Wound Closure Market will multiply at an impressive CAGR of 7.1% by 2026 & Top Key Players Acelity L.P.Inc., Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, ConvaTec Group plc, Baxter International Inc., Integra LifeSciences Corporation, Med

According to the data published in the January 2016 by the Population Reference Bureau report, prevalence of obesity rate among the older adults have been increasing from 31.6% to 41.5% among the men aged 65 to 74 while the prevalence among the men aged 75 and older has increased from 17.7% to 26.5%. Moreover this trend is expected to significantly increase health burden including high risk of diabetes, cardiovascular disease, osteoarthritis, stroke, and cancer, which adversely impact the wound healing in geriatric population.

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Increasing number of geriatric population, rise in the prevalence of chronic wounds, venous ulcers, diabetes ulcers, and pressure ulcers, owing to the increased cases of lifestyle disease, accidents, and casualties are expected to be major driving factor for the wound closure market growth during the forecast period.

The wound closure market is gaining significant traction due to increasing cases of surgical wounds, Ulcers, and associated cases of surgical site infections (SSIs) incidences. For instance, according to the data published in the National Center for Biotechnology Information (NCBI) in April 2016, diabetic foot Ulcers is a chronic complication of diabetes mellitus and it accounted to lifetime risk of developing foot Ulcers in a patient with diabetes ranges from 15% to 25%. Moreover the increasing incidences of diabetes mellitus is expected to fuel the growth of wound closure market.

According to the European Centre for Disease Prevention and Control (ECDC), between 2013 and 2014, 18,264 surgical site infections was reported from a total of 967,191 surgical procedures in the European Union. In addition, from 2011 to 2014, significantly increasing trend for the yearly percentage of SSIs in cholecystectomy operations was observed.

According to the data published by Loyola University Health System in January 2017, SSIs are the most common and costly all of the hospital acquired infections and the estimated annual incidence of SSIs in the U.S. ranges from 1, 60,000 to 3, 00,000 and the estimated and annual cost ranges from US$ 3.5 billion to US$ 10 billion. Increased hospital stay could lead to the increase in the surgical site infections. Moreover the increasing incidences of surgical site infections leading to the formation of surgical wounds is expected to fuel the growth of wound closure market in near future.

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

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Detailed Segmentation:

Global Wound Closure Market, By Product:
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Alginate Dressings
Hydrogel Dressings
Collagen Dressings
Other Dressings
Surgical
Sutures
Absorbable Sutures
Non-absorbable Sutures
Staples
Tissue adhesive, sealant & Glues
Hemostats
Traditional/Basic Wound Closure Products
Global Wound Closure Market, By Application:
Ulcers
Diabetic Ulcers
Venous Leg Ulcers
Pressure Ulcers
Acute & Sub-acute Ulcers
Arterial Ulcers
Surgical Wounds
General Surgery Wounds
Oncology Surgery Wounds
Urology Surgery Wounds
Cardiovascular Surgery Wounds
Obstetrics & Gynecology Surgery Wounds
Neuro & Spine Surgery Wounds
ENT Surgery Wounds
Orthopedic Surgery Wounds
Plastic, cosmetics & reconstruction Surgery Wounds
Burn Injuries
Other Applications
Global Wound Closure Market, By End User:
Hospitals
Inpatient Settings
Outpatient Settings
Long-term care settings
Home Care Settings
Other end users

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