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Wound Closure Strips Market by Product and Geography - Forecast and Analysis 2020-2024

  • ID: 4876558
  • Report
  • November 2019
  • Region: Global
  • 146 Pages
  • TechNavio
1h Free Analyst Time
1h Free Analyst Time

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FEATURED COMPANIES

  • 3M Co.
  • Cardinal Health Inc.
  • DermaRite Industries LLC
  • DeRoyal Industries Inc.
  • Dynarex Corp.
  • Hill-Rom Holdings Inc.
1h Free Analyst Time

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Global Wound Closure Strips Market: About this market
The wound closure strips market analysis considers sales from elastic wound closure strips, reinforced wound closure strips, and other wound closure strips. Our study also finds the sales of wound closure strips in Asia, Europe, North America, and ROW. In 2019, the elastic wound closure strips segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rising prevalence of acute wounds on joints will play a significant role in the elastic wound closure strips segment to maintain its market position. Also, our global wound closure strips market report looks at factors such as increasing focus on minimizing SSIs, high preference over alternatives, and increasing prevalence of wounds. However, intense competition among vendors leading to price reductions, the threat of alternatives, and lack of awareness and shortage of resources may hamper the growth of the wound closure strips industry over the forecast period.

Global Wound Closure Strips Market: Overview

Higher preference over alternatives
Wound closure strips are an effective alternative to sutures or staples for wound closure since they involve comparatively lesser pain, faster closure time, lower risk of tissue strangulation, and lower tissue trauma. The use of wound closure strips also results in better cosmetic outcomes, achieved by minimizing the scar tissue upon healing. Further, these strips are associated with a lower infection rate and are easy to apply. On top of that, they prove to be cost-effective since they eliminate the need for follow-up visits to the doctor. This high preference over alternatives will lead to the expansion of the global wound closure strips market at a CAGR of almost 4% during the forecast period.

Innovative marketing strategies of vendors
Key vendors are adopting innovative marketing strategies to increase their market penetration. Many vendors have entered into agreements with GPOs, which enable them to easily access hospitals and increase the sales of their wound closure strips as a substantial proportion of the procurement for hospitals takes place through this channel. Also, vendors are increasingly focusing on conducting clinical and health economics studies to document cost savings and benefits of their wound closure strips. Vendors with online distribution channels are offering discounts and promotional offers to increase sales. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global wound closure strips market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wound closure strips manufacturers, that include 3M Co., Cardinal Health Inc., DermaRite Industries LLC, DeRoyal Industries Inc., Dynarex Corp., Hill-Rom Holdings Inc., Integra LifeSciences Holdings Corp., McKesson Corp., Medline Industries Inc., and Smith & Nephew Plc.

Also, the wound closure strips market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Co.
  • Cardinal Health Inc.
  • DermaRite Industries LLC
  • DeRoyal Industries Inc.
  • Dynarex Corp.
  • Hill-Rom Holdings Inc.

PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value chain analysis

PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Elastic wound closure strips - Market size and forecast 2019-2024
  • Reinforced wound closure strips - Market size and forecast 2019-2024
  • Other wound closure strips - Market size and forecast 2019-2024
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS
  • Marketing strategies of vendors
  • High growth potential in emerging countries
  • Increasing demand for products that enhance cosmesis

PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M Co.
  • Cardinal Health Inc.
  • DermaRite Industries LLC
  • DeRoyal Industries Inc.
  • Dynarex Corp.
  • Hill-Rom Holdings Inc.
  • Integra LifeSciences Holdings Corp.
  • McKesson Corp.
  • Medline Industries Inc.
  • Smith & Nephew Plc

PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

List of Exhibits
Exhibit 01: Global healthcare supplies market
Exhibit 02: Segments of global healthcare supplies market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Vendors: Key offerings
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Product - Market share 2019-2024 (%)
Exhibit 19: Comparison of product
Exhibit 20: Elastic wound closure strips - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Elastic wound closure strips - Year-over-year growth 2020-2024 (%)
Exhibit 22: Reinforced wound closure strips - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Reinforced wound closure strips - Year-over-year growth 2020-2024 (%)
Exhibit 24: Other wound closure strips - Market size and forecast 2019-2024 ($ millions)
Exhibit 25: Other wound closure strips - Year-over-year growth 2020-2024 (%)
Exhibit 26: Market opportunity by product
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2019-2024 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 31: North America - Year-over-year growth 2020-2024 (%)
Exhibit 32: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 34: Asia - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: Asia - Year-over-year growth 2020-2024 (%)
Exhibit 36: ROW - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: ROW - Year-over-year growth 2020-2024 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: M Co. - Vendor overview
Exhibit 47: M Co. - Business segments
Exhibit 48: M Co. - Organizational developments
Exhibit 49: M Co. - Geographic focus
Exhibit 50: M Co. - Segment focus
Exhibit 51: M Co. - Key offerings
Exhibit 52: Cardinal Health Inc. - Vendor overview
Exhibit 53: Cardinal Health Inc. - Business segments
Exhibit 54: Cardinal Health Inc. - Organizational developments
Exhibit 55: Cardinal Health Inc. - Geographic focus
Exhibit 56: Cardinal Health Inc. - Segment focus
Exhibit 57: Cardinal Health Inc. - Key offerings
Exhibit 58: DermaRite Industries LLC - Vendor overview
Exhibit 59: DermaRite Industries LLC - Product segments
Exhibit 60: DermaRite Industries LLC - Key offerings
Exhibit 61: DeRoyal Industries Inc. - Vendor overview
Exhibit 62: DeRoyal Industries Inc. - Product segments
Exhibit 63: DeRoyal Industries Inc. - Organizational developments
Exhibit 64: DeRoyal Industries Inc. - Key offerings
Exhibit 65: Dynarex Corp. - Vendor overview
Exhibit 66: Dynarex Corp. - Product segments
Exhibit 67: Dynarex Corp. - Organizational developments
Exhibit 68: Dynarex Corp. - Key offerings
Exhibit 69: Hill-Rom Holdings Inc. - Vendor overview
Exhibit 70: Hill-Rom Holdings Inc. - Business segments
Exhibit 71: Hill-Rom Holdings Inc. - Organizational developments
Exhibit 72: Hill-Rom Holdings Inc. - Geographic focus
Exhibit 73: Hill-Rom Holdings Inc. - Segment focus
Exhibit 74: Hill-Rom Holdings Inc. - Key offerings
Exhibit 75: Integra LifeSciences Holdings Corp. - Vendor overview
Exhibit 76: Integra LifeSciences Holdings Corp. - Business segments
Exhibit 77: Integra LifeSciences Holdings Corp. - Organizational developments
Exhibit 78: Integra LifeSciences Holdings Corp. - Geographic focus
Exhibit 79: Integra LifeSciences Holdings Corp. - Segment focus
Exhibit 80: Integra LifeSciences Holdings Corp. - Key offerings
Exhibit 81: McKesson Corp. - Vendor overview
Exhibit 82: McKesson Corp. - Business segments
Exhibit 83: McKesson Corp. - Organizational developments
Exhibit 84: McKesson Corp. - Geographic focus
Exhibit 85: McKesson Corp. - Segment focus
Exhibit 86: McKesson Corp. - Key offerings
Exhibit 87: Medline Industries Inc. - Vendor overview
Exhibit 88: Medline Industries Inc. - Product segments
Exhibit 89: Medline Industries Inc. - Organizational developments
Exhibit 90: Medline Industries Inc. - Key offerings
Exhibit 91: Smith & Nephew Plc - Vendor overview
Exhibit 92: Smith & Nephew Plc - Product segments
Exhibit 93: Smith & Nephew Plc - Organizational developments
Exhibit 94: Smith & Nephew Plc - Geographic focus
Exhibit 95: Smith & Nephew Plc - Segment focus
Exhibit 96: Smith & Nephew Plc - Key offerings
Exhibit 97: Validation techniques employed for market sizing
Exhibit 98: Definition of market positioning of vendors
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Co.
  • Cardinal Health Inc.
  • DermaRite Industries LLC
  • DeRoyal Industries Inc.
  • Dynarex Corp.
  • Hill-Rom Holdings Inc.
The following companies as the key players in the global wound closure strips market: 3M Co., Cardinal Health Inc., DermaRite Industries LLC, DeRoyal Industries Inc., Dynarex Corp., Hill-Rom Holdings Inc., Integra LifeSciences Holdings Corp., McKesson Corp., Medline Industries Inc., and Smith & Nephew Plc.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the innovative marketing strategies of vendors.”

According to the report, one of the major drivers for this market is the higher preference over alternatives.

Further, the report states that one of the major factors hindering the growth of this market is the lack of awareness and shortage of resources.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Co.
  • Cardinal Health Inc.
  • DermaRite Industries LLC
  • DeRoyal Industries Inc.
  • Dynarex Corp.
  • Hill-Rom Holdings Inc.
  • Integra LifeSciences Holdings Corp.
  • McKesson Corp.
  • Medline Industries Inc.
  • Smith & Nephew Plc.
Note: Product cover images may vary from those shown