechnology Information…