Global Wound Dressings Market : Industry Analysis and Forecast (2018-2026)
Posted: Jan 03, 2020
Global Wound Dressings Market was valued US$ 10.12 Bn in 2017 and is expected to reach US$ 16.3 Bn by 2026, at a CAGR of 6.14% during a forecast period.
The wound dressings market is segmented into product type, application, end user, and region.
In terms of product type, the global wound dressings market is classified into traditional wound dressings and advanced wound dressings. Based on application, the global wound dressings market is divided into surgical wounds, diabetic foot ulcers, venous ulcers, pressure ulcers, burns, and others. Further end user, the global wound dressings market is split into inpatient facilities and outpatient facilities.
Based on regions, the global wound dressings market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.
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The wound dressing is the process of preventing and healing of the wounds. The wounds may be acute or chronic.
In terms of product type, the traditional dressing is used in acute wounds by the wound healing process. Dry dressings & tapes are coming under traditional wound dressings. The advanced dressing used in chronic wounds and it holds the largest share owing to the increasing patient awareness regarding advanced wound products, increasing incidences of diabetes, and an increase in aged population. Advanced wound dressings have better efficacy than traditional wound dressings such as bandage, gauze, sponge, abdominal pad in wound healing.
Based on application, the surgical wounds holds the fastest growth during the forecast period owing to the increasing volume of surgeries performed an increasing number of ambulatory surgical centers.
New developments in technologies, growth in the numbers of the geriatric population, a rise in the incidences of diabetes & diabetic wounds, and initiation of government in the wound dressing market are boosting the market growth.
The high price of advanced wound dressing technology product & devices, as well as the high cost of active wound care treatments, hampers the wound dressing market growth.
An extreme increase in large injuries caused in people owing to various reasons such as vehicular accidents, injuries caused while participating in adventure sports, and war are the major opportunity of the global wound dressings market.
Competitive pricing pressure is the major challenge in the emerging wound dressing market.
Geographically, North America accounted for the largest share of the wound dressing market due to the increasing geriatric population, a rising number of road accidents, growing number of diabetes & obesity cases, and an increase in burn cases in North America region. However, North America also holds a prominent position in the global wound dressings market, mainly due to the presence of a strong medical infrastructure in leading countries such as the U.S. and Canada in the region.
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Scope of Global Wound Dressings Market:
Global Wound Dressings Market, by Product Type:
- Traditional Wound Dressings
- Advanced Wound Dressings
Global Wound Dressings Market, by Application:
- Surgical Wounds
- Diabetic Foot Ulcers
- Venous Ulcers
- Pressure Ulcers
Global Wound Dressings Market, by End User:
- Inpatient Facilities
- Outpatient Facilities
Global Wound Dressings Market, by Region:
- North America
- Middle East & Africa
- Asia Pacific
- Latin America
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