According to a new report, published by KBV research, The Global Wound Closure Strips Market size is expected to reach $354.5 million by 2031, rising at a market growth of 5.2% CAGR during the forecast period.
The Reinforced segment is anticipating a CAGR of 5.7% during (2024 - 2031). Reinforced wound closure strips are typically engineered with additional support, making them more durable and capable of withstanding greater tension. These strips are often used when extra strength is required to hold the wound edges together, such as in larger or deeper wounds or areas of the body subject to higher stress.
The Sterile market is leading the Global Wound Closure Strips Market by Sterility in 2023; thereby, achieving a market value of $271.7 million by 2031. Sterile wound closure strips are meticulously manufactured and packaged to meet stringent sterility standards, ensuring they are free from bacteria, viruses, and other microorganisms. This high level of sterility is critical in medical settings, particularly in surgical procedures or in treating open wounds, where the risk of infection must be minimized. The demand for sterile wound closure strips is driven by their necessity in hospitals, clinics, and other healthcare environments where patient safety is paramount.
The Lacerations & Minor Cuts segment is registering a CAGR of 5.9% during (2024 - 2031). This segment includes wounds caused by accidental injuries, such as cuts, abrasions, and lacerations, common in everyday life and various occupational settings. Wound closure strips offer an accessible and efficient solution for managing these minor injuries, providing a quick and easy method to close wounds without requiring more invasive procedures. Their ease of use and effectiveness in promoting faster healing make them popular among consumers, healthcare providers, and first responders.
The Institutional Sales segment dominated the Global Wound Closure Strips Market by Distribution Channel in 2023; thereby, achieving a market value of $223.2 million by 2031. This segment encompasses the bulk purchasing and distributing of wound closure strips to healthcare institutions such as hospitals, clinics, and nursing homes. Institutional sales are driven by the high demand for these products in settings that require consistent and large-scale supplies for routine medical procedures, surgeries, and emergency care.
The Home Healthcare segment is experiencing a CAGR of 6.2% during (2024 - 2031). As the trend toward outpatient care and in-home medical services continues to grow, there is an increasing reliance on products that can be safely and effectively used outside traditional healthcare facilities. Wound closure strips are particularly well-suited for home healthcare due to their ease of use, non-invasive nature, and effectiveness in managing minor wounds and post-surgical care.
Full Report: https://www.kbvresearch.com/wound-closure-strips-market/
The North America region dominated the Global Wound Closure Strips Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $146.4 million by 2031. The Europe region is exhibiting a CAGR of 4.8% during (2024 - 2031). Additionally, The Asia Pacific region is showcasing a CAGR of 6% during (2024 - 2031)
By Product Type
By Sterility
By Indication
By Distribution Channel
By End-use
By Geography
Unique Offerings 
