Global demand to rise 5.3% annually through 2016
The Freedonia Group projects world demand for wound management products
increasing 5.3 percent annually to $38.6 billion in 2016. Based on the
advanced nature of medical delivery systems and the widespread insurance
coverage of residents for primary health care procedures, the United States,
Western Europe, and Japan will combine for nearly 60 percent of this total.
Demand in the developing countries as a whole will expand faster as the
availability and accessibility of basic health care services improve.
Wound closures to remain largest selling product group
Wound closures will remain the largestselling group of wound management
products, with world demand expanding 4.3 percent annually to $15.2 billion in
2016. Applications in surgery and trauma procedures, coupled with the
increasing availability of high value-added absorbable sutures and staples and
tissue sealants, will foster gains. By contrast, advances in minimally
invasive medical technologies will hold down overall growth in world demand
for wound closures, especially in the developed countries.
Increasing applications in the treatment of minor-to-moderate injuries will
boost global demand for bandages 4.5 percent annually to nearly $10 billion in
2016. Adhesive bandages and tapes will continue to command the largest share
of sales based on widespread use in first aid and sports medicine. Compression
and related bandages for the immobilization of orthopedic injuries will
command the greatest demand among other products in this group. Overall world
growth opportunities for bandages will be moderated by the multiple supplier
availability and limited pricing flexibility of most widely employed types.
Worldwide demand for wound dressings will increase 6.6 percent annually to
$5.7 billion in 2016. Broad indications in the treatment of surgical
incisions, minor-tomoderate burns, and acute and chronic skin abrasions,
lacerations, and ulcers will underlie gains. Infection prevention standards
promoting more frequent changing, coupled with the expanding availability of
advanced biological and synthetic products, will underlie the favorable global
projections for wound closures.
Bioengineered growth factors and negative pressure devices will realize the
fastest growth in demand among other wound management products. Both products
are effective in stimulating natural wound healing processes. As a result,
they will gain applications in the primary and secondary treatment of serious
This Freedonia industry study, “World Wound Management
Products“, presents historical demand data for the years 2001, 2006
and 2011, plus forecasts for 2016 and 2021 by type, region and major country.
The study also considers market environment factors, details global industry
structure, evaluates company market share, and profiles 41 industry