Wound Closure Strips Market: Zipline Skin Closure System Gains Prominence in Market

Wound Closure Strips Market: Overview

• According to Transparency Market Research’s latest market report on the wound closure strips market for the historical period of 2017–2018 and forecast of 2019–2027, prevalence of wounds and diseases; increase in surgical site infections and hospital-acquired infections; and rise in patient population propelling adoption of wound closure strips are key factors that are likely to boost the wound closure strips market
• According to the report, the global wound closure strips market was valued at US$ 250 Mn in 2018. The wound closure strips market is expected to expand at a CAGR of ~7% during the forecast period from 2019 to 2027.

• According to a study published in the Infection Control and Hospital Epidemiology Journal, published in 2014, patients with an SSI have a 2 to 11 times higher risk of death compared with operative patients without an SSI
• According to Health Research & Educational Trust (HRET) report published in 2018, more than 15 million surgeries are performed in the U.S. annually. Between 2% and 5% of these patients are expected to develop an SSI, equating to between 160,000 and 300,000 SSIs countrywide each year.
• According to the British Geriatrics Society, rate of older people undergoing surgical procedures is increasing faster than the rate of population ageing
• Rise in number of surgical procedures, which leads to increase in surgical site infections, is likely to propel the wound closure strips market during the forecast period. Moreover, increase in geriatric population, which constitutes a prominent portion of patient population, is responsible for fuelling the growth of the wound closure strips market.

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• According to a post published in 2019, in Healogics, 6.7 million people in the U.S. are living with chronic wounds. One in four families has a family member with a chronic wound.
• According to a study published in 2016, in the Systematic Reviews Journal, titled “Prevalence and incidence of chronic wounds and related complications: a protocol for a systematic review”, in the U.S., chronic wounds are reported to affect 6.5 million patients with more than US$ 25 Bn each year spent by the healthcare system on treating wound-related complications
• According to the WHO, 84,589 people died from road traffic injuries in 2013 in Europe– more than 230 every day. Road trauma kills more people aged 5 to 14 than any other cause and is the second leading cause of death for those aged 15 to 29.
• According to Asia Insurance review published in 2014, road accidents are a leading cause of death and injury worldwide, with a startling 85% of the world’s road deaths occurring in developing countries alone. By 2020, the World Health Organization (WHO) predicted that in parts of Asia, road accident injuries would be the third-highest threat to public health.

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• Wound closure strips do not work well on wounds under significant tension or on wounds that are irregular, on concave surfaces, or in areas of marked tissue laxity
• In several cases, wound closure strips do not provide satisfactory apposition to the wound edges without concurrent underlying deep closure
• Wound closure strips can be used when wound edges are easily apposed without leaving any dead space. At times, wound edges invert after a skin tape has been applied.
• For wounds under high tensile strength, wound closure strips are not recommended as the wound closure treatment method. Their use is typically reserved for linear lacerations under minimal tension.
• The factors mentioned above are anticipated to restrain the wound closure strips market

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• This report on wound closure strips market profiles major players in the global wound closure strips market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
• Prominent players operating in the wound closure strips market include
  • 3M,
  • McKesson Medical-Surgical Inc. (McKesson Corporation),
  • Cardinal Health,
  • BSN medical (Essity Aktiebolag (publ.)),
  • DermaRite Industries, LLC.,
  • Dynarex Corporation,
  • DUKAL,
  • ZipLine Medical (Stryker),
  • priMED Medical Products, Inc., and
  • Smith & Nephew plc

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• Key players in the wound closure strips market are engaged in the development of new products, key merger & acquisition, collaborations, and integration. Key developments by industry players are likely to fuel the wound closure strips market. Some strategies in the wound closure strips market are as follows:
  • In October 2019, 3M announced that it has completed its acquisition of Acelity, Inc. and its KCI subsidiaries worldwide for a total enterprise value of approximately US$ 6.7 Bn, including assumption of debt and other adjustments. Acelity is a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand.
  • In September 2018, McKesson Medical-Surgical Inc., an affiliate of the McKesson Corporation, signed an exclusive agreement with ILÚM Health Solutions, part of Merck & Co, Inc.’s Healthcare Services and Solutions business that provides innovative technology and services to support infectious disease management, to serve the community hospitals market in the U.S.
  • In March 2013, Cardinal Health announced that it enhanced its ability to serve the growing population of aging and chronically ill patients by completing its US$ 2.07 Bn acquisition of privately held AssuraMed, a leading provider of medical supplies to patients in the home
  • In the global wound closure strips market report, we have discussed individual strategies, followed by company profiles of the manufacturers of wound closure strips. The ‘Competition Landscape’ section is included in the wound closure strips report to provide readers with a dashboard view and a company market share analysis of the key players operating in the global wound closure strips market.

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