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Published Date: 2014-11-25Number of Pages: 99

Wound Dressings Market (Traditional Wound Dressings - Wound Closure Products, Basic Wound Care, Anti-infective Dressings; and Advanced Wound Dressings - Films, Foams, Hydrofiber, Hydrocolloids, Hydrogels, Collagen, Alginates) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024

Traditional wound care practices have been followed since the earliest of human civilizations. These practices were not complete, as these did not provide adequate condition for the growth of new skin cells. It was recently discovered by modern science that moisture and proper aeration is necessary for adequate growth of underlying epidermal or endoderm cells. This not only helped the wound heal faster, but also decreased discomfort to a large extent. Currently, consumers of wound care products are not limited to trauma patients or household accidental cases, but include the diabetic geriatric populations with ulcerative complications. Skin ulcer and tissue necrosis are leading global concerns among the rural and diabetic population with inadequate access to medical care. This major driver led to innovations in wound care technology, which is presently provided by advanced wound management products across the world.     

 

The wound dressings market has been categorized based on types of products and geography. The product segment has been further sub-segmented into traditional wound dressings and advanced wound dressings. The traditional wound dressings segment includes wound closure products (gauze tapes, sponges, surgical cotton swabs and others), basic wound care products, and anti-infective dressings. The advanced wound dressings segment includes emerging and advanced wound dressings such as films, foams dressings, hydrofiber, hydrocolloids, hydrogels, collagen and alginates. Foams is the leading sub-segment of the advanced wound dressings segment in terms of revenue. This is because foams are versatile, in terms of applicability and healing, and are readily available in stores. Foams also witnessed the fastest growth due to faster healing and advances within the basic design, thereby offering wide range of wound coverage. Films, collagen, hydrogels and alginates would witness slow growth during the forecast period. Products such as hydrocolloids and hydrofiber would demonstrate impressive growth potential and are expected to continue growing in the near future with increasing prevalence of trauma wounds, burns, injuries, chronic medical conditions such as AIDS, cancer, diabetes and other skin ulcerative diseases.

 

Basic wound care was the leading segment of the traditional wound dressings segment in 2013. Basic wound care products such as cotton gauze and sterile cotton are witnessing strong sales growth in developing countries, as these are easy to use and require minimal training. On the other hand, anti-infective dressings such as iodine-based dressings and plant-based antiseptic dressings are expected to witness highest growth rate during the forecast period. This is attributed to the growing geriatric and disabled populations diagnosed with chronic wounds and related skin ulcer complications in the developing world.

 

Geographically, Asia Pacific was the largest market for traditional wound dressings in 2013. RoW recorded the highest growth in the traditional wound dressings segment and is expected to lead the segment by the end of the forecast period. This is attributed to the price sensitive markets in this region and the strong traditional backgrounds that dictate the healing procedures. Large populations of patients are not able to afford advanced wound care or are simply unwilling to adapt to newer wound dressing technologies due to poor education. North America, particularly the U.S., was the largest market for advanced wound dressings in terms of revenue in 2013. Asia Pacific witnessed the fastest growth rate and is expected to lead the global market by the end of the decade. The presence of a large number of advanced wound management products manufacturing units in Asia, higher social awareness and increased diabetic populations is likely to ensure steady market penetration and growth in the near future.  

 

The overall wound dressings market is highly fragmented, with the presence of large numbers of big and small players. These include 3M Healthcare, B. Braun Melsungen AG, Coloplast A/S, ConvaTec, Inc., Derma Sciences, Inc., Johnson & Johnson, Kinetic Concepts, Inc., Mölnlycke Health Care AB, PAUL HARTMANN AG, Smith & Nephew plc and Systagenix Wound Management Ltd. Smith and Nephew plc, Mölnlycke Health Care AB, and ConvaTec, Inc. had the largest global presence, offering a wide range of wound care products worldwide. Large market presence in developed and emerging markets and expertise in providing state-of-the-art wound care technology has enabled these companies to have a strong hold in the industry. However, the wound dressings market is highly fragmented and several companies other than those mentioned above have a strong hold in individual product segments and regions of operation.

 

 

 

Chapter 1 Introduction

1.1 Report Description

1.2 Research methodology

 

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Wound Dressings Market

2.2 Comparative Analysis: Global Traditional Wound Dressings Market, By Geography, 2013 and 2020 (Value %)

2.3 Comparative Analysis: Global Advanced Wound Dressings Market, By Geography, 2013 and 2020 (Value %)

 

Chapter 3 Global Wound Dressings Market Overview

3.1 Introduction and Market Definition

3.2 Market Dynamics

      3.2.1 Market Drivers

              3.2.1.1 Rise in geriatric population to trigger the growth in the market

              3.2.1.2 Surge in chronic diseases to enhance market growth

              3.2.1.3 Faster healing times generates favor among emergency care and ICU staff

              3.2.1.4 Increasing patient awareness and healthcare expenditure

                        3.2.1.4.1 Worldwide prevalence of acute and chronic wounds, by types

              3.2.1.5 Rise in incidence of wound infections promotes the sale of wound dressings

      3.2.2 Market Restraints

              3.2.2.1 High cost of advanced wound dressings hampering penetration into Asian Markets

              3.2.2.2 Reluctance in accepting novel technologies at GP level creates negative impact on sales

              3.2.2.3 Unfavorable reimbursement scenario to restraint the growth of the global wound dressings market

      3.2.3 Market Opportunities

              3.2.3.1 Focus on the development of combination dressings

              3.2.3.2 Investing in emerging economies

3.3 Porter’s Five Forces Analysis: Global Wound Dressings Market

      3.3.1 Bargaining Power of Suppliers

      3.3.2 Bargaining Power of Buyers

      3.3.3 Threat of Substitutes

      3.3.4 Threat of New Entrants

      3.3.5 Competitive Rivalry

3.4 Market Attractiveness Analysis: Global Traditional Wound Dressings Market, by Geography

3.5 Market Attractiveness Analysis: Global Advanced Wound Dressings Market, by Geography

3.6 Market Share Analysis: Global Wound Dressings Market, by Key Players, 2013 (Value %)

 

Chapter 4 Global Wound Dressings Market, by Products

4.1 Overview

      4.1.1 Global Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

4.2 Traditional Wound Dressings

      4.2.1 Global Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

      4.2.2 Wound Closure Products

              4.2.2.1 Global Wound Closure Products Market Revenue, 2012 - 2020 (USD Million)

      4.2.3 Basic Wound Care

              4.2.3.1 Global Basic Wound Care Products Market Revenue, 2012 - 2020 (USD Million)

      4.2.4 Anti-infective Dressings

              4.2.4.1 Global Anti-infective Dressings Market Revenue, 2012 - 2020 (USD Million)

4.3 Advanced Wound Dressings

      4.3.1 Global Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

      4.3.2 Films

              4.3.2.1 Global Film-based Advanced Wound Dressings Market Revenue, 2012 - 2020 (USD Million)

      4.3.3 Foams

              4.3.3.1 Global Foam-based Advanced Wound Dressings Market Revenue, 2012 - 2020 (USD Million)

      4.3.4 Hydrofiber

              4.3.4.1 Global Hydrofiber-based Advanced Wound Dressings Market Revenue, 2012 - 2020 (USD Million)

      4.3.5 Hydrocolloids

              4.3.5.1 Global Hydrocolloid-based Advanced Wound Dressings Market Revenue, 2012 - 2020 (USD Million)

      4.3.6 Hydrogels

              4.3.6.1 Global Hydrogel-based Advanced Wound Dressings Market Revenue, 2012-2020 (USD Million)

      4.3.7 Collagen

              4.3.7.1 Global Collagen-based Advanced Wound Dressings Market Revenue, 2012 - 2020 (USD Million)

      4.3.8 Alginates

              4.3.8.1 Global Alginate-based Advanced Wound Dressings Market Revenue, 2012 - 2020 (USD Million)

 

Chapter 5 Global Wound Dressings Market, by Geography

5.1 Overview

      5.1.1 Global Traditional Wound Dressings Market Revenue, by Geography 2012 – 2020 (USD Million)

      5.1.2 Global Advanced Wound Dressings Market Revenue, by Geography 2012 – 2020 (USD Million)

5.2 North America

      5.2.1 North America Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

              5.2.1.1 North America Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

              5.2.1.2 North America Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

5.3 Europe

      5.3.1 Europe Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

              5.3.1.1 Europe Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

              5.3.1.2 Europe Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

5.4 Asia Pacific

      5.4.1 Asia Pacific Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

              5.4.1.1 Asia Pacific Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

              5.4.1.2 Asia Pacific Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

5.5 Rest of the World

      5.5.1 Rest the World (RoW) Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

              5.5.1.1 Rest the World (RoW) Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

              5.5.1.2 Rest the World (RoW) Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

 

Chapter 6 Recommendations

6.1 Emphasizing on the Development of Novel Combination Dressings

6.2 Targeting Emerging Economies (China, Brazil, Singapore, India and Mexico) for Advanced Wound Dressing Products

6.3 Ameliorating Distribution Network to Strengthen Market Presence

 

Chapter 7 Company Profiles

7.1 3M Health Care

      7.1.1 Company Overview

      7.1.2 Financial Overview

      7.1.3 Product Portfolio

      7.1.4 Business Strategies

      7.1.5 Recent Developments

7.2 B. Braun Melsungen AG

      7.2.1 Company Overview

      7.2.2 Financial Overview

      7.2.3 Product Portfolio

      7.2.4 Business Strategies

      7.2.5 Recent Developments

7.3 Coloplast A/S

      7.3.1 Company Overview

      7.3.2 Financial Overview

      7.3.3 Product Portfolio

      7.3.4 Business Strategies

      7.3.5 Recent Developments

7.4 ConvaTec, Inc.

      7.4.1 Company Overview

      7.4.2 Financial Overview

      7.4.3 Product Portfolio

      7.4.4 Business Strategies

      7.4.5 Recent Developments

7.5 Derma Sciences, Inc.

      7.5.1 Company Overview

      7.5.2 Financial Overview

      7.5.3 Product Portfolio

      7.5.4 Business Strategies

      7.5.5 Recent Developments

7.6 Kinetic Concepts, Inc.

      7.6.1 Company Overview

      7.6.2 Financial Overview

      7.6.3 Product Portfolio

      7.6.4 Business Strategies

      7.6.5 Recent Developments

7.7 Medline Industries, Inc.

      7.7.1 Company Overview

      7.7.2 Financial Overview

      7.7.3 Product Portfolio

      7.7.4 Business Strategies

      7.7.5 Recent Developments

7.8 Molnlycke Health Care

      7.8.1 Company Overview

      7.8.2 Financial Overview

      7.8.3 Product Portfolio

      7.8.4 Business Strategies

      7.8.5 Recent Developments

7.9 PAUL HARTMANN AG

      7.9.1 Company Overview

      7.9.2 Financial Overview

      7.9.3 Product Portfolio

      7.9.4 Recent Developments

7.10 Smith & Nephew plc

      7.10.1 Company Overview

      7.10.2 Financial Overview

      7.10.3 Product Portfolio

      7.10.4 Business Strategies

      7.10.5 Recent Developments

7.11 Systagenix Wound Management, Ltd.

      7.11.1 Company Overview

      7.11.2 Financial Overview

      7.11.3 Product Portfolio

      7.11.4 Business Strategies

      7.11.5 Recent Developments

List of Figures

 

FIG. 1 Global Traditional Wound Dressings Market, by Products, 2013 (USD Million)

FIG. 2 Global Advanced Wound Dressings Market, by Products, 2013 (USD Million)

FIG. 3 Comparative Analysis: Global Traditional Wound Dressings, by Geography, 2013 and 2020 (Value %)

FIG. 4 Comparative Analysis: Global Advanced Wound Dressings, by Geography, 2013 and 2020 (Value %)

FIG. 1 Wound Dressings Market: Drivers and Restraints

FIG. 2 Porter’s Five Forces Analysis: Global Wound Dressings Market

FIG. 3 Market Attractiveness Analysis: Global Traditional Wound Dressings Market, by Geography

FIG. 4 Market Attractiveness Analysis: Global Advanced Wound Dressings Market, by Geography

FIG. 5 Market Share Analysis: Global Wound Dressings Market, by Key Players, 2013 (Value %)

FIG. 6 Global Wound Closure Products Market Revenue, 2012 – 2020 (USD Million)

FIG. 7 Global Basic Wound Care Products Market Revenue, 2012 – 2020 (USD Million)

FIG. 8 Global Anti-infective Dressings Market Revenue, 2012 – 2020 (USD Million)

FIG. 9 Global Film-based Advanced Wound Dressings Market Revenue, 2012 - 2020 (USD Million)

FIG. 10 Global Foam-based Advanced Wound Dressings Market Revenue, 2012 – 2020 (USD Million)

FIG. 11 Global Hydrofiber-based Advanced Wound Dressings Market Revenue, 2012 – 2020 (USD Million)

FIG. 12 Global Hydrocolloid-based Advanced Wound Dressings Market Revenue, 2012 – 2020 (USD Million)

FIG. 13 Global Hydrogel-based Advanced Wound Dressings Market Revenue, 2012 – 2020 (USD Million)

FIG. 14 Global Collagen-based Advanced Wound Dressings Market Revenue, 2012 – 2020 (USD Million)

FIG. 15 Global Alginate-based Advanced Wound Dressings Market Revenue, 2012 – 2020 (USD Million)

FIG. 16 3M Health Care: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 17 B. Braun Melsungen AG: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 18 Coloplast A/S: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 19 ConvaTec, Inc.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 20 Derma Sciences, Inc.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 21 Kinetic Concepts, Inc.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 22 Molnlycke Health Care: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 23 PAUL HARTMANN AG: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 24 Smith & Nephew plc: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 25 Centaur Guernsey L.P. Inc.: Annual Revenue, 2011 – 2013 (USD Million)

List of Tables

 

TABLE 1 Market Snapshot: Global Wound Dressings Market

TABLE 2 Worldwide Prevalence of Acute and Chronic Wounds, By Types

TABLE 3 Global Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

TABLE 4 Global Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 5 Global Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 6 Global Traditional Wound Dressings Market Revenue, by Geography 2012 – 2020 (USD Million)

TABLE 7 Global Advanced Wound Dressings Market Revenue, by Geography 2012 – 2020 (USD Million)

TABLE 8 North America Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

TABLE 9 North America Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 10 North America Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 11 Europe Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

TABLE 12 Europe Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 13 Europe Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 14 Asia Pacific Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

TABLE 15 Asia Pacific Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 16 Asia Pacific Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 17 Rest the World (RoW) Wound Dressings Market Revenue, by Segments, 2012 – 2020 (USD Million)

TABLE 18 Rest the World (RoW) Traditional Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

TABLE 19 Rest the World (RoW) Advanced Wound Dressings Market Revenue, by Products, 2012 – 2020 (USD Million)

The process of wound dressing has remained traditional until recently when modern science discovered that moisture and proper aeration is imperative for the adequate growth of underlying epidermal or endoderm cells. Researchers have revealed that moisture and aeration not only helps the wound to heal faster by aiding to the growth of new cells, but also decreases discomfort to a certain degree. The requirement for wound dressing is now not only limited to trauma patients or household accidental cases, but also includes diabetic geriatrics who commonly suffer from ulcerative complications. 

Skin ulcers and tissue necrosis are among the leading concerns in the rural areas of emerging economies and diabetic population globally. This and several other factors are poised to act as drivers in the global market for wound dressing which was valued at US$7.53 bn in 2013. Expanding at a healthy CAGR of 4.5% from 2014 to 2020, the global market for wound dressing is estimated to value US$10.16 bn by the end of the forecast period. 

Global Wound Dressing Market: Trends and Opportunities

Rise in global geriatric population that commonly suffers from various skin ulcer complications is leading to increased requirement of advanced wound dressing technologies. Additionally, the growing prevalence of chronic diseases and rising healthcare expenditure among the urban and rural population are fueling the demand for wound dressings. Some of the other factors that are promising a healthy progress in the global market for wound dressing include growing incidences of wound infections caused by traditional wound dressing methods or ignorance, and requirement of swift healing times especially during emergency care. Conversely, the high cost of advanced wound dressings is expected to curtail the demand, especially in Asian markets. 

Global Wound Dressing Market: Region-wise Outlook

In 2013, traditional wound dressing had the most significant market in Asia Pacific while Rest of the World (RoW) experienced the highest growth rate in demand for the segment. The price sensitive markets in these two regions will continue to lead the market for traditional wound dressing because of several factors such as strong traditional backgrounds that dictates the healing methods. Moreover, these two regions contribute to more than half of world’s population and a substantial chunk of it includes geriatrics. Advanced wound dressing technologies are costly and fairly unknown to these vast populations due to lack of education. 

North America, the U.S. in particular, is the most prominent market for advanced wound dressing methods in terms of revenue in 2013. This was due to the presence of robust healthcare infrastructure and high literacy levels. However, the presence of numerous advanced wound management products manufacturing units in Asia along with growing social awareness and increased diabetic population are likely to steadily increase the market for advanced wound dressing in the region. 

The report segments the wound dressing market in terms of type of products and geography. The product segment is further divided into sub-segments as traditional wound dressings and advanced wound dressings. The segment of traditional wound dressing includes wound closure products (gauze tapes, surgical cotton swabs, sponges, and others), anti-infective dressings, and basic wound care products. The advanced wound dressings segment is divided into films, foams dressings, hydrocolloids, hydrogels, hydrofiber, collagen and alginates. In 2013, foams was the leading sub-segment of the advanced wound dressings segment in terms of revenue. This was a result of versatility of foams in terms of applicability and healing. Foams are also readily available in stores. 

Due to the presence of several large and small players, the global market for wound dressing is highly fragmented. Some of the most prominent players at the global stage include Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, 3M Healthcare, Coloplast A/S, Derma Sciences, Inc., ConvaTec, Inc., Kinetic Concepts, Inc., Mölnlycke Health Care AB, PAUL HARTMANN AG, and Systagenix Wound Management Ltd. Out of these, Smith & Nephew plc, ConvaTec, Inc., and Mölnlycke Health Care AB had the dominant presence with their wide range of wound care products. 

Key Segments of the Wound Dressing Market 

Wound Dressings Market, By Type

  • Traditional wound dressings
    • Basic wound care
    • Wound closure products
    • Anti-infective dressings
  • Advanced wound dressings
    • Foams
    • Films
    • Hydrocolloids
    • Hydrogels
    • Hydrofiber
    • Alginates
    • Collagen 

Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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