December 7, 2007 - Driven by an aging population and continued advances in biotechnology, the worldwide surgical and trauma wound treatment market is expected to post a compound annual growth rate of 5.5 percent and grow to $7 billion by 2011, according to “Wound Care Markets, Volume III: Surgical and Trauma Wounds,” a new report released this week by Kalorama Information.
With more than 100,000 surgeries performed daily in the U.S. alone and millions performed annually worldwide, surgical and trauma wounds are, by far, the most common types of wounds addressed in the wound care area, and the aging world population has created increased demand for all types of surgical intervention, particularly cardiovascular, orthopedic, urological, and dermatological procedures.
As a result, the reports states the surgical and trauma wound treatment market grew nearly 70 percent between 2001 and 2006 with conventional, mature products generating the majority of sales. Although the market has experienced its ups and downs - due primarily to demographic conditions, cost constraint measures, and product availability - Kalorama Information projects the market will continue to expand, with growth for the forecasted period likely coming from new therapies and emerging technologies that decrease healing times, provide cost savings, and improve patient care.
“In order to remain competitive, manufacturers must have a clear insight into physician usage patterns and recent market movements to make perceptive business decisions,” said Mary Anne Crandall, the report’s author. “Competitors that offer traditional mature products must look for ways to incorporate advanced wound care products for speeding healing with their existing products or to improve the existing products significantly to remain competitive with emerging technologies.”
The study focuses on the world market for six product categories: wound closure, anti-infectives, surgical and trauma wound management, moist dressing, biological dressings, and miscellaneous treatments. The report analyzes products in development and on the market, leading competitors, and current issues and trends affecting the industry.
For more information: www.kaloramainformation.com/Wound-Care-Edition-1399493, www.MarketResearch.com