Wound care market to pass $5 billion by 2009

Sunday, July 31, 2005

NEW YORK -- The world market for products to treat skin ulcers will grow at nearly 10% per year to surpass $5 billion by 2009, according to a new report from Kalorama Information. The increasing elderly population, the availability of new therapeutic techniques, and the recent cost-driven focus on wound care management and prevention are driving the growth. The study found that some segments of products, such as biological dressings, are in the infant stages and wide open for development and tremendous growth. "The opportunities in skin ulcer treatment are very exciting, but the competition is fierce," said the author of the report. "Manufacturers must keep abreast of emerging products, the latest reimbursement changes, and constantly shifting physician usage patterns."