Wound Closure Strips Market Size 2024-2028

The wound closure strips market size is estimated to grow by USD 100.7 million at a CAGR of 4.37% between 2023 and 2028. Wound closure strips are non-invasive alternatives to sutures and staples for wound closure, offering several advantages. These strips adhesively bind the outermost layer of the wound to the skin, promoting faster closure with minimal tissue trauma and less pain. Compared to traditional sutures and staples, wound closure strips reduce the risk of tissue strangulation and infection, resulting in a better cosmetic outcome and lower morbidity rates. With their ease of application and elimination of the need for follow-up visits, wound closure strips are more cost-effective for patients undergoing wound care, particularly in the context of advanced wound care and chronic wound care. In the wound closure strips provide a less invasive, more efficient, and cost-effective solution for wound closure, making them an essential tool in the arsenal of healthcare professionals in the field of wound care.

What will be the Size of the Wound Closure Strips Market During the Forecast Period?

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The market is driven by various factors, including the increasing demand for innovative solutions. Zip ties and zipstich strips, along with bandgrip and micro-anchor skin closures, are leading products in this market. These strips are made from materials like polyester filaments and soft polyurethane pads, providing effective closure for lacerations and surgeries. Trauma centers and biotech companies, along with orthopedic clinics, are major end-users of these products. With a growing focus on surgical-quality wound closures and advancements in biotech, the market is witnessing significant growth in demand for these solutions, including chronic wound care.

Wound Closure Strips Market Segmentation

The wound closure strips market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• Application Outlook 
  • Hospital
  • Clinics
  • Others

• Product Outlook 
  • Elastic 
  • Reinforced 
  • Other 

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Australia
    • Argentina
    • Rest of the World

Application Analysis

The market share growth by the hospital segment will be significant during the forecast period. They are widely used in hospitals for the effective closure of wounds, such as surgical incisions, lacerations, and traumatic injuries. These strips are made of flexible and adhesive material, which acts to hold together the wound edges, encourage rapid healing, and reduce the risk of infection.

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The hospital segment was valued at USD 167.80 million in 2018. In hospitals, they are used by healthcare professionals, including surgeons, nurses, and other medical staff, during surgical procedures or as part of care management. In order to give more support and make sure that the wound is correctly closed, these strips are usually applied in the same manner as surgical sutures or staples. Hospital settings require high-quality wound closer strips that are sterile and easy to apply. Hence, such factors are fuelling the growth of the segment during the forecast period.

Product Analysis

Elastic wound closure strips are sterile skin closure strips made of a porous, non-woven elastic backing coated with a pressure-sensitive, hypoallergenic adhesive. Some of their properties include elasticity, conformability, and strong adhesion. Wound closure strips are used to treat highly contoured areas where there is expected movement of the musculoskeletal system or significant edema, swelling, hematomas, or bloating. One of the primary advantages of elastic wound closure strips is that they can stretch to accommodate swelling, body movement, and contours. They are suitable to be used by patients and remain in place even during significant movement, making it possible to avoid maceration. It is expected to increase the demand for these strips, which will fuel this segment in the global market during the forecast period.

Reinforced wound closure strips are made of a non-woven, porous backing, which is layered with a pressure-sensitive, hypoallergenic adhesive. In order to enhance their durability, they are strengthened by polyester filament. They are mainly used in the closure of lacerations and surgical incisions, following an early suture/staple removal in emergency departments, operating rooms, clinics, and same-day surgery centers. One of the primary advantages of these is that they provide general support with increased tensile strength and finer wound edge approximation. They are also resistant to extension and have a strong level of adhesion with shears. It is expected to increase the demand for these strips and other wound care management devices, which will propel the reinforced this segment in the global market during the forecast period.

Regional Analysis

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Asia is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period.

Another significant region contributing to the market is North America. The market growth in North America can be attributed to the high demand for superior medical technologies, the easy availability of a range of wound closure strips, and the high prevalence of superficial ones, lacerations, and surgical incisions. Every year, nearly 8 million lacerations are treated in emergency departments in the US. Furthermore, initiatives to raise awareness of wound injuries have been undertaken by several public and private organizations in the region. The Canadian Association of Wound Care is a non-profit organization dedicated to advances in prevention and management. It focuses on promoting and supporting wound-related research, education, advocacy, and awareness. The rising public and private healthcare expenditure is also driving the growth of the market in North America during the forecast period.

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Wound Closure Strips Market Dynamics

The market is witnessing the development of innovative solutions like cyanoacrylate glues, adhesive strips, and zipstich for efficient wound management. Bandgrip and micro-anchor skin closures offer surgical-grade alternatives for lacerations. These products, comprising soft polyurethane pads and polyester filaments, promote faster healing by supporting keratinocytes and granulation tissues. The zipper devices and strips ensure secure wound closure, reducing the need for sutures in surgeries. In hospitals and trauma centers, these advancements are crucial, especially in emergencies. With the support of biotech companies and organizations like the World Health Organization, the market continues to evolve, enhancing patient outcomes and streamlining the medicine supply chain. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. 

The wound closure strips market is growing due to the increasing number of trauma cases, road accidents, and a rising diabetic population with chronic wounds. Wound closure strips, such as Steri Strips and sterile strips, are commonly used in operation theatres for small wounds, skin lacerations, and low-tension wounds. These non-invasive products, including the Zipline closure system and adjustable ratchet ties, promote wound healing and apposition in complex areas like concave surfaces and irregular wounds. Plastic materials and plastic profiles ensure durability, while their non-invasive nature supports a speedy recovery and reduces inflammation at the incision area. Biotechnology industries, such as Healogics, are advancing the development of molecules that improve the effectiveness of these strips within the healthcare system for marked tissue laxity and linear lacerations.

Key Market Drivers

The increasing focus on minimizing surgical site infections (SSIs) is driving growth in the market. Following pneumonia, SSIs are the second most common healthcare-associated infection. They can cause significant morbidity, with an additional risk of mortality. They are also related to increased healthcare-related costs due to prolonged hospital stays, repeated surgeries, nursing care costs, and drug treatment.

Thus, in order to reduce the incidence of SSIs, a growing number of healthcare facilities are adding antimicrobial agents to their infection prevention strategies, improve patient outcomes, and reduce costs. There is an increase in demand for wound closure strips with antimicrobial properties, which, in turn, is driving wound closure strips market growth during the forecast period.

Significant Market Trends

The increasing demand for products that enhance cosmesis is a key trend in the market. Products enhancing cosmesis are gaining in demand around the world. They facilitate the healing by adhesively binding the underlying portions of the wound in direct contact with a flush skin surface. Thus, the scar tissue that forms during healing minimizes the appearance of stitch marks and closure lines.

Moreover, its use has also demonstrated lesser scarring than staples or sutures. Furthermore, unlike sutures, there is no visible puncture mark or needlestick injury associated with the use of wound closure strips. Owing to such cosmetic benefits, many end-users prefer the use of these products over their alternatives, such as sutures and staples. Hence, such factors are fuelling wound closure strips market growth during the forecast period.

Major Market Challenges

The lack of awareness and shortage of resources is a major challenge faced by the wound closure strips market. There's a worldwide shortage of wound centers and funding to pay for them. In the US and the UK, only a limited portion of the budget is allotted to wound care research. Therefore, given the capital-intensive nature of wound care treatment, many developing countries have limited access to care treatments due to financial constraints.

However, in a significant number of cases, improper wound care has resulted in severe disability, isolation, and amputation. There is also a shortage of trained doctors and nurses who have the skills needed to deal with wounds. Thus, the global shortage of these resources is, in turn, restricting the growth of the global market to a certain extent. Hence, such factors are hindering wound closure strips market growth during the forecast period.

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Customer Landscape

The wound closure strips market report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the wound closure strips market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Key Wound Closure Strips Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Argentum Medical LLC - The company offers wound-closure strips such as 3M Steri Strip reinforced adhesive skin closures R1541, 3M Steri Strip reinforced adhesive skin closures R1542, and 3M Steri Strip reinforced adhesive skin closures R1542SB.

• B.Braun SE
• Beiersdorf AG
• Cardinal Health Inc.
• Coloplast AS
• Dynarex Corp.
• Goldwin Medicare Ltd.
• Integra Lifesciences Corp.
• Johnson and Johnson
• Lohmann and Rauscher GmbH and Co. KG
• Medline Industries LP
• Medtronic Plc
• Milliken and Co.
• Molnlycke Health Care AB
• Paul Hartmann AG
• Smith and Nephew plc
• Triage Meditech Pvt. Ltd.
• 3M Co.
• ConvaTec Group Plc
• Essity AB

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is witnessing significant growth driven by various factors. Glue (cyanoacrylates), adhesive strips, and zipper devices are becoming increasingly popular for wound closure. Additionally, products like Bandgrip, ZipStich strips, and micro-anchor skin closures are gaining traction in the wound closure devices market. Soft polyurethane pads and polyester filaments ensure comfort and durability in wound closure. The demand for such products is rising in trauma centers and by biotech companies. With the World Health Organization emphasizing the importance of efficient medicine supply chain, they play a crucial role in ensuring access to quality healthcare, especially in emergencies and accidents.

The market is experiencing substantial growth, driven by various factors. Healthcare providers are increasingly adopting innovative solutions like zip ties and zip-like closure systems for wound closure. Companies are at the forefront of developing plastic based closure devices, offering intuitive and efficient solutions. Surgical-quality wound closures, incorporating keratinocytes and granulation tissues, are becoming prevalent, reducing the risk of surgical suture infections. Additionally, advancements in the medicine supply chain are ensuring access to essential medications like Hydroxychloroquine and vaccines, with products like wound closure strips playing a crucial role. Technological advancements in this segment cater to the needs of an aging population, ensuring improved living standards and incomes. Overall, the market is witnessing significant growth due to these factors.

The market is experiencing significant growth, driven by various factors. Innovative products like the Zipline Skin Closure System are revolutionizing wound closure methods. Plastic-based strips are being increasingly used due to their multi-step process and superior tissue holding capacity. These strips are not only used for laceration but also for dressing wounds in surgical, trauma, and chronic cases. With concerns about infection and scar tissue formation, hypoallergenic adhesive strips are gaining popularity over traditional methods. They are particularly useful for specific procedures in cosmetic and burn cases. These strips, made from natural materials, are essential in maintaining joint mobility and surface stitches. As such, they play a crucial role in the market, ensuring efficient healing and reduced risks for patients.

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What are the Key Data Covered in this Wound Closure Strips Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies' position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Market growth analysis across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Market forecasting of factors that will challenge the growth of the key market companies

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