The global wound closure devices market was valued at an estimated USD 14.43 billion in 2024 and is projected to reach USD 21.15 billion by 2030. This expansion corresponds to a Compound Annual Growth Rate (CAGR) of 6.60% over the forecast period from 2025 to 2030.

This robust growth is primarily fueled by several factors: the increasing volume of surgical procedures and accidental injuries, the rising prevalence of chronic wounds (such as diabetic foot ulcers and pressure ulcers), and the expanding geriatric population, which is more susceptible to these conditions.

 

Key Market Trends & Insights

  • North America accounted for the largest revenue share of 38.48% in the wound closure devices market in 2024, driven by ongoing research in the wound care sector and an increase in product launches.
  • The wound closure devices market in Europe is projected to grow at a CAGR of 8.95% in the forthcoming years.
  • In terms of product segmentation, the sutures segment led the market, capturing over 40.00% of the revenue share in 2024. This strong performance is due to the proven effectiveness, versatility, and acceptance of sutures across various medical applications.
  • By end use, the hospitals segment dominated with a revenue share of 39.44% in 2024, attributed to the rising number of surgical procedures and trauma incidents. The increase in chronic diseases and accidents is leading hospitals to experience a higher influx of patients needing effective wound management solutions.
  • Regarding wound type, the acute wounds segment led the market in 2024 and is expected to maintain its dominance with the highest CAGR of 7.17% throughout the forecast period. This growth is linked to a rise in traumatic injuries and surgical interventions.

 

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Market Size & Forecast

  • 2024 Market Size: USD 14.43 Billion
  • 2030 Projected Market Size: USD 21.15 Billion
  • CAGR (2025-2030): 6.60%
  • North America: Largest market in 2024

 

Key Companies & Market Share Insights

The market features major companies such as 3M, Ethicon (Johnson & Johnson Services, Inc.), Medtronic, Baxter, Smith+Nephew, and Stryker. These key players are actively focusing on product launches, such as the example from Corza Medical, to gain a competitive advantage and meet the expanding global need for effective wound management solutions.

 

Key Players

  • 3M
  • Ethicon (Johnson & Johnson Services, Inc.)
  • Medtronic
  • Baxter
  • Smith+Nephew
  • Stryker
  • Advanced Medical Solutions Group plc
  • Riverpoint Medical
  • DermaClip
  • AVITA Medical, Inc.
  • Corza Medical

 

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Conclusion

The wound closure devices market is set for considerable growth, with projections indicating an increase from USD 14.43 billion in 2024 to USD 21.15 billion by 2030 at a 6.60% CAGR. This upward trend is critically underpinned by the global rise in surgical procedures, an aging population, and the escalating burden of chronic conditions like diabetes, which leads to complex chronic wounds. Continuous technological innovation and product acceptance (with sutures dominating and hospitals being the key end-use segment) ensure that the market will continue to expand to address the universal need for rapid, safe, and effective wound management.