Global Wound Closure Strips Market Overview:
The Wound Closure Strips is a part of surgeries and treating injuries to prevent the occurrence of dangerous infections. The wound closure strips are effective in managing wounds by enabling faster healing. There has been significant rise in number of adhesive wound closure strips in the global due to lowest average cost with figure stood up to USD 7.54 per laceration as compared to others. Further, increasing demand from the developing countries owing to growth in the treatment of chronic wounds and treatment of surgical owing to increasing application of wound closure strips. The research and development activities and innovations expected to drive the demand for wound closure strips over the forecasted period.
- Increase in Aging Population and Number of Surgeries.
- Growing Incidence Of Chronic Wounds Is Impacting The Demand Of Market.
- Rising demand for cosmetic and plastic surgeries.
- rapid research and development in the field of wound closure strips
- Issue Related Inspection of Wounds.
- Increasing Demand of Wound Closure Strips in Asia-Pacific Regions.
- Technological Advancements Accelerate The Wound Closure Strips Market.
- Substitutes Products Are Available With Respect To Wound Closure Strips.
Some of the key players profiled in the report are 3M (United States), Dynarex (United States), Smith & Nephew (United Kingdom), Derma Sciences (United States), DUKAL (United States), Covidien (Ireland), Johnson & Johnson (United States), DeRoyal Industries Inc. (United States), Pfizer Inc. (United States), Baxter International Inc. (United States) and B.Braun Melsungen AG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Cryolife(Germany), Kinetic Concepts (United States) and Integra LifeSciences (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Wound Closure Strips market by 2024.
3M introduced a Steri-strip reinforced adhesive skin closures which is beneficial in providing wound support and increases the tensile strength of the wound, compared to sutures. It is also improved the cosmetics outcomes that helps in reducing scarring and the risk of infection.
“According to OSHA, its provide employers with supplemental instructions to the recordkeeping forms. It also provides guidance for recording lacerations which entail the use of wound closures such as adhesive dressings, sutures, butterfly, and Steri-Strips(TM). Wound closures are considered medical treatment for OSHA injury and illness recordkeeping purposes and thus constitute recording criteria. ”
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wound Closure Strips market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wound Closure Strips market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Wound Closure Strips Manufacturers, Wound Closure Strips Traders, End-Use Market Participants of Different Segments of Wound Closure Strips, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.