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North American Interactive Wound Care MarketsPublished by: Frost & Sullivan Published: Aug. 8, 2002 Table of Contents 1 North American Interactive Wound Care Markets 2 North American Market for Skin Substitutes 3 North American Market for Biomaterial Dressings 4 Mexican Market for Interactive Wound Care AbstractProduct Acceptability and Changing Demographics Spur MarketThe increasing acceptance of biocompatible alternatives by surgeons and end users coupled with its functional and cosmetic advantages is driving the market for interactive wound care products. Growing incidences of skin diseases such as chronic ulcers in the expanding elderly segment of the population is also stimulating the market for bio-engineered products including skin substitutes. This Frost & Sullivan research analyzes the North American markets for interactive wound care products. It discusses the drivers and restraints governing this market and provides forecasts identifying areas of growth. The study covers skin substitutes and biomaterial dressings with collagen and hyaluronic acid as the main constitute. Growing Market for Interactive Wound Care Products Stimulates Demand for Products "Skin substitutes have shown improved and faster healing in clinical trials," says the author of the study. "It provides a scaffold to stimulate regeneration of wound tissues and reduces the healing time for the wounds. They have added value over the existing products in terms of limiting dysfunctionality and improved cosmetic results." Skin substitutes and biomaterial dressings present a better therapeutic option for refractive wounds and burns since they lower the potential for transfer of infection and diseases, aid faster healing, and reduce donor site wounds. They can also help provide the answer to problems such as costly storage and maintenance as well as non-availability of donor skin. Innovation and More Efficient Products Trigger Market Growth This growing awareness of the benefits of using biocompatible products is driving product acceptability and market demand and increasing competition and technology innovation. With breakthrough technologies and the resulting efficacious products, more manufacturers are entering the fray, increasing market size.
The United States is the dominant market in North America, with the most product manufacturers, while the Canadian market for advanced wound care products is rapidly expanding. Mexico, being a developing one, will take time to enter the high-priced skin substitutes market. But the FDA's initiative to create a separate category for "interactive wound care products" is making the environment conducive for growth and global expansion, which provides further opportunity for manufacturers.
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