Global Wound Closure Products Market to Expand at 6.3% CAGR Due to Technological Advancements

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.


Albany, NY -- (SBWIRE) -- 09/08/2015 -- Market Research Reports Search Engine (MRRSE) has announced that its repository now features a report titled " 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 " The report, by Transparency Market Research, forecasts that the market for foam blowing agents will expand at a CAGR of 6.3% from 2014 to 2020, thereby reaching US$15222.7 million by 2023, from US$8750.5 million in 2014.

According to this market research report, a key factor driving the global wound closure products market is the introduction of technologically advanced wound closure products. The high incidence of cardiovascular disorders, diabetes, and other lifestyle diseases is also a prominent factor that fuels the demand for wound closure products. The quantitative and the qualitative information compiled in this research report is based on primary and secondary sources of information. The report makes use of analytical tools such as the Porter's five forces analysis and SWOT analysis to weigh out the challenges and the potential opportunities in the global wound closure products market.

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The report offers useful insights into the competitive landscape of the global wound closure products market by identifying the key companies in this market and discussing the profiles of each. The market study identifies the following companies in the global wound closure products market: Ethicon, Biomet, Smith & Nephew plc, Covidien plc, B. Braun Medical Inc., and Baxter International Inc. amongst others. The report discusses the profiles of these companies by covering aspects such as the key company facts, product portfolio, demand drivers, business strategies, financial structure overview, and the recent developments.

According to this research report, the global wound closure products market is segmented on the basis of product and geography. On the basis of product type, this market is broadly categorized into sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats. Within the sutures segment, the market for absorbable sutures is by far the highest because of its widespread applicability in treating external as well as internal wounds.

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Geographically, this report segments the global wound closure products market into Latin America, North America, Asia Pacific, Europe, and Rest of the World. With a share of almost 40%, the global wound closure products market in 2014 was dominated by North America. The frequent introduction of technologically advanced medical devices in the U.S. market is the main factor that fuels the North America wound closure products market.

The report contains valuable information on disease epidemiology and disease prevalence that is derived from international healthcare organizations such as the National Institute of Health, the World Health Organization, and also the Centers for Disease Control and Prevention. The market study takes into account various micro and macroeconomic factors such as the degree of competition, the customer base, the present phase of life cycle, and the size of the market in order to throw light on the market attractiveness.

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