Global Anti-biofilm Wound Dressing Market: Overview
The rise in the occurrence of chronic illnesses such as diabetes and cancer throughout the world is driving expansion of the global anti-biofilm wound dressing market. Non-communicable illnesses are becoming more prevalent due to various factors such as smoking, alcohol usage, antibiotic resistance, and unhealthy and sedentary lifestyles.
Healthcare facilities, such as hospitals, have been overburdened as a result of the COVID-19 pandemic, with many Covid positive individuals; as a result, several nations have postponed elective surgeries as well as other healthcare operations indefinitely. Patients with acute and persistent wounds must thus be treated either at outpatient clinics or at home. As a result, demand for wound care products at home, like anti-biofilm wound dressing, has risen. In addition to that, as the elderly population is at a higher risk of infection and is unable to attend a healthcare facility, the need for home healthcare is growing. Furthermore, many people have turned to online therapy for help with their health problems. These factors are likely to drive growth of the global anti-biofilm wound dressing market in the near future.
This study from Transparency Market Research (TMR) provides a complete insight of the global anti-biofilm wound dressing market. It provides well-researched data on a variety of market aspects in order to provide useful business input for profit generation.
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Global Anti-biofilm Wound Dressing Market: Notable Developments
ConvaTec Group Plc (Conva Tec) declared the official launch of an innovative product called "ConvaMax" in January 2020. Diabetic foot ulcers, pressure ulcers, leg ulcers, and dehisced surgical wounds are all treated with this new medication. Additionally, the product is available in non-adhesive forms as well, allowing total freedom in integrating compression bands or an extra main dressing to support care regimen.
The noted players that are operational in the global anti-biofilm wound dressing market are Coloplast A/S, Smith & Nephew PLC., ConvaTec Group plc., The 3M Company, Mölnlycke Health Care AB, and Urgo Medical.
Global Anti-biofilm Wound Dressing Market: Key Trends
Below-mentioned market trends and opportunities mark the global anti-biofilm wound dressing market:
High Prevalence of Diabetes to Drive Growth of the Market in Near Future
Diabetic foot ulcers affect around 2% to 10% of diabetics, according to studies done by B. Braun Melsungen AG in 2018. Furthermore, according to the American College of Physicians, the number of new cases every year for diabetic foot ulcers is about 6.3 % in 2017, and the incidence rate of foot ulcers in diabetic individuals in their lifetime ranges from 19% to 34%. Because anti-biofilm wound dressing solutions are highly suggested for treating chronic wounds, market growth is expected to observe high growth rate..
The majority of surgical wounds following cancer surgery are big and deep, generating exudates that must be managed on a daily basis. Anti-biofilm wound dressings, such as iodine and silver-based wound dressings, aid in wound management and infection prevention. As a result, the growing prevalence of chronic illnesses is projected to enhance product demand, thereby pushing global anti-biofilm wound dressing market.
The market is expected to be driven by an increase in the number of road accidents, trauma events, and burns throughout the world. According to the World Health Organization (WHO), around 1,000,000 individuals in India suffering from serious or moderate burns each year.
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Global Anti-biofilm Wound Dressing Market: Geographical Analysis
North America dominated the market with a substantial share of the global anti-biofilm wound dressing market and is expected to dominate the market in the near future. Some of the reasons predicted to drive the market include existence of many major competitors in the area, an increase in the number of sports injuries, and a rise in the number of traffic accidents. Furthermore, the existence of a well-developed healthcare infrastructure as well as advantageous reimbursement policies is projected to drive market expansion during the forecast period.
Asia Pacific is expected to expand at the rapid growth rate during the forecast period. The presence of emerging nations such as China, India, and Japan in the Asia Pacific region is expected to boost market expansion.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.