Wound Closure Products Market To Register Growth Because Of Rising Number Of Burn Cases

By Author: Pramod Kumar
Total Articles: 97
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According to P&S Intelligence, the market generated revenue of $9,517.1 million in 2015. Wound closure products are used to manage several types of wounds because they prevent blood loss and infections and expedite the healing process.

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The rising incidence of road accidents is the major driving force behind the wound closure products market growth. Wounds caused during such accidents often result in tissue loss, which can be healed through wound closure products. The World Health Organization (WHO) states that approximately 20–50 million people suffer non-fatal injuries and nearly 1.35 million people in the world die due to road accidents every year. The organization also mentions that road accident injuries are the leading cause of fatality among children and young adults aged 5–29 years.

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Geographically, the North American region accounted for ...
... the largest share in the wound closure products market during 2012–2015 (historical period). This was due to the rising number of burn cases, growing incidence of road accidents, and increasing volume of surgeries. According to the American Burn Association, nearly 486,000 burn injuries are treated in the U.S. every year. The Asia-Pacific (APAC) region is expected to exhibit the fastest growth during the forecast period.

Thus, the booming cases of road accidents and increasing incidence of burn injuries will augment the demand for wound closure products in the foreseeable future.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.