Published: Aug, 2018
The global wound dressings market is anticipated in a report by Transparency Market Research (TMR) to witness high competition and bear a significantly dynamic characteristic. Companies may participate in mergers and acquisitions and largely focus on introducing new combination dressings to strengthen their position in the market. Braun Melsungen AG, Derma Sciences, Inc., and 3M Healthcare are some of the leading companies operating in the industry. As per the recommendation provided in the report, companies could solidify their presence in the market by ameliorating their distribution network. They could also target developing economies such as Singapore, Brazil, and China for promoting their advanced wound dressing products.
TMR envisages the global wound dressings market to be worth a US$10.1 bn by the end of 2020. By product, basic wound care listed under traditional wound dressings could take the lead in the market in terms of share. Regionally, Asia Pacific is predicted to rank higher due to its dominance in the market.
Rise in Incidence of Wound Infections Promotes Sale of Wound Dressings
Easy availability of advanced wound care services because of the rising number of manufacturing plants is expected to set the tone for strong growth of the global market. Increasing incidence and concerns over the recurrence of wounds could stoke the demand for wound dressings. The market is prognosticated to gain the support of medical services which are currently growing at an impressive rate. Swelling prevalence of diabetes could be another factor helping the market to see growth. Healing of wounds in diabetics could be difficult as multisystem problems may hinder wound recovery. Thus, the surge in the incidence of diabetes and other chronic ailments could create vast demand for wound dressings.
Improving healthcare spending and patient awareness are envisioned to produce ample of business prospects in the global wound dressings market. ICU and general care staff may be largely impressed with the advantage of faster healing times offered by advanced wound dressings. Increase in geriatric population, on the other hand, is foreseen to trigger growth in the market.
High Cost of Advanced Wound Dressings Hampers Penetration in Asia Pacific
Cost-sensitive economies of Asia Pacific may not testify a high adoption of cutting-edge wound dressing products and services. Furthermore, unfavorable reimbursement scenarios and the negative impact of reluctance in the adoption of novel technologies at general practitioner (GP) level are prophesied to hamper the growth of the global wound dressings market. However, the development of germ-free dressings supported by recent advancements could create profit-making market opportunities for vendors.
Antimicrobial wound dressings are projected to grow in popularity due to the benefit of telling reduction in ambulation time. The advent of innovations such as the negative pressure wound therapy (NPWT) helping with faster healing of wounds could also push the market growth of wound dressings in the near future.
The information presented in this review is based on a TMR report, titled “Wound Dressings Market (Product - Traditional Wound Dressings (Wound Closure Products, Basic Wound Care, and Anti-infective Dressings) and Advanced Wound Dressings (Films, Foams, Hydrofiber, Hydrocolloids, Hydrogels, Collagen, and Alginates)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”
The global wound dressings market has been segmented as presented below:
Global Wound Dressings Market by Product
- Traditional Wound Dressings
- Basic Wound Care
- Wound Closure Products
- Anti-infective Dressings
- Advanced Wound Dressings
Global Wound Dressings Market by Region
- North America
- Asia Pacific
- Rest of the World
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453