The wound closure products market size is set to reach $14.6 billion by 2022, growing at a CAGR of 6.3% between 2016-2022. The market is driven by factors such as growing geriatric population, increasing volume of surgeries, and increase in road accidents. In addition, increase in burn cases across the globe and increasing incidence of chronic wounds is also driving the growth of the market.
Request for Sample Copy of this Research Report: https://www.psmarketresearch.com/market-analysis/wound-closure-products-market/report-sample
The European wound closure market was valued at $2.8 billion in 2015 and is expected to grow at a CAGR of 5.9% between 2016-2022, to reach $4.2 billion by 2022. European wound closure products market is growing due to increase in aging population, diabetes cases, and obesity levels. Among the European nations, the German market for wound closure products is expected to grow at a CAGR of 6.6% during the forecast period, to reach $1.1 billion by 2022.
Companies in the wound closure products market are undergoing mergers and acquisitions to improve their market share. For instance, in August 2016, Derma Sciences Inc. completed the acquisition of privately held BioD LLC with an immediate transaction value of $21.3 million and a potential total transaction value of an estimated $77.8 million. This includes an upfront payment of cash and common stock of $21.3 million, as well as potential product regulatory milestone payments in aggregate estimated to be up to $30.0 million and earn outs based on incremental net sales growth of up to $26.5 million. BioD LLC is a biotechnology company involved in the development and commercialization of novel and biologic products. The acquisition has been made to expand Derma Sciences’ regenerative medicine and advanced wound care products portfolio.
Some of the key companies operating in the wound closure products market include 3M Company, Medtronic plc, Smith and Nephew plc, CryoLife Inc., DeRoyal Industries Inc., Pfizer Inc., Derma Sciences Inc., Johnson and Johnson, B. Braun Melsungen AG and Baxter International Inc.
GLOBAL WOUND CLOSURE PRODUCTS MARKET SEGMENTATION
- Thrombin Based
- Oxidized Regenerated Cellulose Based
- Gelatin Based
- Collagen Based
- Adhesives and Tissue Sealants
- Fibrin Based
- Collagen Based
- Cyanoacrylate Based
- Synthetic Polymer Based
- Albumin and Glutaraldehyde Based
- Surgical Staples
- Wound Closure Strips
- Cardiovascular Surgeries
- General Surgeries
- Gynecological Surgeries
- Orthopedic Surgeries
- Ophthalmic Surgeries
- Others Surgeries
- North America- U.S. and Rest of North America
- Europe- U.K., Germany, France and Rest of Europe
- Asia-Pacific – China, Japan, India and Rest of Asia-Pacific
- Rest of the World (RoW)- Brazil and Rest of Rest of the World
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Company Name: P&S Market Research
Contact Person: Abhishek
Email: Send Email
Address:347 5th Ave. #1402- 210
City: New York City
State: New York
Country: United States