Poor Us: The Great Depression 2.0

March 7, 2009

We’re going to need a bigger band aid to cover the “wound market”

Filed under: Harbinger, Uncategorized — Tags: , , — debacled @ 7:35 pm

Greed by mscottsart via Deviantart.comThose Wall St. fat cats may have outfoxed themselves this time (again?). Since the collapse of the economy (thanks to the aforementioned’s hi jinx) we impoverished civilians have less  money to squander on food and booze, which means that far fewer of us will become “obese diabeticswho develop ulcers on the soles of their feet that do not heal, a condition that can become severe enough to require amputation,” thereby creating “a potentially huge market for innovative skin replacement products”

If  it were me,  I’d be investing all my ill-gotten gold in a technology that reconfigures cold hard cash into something useful like food or water for “the potentially huge market” in life sustaining “replacement products” I’d be happy to have when the  real ones run out. But then, it’s not me, it’s just my money, and the guys who have it are bullish on suppurating wounds.


Still Growth Despite Recession in Skin Ulcer Treatment Market

“There are many markets that will be impacted by the current economic climate, but the treatment of wounds is not one of them, according to a healthcare market research publisher’s latest report on the wound care industry. In the skin ulcer segment of the wound care industry, there are rapid changes as new products and devices enter the market. Estimates compiled by Kalorama Information and published in “Wound Care Markets, 4th Edition, Vol. I: Skin Ulcers” valued the market at $5 billion in 2008 and with annual growth of 8% through 2013 despite the current recession.

These new therapies will result in shorter healing times and hence cost savings. They will also increasingly focus on special populations, especially diabetics and the obese. Smith & Nephew reports that about 1.5 million diabetics per year develop ulcers on the soles of their feet that do not heal, a condition that can become severe enough to require amputation. So there is a potentially huge market for innovative skin replacement products.”

via MSNBC

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