Global Wound Dressing Market Outlook
Wound Dressing By Type (Traditional, Advanced) By Product (Advanced (Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressing, Hydrogel Dressing, Collagen Dressing), Traditional (Artificial Skin & Skin Substitutes, Topical Agents, Wound closure products, Anti-infective dressings, Gauze, Lint, Plaster, bandages (natural or synthetic) and cotton wool)), By Geography (Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
The wound is a disruption of skin epithelial lining or mucosa which results in thermal or physical damage. Depending upon the healing nature and duration, a wound is classified into two types that is chronic wounds and acute wounds. Wounds can be caused because of the incisions made in the body during surgeries. A wound dressing is treating the wounds by both external and internal surgical procedures. Traditional wound dressings are used to treat acute wounds while advanced wound dressings are used to treat chronic wounds.
Global Wound Dressing market is majorly driven by advancements in the technologies and problems that are associated with traditional wound healing methods. Furthermore, increase in ageing of the population, government initiatives, and dire need of rapid and safe treatment for chronic wounds are also propelling the growth of the global Wound Dressing Market. A rise in \ prevalence of lifestyle disorders leads to chronic wounds like venous leg ulcer, pressure ulcer, diabetic foot ulcer is also booming the growth of wound dressing market globally. As per to the report of American Diabetes Association, In US about 1% to 4% of diabetic patients are affected by diabetic foot ulcers every year and as per to the Diabetes UK report 2015, a Prevalence rate of diabetic foot ulcers is about 2.5% of 86,000 people in the UK. However, high cost associated with the treatment, lack of awareness and reimbursement issues of new technologies are the few factors which are restraining the growth of the global wound dressing market.
The Global Wound Dressing Market is classified on the basis of product, type, end user, and geographical regions.
Based on Product, Global Wound Dressing Market is segmented as
- Advanced
-
- Hydrocolloid Dressing
- Foam Dressing
- Film Dressing
- Hydrogel Dressing
- Alginate Dressing
- Collagen Dressing
- Traditional
-
- Topical Agents
- Artificial Skin and Skin Substitutes
- Anti-Infective Dressings
- Wound Closure Products
- Gauze
- Plasters
- Lint
- Bandages
Based on Type, Global Wound Dressing Market is segmented as
- Traditional
- Advanced
Based on the End-user, Global Wound Dressing Market is segmented as
- Inpatient Facilities
- Home health care
- Outpatient Facilities
- Community Medical Centres
Global Wound Dressing Market is one of the most promising markets in the medical field. Major players in global Wound Dressing market are adopting various growth strategies such as collaborations and partnerships, acquisitions and mergers, product launches and investments on R&D activities. For Instance, In May 2013, TriStar Wellness Solutions, Inc. a health and wellness company signed the 3-year exclusive licensing agreement with Polytherapeutics, Inc. for its PharmaDur drug delivery technology, for OTC products focused on the treatment of specific skin conditions and wound care applications. On April 14, 2016, Integra Life Sciences Holdings Corporation and Vomaris Wound Care, Inc. entered into an agreement for marketing advanced wound care products
Geographically Global Wound Dressing Market is segmented as Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe. North America wound dressing market witnessed to dominate the global wound dressing market, owing to the rise in the incidence of injuries, increase in patient awareness, the presence of the large pool of geriatric population and growing prevalence of diabetes. As per to the 2011 report of American Burn Association, approximately 486000 burn injuries has taken place in U.S. Europe holds the second largest position in global wound dressing market due to rise in adoption of advanced technologies, the presence of a large number of market players etc. Asia Pacific wound dressing market is expected to offer lucrative opportunities over the forecast period owing to the rapid development of the emerging countries, raising awareness among the people, increase in the prevalence of injuries and burns. As per to the WHO reports, about 1,00,000 people are suffering from burns in India and approximately 2,65,000 deaths were reported globally because of burns.
Some of the players in Global Wound Dressing Market, Smith & Nephew plc (UK), Hematris wound care GmbH (Germany), Wound Care Technologies, Inc. (US), Baxter International Inc. (US), Mölnlycke Health Care AB (Sweden), Acelity LP Inc. (US), Coloplast A/S (Denmark), ConvaTec Group Plc (UK), IonMed (Israel), Ethicon, Inc. (US), Medtronic plc (US), 3M Company (US), Derma Sciences, Inc. (US), BSN Medical GmbH (Germany).
In September 2016, ConvaTec launched AQUACEL Ag SURGICAL SP dressing to reduce infections at a surgical site.
The Global Wound Dressing Market report gives a comprehensive outlook of Wound Dressing usage or adoption across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on Global Wound Dressing Market gives historical, current, and future market sizes (US$ Mn) of product, types, end users, and geographic regions. This report studies Global Wound Dressing Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Global Wound Dressing Market report covers newer product introductions and competition analysis with vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed Global Wound Dressing Market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Global Wound Dressing Market report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of products.
Detailed Report Scope
By Type
- Traditional
- Advanced
By Product
- Advanced
-
- Foam Dressing
- Hydrocolloid Dressing
- Film Dressing
- Alginate Dressing
- Hydrogel Dressing
- Collagen Dressing
- Traditional
-
- Artificial Skin & Skin Substitutes
- Topical Agents
-
- Wound Closure Products
- Anti-Infective Dressings
- Gauze
- Lint
- Plasters
- Bandages (natural or synthetic) and cotton wool
By Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
- The Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- The report provides granular level information about the market size, regional market share, and forecast from 2017-2023
- The report covers in-detail insights about the competitor’s overview, key findings, and their key strategies
- The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
- The report tracks recent innovations, key developments and start-up’s details that are working in the industry
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
