Freedonia In The News
Article Title: Global market for wound closures to grow at 4.3% CAGR to reach $15.2 billion in 2016
Publication: News Medical, 6/18/2012
Freedonia Study: World Wound Management Products (2893)
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World Wound Management Products
The wound closure markets are driven by technological advances, increased application due to insurance reimbursement in the Western world, and growing demand in developing countries.
Of all the elements of the Wound Management market, wound closures remain the largest product segment, and the Freedonia Group's new "World Wound Management Products" market research report forecasts the global market for wound closures to reach $15.2 billion in 2016 at a 4.3% CAGR. The availability and accessibility of basic health care in developing countries will to drive the wound closures markets upward, with applications in surgery and trauma procedures, countering Western advances in minimally invasive medical technologies that will hold down growth in demand for wound closures.
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