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Published Date: 2015-07-21Number of Pages: 85

Wound Closure Products (Sutures, Surgical Staples, Wound Closure Strips, Adhesives and Tissue Sealants and Hemostats) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023


Injury is a common event in all age groups and varies in severity. Although majority of the injuries are healed without treatment, some injuries such as diabetic foot ulcers and pressure ulcers are difficult to treat. Wound closure can help avoid infection and can accelerate healing. Products used in wound closure include sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats. Although each of these have their own advantages and disadvantages, the overall wound closure products market is growing rapidly. The global wound closure products market was valued at USD 8,750.5 million in 2014 and is projected to expand at a CAGR of 6.3% from 2014 to 2020 to reach USD 15,222.7 million by 2023.

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. 

Baxter International, Inc., B. Braun, Cryolife, Covidien plc, and Johnson & Johnson (Ethicon) are the leading companies operating in the global wound closure products market. 

wound-closure-products


Chapter 1 Preface
1.1 Report Description
1.2 Global Wound Closure Products: Market Segmentation
1.3 Research Methodology
     1.3.1 Secondary Research
     1.3.2 Primary Research
     1.3.3 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Wound Closure Products Market (2014 & 2023)
2.2 Comparative Analysis: Global Wound Closure Products Market, 2014 & 2023 (Value %)

Chapter 3 Global Wound Closure Products Market Overview
3.1 Market Dynamics
     3.1.1 Drivers
             3.1.1.1 Rising prevalence of lifestyle diseases such as diabetes and cardiovascular and related surgeries drive the demand for sophisticated tissue sealing alternatives
            3.1.1.2 New technology products boosting wound closure products market growth
     3.1.2 Restraints
            3.1.2.1 Lack of trained physicians restraining market growth of advanced wound closure products
            3.1.2.2 High cost of sealants and glues impeding effective penetration in low- and middle-income countries
     3.1.3 Opportunities
             3.1.3.1 Increasing opportunities in emerging economies
3.2 Porter’s Five Forces Analysis: Global Wound Closure Products Market
     3.2.1 Bargaining Power of Suppliers
     3.2.2 Bargaining Power of Buyers
     3.2.3 Threat of Substitutes
     3.2.4 Threat of New Entrants
     3.2.5 Competitive Rivalry
3.3 Market Attractiveness Analysis
     3.3.1 Market Attractiveness Analysis: Global Wound Closure Products Market, by Geography
3.4 Competitive Landscape
     3.4.1 Heat Map Analysis: Global Wound Closure Products Market

Chapter 4 Global Wound Closure Products Market, by Product Type
4.1 Overview
     4.1.1 Global Wound Closure Products Market Revenue, by Product Type, 2013 – 2023 (USD Million)
4.2 Sutures
     4.2.1 Global Sutures Market Revenue, by Product Type, 2013 – 2023 (USD Million)
     4.2.2 Absorbable Sutures
             4.2.2.1 Global Absorbable Sutures Market Revenue, 2013 – 2023 (USD Million)
     4.2.3 Non-absorbable Sutures
             4.2.3.1 Global Non-absorbable Sutures Market Revenue, 2013 – 2023 (USD Million)
4.3 Surgical Staples
     4.3.1 Global Surgical Staples Market Revenue, 2013 – 2023 (USD Million)
4.4 Wound Closure Strips
     4.4.1 Global Wound Closure Strips Market Revenue, 2013 – 2023 (USD Million)
4.5 Adhesives and Tissue Sealants
     4.5.1 Global Adhesives and Tissue Sealants Market Revenue, by Product Type, 2013 – 2023 (USD Million)
     4.5.2 Fibrin Sealants
             4.5.2.1 Global Fibrin Sealants Market Revenue, 2013 – 2023 (USD Million)
     4.5.3 Collagen-based Sealants
             4.5.3.1 Global Collagen Based Sealants Market Revenue, 2013 – 2023 (USD Million)
     4.5.4 Cyanoacrylate Based Sealants
             4.5.4.1 Global Cyanoacrylate Based Sealants Market Revenue, 2013 – 2023 (USD Million)
     4.5.5 Albumin and Glutaraldehyde Based Sealants
             4.5.5.1 Global Albumin and Glutaraldehyde Based Sealants Market Revenue, 2013 – 2023 (USD Million)
     4.5.6 Synthetic Polymer-based Sealants
             4.5.6.1 Global Synthetic Polymer Based Sealants Market Revenue, 2013 – 2023 (USD Million)
4.6 Hemostats (Surgical Hemostats, Hemostatic Dressings and Bandages)
     4.6.1 Global Hemostats (Surgical Hemostats, hemostatic Dressing and Bandages) Market Revenue, 2013 – 2023 (USD Million)

Chapter 5 Global Wound Closure Products Market, by Geography
5.1 Overview
     5.1.1 Global Wound Closure Products Market Revenue, by Geography, 2013 – 2023 (USD Million)
5.2 North America
     5.2.1 North America Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)
5.3 Europe
     5.3.1 Europe Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)
5.4 Asia Pacific
     5.4.1 Asia Pacific Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)
5.5 Latin America
     5.5.1 Latin America Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)
5.6 Rest of the World
     5.6.1 Rest of the World Wound Closure Products Market Revenue, 2013 – 2023 (USD Million)

Chapter 6 Recommendations
6.1 Focus on product branding through physician training
6.2 Research and development for product development

Chapter 7 Company Profiles
7.1 3M Health Care
     7.1.1 Company Overview
     7.1.2 Financial Overview
     7.1.3 Product Portfolio
     7.1.4 Business Strategies
     7.1.5 Recent Developments
7.2 ArthroCare Corporation
     7.2.1 Company Profile
     7.2.2 Financial Overview
     7.2.3 Product Portfolio
     7.2.4 Business Strategies
     7.2.5 Recent Developments
     7.3 B. Braun Melsungen AG
     7.3.1 Company Overview
     7.3.2 Financial Overview
     7.3.3 Product Portfolio
     7.3.4 Business Strategies
     7.3.5 Recent Developments
7.4 Biomet, Inc.
     7.4.1 Company Overview
     7.4.2 Financial Overview
     7.4.3 Product Portfolio
     7.4.4 Business Strategies
     7.4.5 Recent Development
7.5 Covidien plc
     7.5.1 Company Overview
     7.5.2 Financial Overview
     7.5.3 Product Portfolio
     7.5.4 Business Strategies
     7.5.5 Recent Developments
7.6 Derma Sciences, Inc.
     7.6.1 Company Overview
     7.6.2 Financial Overview
     7.6.3 Product portfolio
     7.6.4 Business Strategies
     7.6.5 Recent Developments
7.7 Ethicon, Inc.
     7.7.1 Company Overview
     7.7.2 Financial Overview
     7.7.3 Product Portfolio
     7.7.4 Business Strategies
     7.7.5 Recent Developments
7.8 Kinetic Concepts, Inc.
     7.8.1 Company Overview
     7.8.2 Financial Overview
     7.8.3 Product Portfolio
     7.8.4 Business Strategies
     7.8.5 Recent Developments
7.9 Medline Industries, Inc.
     7.9.1 Company Overview
     7.9.2 Financial Overview
     7.9.3 Product Portfolio
     7.9.4 Business Strategies
     7.9.5 Recent Developments
7.10 Smith & Nephew plc
     7.10.1 Company Overview
     7.10.2 Financial Overview
     7.10.3 Product Portfolio
     7.10.4 Business Strategies
     7.10.5 Recent Development

List of Figures 

FIG. 1 Global Wound Closure Products: Market Segmentation
FIG. 2 Comparative analysis: Global Wound Closure Products Market 2014 & 2023 (Value %)
FIG. 3 Global Wound Closure Products Market, by Products, 2014 (USD Million)
FIG. 4 Porter’s Five Forces Analysis: Global Wound Closure Products Market
FIG. 5 Market Attractiveness Analysis: Global Wound Closure Products Market, by Geography
FIG. 6 Heat Map Analysis: Global Wound Closure Products Market
FIG. 7 Global Absorbable Sutures Market Revenue, 2013 – 2023 (USD Million)
FIG. 8 Global Non-absorbable Sutures Market Revenue, 2013 – 2023 (USD Million)
FIG. 9 Global Surgical Staples Market Revenue, 2013 – 2023 (USD Million)
FIG. 10 Global Wound Closure Strips Market Revenue, 2013 – 2023 (USD Million)
FIG. 11 Global Fibrin Sealants Market Revenue, 2013 – 2023 (USD Million)
FIG. 12 Global Collagen Based Sealants Market Revenue, 2013 – 2023 (USD Million)
FIG. 13 Global Cyanoacrylate Based Sealants Market Revenue, 2013 – 2023 (USD Million)
FIG. 14 Global Albumin and Glutaraldehyde Based Sealants Market Revenue, 2013 – 2023 (USD Million)
FIG. 15 Global Synthetic Polymer Based Sealants Market Revenue, 2013 – 2023 (USD Million)
FIG. 16 Global Hemostats (Surgical Hemostats, Hemostatic Dressing and Bandages) Market Revenue, 2013 – 2023 (USD Million)
FIG. 17 Rest of the World Wound Closure Products Market Revenue, 2013 – 2023 (USD Million)
FIG. 18 3M Health Care: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 19 ArthroCare Corporation: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 20 B. Braun Melsungen AG: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 21 LVB Acquisitions, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 22 Covidien plc: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 23 Derma Sciences, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 24 Johnson & Johnson, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 25 Kinetic Concepts, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 26 Smith & Nephew plc: Annual Revenue, 2011 – 2013 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Wound Closure Products Market (2014 & 2023)
TABLE 2 Global Wound Closure Products Market Revenue, by Product Type, 2013 – 2023 (USD Million)
TABLE 3 Global Sutures Market Revenue, by Product Type, 2013 – 2023 (USD Million)
TABLE 4 Global Adhesives and Tissue Sealants Market Revenue, by Product Type, 2013 – 2023 (USD Million)
TABLE 5 Global Wound Closure Products Market Revenue, by Geography, 2013 – 2023 (USD Million)
TABLE 6 North America Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 7 Europe Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 8 Asia Pacific Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 9 Latin America Wound Closure Products Market Revenue, by Country, 2013 – 2023 (USD Million)


The global wound closure products market report provides market size estimation and forecast of major wound closure products. These products are an integral part of any hospital and trauma center, and have wide scope of application. The wound closure products market has been studied from the perspective of product types and geography. Global market for wound closure products has been segmented into sutures, surgical staples, wound closure strips, adhesive and tissue sealants, and hemostats. The sutures segment has been sub-segmented into absorbable sutures and non-absorbable sutures. The adhesives and tissue sealants segment has been further sub-segmented into fibrin sealants, collagen-based sealants, cyanoacrylate sealants, albumin and glutaraldehyde sealants, and polymer based sealants. 

Geographically, the wound closure products market has been segmented into five major geographical regions which include North America, Europe, Asia Pacific, Latin America, and Rest of the World. Each of these geographical regions have been further segmented into major countries. North America has been segmented into the U.S. and Canada. Europe has been segmented into the U.K., Germany, and Rest of Europe. Asia Pacific has been segmented into India, China, and Rest of Asia Pacific. Latin America has been segmented into Brazil, Mexico, and Rest of Latin America. Market size estimation for each of the geographies as well as countries has been provided considering 2013 and 2014 as base years and forecast has been provided from 2015 to 2023. The forecast model is based on event impact analysis of the overall wound closure products market which considers macro and microeconomic events such as new product approvals, changes in regulatory policies, product recalls, and strategic agreements. Apart from quantitative analysis, the wound closure products market report also provides facts and figures on disease prevalence and epidemiology published by organizations such as the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO), and the National Institute of Health (NIH).

The report also identifies key market drivers, restraints, and lucrative opportunities in the global wound closure products market. Furthermore, detailed Porter’s Five Forces analysis is provided for comprehensive market study. Market attractive analysis based on various macro and micro economic factors such as current stage of life cycle, market size, customer base, market competition, and annual growth rate reveals most lucrative geographical markets in the forecast period. Detailed heat map analysis provides segment wise presence of key players in the wound closure products market. Recommendations have also been provided for new entrants and existing players to help establish a strong presence, and for existing market players to increase their market shares. The global wound closure products market report profiles ten key players in the market. These include B. Braun Medical Inc., Baxter International Inc., Biomet, Inc., Covidien plc, C.R. Bard, Inc., CryoLife, Ethicon, and Smith & Nephew plc.

Global Wound Closure Products market has been segmented as below: 
  • Global Wound Closure Products Market, by Product Type
    • Sutures
      • Absorbable Sutures
      • Non-Absorbable Sutures
    • Surgical Staples
    • Wound Closure Strips
    • Adhesives and Tissue Sealants
      • Fibrin Sealants
      • Collagen Based Sealants
      • Cyanoacrylate Sealants
      • Albumin and Glutaraldehyde Based Sealants
      • Polymer Based Sealants
    • Hemostats
  • Global Wound Closure Products Market, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Rest of Europe
    • Asia Pacific
      • India 
      • China
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Rest of the World


 
 
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