Skin ulcer wound-care market tops $2.5 billion
NEW YORK - The worldwide market for wound care products aimed at the care of skin ulcers topped $2.5 billion in 2002, according to a new study released last month from Kalorama Information. The United States generates roughly 60% to 65% of that $2.5 billion, and as much as 75% of the high-tech wound care products (biologicals and moist dressings). When it comes to more mature products like pressure relief mattresses, anti-infective products and gauzes, the United States accounts for about 50% of the total, said Steven Heffner, a Kalorama editor. Strong growth in newer technologies has been the main driver of increased revenues, according to Kalorama.
Reynolds Drug turns to orthopedics, wellness
ORVILLE, Ohio - With the market for prescription drugs reaching the saturation point and margins not what they used to be, Reynolds Drugs hopes its entry into orthopedics and wellness products provides a desired shot in the arm. Currently, Reynolds does about 95% of its business in prescription drugs, according to owner John Reynolds. The four-employee pharmacy, which does about $1million in sales annually, hopes a television commercial in June announcing the transition will boost sales. “We want to reintroduce the store and what we do,” Reynolds said.
Obese Americans fuel healthcare spending
YARMOUTH, Maine - An increase in the number of overweight and obese Americans has contributed to the nation’s mounting healthcare costs, accounting for $92.6 billion in annual medical spending for 2002, according to a recent study. The number of overweight and obese Americans has increased 12% and 70%, respectively, over the past decade. Annual medical expenditures for obese adults are $395 or 36% more per capita than those of normal weight, according to a May 14th article in Health Affairs.