Wound Closure Devices Market to 2019 - New Product Launches and Favorable Clinical Outcomes for Tissue Sealants and Hemostats Drive Physician Adoption By GBI Research
Wound Closure Devices Market to 2019 - New Product Launches and Favorable Clinical Outcomes for Tissue Sealants and Hemostats Drive Physician Adoption By GBI Research
Wound Closure Devices Market to 2019 - New Product Launches and Favorable Clinical Outcomes for Tissue Sealants and Hemostats Drive Physician Adoption By GBI Research
1. Wound Closure Devices Market to 2019 - New Product
Launches and Favorable Clinical Outcomes for Tissue Sealants
and Hemostats Drive Physician Adoption
GBI Research
Report Highlight
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3. Cosmetic Surgery Popularity to Push Global Wound Closure Devices Revenue to $4.7 billion by 2019
A global increase in the number of surgeries and a shifting preference towards more advanced technologies will
play a key role in driving the wound closure devices market by the end of the decade, says a new report from
business intelligence provider GBI Research.
According to the company’s latest report*, the global wound closure devices market will increase at a
Compound Annual Growth Rate (CAGR) of 5% between 2012 and 2019, reaching a value of $4.7 billion by the
end of the forecast period The US is expected to remain the largest consumer, due mainly to the rising
popularity of aesthetic surgeries, which demand devices that minimize the chance of scarring and post-surgical
infection.
Traditional wound closure techniques involve the use of sutures, commonly known as stitches, while modern
methods comprise staples, adhesives, hemostats and sealants. Their primary function is to close a wound, both
internally and externally, and stop bleeding through hemostasis, which stops the blood flow through
solidification.
“Cosmetic surgery is one of the fastest growing types of surgical procedure,” says Rashmi Nishtala, analyst at GBI
Research. “Tissue sealants and hemostats are emerging as the preferred wound closure method in this sector, as
they ensure a positive aesthetic outcome, offering not only rapid hemostasis, but also minimizing chances of
scarring or surgical site infections when compared with traditional wound closure devices.
GBI Research states that increase of orthopaedic procedures will also boost the wound closure devices market.
In the US alone, procedures such as knee replacements, spinal fusions and hip replacements have experienced a
cumulative growth of 84%, 96% and 33%, respectively, from 1997 to 2009.
4. View This Report
“Orthopaedic procedures have proved to be instrumental in the rapid uptake of wound closure
devices as they are more complicated and are associated with longer operating times,” says
Nishtala. “The more effective hemostasis offered by modern devices can reduce the operating
times, improve surgical outcomes, and also bring down overall associated medical costs.
However, states the report, the increase in minimally invasive surgical procedures could hinder the
growth of some wound closure devices such as ligating clips and staplers, with patients preferring
to avoid traditional open surgery where possible.
* Wound Closure Devices Market to 2019 - New Product Launches and Favorable Clinical Outcomes
for Tissue Sealants and Hemostats Drive Physician Adoption
This report looks at the market, competitive landscape, and trends for the five wound closure
devices market segments: mechanical stapling devices, hemostats, tissue sealants, ligating clips,
and wound closure strips. It provides comprehensive information on the key trends affecting these
segments, and key analytical content on the market dynamics. The report also reviews the
competitive landscape, analyzes each segment’s pipeline products and gives details of important
M&A deals.
This report was built using data and information sourced from proprietary databases, primary and
secondary research, and in-house analysis conducted by GBI Research’s team of industry experts.
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