Wound Closure Market Size & Share

1. Global Wound Closure Market Analysis The wound closure market, valued at $13.80 billion in 2023, is projected to reach $23.51 billion by 2032, growing at 6.1% annually. North America dominates with a 37.68% market share, driven by high surgical procedure volumes and advanced healthcare infrastructure. Key Market Segments  Products: Sutures (largest segment), hemostatic agents, and surgical staplers  Applications: General surgery, cardiology, orthopedics, gynecology, ophthalmology  End Users: Hospitals & ASCs, specialty clinics Recent Developments  March 2024: Intuitive Surgical received FDA clearance for da Vinci 5 robotic system  February 2024: Boston Scientific reported positive NICE review for OverStitch Endoscopic Suturing System  May 2024: Johnson & Johnson launched ECHELON LINEAR Cutter with 3D-Stapling Technology Market Drivers  Rising chronic conditions requiring surgery  Shift from traditional to modern wound closure techniques  Growing geriatric population, particularly in Asia Pacific  Increasing surgical procedures (900,000+ cardiac surgeries annually in U.S.) Key Challenges  High costs limiting adoption in emerging markets  Product costs ranging $6,720-$6,760 per patient for powered staplers  Limited reimbursement policies in developing countries Footnotes Fortune Business Insights - Wound Closure Market Size, Share & Industry Report https://www.fortunebusinessinsights.com/wound-closure-market-102630