Surgical and Trauma Wound Care Market
By HospiMedica staff writers
Posted on 20 Dec 2007
Driven by an aging population and continued advances in biotechnology, the worldwide surgical and trauma wound treatment market is expected to continue growing, according to a new report by Kalorama Information (New York, NY, USA).Posted on 20 Dec 2007
With millions of surgeries 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. Kalorama Information projects that the market will continue to expand, with further growth 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 report author analyst Mary Anne Crandall. "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.”
According to the report, the surgical and trauma wound treatment market grew nearly 70% between 2001 and 2006 with conventional products generating the majority of sales. Kalorama Information expects that the worldwide surgical and trauma wound treatment market will post a compound annual growth rate of 5.5% and grow to US$7 billion by 2011.
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