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Wound Management Products Market Reaches $15.2 Billion by 2016, Driven by Rising Demand for Bandages and Dressings in Developing World
Date:6/18/2012

FARMINGTON, Conn., June 18, 2012 /PRNewswire-iReach/ -- As the worldwide economy recovers from recession into a new period of growth there is little doubt these developments will have a positive effect on the healthcare technologies market, including the multi-billion dollar Wound Management segment. Having accurate market data and analysis will be essential to companies seeking to compete against the shifting landscape. With premium market research from the world's leading publishers, Global Information, Inc. helps businesses stay on the cutting edge with the best forecasts, research, and analyses.

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Global Information is pleased to announce the immediate availability of two significant new reports on the global markets for Wound Management products:

World Wound Management Products

The wound closure markets are driven by technological advances, increased application due to insurance reimbursement in the Western world, and growing demand in developing countries.

Of all the elements of the Wound Management market, wound closures remain the largest product segment, and the Freedonia Group's new "World Wound Management Products" market research report forecasts the global market for wound closures to reach $15.2 billion in 2016 at a 4.3% CAGR. The availability and accessibility of basic health care in developing countries will  to drive the wound closures markets upward, with applications in surgery and trauma procedures, countering Western advances in minimally invasive medical technologies that will hold down growth in demand for wound closures.

Overall world growth for bandages will be hampered by the sheer volume of suppliers, which put pressure on Bandage prices. Still, global demand for bandages will
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SOURCE Global Information, Inc.
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