Gains will be driven by an expanding volume of surgical procedures, a rising incidence of
treated injuries and external skin conditions, and new product introductions.
World demand to rise 5.3%
annually through 2016
World demand for wound management
products will increase 5.3 percent
annually to $39.3 billion in 2016, serving
a $9.3 trillion worldwide health care
industry. An expanding volume of
surgical procedures, coupled with a
rising incidence of treated injuries and
external skin conditions, will underlie
gains. Growth will also benefit from new
product introductions, especially negative
pressure therapy systems, skin
replacements, tissue sealants, and
wound healing agents.
US to remain largest market,
China to lead gains
China will account for the fastest growth
in wound management product demand
among all countries. Increasing economic
prosperity will enable its health care
sector to expand and diversify resources
and capabilities, and accommodate an
expanding volume of patients. Similar
trends will create above average growth
opportunities for wound management
products in several other developing
countries.
Led by the United States, the developed
countries will continue to absorb a much
larger share of total world wound management
product demand than the
developing countries. This trend will
reflect the advanced nature of medical
delivery systems, widespread coverage
of residents for essential patient treatment,
and increasing preferences of
medical providers for high value added
supplies and devices. Because of a
higher degree of market penetration,
total demand for wound management
products in the developed countries will
grow at a considerably slower pace than
in the developing countries.
Wound closures, bandages
to remain largest segments
Wound closures will post world demand
of $15.2 billion in 2016, up 4.3 percent
annually from 2011. Tissue sealants will
see the fastest gains, spurred by improvements
in available products and
speed advantages in the closing of minor
surgical incisions and wounds. Nonetheless,
sutures and staples will continue to
dominate world wound closure demand
based on well established performance
results in major surgery.
World demand for bandages is forecast
to increase 4.5 percent per year to
nearly $10 billion in 2016. Gains will
reflect expanding applications in selftreatment,
sports medicine, and chronic
care. Specialty bandages for the professional
treatment of injuries and orthopedic
conditions will account for the fastest
growth in demand. Multiple supplier
competition and price sensitivity will hold
down growth opportunities for most other
bandages.
Study Scope
This study analyzes the $30.3 billion world wound management product industry. It presents historical demand date for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by type (e.g., wound closures, bandages, wound dressings, wound healing agents), world region and for 10 major countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 41 industry players, including Johnson & Johnson, Covidien and Kinetic Concepts.
