Wound Closure Products Market
The increasing incidence of road accidents is one of the major factors fueling the demand for wound closure products around the world. The wounds caused due to accidents are usually exposed to debris, soil, bodily fluids, and microbes. Moreover, these wounds often result in tissue loss, which subsequently extends the body’s healing process. Apart from the rising prevalence of road accidents, the increasing occurrence of burn cases is also positively impacting the demand for wound closure products around the world.
Bases on type, the wound closure products market is categorized into sutures, hemostats, surgical staples, adhesives and tissue sealants, and wound closure strips. Among these, sutures held the largest share in the market in 2015. The market demand for sutures is primarily driven by the increasing incidence of chronic wounds and rising volume of surgeries across the globe.
According to the American Burn Association (ABA), the U.S. witnessed nearly 486,000 burn injuries in 2011. Surgical intervention is usually required for healing these injuries. As wound closure products are heavily used in surgical procedures for closing the wounds caused due to surgical incisions, the growing incidence of burn cases is propelling their worldwide demand. Wound closure products assist in the management of wounds in both external and internal surgical applications.
Growing prevalence of chronic wounds
The growing prevalence of chronic wounds is also fueling the sales of wound closure products around the world. This is because surgical intervention is usually required for treating chronic wounds such as pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Due to these factors, the demand for wound closure products is surging sharply across the world. This is, in turn, driving the advancement of the global wound closure products market.
Sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats are the major types of wound closure products used all over the world. Out of these, the demand for sutures was found to be the highest during the last few years. This was ascribed to the huge prevalence of chronic wounds and surgeries across the world. General, cardiovascular, orthopedic, gynecological, and ophthalmic surgeries are the biggest application areas of wound closure products.
Out of these, the requirement for these products was observed to be the highest in cardiovascular diseases in the years gone by. This was credited to the high incidence of cardiac surgeries, because of the widespread prevalence of various heart diseases all over the world. Across the globe, the sales of wound closure products were the highest in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India.
Surge in demand
On the other hand, the demand for these products is predicted to surge sharply in the Asia-Pacific (APAC) region in the forthcoming years. This will be a result of the growing incidence of road accidents, chronic wounds, and burn cases and the rising requirement for surgical procedures in the regional countries. Moreover, the soaring healthcare expenditure, especially in India and China, is also bolstering the demand for wound closure products in the region.
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Hence, it is safe to say that the demand for wound closure products will rise enormously all over the world in the upcoming years, primarily because of the increasing number of surgical procedures and the growing incidence of road crashes and burn cases all over the world.