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Frost & Sullivan: Demand for Faster Healing Spurs Sale of Advanced Wound Care and Modern Wound Closure Devices in Asia-Pacific
Date:9/3/2013

KUALA LUMPUR, Malaysia, Sept. 3, 2013 /PRNewswire/ -- Advanced wound care and modern wound closure products are gaining an edge over traditional wound dressings in Asia-Pacific as lower bed capacity in hospitals and the trend towards homecare treatment necessitate early patient discharge from hospitals. Hence, the need for faster wound healing is gaining wider importance. Although penetration is currently low, the market in Asia-Pacific presents potential opportunity for growth due to its higher population base, increasing patient awareness, and higher disposable incomes.

New analysis from Frost & Sullivan (http://www.medtech.frost.com), Analysis of the Wound Care and Wound Closure Market in Asia-Pacific, finds that the wound care market earned revenues of US$502.3 million in 2012 and estimates this to grow at a CAGR of 6.9 percent till 2017. The wound closure market earned revenues of US$419.5 million in 2012 and is expected to grow at a CAGR of 7.5 percent through 2017. The wound care study covers traditional wound dressings, moist wound dressings, silver and non-silver antimicrobial dressings, active therapies, and negative pressure wound therapy (NPWT). The wound closure market encompasses sutures, mechanical wound closure devices, wound closure strips, energy-based closure devices as well as tissue sealants, haemostats and skin adhesives.

The increase in lifestyle diseases such as diabetes has heightened focus on faster wound healing, fuelling the use of advanced wound care and wound closure therapies in Asia-Pacific. Strong inflow of medical tourists requiring surgical intervention and the ensuing need for their early discharge add to the demand for wound closure. Moist wound care dressings and anti-microbial silver dressings, in particular, will gain popularity i
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