01 Oct Global Wound Debridement Market To Be Valued US$ 1143.0 Mn by 2023 Due to Increase in The Prevalence Of Diabetic Foot Ulcers
Wound Debridement Market is poised to reach US$ 1,143.0 Mn by 2023 with a significant CAGR over six years forecast period 2018-2023 owing to increase in the prevalence of diabetic foot ulcers and awareness of advanced treatment methods”
Precision Business Insights (PBI) in its report titled “Global Wound Debridement Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2017 and Forecast 2018-2023” assesses the market performance over six years forecast period over 2018-2023. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The Global wound debridement market was valued at US$ 772.0 Mn in 2018 and projected to reach US$ 1,143.0 Mn by 2023 owing to increase in prevalence of diabetic and venous foot ulcers. Additionally, market players are leading the market by innovations, newer product developments, which are anticipated to propel the Global wound debridement market. However, high cost for the treatment and stringent regulations hinder the growth of Global wound debridement market over forecast years.
Global wound debridement market segmented on the basis of product type, wound type, method, end user, and region
Gels accounted for higher revenue share
Based on product type global wound debridement market segmented into gels, ointments & creams, surgical devices, ultrasound devices, mechanical debridement pads, medical gauzes and others wound debridement products. Gels market accounted for larger revenue share in 2018 and projected to dominate the market share over the forecast period owing to increase in the prevalence of diabetes as well as gels are safe and effective and do not cause inflammation and remove necrotic tissue from wounds . However, surgical devices and mechanical debridement pads segment projected to exhibit lucrative growth, due to increase in awareness about the advanced treatment methods and innovation of new products.
North America leads the Global Wound Debridement Market
Precision Business Insights (PBI) global wound debridement market report analyses the market in different regions such as North America, Europe, Asia Pacific, and RoW. According to regional analysis, North America accounted for larger revenue share through 2012-2017 and the same trend is projected to follow over 2018-2023 owing to increase prevalence of diabetic foot ulcers and venous leg ulcers and presence of all major players in the region. Europe market projected to exhibit significant growth owing to increase in launch of newer products and new innovations into the market.
Innovation of newer products, intellectual property portfolio, and strategic alliances are the key strategies adopted by market players
Global wound debridement market further reveals that the key players increasingly adopting strategies such as innovation of newer products and high number of patent filings, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In 2015, BioMonde has launched BioBag, a debridement product for the treatment of nonhealing wounds such as pressure, diabetic and venostasis ulcers in U.S.
Key player’s profiled in the report are Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Coloplast (Denmark), Misonix (US), ConvaTec (UK), Lohmann & Rauscher (Germany), DeRoyal Industries (US), Medline Industries (US), Mölnlycke Health Care AB (Sweden), and Integra LifeSciences (US).
By Product Type
- Ointments & Creams
- Surgical Devices
- Medical Gauzes
- Mechanical Debridement Pads
- Ultrasound Devices
By Wound Type
- Venous Leg Ulcers
- Diabetic Foot Ulcers
- Pressure Ulcers
- Surgical & Traumatic Wounds
- Other Wounds
- Autolytic, Enzymatic
- Other Methods
By End User
- Other End Users
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Gulf Cooperation Council (GCC) Countries
- South Africa