The global wound closure devices market was valued at an estimated USD 14.43 billion in 2024 and is projected to reach USD 21.15 billion by 2030. This expansion corresponds to a Compound Annual Growth Rate (CAGR) of 6.60% over the forecast period from 2025 to 2030.
This robust growth is primarily fueled by several factors: the increasing volume of surgical procedures and accidental injuries, the rising prevalence of chronic wounds (such as diabetic foot ulcers and pressure ulcers), and the expanding geriatric population, which is more susceptible to these conditions.
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Key Market Trends & Insights
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Market Size & Forecast
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Key Companies & Market Share Insights
The market features major companies such as 3M, Ethicon (Johnson & Johnson Services, Inc.), Medtronic, Baxter, Smith+Nephew, and Stryker. These key players are actively focusing on product launches, such as the example from Corza Medical, to gain a competitive advantage and meet the expanding global need for effective wound management solutions.
Key Players
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Conclusion
The wound closure devices market is set for considerable growth, with projections indicating an increase from USD 14.43 billion in 2024 to USD 21.15 billion by 2030 at a 6.60% CAGR. This upward trend is critically underpinned by the global rise in surgical procedures, an aging population, and the escalating burden of chronic conditions like diabetes, which leads to complex chronic wounds. Continuous technological innovation and product acceptance (with sutures dominating and hospitals being the key end-use segment) ensure that the market will continue to expand to address the universal need for rapid, safe, and effective wound management.