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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, 2014 - 2020

Global Wound Dressings Market: Overview

Conventional injury care solutions have been taken after since the beginning of human civic establishments. These practices were not up to the mark as these did not give sufficient condition to the development of new skin cells. It was as of late found by current science that dampness and appropriate air circulation is fundamental for satisfactory development of underlying endoderm or epidermal cells. This helped the injury recuperate at a fast pace, as well as diminished inconvenience to an expansive degree. Right now, customers of wound care items are not constrained to household accidental cases or trauma patients, yet incorporate the diabetic geriatric populaces with ulcerative issues. Tissue necrosis and skin ulcer are giving rise to global worries among the provincial and diabetic populace with deficient access to medicinal care. This core driver prompted developments in wound care innovation, which is at present given by cutting edge wound management items over the world.

Additionally, the quick recuperating circumstances realized by the use of wound dressings make them helpful amid emergency care. The rising frequency of wound diseases raises the demand for wound dressings, consequently positively affecting the market. Besides, the rising medicinal services use and developing mindfulness among patients about the advantages of wound dressings will likewise animate the market for wound dressings in the years ahead. Then again, factors, for instance, the taking off cost of cutting edge wound dressings may limit its demand in various Asian markets, consequently negatively affecting the global market.

The global market for wound dressing is anticipated to witness a 4.50% CAGR from 2014 to 2020. In 2013, the market was valued at US$7.5 bn and is likely to touch a valuation of US$10.1 bn by the end of 2020.

Basic Wound Care to be Popular among Consumers

On the basis of type, the global market for wound dressings has been bifurcated into traditional wound dressings and advanced wound dressings. Further the segment of traditional wound dressings has been classified into anti-infective dressings, wound closure products, and basic wound care. The segment of advanced wound dressings has been categorized into collagen, alginates, hydrofiber, hydrocolloids, films, and foams. Basic wound care emerged as the main section of the traditional wound dressings segment in 2013. Basic wound care items, for instance, cotton dressing and sterile cotton are seeing extensive sales in developing nations, as these are anything but difficult to utilize and need minimal training.

 Asia Pacific to Lead the Charts

Region-wise, Asia Pacific was the leading market for traditional wound dressings in 2013. This can be credited to the utterly price sensitive markets in this area and the solid customary foundations that direct the recuperating strategies. Extensive populaces of patients are not ready to bear the cost of cutting edge wound care or are essentially unwilling to adjust to more novel wound dressing advances because of lack of knowledge. North America, especially the U.S., was the leading market for advanced wound dressings as far as income in 2013 is concerned. However, Asia Pacific also witnessed the leading growth rate in the recent past and is likely to stay the same in the years ahead.

The top drawer companies operating in the market are Johnson & Johnson, Mölnlycke Health Care AB, Kinetic Concepts, Inc., Derma Sciences, Inc., ConvaTec, Inc., Coloplast A/S, B. Braun Melsungen AG, and 3M Healthcare, among several others. 

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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