Wound Closure Market By Product And Application - Global Industry Analysis And Forecast To 2027
Published On : August 2017 Pages : 98 Category: Medical Devices Report Code : HC06136
Industry Trend Analysis
The global wound closure market is expected to be around $15 billion by 2027. Some of the key driving factors for the market growth are, effectiveness of advanced wound closure products in enabling faster healing of chronic wounds, rising prevalence of chronic diseases around the world and increasing demand for minimally invasive wound closure procedures. According to a 2017 study conducted by the National Center for Biotechnology Information (NCBI), it is projected that 1 to 2% of the population in developed countries will experience a chronic wound in their lifetime. The study further states that around 6.5 million patients in the U.S. are affected with chronic wounds every year. With such high prevalence of chronic wounds, the demand for wound closure products is expected to significantly increase during the forecast period. However, high cost of wound closure products can hinder the market growth during the forecast period.
Product Outlook and Trend Analysis
Haemostatic and sealing agents are used to prevent excess blood loss during surgical repair procedures. Hemostasis refers to the formation of blood clot at the site of injury. Hemostatic agents prevent excess flow of blood either mechanically or by augmenting the coagulation cascade. Topical tissue adhesives also known as skin adhesives are effective in many skin wounds/cuts. They consist of liquid cyanoacrylate monomers that form long chains after polymerization to seal the wound edges. They are generally used to treat superficial skin wounds.
Application Outlook and Trend Analysis
On the basis of applications, the global wound closure market is broadly segmented into chronic and acute wound care. Increase in the number of traumatic wounds and road accidents will favorably contribute to the growth of acute wound care segment over the forecast period. Rising geriatric population around the world and increasing incidence of lifestyle diseases such as diabetes has been majorly responsible for the increase in number of cases of diabetic foot ulcers and pressure ulcers in recent years.
Regional Outlook and Trend Analysis
In 2017, North America held a major share of the global wound closure market due to increasing prevalence of lifestyle diseases such as diabetes. Moreover, increasing number of surgical procedures performed every year is also expected to contribute the growth of North American Wound closure market during the forecast period. Asia-Pacific wound closure market is expected to exhibit significant growth during the forecast period owing to prevalence of unmet medical needs in emerging economies such as India and China and increasing focus on development of healthcare infrastructure in the region.
Competitive Analysis
The major players operating in the global wound closure market focus on developing advanced wound closure products enabling effective and faster healing of wounds in a minimally invasive manner. For instance, in March 2022, Ethicon and DePuySynthes jointly introduced customized wound closure kits (including STRATAFIX Knotless Tissue Control Devices and DERMABOND PRINEO Skin Closure System) to improve outcomes in orthopedic surgery. Such product developments will enable the companies to strengthen their product portfolio to sustain their position in the market. Some of the key players in the global wound closure market are, Smith & Nephew PLC, B. Braun Melsungen AG, 3M Company, Baxter International Inc., DeRoyal Industries, Inc., Johnson & Johnson Services, Inc., Medtronic plc, CryoLife, Inc., Derma Sciences Inc. (acquired by Integra LifeSciences Holdings Corporation) and BSN medical GmbH (acquired by SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ)).
Market Opportunities
With prevalence of unmet medical needs in emerging countries, the major players in the wound closure market can largely benefit from introducing advanced wound closure products in emerging markets. Increasing prevalence of diabetes and other lifestyle diseases around the world are expected to significantly contribute to the rising demand for innovative wound closure products. With development of such products, market players can secure a larger share of the market and sustain their competitive position.
Wound Closure Market Segmentation:
By Product:
- Hemostatic and Sealing Agents
- Fibrin Sealant
- Surgical Sealant
- Gelatin-based Sealant
- Human Fibrinogen and Thrombin Fleece
- Topical Tissue Adhesive
- Wound Closure Devices
- Mechanical Stapling Devices
- Ligating Clips
- Wound Closure Strips
By Application:
- Chronic Wound Care
- Venous Leg Ulcers
- Pressure Ulcers
- Diabetic Foot Ulcers
- Arterial Ulcers
- Acute Wound Care
- Surgical Wounds
- Burns & Trauma
By Region:
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- Turkey
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2022 to 2027?
- What will be the industry market growth from 2022 to 2027?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
- Wound Closure Market, By Product, Estimates and Forecast, 2017-2027 ($Million)
- Hemostatic and Sealing Agents
- Fibrin Sealant
- Surgical Sealant
- Gelatin-based Sealant
- Human Fibrinogen and Thrombin Fleece
- Topical Tissue Adhesive
- Wound Closure Devices
- Mechanical Stapling Devices
- Ligating Clips
- Wound Closure Strips
- Wound Closure Market, By Application, Estimates and Forecast, 2017-2027 ($Million)
- Chronic Wound Care
- Venous Leg Ulcers
- Pressure Ulcers
- Diabetic Foot Ulcers
- Arterial Ulcers
- Acute Wound Care
- Surgical Wounds
- Burns & Trauma
- Wound Closure Market, By Region, Estimates and Forecast, 2017-2027 ($Million)
- North America
- North America Wound Closure Market, By Country
- North America Wound Closure Market, By Product
- North America Wound Closure Market, By Application
- U.S. Wound Closure Market, By Product
- U.S. Wound Closure Market, By Application
- Canada Wound Closure Market, By Product
- Canada Wound Closure Market, By Application
- Mexico Wound Closure Market, By Product
- Mexico Wound Closure Market, By Application
-
- Europe
- Europe Wound Closure Market, By Country
- Europe Wound Closure Market, By Product
- Europe Wound Closure Market, By Application
- Germany Wound Closure Market, By Product
- Germany Wound Closure Market, By Application
- France Wound Closure Market, By Product
- France Wound Closure Market, By Application
- UK Wound Closure Market, By Product
- UK Wound Closure Market, By Application
- Italy Wound Closure Market, By Product
- Italy Wound Closure Market, By Application
- Spain Wound Closure Market, By Product
- Spain Wound Closure Market, By Application
- Rest of Europe Wound Closure Market, By Product
- Rest of Europe Wound Closure Market, By Application
-
- Asia-Pacific
- Asia-Pacific Wound Closure Market, By Country
- Asia-Pacific Wound Closure Market, By Product
- Asia-Pacific Wound Closure Market, By Application
- Japan Wound Closure Market, By Product
- Japan Wound Closure Market, By Application
- Australia Wound Closure Market, By Product
- Australia Wound Closure Market, By Application
- India Wound Closure Market, By Product
- India Wound Closure Market, By Application
- South Korea Wound Closure Market, By Product
- South Korea Wound Closure Market, By Application
- Rest of Asia-Pacific Wound Closure Market, By Product
- Rest of Asia-Pacific Wound Closure Market, By Application
- Asia-Pacific
-
- Rest of the World
- Rest of the World Wound Closure Market, By Country
- Rest of the World Wound Closure Market, By Product
- Rest of the World Wound Closure Market, By Application
- Brazil Wound Closure Market, By Product
- Brazil Wound Closure Market, By Application
- South Africa Wound Closure Market, By Product
- South Africa Wound Closure Market, By Application
- Saudi Arabia Wound Closure Market, By Product
- Saudi Arabia Wound Closure Market, By Application
- Turkey Wound Closure Market, By Product
- Turkey Wound Closure Market, By Application
- United Arab Emirates Wound Closure Market, By Product
- United Arab Emirates Wound Closure Market, By Application
- Others Wound Closure Market, By Product
- Others Wound Closure Market, By Application
- Rest of the World
Table of Contents
1.Introduction
1.1.Report Description
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2.Executive Summary
2.1.Key Highlights
3.Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers
3.3.1.1.Increasing Incidence of Chronic Diseases such as Diabetes
3.3.1.2.Increasing Demand for Minimally Invasive Wound Care Procedures
3.3.1.3.Increasing Prevalence of Geriatric Population
3.3.2. Restraints
3.3.2.1.High Cost of Wound Closure Products
3.3.3. Opportunities
3.3.3.1.Emerging Markets to Offer Lucrative Growth Opportunities
3.3.3.2.Technological Advancements in Wound Closure Products
4.Wound Closure market, By Product
4.1.Introduction
4.2.The Wound Closure market Assessment and Forecast, By Product, 2017-2027
4.3.Haemostatic and Sealing Agents
4.3.1. Market Assessment and Forecast, By Type, 2017-2027 ($Million)
4.3.2. Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.3.3. Fibrin Sealant
4.3.3.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.3.4. Surgical Sealant
4.3.4.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.3.5. Gelatin-based Sealant
4.3.5.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.3.6. Human Fibrinogen and Thrombin Fleece
4.3.6.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.4.Topical Tissue Adhesive
4.4.1. Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.5.Wound Closure Devices
4.5.1. Market Assessment and Forecast, By Type, 2017-2027 ($Million)
4.5.2. Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.5.3. Mechanical Stapling Devices
4.5.3.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.5.4. Ligating Clips
4.5.4.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
4.5.5. Wound Closure Strips
4.5.5.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.Wound Closure Market, By Application
5.1.Introduction
5.2.Wound Closure market Assessment and Forecast, By Application, 2017-2027
5.3.Chronic Wound Care
5.3.1. Market Assessment and Forecast, By Type, 2017-2027 ($Million)
5.3.2. Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.3.3. Venous Leg Ulcers
5.3.3.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.3.4. Pressure Ulcers
5.3.4.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.3.5. Diabetic Foot Ulcers
5.3.5.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.3.6. Arterial Ulcers
5.3.6.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.4.Acute Wound Care
5.4.1. Market Assessment and Forecast, By Type, 2017-2027 ($Million)
5.4.2. Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.4.3. Surgical Wounds
5.4.3.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
5.4.4. Burns & Trauma
5.4.4.1.Market Assessment and Forecast, By Region, 2017-2027 ($Million)
6.Wound Closure Market, By Region
6.1.Introduction
6.2.Wound ClosureMarket Assessment and Forecast, By Product, 2017-2027 ($Million)
6.3.Wound ClosureMarket Assessment and Forecast, By Application, 2017-2027 ($Million)
6.4.North America
6.4.1. Market Assessment and Forecast, By Country, 2017-2027 ($Million)
6.4.2. Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.4.3. Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.4.3.1.U.S.
6.4.3.1.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.4.3.1.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.4.3.2.Canada
6.4.3.2.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.4.3.2.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.4.3.3.Mexico
6.4.3.3.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.4.3.3.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.Europe
6.5.1. Market Assessment and Forecast, By Country, 2017-2027 ($Million)
6.5.2. Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3. Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.3.1.Germany
6.5.3.1.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3.1.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.3.2.France
6.5.3.2.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3.2.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.3.3.UK
6.5.3.3.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3.3.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.3.4.Italy
6.5.3.4.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3.4.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.3.5.Spain
6.5.3.5.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3.5.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.3.6.Russia
6.5.3.6.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3.6.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.5.3.7.Rest of Europe
6.5.3.7.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.5.3.7.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.Asia-Pacific
6.6.1. Market Assessment and Forecast, By Country, 2017-2027 ($Million)
6.6.2. Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3. Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.3.1.Japan
6.6.3.1.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3.1.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.3.2.China
6.6.3.2.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3.2.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.3.3.Australia
6.6.3.3.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3.3.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.3.4.India
6.6.3.4.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3.4.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.3.5.South Korea
6.6.3.5.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3.5.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.3.6.Taiwan
6.6.3.6.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3.6.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.6.3.7.Rest of Asia-Pacific
6.6.3.7.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.6.3.7.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.7.Rest of the World
6.7.1. Market Assessment and Forecast, By Country, 2017-2027 ($Million)
6.7.2. Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.7.3. Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.7.3.1.Brazil
6.7.3.1.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.7.3.1.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.7.3.2.Turkey
6.7.3.2.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.7.3.2.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.7.3.3.Saudi Arabia
6.7.3.3.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.7.3.3.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.7.3.4.South Africa
6.7.3.4.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.7.3.4.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.7.3.5.United Arab Emirates
6.7.3.5.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.7.3.5.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
6.7.3.6.Others
6.7.3.6.1.Market Assessment and Forecast, By Product, 2017-2027 ($Million)
6.7.3.6.2.Market Assessment and Forecast, By Application, 2017-2027 ($Million)
7.Company Profiles
7.1.Smith & Nephew PLC
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2.B. Braun Melsungen AG
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3.3M Company
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4.Baxter International Inc.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Key Financials
7.4.4. Strategic Developments
7.5.Derma Sciences Inc. (acquired by Integra LifeSciences Holdings Corporation)
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
7.6.DeRoyal Industries, Inc.
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7.Johnson & Johnson Services, Inc.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Key Financials
7.7.4. Strategic Developments
7.8.Medtronic plc
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Key Financials
7.8.4. Strategic Developments
7.9.CryoLife, Inc.
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Key Financials
7.9.4. Strategic Developments
7.10.BSN medical GmbH (acquired by SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ))
7.10.1.Business Overview
7.10.2.Product Portfolio
7.10.3.Strategic Developments
List of Tables
Table 1.Wound Closure Market, By Product, 2017-2025 ($Million)
Table 2.Haemostatic and Sealing Agents Market, By Type, 2017-2025 ($Million)
Table 3.Fibrin Sealant Market, By Region, 2017-2025 ($Million)
Table 3.Surgical Sealant Market, By Region, 2017-2025 ($Million)
Table 5.Gelatin-based Sealant Market, By Region, 2017-2025 ($Million)
Table 6.Human Fibrinogen and Thrombin Fleece Market, By Region, 2017-2025 ($Million)
Table 7.Topical Tissue Adhesive Market, By Region, 2017-2025 ($Million)
Table 8.Wound Closure Devices Market, By Type, 2017-2025 ($Million)
Table 9.Wound Closure Devices Market, By Region, 2017-2025 ($Million)
Table 10.Mechanical Stapling Devices Market, By Region, 2017-2025 ($Million)
Table 11.Ligating Clips Market, By Region, 2017-2025 ($Million)
Table 12.Wound Closure Strips Market, By Region, 2017-2025 ($Million)
Table 13.Wound Closure Market, By Application, 2017-2025 ($Million)
Table 14.Chronic Wound Care Market, By Type, 2017-2025 ($Million)
Table 15.Chronic Wound Care Market, By Region, 2017-2025 ($Million)
Table 16.Venous Leg Ulcers Market, By Region, 2017-2025 ($Million)
Table 17 Pressure Ulcers Market, By Region, 2017-2025 ($Million)
Table 18.Diabetic Foot Ulcers Market, By Region, 2017-2025, ($Million)
Table 19.Arterial Ulcers Market, By Region, 2017-2025, ($Million)
Table 20.Acute Wound Care Market, By Type, 2017-2025, ($Million)
Table 21.Acute Wound Care Market, By Region, 2017-2025, ($Million)
Table 22.Surgical Wounds Market, By Region, 2017-2025, ($Million)
Table 23.Burns & Trauma Market, By Region, 2017-2025, ($Million)
Table 24.Wound Closure Market, By Region, 2017-2025 ($Million)
Table 25.North America Wound Closure Market, By Country, 2017-2025 ($Million)
Table 26.North America Wound Closure Market, By Product, 2017-2025 ($Million)
Table 27.North America Wound Closure Market, By Application, 2017-2025 ($Million)
Table 28.U.S. Wound Closure Market, by Product, 2017-2025 ($Million)
Table 29.U.S. Wound Closure Market, by Application, 2017-2025 ($Million)
Table 30.Canada Wound Closure Market, By Product, 2017-2025 ($Million)
Table 31.Canada Wound Closure Market, By Application, 2017-2025 ($Million)
Table 32.Mexico Wound Closure Market, By Product, 2017-2025 ($Million)
Table 33.Mexico Wound Closure Market, By Application, 2017-2025 ($Million)
Table 34.Europe Wound Closure Market, By Country, 2017-2025 ($Million)
Table 35.Europe Wound Closure Market, By Product, 2017-2025 ($Million)
Table 36.Europe Wound Closure Market, By Application, 2017-2025 ($Million)
Table 37.Germany Wound Closure Market, By Product, 2017-2025 ($Million)
Table 38.Germany Wound Closure Market, By Application, 2017-2025 ($Million)
Table 39.France Wound Closure Market, By Product, 2017-2025 ($Million)
Table 40.France Wound Closure Market, By Application, 2017-2025 ($Million)
Table 41.UK Wound Closure Market, By Product, 2017-2025 ($Million)
Table 42.UK Wound Closure Market, By Application, 2017-2025 ($Million)
Table 43.Italy Wound Closure Market, By Product, 2017-2025 ($Million)
Table 44.Italy Wound Closure Market, By Application, 2017-2025 ($Million)
Table 45.Spain Wound Closure Market, By Product, 2017-2025 ($Million)
Table 46.Spain Wound Closure Market, By Application, 2017-2025 ($Million)
Table 47.Russia Wound Closure Market, By Product, 2017-2025 ($Million)
Table 48.Russia Wound Closure Market, By Application, 2017-2025 ($Million)
Table 49.Rest of Europe Wound Closure Market, By Product, 2017-2025 ($Million)
Table 50.Rest of Europe Wound Closure Market, By Application, 2017-2025 ($Million)
Table 51.Asia-Pacific Wound Closure Market, By Country, 2017-2025 ($Million)
Table 52.Asia-Pacific Wound Closure Market, By Product, 2017-2025 ($Million)
Table 53.Asia-Pacific Wound Closure Market, By Application, 2017-2025 ($Million)
Table 54.Japan Wound Closure Market, By Product, 2017-2025 ($Million)
Table 55.Japan Wound Closure Market, By Application, 2017-2025 ($Million)
Table 56.China Wound Closure Market, By Product, 2017-2025 ($Million)
Table 57.China Wound Closure Market, By Application, 2017-2025 ($Million)
Table 58.Australia Wound Closure Market, By Product, 2017-2025 ($Million)
Table 59.Australia Wound Closure Market, By Application, 2017-2025 ($Million)
Table 60.India Wound Closure Market, By Product, 2017-2025 ($Million)
Table 61.India Wound Closure Market, By Application, 2017-2025 ($Million)
Table 62.South Korea Wound Closure Market, By Product, 2017-2025 ($Million)
Table 63.South Korea Wound Closure Market, By Application, 2017-2025 ($Million)
Table 64.Taiwan Wound Closure Market, By Product, 2017-2025 ($Million)
Table 65.Taiwan Wound Closure Market, By Application, 2017-2025 ($Million)
Table 66.Rest of Asia-Pacific Wound Closure Market, By Product, 2017-2025 ($Million)
Table 67.Rest of Asia-Pacific Wound Closure Market, By Application, 2017-2025 ($Million)
Table 68.Rest of the World Wound Closure Market, By Country, 2017-2025 ($Million)
Table 69.Rest of the World Wound Closure Market, By Product, 2017-2025 ($Million)
Table 70.Rest of the World Wound Closure Market, By Application, 2017-2025 ($Million)
Table 71.Brazil Wound Closure Market, By Product, 2017-2025 ($Million)
Table 72.Brazil Wound Closure Market, By Application, 2017-2025 ($Million)
Table 73.Turkey Wound Closure Market, By Product, 2017-2025 ($Million)
Table 74.Turkey Wound Closure Market, By Application, 2017-2025 ($Million)
Table 75.Saudi Arabia Wound Closure Market, By Product, 2017-2025 ($Million)
Table 76.Saudi Arabia Wound Closure Market, By Application, 2017-2025 ($Million)
Table 77.South Africa Wound Closure Market, By Product, 2017-2025 ($Million)
Table 78.South Africa Wound Closure Market, By Application, 2017-2025 ($Million)
Table 79.United Arab Emirates Wound Closure Market, By Product, 2017-2025 ($Million)
Table 80.United Arab Emirates Wound Closure Market, By Application, 2017-2025 ($Million)
Table 81.Others Wound Closure Market, By Product, 2017-2025 ($Million)
Table 82.Others Wound Closure Market, By Application, 2017-2025 ($Million)
Table 83.Smith & Nephew PLC: Key Strategic Developments, 2017-2017
Table 84.B. Braun Melsungen AG: Key Strategic Developments, 2017-2017
Table 85.3M Company: Key Strategic Developments, 2017-2017
Table 86.Baxter International Inc.: Key Strategic Developments, 2017-2017
Table 87.Derma Sciences Inc.: Key Strategic Developments, 2017-2017
Table 88.DeRoyal Industries, Inc.: Key Strategic Developments, 2017-2017
Table 89.Johnson & Johnson Services, Inc.: (GlobalMed): Key Strategic Developments, 2017-2017
Table 90.Medtronic plc: Key Strategic Developments, 2017-2017
Table 91.CryoLife, Inc.: Key Strategic Developments, 2017-2017
Table 92.BSN medical GmbH: Key Strategic Developments, 2017-2017
List of Figures
Figure 1.Wound Closure Market Share, By Product, 2017 & 2025 ($Million)
Figure 2.Wound Closure Market, By Application, 2017 & 2025, ($Million)
Figure 3.Wound Closure Market, By Region, 2017 & 2025, ($Million)
Figure 4.Smith & Nephew PLC: Net Revenues, 2017-2017 ($Million)
Figure 5.Smith & Nephew PLC: Net Revenue Share, By Segment, 2017
Figure 6.Smith & Nephew PLC: Net Revenue Share, By Geography, 2017
Figure 7.B. Braun Melsungen AG: Net Revenues, 2017-2017 ($Million)
Figure 8.B. Braun Melsungen AG: Net Revenue Share, By Segment, 2017
Figure 9.B. Braun Melsungen AG: Net Revenue Share, By Geography, 2017
Figure 10.3M Company: Net Revenues, 2017-2017 ($Million)
Figure 11.3M Company: Net Revenue Share, By Segment, 2017
Figure 12.3M Company: Net Revenue Share, By Geography, 2017
Figure 13.Baxter International Inc.: Net Revenues, 2017-2017 ($Million)
Figure 14.Baxter International Inc.: Net Revenue Share, By Segment, 2017
Figure 15.Baxter International Inc.: Net Revenue Share, By Geography, 2017
Figure 16.Derma Sciences Inc.: Net Revenues, 2017-2017 ($Million)
Figure 17.Derma Sciences Inc.: Net Revenue Share, By Segment, 2017
Figure 18.Derma Sciences Inc.: Net Revenue Share, By Geography, 2017
Figure 16.Johnson & Johnson Services, Inc.: Net Revenues, 2017-2017 ($Million)
Figure 17.Johnson & Johnson Services, Inc.: Net Revenue Share, By Segment, 2017
Figure 18.Johnson & Johnson Services, Inc.: Net Revenue Share, By Geography, 2017
Figure 16.Medtronic plc: Net Revenues, 2017-2017 ($Million)
Figure 17.Medtronic plc: Net Revenue Share, By Segment, 2017
Figure 18.Medtronic plc: Net Revenue Share, By Geography, 2017
Figure 16.CryoLife, Inc.: Net Revenues, 2017-2017 ($Million)
Figure 17.CryoLife, Inc.: Net Revenue Share, By Segment, 2017
Figure 18.CryoLife, Inc.: Net Revenue Share, By Geography, 2017
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
|
Qualitative Data |
Quantitative Data (2017-2025) |
|
|