Bioactive Wound Care Market Size Worth $11.9 Billion By 2024: Grand View Research, Inc.
The global bioactive wound care market is expected to reach
USD 11.9 billion by 2024, according to a new report by Grand View Research,
Inc. The prevalence of chronic skin conditions, such as pressure ulcers,
diabetic foot, and other skin-related infections is on the rise. Bioactive
wound care products offer available line of treatment, which act efficiently in
curing the aforementioned conditions.
Hence, with the increasing target population, the bioactive
wound care market is estimated to witness lucrative growth. Rise in awareness
among the patients regarding personal hygiene is augmenting the demand for
these products. The raised awareness levels cause patients to seek physicians’
advice at an early stage thus enabling timely interventions.
Rising per capita healthcare expenditure in the recent years
and the increasing disposable income is enabling the population to spend a
substantial amount on healthcare facilities, thereby contributing towards the
growth of the market. The development of advanced products, such as combination
wound dressings containing multiple ingredients that offer several benefits to
patients, is anticipated to boost the demand for these products.
Browse full research report on Global Bioactive Wound Care Market: http://www.grandviewresearch.com/industry-analysis/bioactive-wound-care-market
Further key findings from the study suggest:
- The
moist wound care products segment held a lucrative share of more than
50.0% in 2015. The ability of these products to create a supportive moist
environment, which expedites the healing process, is a notable feature of
these products. Moist wound care products include foams, films, alginates,
hydrocolloids, and hydrogels.
- The
antimicrobials segment, comprising products impregnated with silver and
non-silver ingredients, is anticipated to witness profitable growth over
the forecast period. These products are cost efficient with lower chances
of developing resistance to antimicrobial products.
- The
segment of active wound care products, likewise, is anticipated to exhibit
a significant growth rate in the coming 8 years. Recently, the U.S. Food
and Drug Administration approved a couple of biomaterials, Dermagraft, and
Alpigraph, for management of skin-related injuries. The ability of these
products to mimic biological properties is a key advantage that enables a
faster healing process.
- North
America contributed with a share of more than 30.0% of the global
bioactive wound care market. Presence of major players, streamlined
regulations, and favorable reimbursement policies are some of the key
contributing factors responsible for the growth of this region.
- Asia Pacific
with its huge potential is anticipated to witness considerable growth over
the forecast period. The presence of a huge untapped population, stirring
economic developments in this region, and consistent efforts undertaken to
improve the healthcare infrastructure are the key growth drivers.
- The
key players in this industry include Smiths & Nephew, Mölnlycke Health
Care, ConvaTec, Inc., Paul Hartmann AG, Organogenesis, Inc., Systagenix
Wound Management Ltd., 3M Healthcare Ltd., Medtronic, Covalon Technologies
Ltd., BSN Medical, and Medline Industries, Inc.
- The
strategic endeavors undertaken by the leading players in the industry
include new product launches, collaborations with government bodies, and
R&D investments.
- In
July 2015, Smith & Nephew acquired DeOst LLC and DeLLC, part of the
DeOST group, which is a manufacturer of medical devices in Russia. This
acquisition is expected to help companies expand their global footprints.
Browse more reports of this category by Grand View
Research:
Grand View Research has segmented the global bioactive wound
care market on the basis of product and region:
Global Bioactive Wound Care Market, By Product (USD
Million), 2013 - 2024
- Moist
Wound Care
- Foams
- Films
- Alginates
- Hydrocolloids
- Hydrogels
- Antimicrobial
Wound Care
- Silver-based
- Non-silver-based
- Active
Wound Care
- Biomaterials
- Skin
substituents
Bioactive Wound Care Market, By Region (USD Million),
2013 - 2024
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
- Saudi
Arabia
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-bioactive-wound-care-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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