In 2022, the global next-generation wound closure device market is expected to be worth USD 16.25 billion. Furthermore, this market is expected to grow at a CAGR of 7.1%. The market for next-generation wound closure is expected to reach USD 32.27 billion by the end of 2032. This market is expected to generate a $250 million opportunity in the coming years.
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Top Market Restraints for Next-Generation Wound Closure Devices
The high cost associated with next-generation wound closure devices is a barrier to product sales. Cost sensitivity affects demand for next-generation wound closure devices in developing countries such as Asia and Africa.
Doctors in this region prefer traditional wound care over the bio-engineered dressing options available. The uncertainty surrounding raw material supply has an impact on production quantity and cost. As a result, manufacturers face difficulties in maintaining profit margins.
Key Companies Profiled
- Johnson & Johnson Services, Inc.,
- B. Braun Melsungen AG
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- By Product Type :
- Regular Sutures
- Mechanical sutures (Staplers)
- Topical Adhesives
- Non-Invasive wound closure devices
- By End User :
- Ambulatory surgery centers
- By Region :
- North America
- US & Canada
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia
- Rest of South Asia
- New Zealand
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America
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Following Questions Answers Covered in the Report are:
- How will the global Personal Assistance Apps Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Personal Assistance Apps Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Personal Assistance Apps Market?
- How will these strategies influence the market growth and competition?
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