Wound Dressing Market Is Projected To Witness Growth Based On Increasing Occurrences Of Sports Injuries Till 2022:Grand View Research,inc.
Global wound dressing market was valued at USD 9.16
billion in 2014 and is estimated to reach USD 12.9 billion with a lucrative
CAGR of 4.4% from 2015 to 2022. Rising prevalence of conditions such as leg
ulcers, venous stasis ulcers, pressure ulcers, and diabetic ulcers, that
require lesion management, are anticipated to boost global wound dressing
market over the forecast period. Additionally, the growing incidences of burns
and lesion infection are also expected to demand advanced injury treatment
products, such as wound dressing market in coming years. Wound dressing
products, with capabilities of faster health recovery from various ulcers
disorders, are preferred by patients and healthcare practitioners
globally.
Rising occurrences of sports
injuries and increasing medical expenditure incurred by the regional government
are also anticipated to boost demand for wound dressing products. The aging
population is more susceptible towards diabetic ulcers, foot ulcers, and
lesions. Growing geriatric population, rising health awareness, and increasing
disposable income are encouraging the consumer to spend a considerable amount
on medical facilities, thereby boosting market growth. Evolution of innovative
technologies and their applications such as electrical stimulation, metal/alloy
bandages, electromagnetic therapy and nanotechnology therapy are projected to
drive the wound dressing market over the forecast period.
Browse full research report on Wound Dressing Market: http://www.grandviewresearch.com/industry-analysis/wound-dressing-market
Advanced wound products segment
includes antimicrobial, active and moist dressings that dominated the global
wound dressing market with 56.1% revenue in 2014. This is attributed to
cost-effectiveness, improved utility, and increasing usage of the products.
Antimicrobial products segment, which encompasses silver and non-silver wound
dressing products, is anticipated to exhibit significant growth owing to its
associated benefits of wide availability, faster healing rate, and ease of
usage. The moist dressing was the leading advanced product segment in 2014 due
to its high absorbance capacity to keep lesions dry and clean.
North America was identified as
the most lucrative wound dressing market and accounted for over 35.0% of the
total revenue in 2014. Growing base of aging population with rising chronic
lesions disorders, rising health awareness, and increasing preference for home
healthcare services have boosted the market growth for the region and is
expected to grow at a significant rate over the forecast period.
The Asia-Pacific wound dressing
market is expected to exhibit a considerable growth in the coming years, owing
to rising number of advanced healthcare infrastructure, high unmet needs for
medical facilities, burgeoning population, rising awareness level and high
purchasing power of the consumers. The government is also taking various
initiatives to support healthcare market, thereby boosting wound dressing
market in the region.
Major market participants include
ColoPlast, Systagenix, 3M Healthcare, BSN Medical, Convatec, Medline
Industries, Smith & Nephew, Derma Sciences, and Medtronic. Innovation in
product development and M&A are some strategic initiatives adopted by
players to have a competitive advantage over others. In November 2014, BSN
Medical has acquired Sorbian, to broaden their product portfolio related to
wound care industry.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the global wound dressings
market on the basis of products and region:
Wound Dressings Market Product Outlook (Revenue, USD
Billion, 2012 - 2022)
- Traditional
- Advanced
- Moist
- Foam
- Alginate
- Film
- Hydrocolloid
- Hydrogel
- Antimicrobial
- Silver
- Non-Silver
- Active
- Biomaterial
- Skin-substitutes
Wound dressings market Regional Outlook (Revenue, USD
Billion, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- Row
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
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of industries, from technology to chemicals, materials and healthcare.
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