Global market for wound closures to grow at 4.3% CAGR to reach $15.2 billion in 2016

Jun 18 2012

As the worldwide economy recovers from recession into a new period of growth there is little doubt these developments will have a positive effect on the healthcare technologies market, including the multi-billion dollar Wound Management segment. Having accurate market data and analysis will be essential to companies seeking to compete against the shifting landscape. With premium market research from the world's leading publishers, Global Information, Inc. helps businesses stay on the cutting edge with the best forecasts, research, and analyses.

Global Information is pleased to announce the immediate availability of two significant new reports on the global markets for Wound Management products:

World Wound Management Products

The wound closure markets are driven by technological advances, increased application due to insurance reimbursement in the Western world, and growing demand in developing countries.

Of all the elements of the Wound Management market, wound closures remain the largest product segment, and the Freedonia Group's new "World Wound Management Products" market research report forecasts the global market for wound closures to reach $15.2 billion in 2016 at a 4.3% CAGR. The availability and accessibility of basic health care in developing countries will  to drive the wound closures markets upward, with applications in surgery and trauma procedures, countering Western advances in minimally invasive medical technologies that will hold down growth in demand for wound closures.

Overall world growth for bandages will be hampered by the sheer volume of suppliers, which put pressure on Bandage prices. Still, global demand for bandages will grow at 4.5% CAGR to nearly $10 billion in 2016. Worldwide demand for wound dressings will increase 6.6% annually to $5.7 billion in 2016, driven by Infection prevention standards promoting more frequent changing, and availability of advanced biological and synthetic products.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/fd243605-world-wound-management-products.html

Negative Pressure Wound Therapy Market to 2017

The Negative Pressure Wound Therapy (NPWT) market is posed for substantial growth, due to technological advancements, reimbursement, and new application fields.

Recent technological advances such as the availability of battery-operated portable NPWT equipment, but also the ongoing development of single use and disposable versions drive growth. A global panel of 422 experts has further recommended NPWT to be used for the treatment of traumatic wounds such as soft tissue defects, open fractures and burns, and reconstructive procedures.

GBI Research's new "Negative Pressure Wound Therapy Market to 2017" market research report provides information on the key trends and key analytical content on the market dynamics, with market revenue data, forecasts through 2017, as well as company share data for 2010. The report will help define product development, marketing and sales strategies and develop market-entry and market expansion strategies.

The US is the largest market for NPWT, worth $1.2 billion in 2010.

Significantly, this report forecasts Japan to become a key market for NPWT in the near future. Kinetic Concepts Inc, the only company with product approval in Japan, announced a sales target of $25m for 2011. KCI holds a global NPWT market share of 74%, but will see this position challenged as more companies (Smith & Nephew, Medela, Talley Group, Molnlycke) enter the market.