Global Wound Dressing Market: Market Segments: By Type (Traditional, Advanced (Alginate, Collagen, Hydrogel, Foam, Hydrocolloid, Film)), Wound Therapy Device and Active Wound Care); By Application (Surgical, Traumatic, Ulcers and Burns); By End User (Hospital & Homecare); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Wound dressings are divided into three classes, namely dressings that are active, passive, and interactive. The only protective feature of passive wound dressing products is that active wound dressings facilitate healing by maintaining a moist wound atmosphere. To improve wound healing, interactive dressings create a moist wound atmosphere and also communicate with wound bed components. Wound dressings need secondary dressing, such as hydrogels and alginate dressings, as they are permeable and non-occlusive. Multi-layer composite dressings are relatively costly and can be used for main and secondary wound dressing.
Global Wound Dressing Market is expected to project a notable CAGR of XX.X% in 2030.
Global Wound Dressing Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The Wound Dressing market is growing due to the increasing geriatric population, burn cases across the globe, volume of surgeries, cases of diabetes and obesity, incidence of chronic wounds, and number of road accidents. Growing demand for advanced wound dressings is expected to drive the global wound dressing market.
Global Wound Dressing Market: Segments
Advanced wound dressings Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Wound Dressing Market is segmented by type into advanced wound dressings and traditional wound dressings. The greater market share in 2018 was accounted advanced wound dressings segment and is expected to see the highest growth during the forecast period owing to the gradually adoption of some of the advanced wound dressings. Furthermore, the advanced segment is further divided into foams, films, hydrogels, hydrocolloids, super absorbents, contact layers for wounds, alginates, collagen, and hydro fiber. The foam segment accounted for the largest share of the whole advanced segment and is projected to expand at the fastest pace on the market. This is due to the benefits provided by foam dressings, such as a warm and humid atmosphere that is suitable for healing, infection barrier, hyper granulation wound suitability, ease of application and removal, and the ability to be used in compression therapy.
Global Wound Dressing Market: Market Dynamics
Increasing patient pool
Growing geriatric population, increasing number of diabetes patient globally, rising occurrence of wound ulcer and surgical wounds, growing research and development activities, introduction of novel treatments for advanced wounds, favorable reimbursement scenario, and technological advancement in wound dressing products are the key factors enhancing the growth of the global Wound Dressing market.
High cost of Wound Dressing products
Global wound dressing market growth over the forecast period is expected to be affected by challenges in the wound dressing market, such as product recalls, the availability of alternative products and the high cost of wound dressing products.
Global Wound Dressing Market: Regions
Global Wound Dressing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Wound Dressing Market in North America held the largest market share of XX.X% in the year 2018 and is expected to hold dominant position in the global wound dressing market over the forecast period due to increasing product launches of wound dressing equipment, the increasing prevalence of chronic wounds, and the strategic alliance between key players. In addition, due to the growing prevalence of burn cases in Europe, the European market is expected to exhibit growth over the forecast period. This will increase the demand for care in this area, which, in turn, is expected to fuel market growth.
Global Wound Dressing Market: Key Players
• 3M Company
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Acelity L.P. Inc. (Kinetic Concepts, Inc.)
• B. Braun Melsungen AG
• Cardinal Health, Inc
• Coloplast A/S
• ConvaTec Group Plc
• Integra Lifesciences
• Molnlycke Health Care
• Medtronic PLC
• Paul Hartmann AG
• Smith & Nephew
Global Wound Dressing Market report also contains analysis on:
Global Wound Dressing Market Segments:
• Advanced Wound Dressing
By End User:
• Wound Dressing Market Dynamics
• Wound Dressing Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints