Global Wound Closure Market by product type,
application, end user and by Geography - Trends and
Forecast to 2025
Wound is circumscribed injury caused by an external force, which involves injury to any tissue
or organ. On the basis of severity of injury, wounds are classified into acute and chronic
wounds. Wounds imposes significant impact on the health of patients, which leads to pain, loss
of function and mobility, depression, anxiety, and stress. According to the National Health
Services (NHS), England, annual cost of maintaining wounds and associated disease conditions is
US$ 6.60 billion in the U.K. In 2016, around 2.2 million population accounted to have wound
and about 30% wounds lacked the diagnosis treatment in the U.K. by General Physician (GP)
report. Pressure ulcer account for around US$ 1.7 million to US$ 2.6 million annually in the
U.K., which is same as 4% of total NHS expenditure in 2016.
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The global wound closure market is estimated to be valued at US$ 1.4 Billion in 2017 and is
expected to witness a CAGR of 7.1% during the forecast period (2017 – 2025).
Increasing prevalence of diabetes and diabetes associated ulcers are expected to fuel the growth
of market
Diabetes foot ulcer is major cause of disability, morbidity and mortality among diabetes patients
and estimated that 15% of all people with diabetes are expected to suffer from an ulcer at some
stage of their life. The increased rate of diabetes and associated diabetes foot ulcers are
expected to boost the growth of the wound closure market over the forecast period. According
to the International Diabetes Federation (IDF) Diabetes Atlas 2017, diabetes is among the top
ten causes of mortality globally. Diabetes along with major chronic diseases such as
cardiovascular disease, cancer and respiratory disease, accounted for 80% of all premature NCD
deaths worldwide. Moreover, around 425 million (8.8%) people worldwide, which includes
adults of 20-79 year age are estimated to have diabetes. In addition, in 2016, around 87% to