World Market for Wound Closure Products

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World Market for Wound Closure Products

  1. 1. Wound Closure Products MarketsWorldwideReport HighlightsApril 2011
  2. 2. Report BenefitsThis report can help in:• Assessing the market for Wound Closure Productsworldwide, growth segments, and growth regions.• Understanding market drivers and restraints, marketsegmentation, and competitive segmentation.• Strategic planning and competitive strategy.• Identifying opportunities for partnerships and alliances.April 11 2© 2011 Marketstrat, Inc., All Rights Reserved
  3. 3. Key Takeaways• The world market for wound closure products (including hemostats, suture products, clips/staples,adhesives/sealants and tapes/strips) is estimated at over $6 billion in 2010, growing at a CAGR ofabout 5.8 percent over the next few years.• Primary drivers include rising rates of surgical procedures, in particular minimally invasive surgery,vascular procedures and plastic surgery.• Primary restraints include high costs of new generation products such as specialty adhesives/ glues.In emerging markets, an important restraint is the shortage of surgeons trained in minimallyinvasive surgery as well as access to these facilities. Surgeon training, skill and preference areimportant influencers in the choice of closure product for any given type of wound.• The market is characterized by several competing technologies and numerous small niche playerswho are slicing into the leaders’ market share.• Ethicon and Covidien are the leaders in most wound closure segments. Others big players include BBraun (sutures), Baxter (adhesives) and 3M and Smith & Nephew (tapes/ strips). Innovators towatch are CryoLife, GluStitch, Medafor, Thermogenesis and Advanced Medical Solutions as well asother niche players with highly specialized advanced biomaterials and synthetic adhesives.April 11 3© 2011 Marketstrat, Inc., All Rights Reserved
  4. 4. Sample Data TableUSA - SUTURES MARKET - REVENUE FORECASTS ($ Million, 2010-2018)Year Revenues ($ Million) % of US Mkt Growth (%)2010 $994.6 35.9%2011 $1,029.9 35.1% 3.6%2012 $1,067.9 34.3% 3.7%2013 $1,108.2 33.5% 3.8%2014 $1,152.1 32.6% 4.0%2015 $1,198.4 31.7% 4.0%2016 $1,248.4 30.8% 4.2%2017 $1,305.1 29.9% 4.5%2018 $1,365.2 29.0% 4.6%CAGR 4.0%Notes:1. Includes absorbable and non-absorbable sutures2. Data are at the manufacturer levelSource: Marketstrat®April 11 © 2011 Marketstrat, Inc., All Rights Reserved 4
  5. 5. Sample Data ChartCHINA - HEMOSTATS MARKET - REVENUE FORECASTS ($ Million, 2010-2018)0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%8.0%9.0%10.0%$0.0$20.0$40.0$60.0$80.0$100.0$120.0$140.0$160.02010 2011 2012 2013 2014 2015 2016 2017 2018%GrowthRevenues($Million)Revenues($ Million) Growth (%)© 2011 Marketstrat, Inc., All Rights ReservedApril 11 5
  6. 6. Report StatsCategory DetailRegions Covered United States; Canada; LATAM, Germany, France, UK, Italy,Japan, China, India; Rest of the World (ROW)Product/MarketSegments•Suture Systems (Absorbable and Non-absorbable sutures)•Clips/ Staples•Adhesives/ Sealants/ Glues•Tapes/ StripsCompany Profiles 100+ CompaniesMarket Estimates/Forecasts2010-2018Report Code 320-11Price $2995 (single-user license); $5990 (corporate license)No. of Pages 344 pages; 137 data tables; 131 chartsPublication Date April 2011© 2011 Marketstrat, Inc., All Rights ReservedApril 11 6
  7. 7. About UsMarketstrat specializes in Medical Market Research. We assist companieswith market, technology, and best practice strategies & intelligence,through a unique combination of published reports, solutions, andservices.Our strengths include: a deep understanding of the medical devices valuechain, state-of-the-art data collection tools, and a robust researchmethodology.4695 Chabot Drive, Suite 200Pleasanton, CA 94588, USA.Email : info@marketstrat.comPhone: 925-263-4455Fax: 925-263-4456www.marketstrat.comApril 11 © 2011 Marketstrat, Inc., All Rights Reserved 7
  8. 8. April 11 8© 2011 Marketstrat, Inc., All Rights Reserved

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