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Wound Closure Products (Sutures, Surgical Staples, Wound Closure Strips, Adhesives and Tissue Sealants and Hemostats) Making Injuries & Surgeries easy to heal by reducing chances of Infection, Thus Boosting the Growth of this Market
The newer types of wound closure products such as adhesives and tissue sealants are gaining popularity, as they considerably reduce the time taken for healing and would closure. This segment is inclusive of collagen-based sealants, polymer-based sealants, fibrin sealants, albumin and glutaraldehyde sealants, and cyanoacrylate-based sealants. Out of the aforementioned, tissue sealants are used with staples or sutures in specific surgical procedures. Heart valve replacement procedures and bariatric surgeries are common examples of this kind of usage of wound closure products.Get Exclusive Sample Copy of this Report - http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5429
Sutures and staples are the traditional forms of wound closure that are used extensively across the world due to low cost and higher adaptability rate among the health care staff. However, new technology hemostat products such as sealants provide obvious advantages such as faster wound closure in shorter duration of time. These also help patients avoid hospital revisit for removal of sutures or staples. Adhesives and tissue sealants include fibrin sealants, collagen-based sealants, cyanoacrylate-based sealants, albumin and glutaraldehyde sealants, and polymer-based sealants. The market for absorbable sutures is growing rapidly due to increased application in external as well as internal wound closure. Various surgical procedures such as aortic valve replacement and peripheral bypass employ combination of sutures or staples as well as tissue adhesives. Increased application of tissue sealants in surgeries such as bariatric surgeries and dental surgeries has fueled the wound closure products market. Increased prevalence of lifestyle diseases such as diabetes and cardiovascular diseases and reluctance in the use of sutures due to development of scars and high risk of infection are the other factors driving the adhesives and tissue sealants segment.
Geographically, North America dominated the global wound closure products market with a share of 39.5% in 2014, followed by Europe. Dominance of these regions was majorly due to launch of new medical devices in these regions, especially the U.S. Hence, the longer incubation period is available for the market to inflate. According to an article published in Wound Repair and Regeneration in 2009, over 2% of the population of the U.S. suffers from chronic non-healing wounds. Statistics published in the Journal of Wound Care estimate annual incidence of chronic wounds of 4 million in the European Union. Such higher prevalence and quicker acceptance of new technology have driven the wound closure products market in these regions. Asia Pacific was identified as the most lucrative market destination. India and China have also experienced a surge in prevalence of diabetes and obesity. According to the World Health Organization, 90 million adults in China and 61 million adults in India were diagnosed with diabetes in 2011. Therefore, the wound closure products market in Asia Pacific is anticipated to expand at the highest growth rate during the forecast period from 2015 to 2023.
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The wound closure products market report profiles some of the key players in this market, such as B. Braun, Covidien plc, Baxter International, Inc., Cryolife, and Johnson & Johnson (Ethicon). The report offers an insight into the company profile, financial overview, research and development activities, the list of existing products and those in the pipeline, marketing and business strategies, and investment outlook for the near future.
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