Coherent Market Insights stated that the wound closure market will reach US$2.3 billion by 2025, with a compound annual growth rate of 7.1%-EIN Presswire

2021-11-18 09:32:47 By : Ms. Linna zhang

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Wound closure market driven by technological advancement and strategic cooperation between key players

Seattle, Washington, USA, November 15, 2021/EINPresswire.com/-The global wound closure market by product type (wound dressings and surgical wound closure products), by application (ulcers, surgical wounds, burns, and other applications), The value in 2017 by end users (hospitals, long-term care institutions, and home care institutions) and by region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) was US$2.3 billion and is expected to be in the forecast period (2017-2025) ) Growth at a compound annual growth rate of 7.1%.

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The increase in the elderly population, as well as the incidence of chronic wounds, pressure ulcers, venous ulcers and diabetic ulcers due to the increase in lifestyle diseases, casualties and accidents, are expected to be the main drivers of global wounds. The growth of the closed market during the forecast period. Since the elderly are more prone to wounds and ulcers, skin rupture and chronic wound development caused by ulcers are typical clinical problems. It is expected that the increase in the number of surgical operations in the elderly population will increase the risk of wound complications.

According to statistics released by the National Center for Biotechnology Information (NCBI) in November 2016, chronic wounds affect 6.5 million people in the United States, and the healthcare system spends approximately US$25 billion on wound-related issues. According to statistics released by the Population Reference Bureau in January 2016, the obesity rate of men aged 65 to 74 increased from 31.6% to 41.5%, and the obesity rate of men aged 75 and above rose from 17.7% to 26.5%. In addition, this trend is expected to significantly increase the health burden, including increasing the risk of diabetes, osteoarthritis, cancer, stroke and cardiovascular disease, all of which will have a negative impact on wound healing in the elderly population.

Key points of the wound closure market:

• From 2017 to 2025, the global wound closure market is expected to grow at a compound annual growth rate of 7.1% due to the increasing frequency of chronic wounds and the introduction of skilled wound closure solutions.

• For example, in December 2015, Acelity completed the acquisition of SNaP Treatment, a one-time single-person negative pressure wound therapy (NPWT) product portfolio, Spiracur Inc..

• The increasing number of surgeries leading to postoperative wound indications will promote the expansion of the wound closure industry in the near future.

• In the global wound closure market, hospitals are the main end-user segment. This is due to the increase in hospital management due to accidents, casualties, and increased management of the elderly under lifestyle conditions.

Some of the major companies operating in the global wound closure market are Smith & Nephew plc, B. Braun Melsungen AG, Baxter International Inc., Medtronic plc, Cardinal Health, Inc., Johnson & Johnson, Integra LifeSciences Corporation, ConvaTec Group plc, Acelity LP Inc. and Molnlycke Health Care AB.

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Classified by product: Wound dressing, foam dressing, hydrocolloid dressing, film dressing, alginate dressing, hydrogel dressing, collagen dressing, other dressings, surgical sutures, absorbable sutures, non-absorbable sutures, nails, tissue adhesives, sealants, and glues. Traditional hemostatic agents /Basic wound closure products

By application: ulcers diabetic ulcers leg venous ulcers pressure ulcers acute and subacute ulcers arterial ulcers surgery wounds general surgery wounds tumor surgery wounds urology surgery wounds cardiovascular surgery wounds obstetrics and gynecology surgery wounds, cosmetics and reconstructive surgery wounds burns others application

By end user: hospital inpatient setting, outpatient setting, long-term care setting, home care setting, other end users

Extensive analysis of the impact of COVID-19 on the wound closure market@ https://www.coherentmarketinsights.com/insight/request-customization/1205

Mr. Shah Coherent Market Insights 1 2067016702 Email us here and visit us on social media: Facebook Twitter LinkedIn

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