The wound closure market was estimated at over $4 billion in 2014, grew to $6 billion by 2017. It continues to grow at a phenomenal rate.
Sutures and staples together represent over 50% of that market. These markets are dominated by large companies including Covidien (now Medtronic), Johnson and Johnson, and 3M. The target market for this device has been estimated by venture capitalists at approximately $1.1 billion and is continuously growing.