Wound Dressing Market Application and Regional Analysis 2024

Wound Dressing Market Size, Share, Trend,
Outlook, Future Growth Analysis And
Synthesis By 2024
High and ever-prevailing incidence of trauma wounds, injuries, burns and chronic wounds such as
diabetic foot ulcers creates a constant and steady demand for wound dressing. Furthermore, wound
dressing is an integral part of post-surgery in order to minimize risk of hospital acquired infections
(HAIs). Therefore, with increasing surgical procedures, demand for wound dressings is expected to
increase consequently during the forecast period (2016-2024). With technological advancements, wound
dressings made of various materials such as alginates, collagens, hydrocolloids, hydrofibers, and
hydrogels have been commercialized in the wound dressings market. Depending on the condition or
wound type, an appropriate wound dressing is selected. Market players such as 3M Company, Coloplast
Corp., and Derma Sciences, Inc. are constantly focusing on extensive R&D activities in order to offer
cost-effective wound dressing products to further enhance their market presence.
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Market Dynamics
Most conventional wound dressings take longer to heal wounds as compared to advanced wound
dressing products such as anti-infective wound dressings that are widely used post-operation to prevent
risk of any hospital acquired infections (HAIs). Due to their higher functional efficiency and
effectiveness, advanced wound dressings are fast replacing conventional wound dressings. Increasing
incidence of burns, trauma wounds and injuries, and diabetic ulcers are expected to drive growth of the
global wound dressings market in the foreseeable future. Rural areas in emerging economies of Asia,
Latin America and Africa regions provide a highly lucrative and largely untapped market for market
players to capitalize upon. Practice of using cotton gauze and sterile cotton is still high in emerging
economies such as India, Brazil, China, and Indonesia, owing to it being easily available and being
relatively inexpensive.
The global wound dressings market was valued at US$ 8,269.5 million in 2015 and is expected
to witness a moderate CAGR of 6.0% during the forecast period (2016 – 2024).
Report includes chapters which deeply display the following deliverable about industry :
• Wound Dressing Market Research Objective and Assumption
• Wound Dressing Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Wound Dressing Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Wound Dressing Market, By Regions
• Wound Dressing Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Wound Dressing Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Wound Dressing Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Wound Dressing Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Increasing patient pool is expected to drive growth of the global wound dressings market
According to the American Diabetes Association (ADA), around 1% to 4% of the diabetic population in
the U.S are estimated to be affected by diabetic foot ulcers annually. Moreover, according to Diabetes
UK, prevalence of diabetic foot ulcers in diabetic patients is estimated to be 2.5%, which accounts for
around 86,000 people in the U.K. in 2015. Moreover, according to the organization, around 7,400 leg,
foot or toe amputation procedures are conducted every year in England. As per the estimation by The
American Journal of Internal Medicine, around half of the diabetic population in Canada have at least
one hospitalization in their lifespan for the treatment of diabetic foot infection.
Market Players
Key companies covered as a part of this study include 3M Company, Coloplast A/S, Derma Sciences,
Inc., Smith & Nephew plc, Medtronic, Mölnlycke Healthcare, Medline Industries, Inc., Organogenesis
Inc., Alliqua BioMedical, Inc., Integra LifeSciences Corporation, and MiMedx Group, Inc.
Detailed Segmentation:
Global Wound Dressing Market, By Product Type:
Traditional
Advanced
•
Alginates
•
Collagens
•
Films
•
Foams
•
Hydrocolloids
•
Hydrogels
•
Wound Contact Layers
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The global wound dressings market was valued at US$ 8,269.5 million in 2015 and is expected to witness a moderate CAGR of 6.0% during the forecast period (2016 – 2024).