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IQ4I Research & Consultancy Pvt. Ltd. Page 1
Wound Closure & Advanced Wound Care Global Market
–Forecast to 2023
Wound Closure & Advanced Wound Care Global Market estimated to be worth
$25,268.9 billion by 2023
IQ4I Research & Consultancy published a new report on “Wound Closure & Advanced
Wound Care Global Market – Forecast To 2023” This report analyzes and studies the
overall market, major drivers & Opportunities, Restraints & Threats in North America,
Europe, Asia-Pacific and Rest of the World
IQ4I’s Report Contains 178 market data tables and 76 figures spread through 478
pages and an exhaustive TOC on “Wound Closure & Advanced Wound Care Global
Market [PRODUCTS (Primary Wound Closure (Surgical sutures, ligating clips, wound
closure strips, Staples, Sealants & Adhesives and Haemostats) and Secondary
Wound Closure (Therapy based devices, Energy based devices, Biologics, Moist
wound therapy), APPLICATIONS (Burns, Ulcers (Pressure ulcers, Arterial ulcers,
Diabetic foot ulcers, Venous leg ulcers), Surgical Wounds (General surgery, Cardio
vascular surgery, Neuro & spine surgery, ENT, Urological surgery, Oncology,
Orthopedic surgery, Obstetrics & Gynaecology and Plastics, cosmetics &
reconstruction), Trauma Lacerations and Radionecrosis), END-USERS (Hospitals,
Community Healthcare and Home Healthcare), GEOGRAPHY (North America, Europe,
Asia-Pacific and Rest of the World)].
This report analyzes the Wound closure & advanced wound care global market in terms of
market revenue ($ million) for all segments and it enables wound closure & advanced wound
care stakeholders such as wound closure & advanced wound care product manufacturers,
wound closure & advanced wound care distributors and wholesalers, OEM (Original
Equipment Manufacturers)/contract manufacturers, community healthcare and hospitals,
various research and consulting firms, group purchasing organizations (GPOs) and
healthcare Industries to identify and analyze market expansion opportunities, upcoming
technologies and competition in wound closure & advanced wound care global market.
The wound is a breakdown in the protective function of the skin and loss of connectivity of
epithelium by intentional or unintentional purpose that needs to be closed using different
wound care products depending on the condition and span of the wound. Types of wound
closure products like primary closure products are used in closure of fresh and acute
wounds, whereas, secondary closure products are used in closure of chronic wounds.
Primary wound care products are mainly used in surgical and trauma laceration applications
IQ4I Research & Consultancy Pvt. Ltd. Page 2
Wound Closure & Advanced Wound Care Global Market
–Forecast to 2023
and secondary wound care products in burns, ulcers, radionecrosis and others. These
wound closure and advanced wound care products are mainly used in therapeutic
procedures to avoid complications and enhance patient safety.
According to IQ4I analysis, the wound closure and advanced wound care global market is
expected to reach $25,268.9 million by 2023. Increasing incidence of aging population and
prevalence of lifestyle diseases, increase in surgical procedural volume, increase in
prevalence of chronic wounds and government initiatives are some of the factors driving the
wound closure and advanced wound care market. Demand for biologics, emergence of
technically advanced products and acquisition to open an array of opportunities for market to
flourish are some of the opportunities for wound closure and advanced wound care market.
However, lack of trained professional in handling the sophisticated advanced wound care
techniques, expensive sealants and glues impeding effective penetration in low and middle
income countries are some of the factors hampering the market growth.
The wound closure and advanced wound care global market is mainly segmented by
products, applications, end-users and by geography. The wound closure and advanced
wound care global market by the product is segmented into primary wound closure and
secondary wound closure. The primary wound closure product segment accounted for the
largest share in 2016.
Based on applications, market is segmented into burns, ulcers, surgical wounds, trauma
lacerations and radionecrosis. Ulcers are expected to grow at a strong CAGR from 2016-
2023, due to increase in aging population and lifestyle diseases.
Among the various end users of the wound closure and advanced wound care market
hospitals generated the largest revenue in 2016, due to usage of wide range of primary and
secondary wound closure products which enhances patient safety thus driving the market
growth rate.
Wound Healing Foundation (U.S.) along with the partnership with Wound Reach Foundation,
that works with an aim of improving the quality of life for wound healing patients and their
families through support of awareness, research and education has announced the research
grant of $2,500 for the year 2017 to stimulate clinical research in wound healing.
Advancements in technology includes nanotechnology wound closure, skin substitutes, gene
therapy, low level laser therapy, growth factors, Top closure 3S system, 3D printed skin for
IQ4I Research & Consultancy Pvt. Ltd. Page 3
Wound Closure & Advanced Wound Care Global Market
–Forecast to 2023
burn wounds, RECELL and various types of surgical sutures. One of the emerging trend in
this market includes growth factors, these are the substances that are used to stimulate the
growth and proliferation of the cells involved in wound healing and reduction of inflammation,
these cells are secreted by the body and these factors influence the growth of wound healing
cells by increasing their numbers, thus resulting in faster wound healing. Presently growth
factors are most oftenly used in patients with chronic and non-healing wounds such as
chronic venous leg ulcers and diabetic foot ulcers. Cutimed Epiona developed by BSN
Medical is a new VLU integrated solution that features a process of removing exudates and
bacteria, reducing edema and preventing recurrence of chronic wounds. This product
involves BSN’s DCC technology for infection management and it’s a type of native collagen
that helps to rebuild the tissue.
Developed regions such as North America commanded the largest market share in 2016
due to high investments in healthcare infrastructures, availability of government funds
improved market growth in this region. However, Asia-pacific region is expected to grow at
the highest CAGR from 2016-2023 due to increased healthcare awareness, improved
economic growth, and increasing awareness among the people about the impact of chronic
wounds. Significant launch of new products, agreement, partnership, collaborations, and
joint ventures are the industry trends that are playing a major role in the market growth.
Companies such as Acelity, Baxter International, 3M, Smith & Nephew and Johnson &
Johnson that are ahead of other companies are considered to be leaders in this space with
their marketed products and strong pipelines. Acelity and Smith & Nephew are leading in
negative pressure wound therapy market while, Acelity and Organogenesis are major
players in biological products. Some of the new and small entrants are trying to work on
secondary wound closure products, as most of the established players are with primary
wound closure products to achieve competitive advantage.
Emerging players of this market includes Organogenesis (U.S.), Kerecis (Iceland),
Stratatech Corporation (U.S.), Nuo therapeutics (U.S.), Ackermann Instruments (Germany),
The medicine company (U.S.), Derma Sciences (U.S.), Assut Medical Sarl (Switzerland),
Dolphin Sutures (India).
Major players in the wound closure and advanced wound care global market Smith &
Nephew (U.K.), Johnson and Johnson (U.S), Medtronic (Ireland), 3M healthcare (U.S),
Acelity, Ltd. (U.S.), Coloplast (Denmark), C.R.Bard (U.S.), Baxter International
IQ4I Research & Consultancy Pvt. Ltd. Page 4
Wound Closure & Advanced Wound Care Global Market
–Forecast to 2023
(U.S.),Cardinal Health (U.S.), Integra life science (U.S.) and B. Braun Melsungen AG
(Germany).
Reasons for buying this report:
 Identification and analysis of the wound closure & advanced wound care market
segments by products, applications, end-users and geography
 Analysis of the global market by identifying various sub-segments of the wound
closure & advanced wound care products
 Revenue forecast of the wound closure & advanced wound care market and strategic
analysis of each submarket with respect to individual growth trends
 Revenue forecast of the wound closure & advanced wound care market with respect
to North America (U.S. & Others), Europe (Germany, Italy, U.K. & Others), Asia-
Pacific (India, China, Japan & Others), Rest of the World (RoW) (Brazil, Rest of
LATAM and Middle East & Others).
 Identification of the major market trends and factors driving or inhibiting the growth of
the wound closure & advanced wound care global and its various sub-markets
 Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market
 Analysis of the market share of the key players, porters five force model and
technological advancements of the wound closure & advanced wound care market
 Analysis of the regulatory bodies guiding the manufacturers, reimbursement scenario
and supply chain of the wound closure & advanced wound care market
 Analysis of key players in wound closure & advanced wound care global market and
product category details of their product offerings, revenues, business strategies and
SWOTs
 Established and Emerging players (144) and their product offerings.
IQ4I Research & Consultancy Pvt. Ltd. Page 5
Wound Closure & Advanced Wound Care Global Market
–Forecast to 2023
FIGURE 1
WOUND CLOSURE & ADVANCED WOUND CARE GLOBAL MARKET
SEGMENTATION
Wound Closure & Advanced Wound Care Global Market
Primary wound
closure
Wound closure
strips
Staples
Ligating Clips
Sutures
Biologics
By Products
Secondary
wound closure
Burns
By Applications
Surgical Sutures
Adhesives and
sealants
Energy based
devices
Automated
suturing devices
Hyperbaric
oxygen therapy
HospitalsUlcers
Surgical wounds
Trauma &
Laceration
Radionecrosis
By End Users
Community
health services
Home
Healthcare
Pressure Ulcers
Diabetic foot
Ulcers
Venous leg
Ulcers
Arterial Ulcers
Orthopaedic
Surgery
Oncology
Surgery
Urology Surgery
ENTSurgery
Neuro and Spine
Surgery
Cardio Vascular
Surgery
General Surgery
Obstetrics &
Gynaecology
Plastics &
Reconstruction
Therapy based
devices
Negative
pressure wound
therapy
Growth Factors
Skin Grafts
Haemostats
Fibrin sealants
Albumin sealants
Natural Sealants
Collagen
sealants
Absorbable
Non-absorbable
Other sealants
Synthetic
sealants
Cyanoacrylate
sealants
Polymer based
sealants
Fibrin sealant
Flowable
Haemostats
Active
Haemostats
Mechanical
Haemostats
Moist wound
therapy
Pressure relief
device

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Wound Closure & Advanced Wound Care Global Market estimated to be worth $25,268.9 billion by 2023

  • 1. IQ4I Research & Consultancy Pvt. Ltd. Page 1 Wound Closure & Advanced Wound Care Global Market –Forecast to 2023 Wound Closure & Advanced Wound Care Global Market estimated to be worth $25,268.9 billion by 2023 IQ4I Research & Consultancy published a new report on “Wound Closure & Advanced Wound Care Global Market – Forecast To 2023” This report analyzes and studies the overall market, major drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and Rest of the World IQ4I’s Report Contains 178 market data tables and 76 figures spread through 478 pages and an exhaustive TOC on “Wound Closure & Advanced Wound Care Global Market [PRODUCTS (Primary Wound Closure (Surgical sutures, ligating clips, wound closure strips, Staples, Sealants & Adhesives and Haemostats) and Secondary Wound Closure (Therapy based devices, Energy based devices, Biologics, Moist wound therapy), APPLICATIONS (Burns, Ulcers (Pressure ulcers, Arterial ulcers, Diabetic foot ulcers, Venous leg ulcers), Surgical Wounds (General surgery, Cardio vascular surgery, Neuro & spine surgery, ENT, Urological surgery, Oncology, Orthopedic surgery, Obstetrics & Gynaecology and Plastics, cosmetics & reconstruction), Trauma Lacerations and Radionecrosis), END-USERS (Hospitals, Community Healthcare and Home Healthcare), GEOGRAPHY (North America, Europe, Asia-Pacific and Rest of the World)]. This report analyzes the Wound closure & advanced wound care global market in terms of market revenue ($ million) for all segments and it enables wound closure & advanced wound care stakeholders such as wound closure & advanced wound care product manufacturers, wound closure & advanced wound care distributors and wholesalers, OEM (Original Equipment Manufacturers)/contract manufacturers, community healthcare and hospitals, various research and consulting firms, group purchasing organizations (GPOs) and healthcare Industries to identify and analyze market expansion opportunities, upcoming technologies and competition in wound closure & advanced wound care global market. The wound is a breakdown in the protective function of the skin and loss of connectivity of epithelium by intentional or unintentional purpose that needs to be closed using different wound care products depending on the condition and span of the wound. Types of wound closure products like primary closure products are used in closure of fresh and acute wounds, whereas, secondary closure products are used in closure of chronic wounds. Primary wound care products are mainly used in surgical and trauma laceration applications
  • 2. IQ4I Research & Consultancy Pvt. Ltd. Page 2 Wound Closure & Advanced Wound Care Global Market –Forecast to 2023 and secondary wound care products in burns, ulcers, radionecrosis and others. These wound closure and advanced wound care products are mainly used in therapeutic procedures to avoid complications and enhance patient safety. According to IQ4I analysis, the wound closure and advanced wound care global market is expected to reach $25,268.9 million by 2023. Increasing incidence of aging population and prevalence of lifestyle diseases, increase in surgical procedural volume, increase in prevalence of chronic wounds and government initiatives are some of the factors driving the wound closure and advanced wound care market. Demand for biologics, emergence of technically advanced products and acquisition to open an array of opportunities for market to flourish are some of the opportunities for wound closure and advanced wound care market. However, lack of trained professional in handling the sophisticated advanced wound care techniques, expensive sealants and glues impeding effective penetration in low and middle income countries are some of the factors hampering the market growth. The wound closure and advanced wound care global market is mainly segmented by products, applications, end-users and by geography. The wound closure and advanced wound care global market by the product is segmented into primary wound closure and secondary wound closure. The primary wound closure product segment accounted for the largest share in 2016. Based on applications, market is segmented into burns, ulcers, surgical wounds, trauma lacerations and radionecrosis. Ulcers are expected to grow at a strong CAGR from 2016- 2023, due to increase in aging population and lifestyle diseases. Among the various end users of the wound closure and advanced wound care market hospitals generated the largest revenue in 2016, due to usage of wide range of primary and secondary wound closure products which enhances patient safety thus driving the market growth rate. Wound Healing Foundation (U.S.) along with the partnership with Wound Reach Foundation, that works with an aim of improving the quality of life for wound healing patients and their families through support of awareness, research and education has announced the research grant of $2,500 for the year 2017 to stimulate clinical research in wound healing. Advancements in technology includes nanotechnology wound closure, skin substitutes, gene therapy, low level laser therapy, growth factors, Top closure 3S system, 3D printed skin for
  • 3. IQ4I Research & Consultancy Pvt. Ltd. Page 3 Wound Closure & Advanced Wound Care Global Market –Forecast to 2023 burn wounds, RECELL and various types of surgical sutures. One of the emerging trend in this market includes growth factors, these are the substances that are used to stimulate the growth and proliferation of the cells involved in wound healing and reduction of inflammation, these cells are secreted by the body and these factors influence the growth of wound healing cells by increasing their numbers, thus resulting in faster wound healing. Presently growth factors are most oftenly used in patients with chronic and non-healing wounds such as chronic venous leg ulcers and diabetic foot ulcers. Cutimed Epiona developed by BSN Medical is a new VLU integrated solution that features a process of removing exudates and bacteria, reducing edema and preventing recurrence of chronic wounds. This product involves BSN’s DCC technology for infection management and it’s a type of native collagen that helps to rebuild the tissue. Developed regions such as North America commanded the largest market share in 2016 due to high investments in healthcare infrastructures, availability of government funds improved market growth in this region. However, Asia-pacific region is expected to grow at the highest CAGR from 2016-2023 due to increased healthcare awareness, improved economic growth, and increasing awareness among the people about the impact of chronic wounds. Significant launch of new products, agreement, partnership, collaborations, and joint ventures are the industry trends that are playing a major role in the market growth. Companies such as Acelity, Baxter International, 3M, Smith & Nephew and Johnson & Johnson that are ahead of other companies are considered to be leaders in this space with their marketed products and strong pipelines. Acelity and Smith & Nephew are leading in negative pressure wound therapy market while, Acelity and Organogenesis are major players in biological products. Some of the new and small entrants are trying to work on secondary wound closure products, as most of the established players are with primary wound closure products to achieve competitive advantage. Emerging players of this market includes Organogenesis (U.S.), Kerecis (Iceland), Stratatech Corporation (U.S.), Nuo therapeutics (U.S.), Ackermann Instruments (Germany), The medicine company (U.S.), Derma Sciences (U.S.), Assut Medical Sarl (Switzerland), Dolphin Sutures (India). Major players in the wound closure and advanced wound care global market Smith & Nephew (U.K.), Johnson and Johnson (U.S), Medtronic (Ireland), 3M healthcare (U.S), Acelity, Ltd. (U.S.), Coloplast (Denmark), C.R.Bard (U.S.), Baxter International
  • 4. IQ4I Research & Consultancy Pvt. Ltd. Page 4 Wound Closure & Advanced Wound Care Global Market –Forecast to 2023 (U.S.),Cardinal Health (U.S.), Integra life science (U.S.) and B. Braun Melsungen AG (Germany). Reasons for buying this report:  Identification and analysis of the wound closure & advanced wound care market segments by products, applications, end-users and geography  Analysis of the global market by identifying various sub-segments of the wound closure & advanced wound care products  Revenue forecast of the wound closure & advanced wound care market and strategic analysis of each submarket with respect to individual growth trends  Revenue forecast of the wound closure & advanced wound care market with respect to North America (U.S. & Others), Europe (Germany, Italy, U.K. & Others), Asia- Pacific (India, China, Japan & Others), Rest of the World (RoW) (Brazil, Rest of LATAM and Middle East & Others).  Identification of the major market trends and factors driving or inhibiting the growth of the wound closure & advanced wound care global and its various sub-markets  Analysis of the opportunities for stakeholders by identifying the high-growth segments of the market  Analysis of the market share of the key players, porters five force model and technological advancements of the wound closure & advanced wound care market  Analysis of the regulatory bodies guiding the manufacturers, reimbursement scenario and supply chain of the wound closure & advanced wound care market  Analysis of key players in wound closure & advanced wound care global market and product category details of their product offerings, revenues, business strategies and SWOTs  Established and Emerging players (144) and their product offerings.
  • 5. IQ4I Research & Consultancy Pvt. Ltd. Page 5 Wound Closure & Advanced Wound Care Global Market –Forecast to 2023 FIGURE 1 WOUND CLOSURE & ADVANCED WOUND CARE GLOBAL MARKET SEGMENTATION Wound Closure & Advanced Wound Care Global Market Primary wound closure Wound closure strips Staples Ligating Clips Sutures Biologics By Products Secondary wound closure Burns By Applications Surgical Sutures Adhesives and sealants Energy based devices Automated suturing devices Hyperbaric oxygen therapy HospitalsUlcers Surgical wounds Trauma & Laceration Radionecrosis By End Users Community health services Home Healthcare Pressure Ulcers Diabetic foot Ulcers Venous leg Ulcers Arterial Ulcers Orthopaedic Surgery Oncology Surgery Urology Surgery ENTSurgery Neuro and Spine Surgery Cardio Vascular Surgery General Surgery Obstetrics & Gynaecology Plastics & Reconstruction Therapy based devices Negative pressure wound therapy Growth Factors Skin Grafts Haemostats Fibrin sealants Albumin sealants Natural Sealants Collagen sealants Absorbable Non-absorbable Other sealants Synthetic sealants Cyanoacrylate sealants Polymer based sealants Fibrin sealant Flowable Haemostats Active Haemostats Mechanical Haemostats Moist wound therapy Pressure relief device