Wound Closure Device Market will grow at a CAGR of 5% from 2013 to 2019 and reaching a value of 13 billion by 2019 and 21 billion by the end of the forecasted period, 2018-2022
Global Wound Closure Device Market – Key Players
- Adhezion Biomedical (US)
- Aesculap, Inc (USA).
- Advanced Medical Solutions Group Plc (UK)
- Arthrex, Inc. (US)
- Braun Melsungen AG (Germany)
- Baxter (US)
- CollPlant Ltd. (Israel)
- Connexicon medical (Ireland)
- ConvaTec Group PLC
- CP Medical, Inc.(USA)
- Derma Sciences Inc. (US)
- Dolphin Sutures
- Durect Corporation
- Ethicon US LLC.
- Gecko Biomedical
- Hollister Incorporated (USA)
- IVT Medical Ltd
- Imbed Biosciences (USA) and others
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Global Wound Closure Device Market – Overview
Global Wound Closure Device Market has been growing rapidly and is expected to grow further. Effective and instant healers and also, these are useful when wound healing is difficult with traditional methods producing high risk of infection, these wound closer options are quick, easy to apply and remove and also had minimum cost associated with them has increased The Global Wound Closure Device Market globally.
Other factors which restraint the growth of global wound closer market includes avoidance in highly visible areas such as face to minimize scarring, medical glues used as a wound closer device has less efficiency and is normally only one fifth as effective as sutures decreasing its demand for many procedures and injuries.
Global Wound Closure Device Market – Segmentation
“Global Wound Closure Device Market” is majorly segmented on the basis of types of wounds, device, application and end users. Based on the type of wound the market is further segmented into chronic, acute and more. On the basis of type of devices, the market is again classified into sutures, wound closure strips, wound closure adhesive, staplers, tissue sealants, hemostats and more. Further depending on the type of wound the market is again classified into surgical wounds, ulcers, burn, trauma and others. Similar on the basis of end-users the market is again classified into hospitals, clinics, trauma centers and others etc.
Global Wound Closure Device Market – Regional Summary
The Americas is likely to hold the majority of the global wound closure device market owing to increase in the number of surgical procedures, increasing injuries related to accidents, sports and adventure, aging population, the presence of a well-established healthcare system, and adoption and awareness of the wound closure technology. According to the American Association for the Surgery of Trauma, injury accounts for over 150,000 deaths and over 3 million non-fatal injuries are reported per year in the US.
The European market is expected to be the second-largest wound closure device market after the Americas. The market growth in this region can be attributed to an increase in aged population and rising occurrence of sports injuries and accidents. Moreover, the growing number of road accidents in the European region are contributing to the growth of the market in this region. According to data published by the European Commission in 2018, more than 135,000 people suffered serious injury from road accidents.
Asia-Pacific is expected to be the fastest-growing wound closure device market during the forecast period owing to the significant increase in aged population, increasing prevalence of chronic diseases such as diabetes leading to the increasing cases of diabetic foot ulcer. According to WHO, there are more than 96 million diabetics patients in the Asia-Pacific region.
The market in the Middle East and Africa is expected to account for the smallest share of the global wound closure device market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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