Analysis from In a release,
The wound closure market earned revenues of
The wound care study covers traditional wound dressings, moist wound dressings, silver and non-silver antimicrobial dressings, active therapies, and negative pressure wound therapy. The wound closure market encompasses sutures, mechanical wound closure devices, wound closure strips, energy-based closure devices as well as tissue sealants, haemostats and skin adhesives.
Moist wound care dressings and anti-microbial silver dressings, in particular, will gain popularity in countries like
"NPWT is another advanced technology that has received wide attention owing to its effectiveness on burns, diabetes ulcers and infections," saidFrost & Sullivan Healthcare Consultant Poornima Srinivasan. "Application of reusable NPWT at home and disposable NPWT in hospitals is expected to gain wide acceptance, mainly in
Currently, the adoption of NPWT is mainly driven by the private sector, since the high cost of the technology limits uptake in the public sector. Healthcare institutions in developed economies are making one-time NPWT investments in chronic ulcer patients to boost long-term cost-efficiency. Similarly, with minimally invasive surgeries on the rise, the market for mechanical wound closure devices, tissue sealants and hemostats will grow.
The availability of better reimbursements will also encourage adoption of advanced wound care solutions. Currently, several developing and emerging economies do not offer reimbursements for advanced wound care products and modern wound closure devices, while countries like
Finding a cost-competitive distribution strategy is vital to guarantee revenues in the region for now. Suppliers must offer discounts to bulk buyers and aggressively market the cost versus product benefit to hospitals and patients. Nurses especially are a crucial point of contact as they can influence patient decisions.
"However, scarcity of skilled medical personnel itself is a challenge that will require government intervention in the form of sponsorships for medical students," said Srinivasan. "Regulations that encourage greater foreign investments and collaboration in the wound care and wound closure domain too will aid market development."
ConvaTec, a US-based medical technology company, with the
Analysis of the Wound Care and Wound Closure Market in
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In a release,