Tag Archives: Wound Closure Product Industry

Wound Closure Products Market Trends, Share, Growth Drivers and Forecast to 2022

The wound closure products market size is set to reach $14.6 billion by 2022, growing at a CAGR of 6.3% between 2016-2022. The market is driven by factors such as growing geriatric population, increasing volume of surgeries, and increase in road accidents. In addition, increase in burn cases across the globe and increasing incidence of chronic wounds is also driving the growth of the market.

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****** Wound Closure Product Market Size and Trends – Industry Analysis by Key Developments, Players, CAGR Projection to 2024

****** Wound Closure Product market report provides analysis for the period 2016 – 2024, wherein the period from 2017 to 2024 is the forecast period and 2016 as base year. The market study projects an estimated market growth over CAGR of 5.93% during 2017-2024 in terms of value. The market is expected to reach around USD 16,077 Million by 2024. The aforementioned market growth is driven by a number of factors such as growth in aging population, increase in the number of surgeries and growing road accident cases. Moreover, increased burn cases across the globe and growing incidence of chronic wounds is also impacting the demand for the market.