Industry Analysis - Wound Dressing Market, Size, Share, Growth, Demand and Forecast 2024

The global wound dressing market is driven by factors such as expanding the geriatric population, intensifying awareness of novel technologies, an increasing number of surgeries, escalating number of road accidents, and mounting occurrence of diabetes. Mounting government initiatives, expanding healthcare expenditure, upsurge in a number of burn cases, and escalating government initiatives are further fuelling the growth of the market.

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For instance, according to the study conducted by National Centre for Biotechnology Information on Challenges in the Treatment of Chronic Wounds in 2017, in the U.S approximately 2.4 million to 4.5 million people were affected with chronic lower extremity ulcers wound in 2013.

The different applications of, the wound dressing market are surgical wounds, pressure ulcers, diabetic foot ulcers, burns, and venous ulcers. Of all these applications, the surgical wound category is predicted to witness the highest CAGR during the forecast period owing to the escalating volume of surgeries implemented and mounting number of ambulatory surgical centers.

Based on end user the wound dressing market is segmented into inpatient and outpatient. Of all the end users, inpatient category is expected to grow at the fastest rate during the forecast period, globally, as the majority of the surgical procedures executed in hospitals generally demand the patient to stay till retrieval and healing of wounds.

North America accounted for the major share in the wound dressing industry in 2017, globally as in the region awareness regarding wound care is increasing, and mounting government initiatives. Asia-Pacific is observed to witness the fastest growth in the wound dressing market, owing to mounting healthcare expenditure, and a large population base.

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Key players in the wound dressing industry are investing in the development of advanced, which is strengthening their position in the market. Acelity L.P., Inc., Integra Lifesciences Holdings Corporation., Medline Industries, Inc., Smith and Nephew PLC, Mölnlycke Health Care, Medtronic Plc., ConvaTec, Inc., 3M Company, Coloplast Corporation, and Hollister, Inc. are some of the key players offering wound dressing.

Source: VynZ Research

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Created on Feb 12th 2019 03:18. Viewed 444 times.

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