Our latest research report entitled Wound Dressings Market (by type (advanced, traditional wound dressing), by application (diabetic foot ulcers, pressure ulcers, venous ulcers, surgical wounds, burns), by end user (inpatient facilities, outpatient facilities)) provides complete and deep insights into the market dynamics and growth of wound dressings.
The latest information on market risks, industry chain structure wound dressings cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential wound dressings growth factors. The global wound dressings market is expected to grow at a CAGR of 5.5% over the forecast period of 2017 – 2023.
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Wound dressings are used to clean, cover, and protect the wound from the external environment. These dressings provide the optimum conditions for wound healing, while protecting the wound from further trauma and pathogenic infections.
Rising Chronic of Chronic Wound is the Major Driving Factor for the Growth of the Wound Dressings Market
The rising chronic of chronic wound is the major driving factor for the growth of the wound dressings market. According to the U.S. National Institutes of Health, chronic wounds affect 6.5 million people in the U.S. and the numbers is likely to increase over the timeframe. In addition, the demand for wound dressings is rapidly rising owing to the increasing health care costs, an aging population and a sharp rise in the incidence of diabetes and obesity worldwide.
Wound dressings are mainly employed to prevent bulk loss of tissue and they are effective against chronic wounds such as chronic burn wounds, and diabetic, decubitus and venous stasis ulcers. However, the lack of awareness about sterile wound care in underdeveloped nations and low adoption of advanced wound dressings are likely to hamper the growth of the wound dressings market in certain regions. Moreover, the recent advances in polymer-based wound dressings for the treatment of diabetic foot ulcer is anticipated to provide beneficial opportunities for the wound dressings market.
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Segments Make up the Wound Dressings Industry
The report on global wound dressings market covers segments such as application, type, and end user. The application of wound dressings includes diabetic foot ulcers, pressure ulcers, venous ulcers, surgical wounds, burns, and others. The surgical wounds segment holds a significant market share owing to the rise in the number of several chronic diseases as well as the increasing occurrences of road accidents. However, the diabetic foot ulcers are expected to grow at the highest CAGR owing to the rising incidences of diabetes and the growingcomplications associated with it over the forecast period.
Based on the type, the global wound dressings market is bifurcated into advanced wound dressings, and traditional wound dressing. The advanced wound dressings are anticipated to hold a significant share in the wound dressings market. The growing use of advanced wound dressings such as hydrocolloid, hydrogel, alginate, collagen and foam dressings for wound care contributes to the growth of this segment in the wound dressings market.
The end user segment is further categorized into inpatient facilities, and outpatient facilities. The inpatient facilities hold the dominant share in the wound dressings market. The prevalence of acute and chronic wounds needing inpatient care is increasing across the globe that contributes to the growth of inpatient facilities segment over the forecast period.
North America Dominated the Insulin Delivery System Market
North America dominated the insulin delivery system market in 2018. America’s insulin delivery system market is projected to reach USD X.X million in 2024, growing at a CAGR of X.X% over the period of 2019 to 2025. The growth in this region is mainly due to the high prevalence of diabetic patients and the growing elderly population.
Moreover, high per capita expenditure on healthcare and high disposable income are promoting the growth of the wound dressings market. In U.S., more than US$25 billion is spent annually on treatment of chronic wounds. Asia Pacific region is expected to grow at the fastest CAGR over the forecast period owing to the rising cases of chronic wounds due to the rising incidents of road accidents and increasing occurrences of diabetes in this region.
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Key Players in the Wound Dressings Industry
The wound dressings market is a fragmented market. The major players in the global wound dressings market include Covidien PLC, Smith and Nephew PLC, Integra Lifesciences Holdings Corp., Derma Sciences, Inc., Convatec, Inc, Coloplast Corp., Organogenesis Inc., Medline Industries, Inc., Acelity L.P., Inc., and Mölnlycke Health Care among others. The companies are focusing on product innovations and the upgradation in their product offerings. In 2018, Smith & Nephew launched PICO 7 an advanced wound dressing that provides optimal comfort, performance and better wound care.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the wound dressings.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.