Wound Closure Devices Market report Emerging Technologies

The incidence rate of venous leg ulcers ranges from 0.18 percent to 1.0 percent, according to the National Center for Biotechnology Information (NCBI). Venous leg ulcers are the most advanced type of chronic venous illness, with a recurrence rate of approximately 70%. With the increased prevalence of chronic diseases, the demand for wound closure devices is expected to rise. The rising incidence of chronic illnesses such as autoimmune disorders, diabetes, and cancer is one of the major factors contributing to an increase in the number of operations performed.

Data Bridge Market Research analyses that the wound closure devices market is expected to reach the value of USD 13.41 billion by the year 2029, at a CAGR of 4.16% during the forecast period. The rise in the healthcare sector is propelling the wound closure device market forward.