Wound closure devices market to hit a value of $4.7 billion by the end of 2019

Press release   •   Aug 13, 2013 13:55 BST

The wound closure devices market has been forecast to increase at a compound annual growth rate (CAGR) of 5% over the next six years, reaching a value of approximately $4.7 billion by the end of 2019.

According to a recent report, 'Wound Closure Devices Market to 2019,' 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.

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.

When selecting a wound closure device, it is critical to consider the specific healing requirements for the type of tissue being repaired.

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.

Sutures are very effective but unsuitable for use on thin or delicate skin, and are less suited to use in children who may be too frightened to comply with this form of treatment.

Staples are useful for rapid wound closure but are prone to causing scarring and tissue trauma, and are therefore only suitable where speed of closure trumps cosmesis (such as heavily bleeding scalp wounds).

Tissue adhesives offer rapid and atraumatic wound closure but have insufficient tensile strength for gaping wounds, and due to being water soluble are only suited to wounds that are not bleeding.

The increase of orthopaedic procedures will 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.

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.

For more information on the wound closure devices market, see the latest research: Wound Closure Devices Market

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