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Advanced Wound Closure Market Opportunities 2013-2017 Research Report Now Available at MarketReportsOnline.com
Date:9/21/2013

Dallas, Texas (PRWEB) September 21, 2013

The principal drivers of advanced wound closure market growth are the rising numbers of surgical procedures being performed globally and the increasing adoption of advanced biosurgery products such as surgical sealants and haemostats by clinicians. There is a geographical twist, with higher demand in emerging economies for lower-cost traditional wound closure products, while newer technologies are finding more favourable conditions in western markets, principally the US. Despite these positives, the sector faces challenges. The weak global economy and health payer cost control policies have impacted healthcare spending. In such a market, healthcare providers are not always inclined to sanction advanced products over lower-cost treatments.

Advanced biosurgery products set to lead market growth says the report Opportunities in Advanced Wound Closure available at http://www.marketreportsonline.com/274335.html:

While traditional wound closure products will continue to dominate the market, it is the new sectors that will see the best growth. Wider adoption of surgical sealants and haemostat technologies outside of the US will see these new approaches maintain annual growth rates of up to 7% over the next 5 years. In 2012, new technologies accounted for 31.7% of the market and are forecast to rise to 36.8% by 2017. Of the older technologies, sutures will be most affected, falling from a market share of 48.8% in 2012 to 45% in 2017. These figures must been seen in the context of the whole wound closure market: from an annual growth of 3.1% in 2012 we forecast that growth will rise over 5 years to 4.5% in 2017.

Competitive Landscape: For some years, J&J’s Ethicon has been the market leader due its dominating position in the sutures market. However, the company is f
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