Wound Care Market Information
| The management of patients with non-healing wounds imposes a significant burden on health care systems around the world. Much of this money is spent in simply managing the patient rather than healing the wound. There is a clearly a significant unmet clinical need.
Biofisica estimates the 2005 global wound care market at $12 billion with advanced wound care products representing 11% of the total or $1.3 billion. Advanced wound care is one piece of the total wound care market which is divided into four broad segments: wound closure (sutures, staples, and professional fees), wound management (gauze, tape, and solutions), advanced wound care products (alginates, films, foams, gels) and grafts.
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| Frost & Sullivan reports the majority of the advanced wound care market resides in Europe due to Europe’s aging population accounting for a disproportionate number of chronic wounds and a higher penetration of advanced wound care products versus the United States. Figure 2 depicts the market geographically. Biofisica estimates 50 percent of the advanced wound care market is in the European community with the remainder split equally between the United States and the rest of the world (ROW). |
A strong sales and marketing organization is being built in the UK, the primary launch market. It is forging solid partnerships with wound care professionals that will enable Biofisica to ensure wide access to this new technology, and aims to provide long lasting benefits to patients with non-healing wounds.
