The global wound closure market is set to gain impetus from the ever-increasing inclination of people from traditional suturing techniques to innovative devices, namely, hemostatic agents, clips, and staplers. It is mainly occurring in countries such as India, China, Japan, Germany, and the U.S. Fortune Business Insights™ provided this information in a recent report, titled, “Wound Closure Market Size, Share & Industry Analysis, By Product Type (Sutures, Hemostatic Agents, Staplers, Staples, and Others), By Application (Gynaecology, Cardiology, Orthopedics, Ophthalmic, General Surgery, and Others), By End User (Hospitals and Ambulatory Surgical Centers, Specialty Clinics, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the wound closure market size was USD 13.24 billion in 2018 and is projected to reach USD 21.03 billion by 2026, exhibiting a CAGR of 6.0% during the forecast period.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/wound-closure-market-102630

Fortune Business Insights™ lists out all the companies that are presently operating in the wound closure market. They are as follows:

Cryolife
Baxter
Johnson and Johnson Service, Inc.
Smith & Nephew
Stryker
Medtronic
Braun Melsungen AG
CP Medical
3M
Boston Scientific Corporation
Other prominent players
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wound-closure-market-102630

This Report Answers the Following Questions:

How many growth drivers and hindrance would the market come across in the near future?
What are the most significant wound care market trends, challenges, and opportunities?
How many companies are set to lead the market in terms of maximum revenue?
Which region is likely to dominate the market in the coming years?
What are the vital strategies adopted by key players to boost sales?
Drivers & Restraints-

High Demand for Minimally Invasive Wound Closure Devices to Boost Growth

Since the past few years, the market is exhibiting tremendous technological advancements. They are mainly focused on lower incidence of hospital-acquired infection, reduced price, ease-of-use, and lesser healing time of the incision. Reputed companies are trying to bring about all these features in their products to gain more share. Besides, consumers are nowadays seeking out for minimally invasive devices so that they would reduce a healthcare professional’s time that is usually spent in the ER room, as well as the time for post-operative care. These factors are likely to accelerate the wound closure market growth during the forecast period. However, the rising number of product recalls may obstruct market growth.

Competitive Landscape-

Key Companies Focus on Gaining Fast Track Approvals to Surge Sales

The market is highly fragmented and therefore, is competitive. Enterprises are persistently striving to increase sales by introducing unique products and by gaining FDA approvals to market them worldwide. Below are a couple of the key industry developments:

October 2018: Teleflex Medical Incorporated, a healthcare technology company based in the U.S., announced that it bagged the FDA approval for its new non-absorbable poly (ethylene terephthalate) surgical suture. It is best suited for usage in ligation and approximation of soft tissues.
September 2018: Intuitive Surgical Inc., a manufacturer and marketer of robotic products headquartered in the U.S., received FDA approval for its 60mm stapler. It’s called SureForm 60. It can be easily controlled by the surgeons through da Vinci console.