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Wound Dressings Market to Reach US$10.16 Billion by 2020 -Transparency Market Research
A new market report published by Transparency Market Research is Wound Dressings Market (Traditional Wound Dressings: Wound Closure Products, Basic Wound Care, Anti-infective Dressings; & Advanced Wound Dressings: Films, Foams, Hydrofiber, Hydrocolloids, Hydrogels, Collagen, Alginates) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Published 28 September 2015
The Global wound dressing market was estimated at US$7.53 billion in 2013. Growing at a CAGR of 4.5% from 2014 to 2020, it is predicted to reach US$10.16 billion in 2020.The TMR report states that wound management is an exceptionally complex as well as delicate process that comprises cellular processes for healing wounds and for tissue repair. Modern science has discovered that for appropriate growth of underlying endoderm cells, proper aeration and moisture is essential. This, along with the benefit of wound dressings in faster wound healing, has also helped in decreasing discomfort of patients to a large extent.
According to this TMR report, the global market for wound dressings has been categorized in terms of geography and products. Product segments of the market include advanced wound dressings and traditional wound dressings. The traditional wound dressings segment has three main sub-segments, namely basic wound care, anti-infective dressing, and wound closure products. In 2013, basic wound care was the dominant segment within the traditional wound dressings segment.Anti-infective dressings, such as plant-based antiseptic dressings and iodine-based dressings, are predicted to enjoy an elevated growth rate in the forecasting horizon. This is due to the expanding disabled and geriatric population, which is more susceptible to chronic wounds as well as related skin ulcer complications.
As per the TMR report, advanced wound dressings have six sub-segments, namely foams, hydrofiber, films, hydrocolloids, collagen, hydrogels, and alginates. On the basis of revenue, foams are the governing sub-segment in the advanced wound dressings segment. This is owing to the versatility of foams in terms of healing and applicability, and their easy availability in medical stores. Foams also experienced the most rapid growth due to development within their core design, thus providing a broad range of wound coverage.
As per this TMR research report, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Geographically, in 2013, Asia Pacific was the biggest market for traditional wound dressings. RoW recorded the maximum growth in the traditional wound dressings segment and is predicted to dominate global application of the product segment by the end of the forecasting horizon. This is due to the increase in markets that are price-sensitive. A huge population of patients was not able to bear the cost of advanced wound care and some are simply reluctant to adapt to advanced wound dressing technologies, due to lack of education. In 2013, on the basis of revenue, North America, especially the U.S., was the biggest market for advanced wound dressings.
Browse the full Wound Dressings Market (Traditional Wound Dressings: Wound Closure Products, Basic Wound Care, Anti-infective Dressings; & Advanced Wound Dressings: Films, Foams, Hydrofiber, Hydrocolloids, Hydrogels, Collagen, Alginates) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/wound-dressing-market.html
Key players operating in this market include B. Braun Melsungen AG, M Healthcare, Coloplast A/S, ConvaTec, Inc., Johnson & Johnson, Derma Sciences, Inc., Kinetic Concepts, Inc., PAUL HARTMANN AG, and Mölnlycke Health Care AB.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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