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Wound Closure and Advanced Wound Care Global Market – Forecast To 2023

Wound Closure and Advanced Wound Care Global Market – Forecast To 2023

Wound closure and advanced wound care devices are the medical apparatus used for the closure of the wound by pulling the cut edges of the tissues together or by directly acting on the wounds for better healing. Devices such as sutures, strips, sealants and adhesives, clips, staples, energy based devices, haemostats and skin grafts are used to minimize the trauma and infection leading to a better and a scar-free healing. The wound closure and advanced wound care global market is segmented based on the products, applications, end-users and geography. Products are divided into primary and secondary wound closure products. Primary wound closure devices include surgical sutures, wound closure strips, staples, ligating clips, haemostat, adhesives and sealants. Surgical suture market is segmented into suture and automated suturing device. Suture market is further divided based on types, filaments, and material type. Sealants are divided into natural and synthetic sealant. Natural sealants are collagen, fibrin and albumin. Synthetic sealants are divided into cyanoacrylate, polymer and others. Haemostats are divided into flowable haemostats, fibrin sealants, mechanical haemostats and active haemostats.

Secondary wound closure devices include energy based devices, therapy based devices, moist wound therapy and biologics. Energy based devices are divided into laser devices, electrical stimulations, electromagnetic stimulations, ultra sound therapy, radio frequency therapy and ultra violet therapy. Therapy based devices are further segmented into hyperbaric oxygen therapy, negative pressure wound therapy and pressure relief devices. Biologics are divided into skin grafts and growth factor. Moist wound therapy is segmented into film, foam, hydrocolloids, hydrogels, alginate and collagen dressings.

By application, the wound closure and advanced wound care markets are divided into burns, ulcers, surgical wounds, trauma and laceration and radionecrosis. Ulcers are further divided into pressure ulcers, arterial ulcers, venous leg ulcers and diabetic foot ulcers. Surgical wound are divided into general surgery, cardio vascular surgery, neuro and spine surgery, ENT surgery, orthopaedic surgery, urology surgery, oncology surgery, obstetrics and gynaecology surgery and plastics, cosmetics and reconstruction surgery. Based on the end- users market is segmented into hospitals, community healthcare services and home healthcare.

Among the wound closure and advanced wound care products, the primary wound closure market dominated the products market by occupying a largest share. At the same time, secondary wound closure market is the fastest growing segment growing at high single digit CAGR from 2016 to 2023. In applications, the surgical wounds are the largest segment grand ulcers are the fastest growing segment with a high single digit CAGR 2016 to 2023. Among end- users, hospitals was the largest segment and also, the fastest growing segment growing at mid single digit from 2016 to 2023. Geography wise, North America is the largest market, followed by Europe and Asia. The APAC region is the fastest growing region growing at high single digit CAGR from 2016 to 2023 suggesting an array of opportunities for growth and likely to be getting into the eyes of new investors in the wound closure and advanced wound care market. Growth in the Asian market is attributed to rising prevalence of lifestyle diseases, aging population and government initiatives in establishing innovative technologies and demand for sophisticated medical services.
The wound closure and advanced wound care market is expected to grow steadily at a mid single digit CAGR from 2016 to 2023 to reach $25,268.9 million by 2023. The factors driving the growth of this market are increase in aging population and prevalence of lifestyle diseases, increase in surgical procedural volume, increase in prevalence of chronic wounds and government initiatives are some of the factors driving the wound closure and advanced wound care market. Demand for biologics, emergence of technically advanced products and acquisition to open an array of opportunities for market to flourish are some of the opportunities for wound closure and advanced wound care market. However, lack of trained professional in handling the sophisticated advanced wound care techniques, expensive sealants and glues impeding effective penetration in low and middle income countries are some of the factors hampering the market growth. The threats for the wound closure and advanced wound care market include unfavourable reimbursement policies in developing nations and stringent regulatory bodies guiding the wound closure and advanced wound care manufacturers.

The wound closure and advanced wound care global market is a highly competitive market and all the existing players in this market are involved in developing new and advanced products to maintain their market shares. Some of the key players of the wound closure and advanced wound care market are Smith & Nephew (U.K.), Johnson and Johnson (U.S), Medtronic (Ireland), 3M healthcare (U.S), Acelity, Ltd. (U.S.), Coloplast (Denmark), C.R.Bard (U.S.), Baxter International (U.S.),Cardinal Health (U.S.), Integra life science (U.S.) and B. Braun Melsungen AG (Germany).

The report provides an in depth market analysis of the above mentioned segments across the following regions:
North America
Europe
Asia-Pacific
Rest of the World (RoW)



1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 KEY TAKE AWAYS
2.2 REPORT DESCRIPTION
2.3 MARKETS COVERED
2.4 STAKEHOLDERS
2.5 RESEARCH METHODOLOGY
2.5.1 MARKET SIZE ESTIMATION
2.5.2 MARKET CRACKDOWN AND DATA TRIANGULATION
2.5.3 SECONDARY SOURCES
2.5.4 PRIMARY SOURCES
2.5.5 KEY DATA POINTS FROM SECONDARY SOURCES
2.5.6 KEY DATA POINTS FROM PRIMARY SOURCES
2.5.7 ASSUMPTIONS
3 MARKET ANALYSIS
3.1 INTRODUCTION
3.2 MARKET SEGMENTATION
3.3 FACTORS INFLUENCING MARKET
3.3.1 DRIVERS AND OPPORTUNITIES
3.3.1.1 Increase in aging population and prevalence of lifestyle diseases.
3.3.1.2 Increase in surgical procedural volume
3.3.1.3 Increasing prevalence of chronic wounds
3.3.1.4 Government initiatives to enhance reach of healthcare facilities
3.3.1.5 Emergence of technically advanced products
3.3.1.6 Demand for Biologics
3.3.1.7 Acquisitions to open an array of opportunities for the market to flourish
3.3.2 RESTRAINTS AND THREATS
3.3.2.1 Lack of trained professionals in handling the sophisticated advanced wound closure techniques
3.3.2.2 Expensive sealants and glues impeding effective penetration in low and middle income countries.
3.3.2.3 Unfavourable reimbursement policies in developing nations
3.3.2.4 Stringent regulatory bodies guiding the wound closure and advanced wound care manufacturers
3.4 REGULATORY AFFAIRS
3.4.1 U.S.
3.4.2 EUROPE
3.4.3 INDIA
3.4.4 CHINA
3.4.5 JAPAN
3.5 REIMBURSEMENT SCENARIO
3.5.1 REIMBURSEMENT TABLE
3.5.1.1 Mastopexy and mammaplasty
3.5.1.2 Excision breast lesion, lumpectomy and mastectomy
3.5.1.3 Breast reconstructive procedures
3.5.1.4 CABG
3.5.1.5 Heart valve replacement and repair
3.5.1.6 Hip and knee replacement
3.5.1.7 Abdominoplasty
3.5.1.8 Sternum closure
3.5.1.9 Robotic assistance
3.6 TECHNOLOGICAL ADVANCEMENTS & ONGOING CLINICAL TRIALS
3.6.1 NANOTECHNOLOGY WOUND CLOSURE
3.6.2 SKIN SUBSTITUTES
3.6.3 GENE THERAPY
3.6.4 LOW LEVEL LASER THERAPY
3.6.5 GROWTH FACTORS
3.6.6 TOPCLOSURE 3S SYSTEM
3.6.7 3D PRINTED SKIN FOR BURN WOUNDS
3.6.8 RECELL
3.6.9 SINGLE HAND SUTURING TECHNOLOGY
3.6.10 BIOCHIPS FOR WOUND HEALING
3.6.11 ONGOING CLINICAL TRIALS
3.7 BIOMATERIALS
3.8 PORTER’S FIVE FORCE ANALYSIS
3.8.1 THREAT OF NEW ENTRANTS
3.8.2 THREAT OF SUBSTITUTES
3.8.3 RIVALRY AMONG EXISTING COMPETITORS
3.8.4 BARGAINING POWER OF SUPPLIERS
3.8.5 BARGAINING POWER OF BUYERS
3.9 SUPPLY CHAIN ANALYSIS
3.10 MARKET SHARE ANALYSIS BY MAJOR PLAYERS
4 WOUND CLOSURE AND ADVANCED WOUND CARE GLOBAL MARKET,BY PRODUCTS
4.1 INTRODUCTION
4.2 PRIMARY WOUND CLOSURE & ADVANCED WOUND CARE
4.2.1 SURGICAL SUTURES
4.2.1.1 Sutures
4.2.1.1.1 Sutures, by Type
4.2.1.1.1.1 Absorbable suture
4.2.1.1.1.2 Non-Absorbable Suture
4.2.1.1.2 Suture, by Material Type
4.2.1.1.2.1 Natural Sutures
4.2.1.1.2.2 Synthetic Sutures
4.2.1.2 Automated Suturing Devices
4.2.2 WOUND CLOSURE STRIPS
4.2.3 STAPLES
4.2.4 LIGATING CLIPS
4.2.5 ADHESIVES AND SEALANTS
4.2.5.1 Adhesives
4.2.5.2 Sealants
4.2.5.2.1 Natural sealants
4.2.5.2.1.1 Collagen Based Sealants
4.2.5.2.1.2 Fibrin Sealants
4.2.5.2.1.3 Albumin Based Sealants
4.2.5.2.2 Synthetic Sealants
4.2.5.2.2.1 Cyanoacrylate Sealants
4.2.5.2.2.2 Polymer Based Sealants
4.2.5.2.2.3 Other Sealants
4.2.6 HAEMOSTATS
4.2.6.1 Flowable Haemostats
4.2.6.2 Fibrin Haemostats
4.2.6.3 Mechanical Haemostats
4.2.6.4 Active Haemostats
4.3 SECONDARY WOUND CLOSURE & ADVANCED WOUND CARE
4.3.1 BIOLOGICS
4.3.1.1 Skin Grafts
4.3.1.2 Growth Factors
4.3.2 THERAPY BASED DEVICES
4.3.2.1 Hyperbaric Oxygen Therapy Device
4.3.2.2 Negative Pressure Wound Therapy Devices
4.3.2.3 Pressure Relief Devices
4.3.3 ENERGY BASED DEVICES
4.3.4 MOIST WOUND THERAPY
5 WOUND CLOSURE AND ADVANCED WOUND CARE GLOBAL MARKET, BY APPLICATIONS
5.1 INTRODUCTION
5.2 BURNS
5.3 ULCERS
5.3.1 PRESSURE ULCERS
5.3.2 VENOUS LEG ULCERS
5.3.3 DIABETIC FOOT ULCERS
5.3.4 ARTERIAL ULCERS
5.4 SURGICAL WOUNDS
5.4.1 GENERAL SURGERY
5.4.2 UROLOGY SURGERY
5.4.3 ORTHOPAEDIC SURGERY
5.4.4 OBSTETRICS AND GYNAECOLOGY SURGERY
5.4.5 PLASTICS, COSMETIC AND RECONSTRUCTION SURGERY
5.4.6 ONCOLOGY
5.4.7 CARDIOVASCULAR SURGERY
5.4.8 NEURO AND SPINE SURGERY
5.4.9 ENT SURGERY
5.5 TRAUMA LACERATIONS
5.6 RADIONECROSIS
6 WOUND CLOSURE AND ADVANCED WOUND CARE GLOBAL MARKET, BY END-USERS
6.1 INTRODUCTION
6.2 HOSPITALS
6.3 COMMUNITY HEALTH SERVICES
6.4 HOME HEALTH CARE
7 WOUND CLOSURE AND ADVANCED WOUND CARE MARKET,
BY GEOGRAPHY
7.1 INTRODUCTION
7.2 NORTH AMERICA
7.2.1 UNITED STATES (U.S.)
7.2.2 OTHERS
7.3 EUROPE
7.3.1 U.K.
7.3.2 ITALY
7.3.3 GERMANY
7.3.4 OTHERS
7.4 ASIA-PACIFIC (APAC)
7.4.1 INDIA
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 OTHERS
7.5 REST OF WORLD (ROW)
7.5.1 BRAZIL
7.5.2 REST OF LATIN AMERICA
7.5.3 MIDDLE EAST & OTHERS
8 COMPANY DEVELOPMENTS
8.1 INTRODUCTION
8.1.1 PRODUCT LAUNCHES AS A MAJOR GROWTH STRATEGY OF WOUND CLOSURE & ADVANCED WOUND CARE MARKETPLAYERS
8.2 NEW PRODUCT LAUNCH
8.3 AGREEMENTS PARTERNER SHIPS, COLLABORATIONS & JOINT VENTURES
8.4 MERGERS AND ACQUISITIONS
8.5 APPROVAL
8.6 OTHER DEVELOPMENTS
9 COMPANY PROFILE
9.1 3M
9.1.1 OVERVIEW
9.1.2 FINANCIALS
9.1.3 PRODUCT PORTFOLIO
9.1.4 KEY DEVELOPMENTS
9.1.5 BUSINESS STRATEGY
9.1.6 SWOT ANALYSIS
9.2 ACELITY LTD (ACELITY LTD & SYSTAGENIX)
9.2.1 OVERVIEW
9.2.2 FINANCIALS
9.2.3 PRODUCT PORTFOLIO
9.2.4 KEY DEVELOPMENTS
9.2.5 BUSINESS STRATEGY
9.2.6 SWOT ANALYSIS
9.3 BAXTER INTERNATIONAL, INC
9.3.1 OVERVIEW
9.3.2 FINANCIALS
9.3.3 PRODUCT PORTFOLIO
9.3.4 KEY DEVELOPMENTS
9.3.5 BUSINESS STRATEGY
9.3.6 SWOT ANALYSIS
9.4 B. BRAUN MELSUNGEN AG
9.4.1 OVERVIEW
9.4.2 FINANCIALS
9.4.3 PRODUCT PORTFOLIO
9.4.4 KEY DEVELOPMENTS
9.4.5 BUSINESS STRATEGY
9.4.6 SWOT ANALYSIS
9.5 CARDINAL HEALTH INC.
9.5.1 OVERVIEW
9.5.2 FINANCIALS
9.5.3 PRODUCT PORTFOLIO
9.5.4 KEY DEVELOPMENTS
9.5.5 BUSINESS STRATEGY
9.5.6 SWOT ANALYSIS
9.6 C.R.BARD INC.
9.6.1 OVERVIEW
9.6.2 FINANCIALS
9.6.3 PRODUCT PORTFOLIO
9.6.4 KEY DEVELOPMENTS
9.6.5 BUSINESS STRATEGY
9.6.6 SWOT ANALYSIS
9.7 COLOPLAST
9.7.1 OVERVIEW
9.7.2 FINANCIALS
9.7.3 PRODUCT PORTFOLIO
9.7.4 KEY DEVELOPMENTS
9.7.5 BUSINESS STRATEGY
9.7.6 SWOT ANALYSIS
9.8 INTEGRA LIFESCIENCES CORPORATION
9.8.1 OVERVIEW
9.8.2 FINANCIALS
9.8.3 PRODUCT PORTFOLIO
9.8.4 KEY DEVELOPMENTS
9.8.5 BUSINESS STRATEGY
9.8.6 SWOT ANALYSIS
9.9 JOHNSON & JOHNSON (ETHICON)
9.9.1 OVERVIEW
9.9.2 FINANCIALS
9.9.3 PRODUCT PORTFOLIO
9.9.4 KEY DEVELOPMENTS
9.9.5 BUSINESS STRATEGY
9.9.6 SWOT ANALYSIS
9.10 MEDTRONIC, INC
9.10.1 OVERVIEW
9.10.2 FINANCIALS
9.10.3 PRODUCT PORTFOLIO
9.10.4 KEY DEVELOPMENTS
9.10.5 BUSINESS STRATEGY
9.10.6 SWOT ANALYSIS
9.11 SMITH & NEPHEW PLC
9.11.1 OVERVIEW
9.11.2 FINANCIALS
9.11.3 PRODUCT PORTFOLIO
9.11.4 KEY DEVELOPMENTS
9.11.5 BUSINESS STRATEGY
9.11.6 SWOT ANALYSIS

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