Opportunities in Advanced Wound Closure
The
global market for wound closure products was worth approximately US$6.3 billion
in 2012 and rose by 4% compared with 2011 levels. The principal drivers of
growth are the rising numbers of surgical procedures being performed globally
and the increasing adoption of advanced biosurgery products such as surgical
sealants and haemostats by clinicians. There is a geographical twist, with
higher demand in emerging economies for lower-cost traditional wound closure
products, while newer technologies are finding more favourable conditions in
western markets, principally the US.
To
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Despite
these positives, the sector faces challenges. The weak global economy and
health payer cost control policies have impacted healthcare spending. In such a
market, healthcare providers are not always inclined to sanction advanced
products over lower-cost treatments.
Advanced
biosurgery products set to lead market growth
While
traditional wound closure products will continue to dominate the market, it is
the new sectors that will see the best growth. Wider adoption of surgical
sealants and haemostat technologies outside of the US will see these new
approaches maintain annual growth rates of up to 7% over the next 5 years. In 2012,
new technologies accounted for 31.7% of the market and are forecast to rise to
36.8% by 2017. Of the older technologies, sutures will be most affected,
falling from a market share of 48.8% in 2012 to 45% in 2017. These figures must
been seen in the context of the whole wound closure market: from an annual
growth of 3.1% in 2012 we forecast that growth will rise over 5 years to 4.5%
in 2017.
Competitive
Landscape
For
some years, J&J’s Ethicon has been the market leader due its dominating
position in the sutures market. However, the company is facing stiffer
opposition in the biosurgery sector. For example, market-leading surgical
sealants such as Baxter’s Coseal, CryoLife's BioGlue, Covidien's DuraSeal and
CR Bard's NeoMend are competing with Ethicon's OMNEX. A number of new companies
have entered the field attracted by the wound closure sector’s positive market
attributes and growth potential.
Covering
all major wound closure technologies
- Sutures
- Staples and Clips
- Topical Skin Adhesives
- Fibrin Sealants and Thrombin Products
- Internal Surgical Sealants
- Surgical Haemostats and Haemostatic Bandages
Use
this report to...
- Understand the opportunities and challenges which are shaping the wound closure market’s operations
- Know the growth potential and market share over the next 5 years for sutures, staples, adhesives, haemostats and surgical sealants
- Assess the competitive landscape and evaluate the strengths and weaknesses of companies
- Know which Pharma companies have entered into the field and in what product areas
Extensive
content and coverage of the issues, technologies, companies and trends which
are driving this valuable medical device sector
EXECUTIVE
SUMMARY
- Current Methods of Wound Closure
- Sutures
- Staples and Clips
- Topical Tissue Adhesives
- Internal Surgical Sealants
- Surgical Haemostats
- Summary: Methods of Wound Closure
- Haemostatic Dressings and Bandages
COMPETITIVE
LANDSCAPE
- Recent Mergers and Acquisitions in the Wound Closure Market
- Entrants from the Pharmaceutical Industry
- Other Market Entrants
- Industry Consolidation and Collaboration
- Key Wound Closure Mergers and Acquisitions, 2011-2013
CURRENT
MARKET DYNAMICS
- Product Segments
- Global Wound Closure Market by Product Type, 2008-2012
- (US$ million)
- Growth in the Global Wound Closure Market by Product Type, 2009-2012 (%)
- Regulatory Environment
- Summary: US & EU Wound Closure Regulatory Environment
- European Medicines Agency Review of Fibrin Sealants
- Regional Perspective
- Summary: Market Drivers, Restraints and Opportunities
MARKET
FORECASTS
- Global Wound Closure Market by Product Type, 2012-2017E
- (US$ million)
- Wound Closure Market Growth by Product Type, 2012-2017E (%)
For More Information Medical Imaging Market Research Reports @ :
NEW
WOUND CLOSURE PRODUCTS & TECHNOLOGIES
For
each of the new sectors covered, the report examines the technology performance
and competitive environment, drilling down into the detail of launches, events
and performance at the product level. The sectors covered are:
- Surgical Sealants
- Fibrin Sealants
- Haemostatic Agents
- Haemostatic Bandages, Dressings and Devices
- Other Wound Closure Devices
COMPANY
DIRECTORY
Contact
information, areas of focus, product summary and financial status for over 50
companies active in the wound closure market.
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