The Asian Wound Closure Market is mainly driven by aging population and rising incidences of chronic diseases. This market was valued at $262 million in 2013 and is expected to reach $294 million by 2018, at a CAGR of 2.6%. The Wound Closure market has the largest segment of $393 million of Asian traditional wound care market.
The report “Asian Wound closure Market forecast, 2012-2018” analyzes the market of Wound Closure by 3 segments such as Sutures, Staples and Staplers, Tissue adhesives, Sealants and glues.
All these segments experienced a positive growth till 2013, as physicians mainly choose to treat wounds with dry bandages and dressings which account for more than 50% of the chronic and severe wound care market. With a market value of $145 million and $80 million, sutures and staplers and staples products have been contributing around 52% and 29% in terms of value towards total Wound Closure industry. Both the markets have been witnessing the maximum growth as there are many wounds which do not require anything but protection from infection, hence, traditional products will definitely remain the first choice for physicians across.
In total, Wound Closure market is now a mature market and has slow growth due to lack of new product innovation is this category. Asian markets can be seen as important markets for Wound Closure industry, due to increase in aging population, low disposable income which results into use of inexpensive methods of wound healing.
The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating in this market and extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare.
Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
Along with the market data, you can customize the MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standard and deep dive analysis of the following parameters:
- Usage pattern (in-depth trend analysis) of products (Segment wise)
- Product Matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub segment level
- Applications of products (Segment wise and Country wise)
- Comprehensive coverage of Product approvals, Pipeline products and Product recalls
- Country specific Prevalence of ulcers, burns and surgical wounds
- Country specific Patient pool of skin ulcers, diabetic ulcers, neuropathic ulcers
- Disease progression (Pattern analysis)
Surgeons/Physicians Perception Analysis
- Fast turn-around analysis of Surgeons response to market events and trends
- Pattern analysis of usage of products by Physicians
- Surgeons’ opinion about products from different companies
- Surgeons’ qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connect tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (Detractor/Neutral/Familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like Patient dynamics (Patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and Macroeconomic indicators (aging population, reimbursement scenario, treatment rate and healthcare expenditure).
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North American Traditional Wound Care Market
The North American Traditional wound care Market, was pegged at $1.9 billion in 2013 and expected to be $2.1 billion by 2018, growing at a CAGR of 2.4%. The report “North American Traditional Wound care Market forecast, 2012-2018 “analyzes the market of traditional wound care by 3 segments such as wound closure, basic wound care and anti-infectives. The main companies operating in this market and extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare.
European Traditional Wound Care Market
The European Traditional wound care Market was pegged at $761 million in 2013 and expected to be $838 million by 2018, growing at a CAGR of 1.9%. The report “European Traditional Wound care Market forecast, 2012-2018 “analyzes the market of traditional wound care by 3 segments such as wound closure, basic wound care and anti-infective. The main companies operating in this market and extensively covered in this report are Johnson and Johnson, Smith & Nephew, Derma Sciences, Covidien and Molnlycke healthcare, 3M healthcare and others.
Asian Traditional Wound Care Market
The Asian Traditional wound care Market was pegged at $318 million in 2013 and expected to be $329 million by 2018. The report “Asian Traditional Wound care Market forecast, 2012-2018 “analyzes the market of by 3 segments such as wound closure, basic wound care and anti-invectives. The main companies operating in this market and extensively covered in this report are 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare, Smith & Nephew and others.