TMR’s report on the global wound closure strips market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators for the said market during the forecast period from 2019 to 2027. The report provides the overall market revenue of the global wound closure strips market for the period of 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global wound closure strips market from 2019 to 2027.
The report has been prepared after an extensive research. Primary research involves bulk of research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global wound closure strips market.
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Global Wound Closure Strips market Witness Most Promising Rise in Demand
Zipline closure system is acquiring popularity as a non-invasive solution for skin lacerations in the wound closure strips market. Individuals are benefitting from these novel strips, since the system does not penetrate the skin. The uptake of zipline closure system is anticipated to rise in the coming years, owing to their advantages in emergency cases and in operation theatres. Companies in the market for wound closure strips are increasing their production capabilities to manufacture zip-like skin closure systems that mimic traditional skin closure systems such as sutures, staples, and glue (cyanoacrylates), among others.
Companies in the wound closure strips market are collaborating to innovate in skin closure systems that transform operating rooms. For instance, in July 2019, Bandgrip— a leading Chicago-based medical device company, announced partnership with Indianapolis-based orthopedic practice OrthoIndy, to innovate in micro-anchor skin closures. Introduction of new products are boosting market growth, since the wound closure strips market is estimated to reach a revenue of US$ 446.3 Mn by the end of 2027.
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The wound closure strips market is continuously growing with leading players accounting to ~60-70% of the market stake. However, limitations of zipper devices are likely to slow down market growth. For instance, zipper devices are less intuitive and require a multi-step process to apply. Such disadvantages of zipper strips pose as a barrier for large-scale adoption in hospitals and clinics. Hence, companies are tapping opportunities in other wound closure strips alternatives such as sterile strips that offer closure to even larger wounds.
Key Players of Wound Closure Strips Market Report:
This report on wound closure strips market profiles major players in the global wound closure strips market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
Prominent players operating in the wound closure strips market include: 3M,, McKesson Medical-Surgical Inc. (McKesson Corporation),, Cardinal Health,, BSN medical (Essity Aktiebolag (publ.)),, DermaRite Industries, LLC.,, Dynarex Corporation,, DUKAL, ZipLine Medical (Stryker),, priMED Medical Products, Inc., and, Smith & Nephew plc
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