May 06, 2011 11:08 ET

Wound Closure Market to Grow 5.8% Annually Over the Next 10 Years

ROCKVILLE, MD--(Marketwire - May 6, 2011) - has announced the addition of MarketStrat, Inc.'s new report "Wound Closure Products Markets Worldwide," to their collection of Wound Care market reports. For more information, visit

This report found that:

  • The world market for wound closure products (including hemostats, suture products, clips/staples, adhesives/sealants and tapes/strips) is estimated at over $6 billion in 2010, growing at a CAGR of about 5.8 percent over the next few years.
  • Primary drivers include rising rates of surgical procedures, in particular minimally invasive surgery, vascular procedures and plastic surgery.
  • Primary restraints include high costs of new generation products such as specialty adhesives/glues.
  • In emerging markets, an important restraint is the shortage of surgeons trained in minimally invasive surgery as well as access to these facilities. Surgeon training, skill and preference are important influencers in the choice of closure product for any given type of wound.
  • The market is characterized by several competing technologies and numerous small niche players who are slicing into the leaders' market share.
  • Ethicon and Covidien are the leaders in most wound closure segments. Others big players include B Braun (sutures), Baxter (adhesives) and 3M and Smith & Nephew (tapes/strips). Innovators to watch are CryoLife, GluStitch, Medafor, Thermogenesis and Advanced Medical Solutions as well as other niche players with highly specialized advanced biomaterials and synthetic adhesives.

For more information, visit

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