Dallas, TX -- (SBWIRE) -- 09/20/2013 -- 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. 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.
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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:
Haemostatic Bandages, Dressings and Devices
Other Wound Closure Devices
Contact information, areas of focus, product summary and financial status for over 50 companies active in the wound closure market.
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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.
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