Well-Developed Healthcare Infrastructure along with Increasing Prevalence of Chronic Conditions Has Propelled the Growth of the Wound Closure Devices Market in the North America Region!
- Himanshu Patni
- July 15, 2023
- HEALTHCARE, NEWS
- Wound Closure Devices Market, Wound Closure Devices Market Forecast, Wound Closure Devices Market Growth, Wound Closure Devices Market Share, Wound Closure Devices Market Size, Wound Closure Devices Market Trends
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North America has shown a strong presence in the wound closure devices market. Several factors contribute to North America’s dominance in this market. North America is known for its well-developed healthcare infrastructure, including hospitals, clinics, research institutions, and specialized centers. The primary factor driving the growth of the wound closure devices market is the increasing prevalence of chronic conditions that result in chronic wounds, such as diabetic wounds. In addition, the rising number of traumatic wounds due to falls and accidents, as well as the growing expenditure on surgical and chronic wound treatments, are also contributing to the market’s growth.
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According to data from the American Diabetes Association in 2022, there were approximately 37.3 million people in the United States with diabetes, representing 11.3% of the total population. Additionally, approximately 1.9 million Americans had type 1 diabetes, including 244,000 children and adolescents. These statistics demonstrate the high burden of diabetes in the region and the potential for uncontrolled diabetes to lead to the development of ulcers, such as diabetic wounds.
As a result, there is a high demand for wound closure devices for the treatment of these ulcers, particularly in the foot, hand, leg, and other areas. In conclusion, the rising burden of chronic conditions, such as diabetes, and the growing need for effective wound closure devices are driving the growth of the wound closure devices market.
North America accounts for ~30% of the Wound Closure Devices Market in 2022. North America is home to several major players in the medical device industry. These companies often have established distribution networks, market presence, and partnerships with healthcare providers, contributing to the dominance of the region in the wound closure devices market.
- North America Wound Closure Devices Market Revenue (2020-2030F) – USD Bn
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By wound type, the market is bifurcated into chronic wounds and acute wounds. Among these, acute wounds captured the majority share of the wound closure devices market in 2022, due to the high number of surgeries and burn cases worldwide. For instance, according to the World Health Organization (WHO), South Africa spends approximately USD 26.00 million annually on the treatment of burns resulting from kerosene cooking stove incidents. These types of acute injuries require prompt closure using advanced medical devices. The primary causes of burn cases, such as poverty, lack of proper safety measures, the use of kerosene for non-electric domestic appliances, alcohol abuse, and smoking, contribute to their high prevalence and driving the growth of the segment.
Global Wound Closure Devices Market Segmentation
Market Insight, by Product Type
- Sealants & Adhesives
- Staplers
- Sutures
- Others
Market Insight, by Wound Type
- Chronic Wounds
- Acute Wounds
Market Insights, by End-Users
- Hospitals
- Clinics
- Trauma Centers
- Others
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of APAC
- Rest of the World
Top Company Profiles
- Medtronic
- Johnson & Johnson
- B. Braun Melsungen AG
- Baxter
- Smith & Nephew
- Stryker
- Meril Life Sciences Pvt. Ltd.
- CooperSurgical Inc
- Cardinal Health
- Integra LifeSciences Corporation
