The global market for wound closure and securement products is expected to grow at a compound annual rate of 6.7% over the next five years. The market encompassing the major European countries (i.e., Germany, United Kingdom, France, Italy, Spain and Benelux), will grow at a compounded annual growth rate of 7.1%. For the major Latin American markets, the total market is expected to grow at the more aggressive rate of 8.4%. This compares to a compounded annual growth rate (2010–2015) in the United States of 6.7%, 5.8% in Japan, and 5.3% in the “Rest of World” segment.
Markets for securement products — sutures, staples, mechanical closure, mechanical closure, tapes, hemostats, fibrin and other sealants, high-strength medical adhesives, and post-surgical adhesion prevention — are detailed in the MedMarket Diligence Report #S180, “Worldwide Surgical Sealants, Glues, Wound Closure and Anti-Adhesion Markets, 2008-2015”.