Scope of the Study
The wound dressing is the process of healing the disruption of skin epithelial lining or mucosa which results in thermal or physical damage. The wound dressing market is directly related to the incidence of road accidents, rising numbers of diabetes and obesity cases and burning cases. According to the U.S. Department of Transportation's National Highway Traffic Safety data, which was collected from all 50 states and the District of Columbia, 37,133 lives were lost on the U.S. roads in 2017, an increase of 2.1% from 2016. As a result, the demand for wound dressing is expected to increase in this region. It has been observed that increasing advanced wound dressings by the key players in manufacturing market is expected to flourish the global wound dressing market in future. The manufacturers of wound dressing products are expanding their businesses in Asia-Pacific countries as these countries are more prone to chronic ailments
The market study is being classified by Type (Advanced Wound Dressings and Traditional Wound Dressing), by Application (Diabetic Foot Ulcers, Pressure Ulcers, Venous Ulcers, Surgical Wounds, Burns and Others) and major geographies with country level break-up. According to AMA, the Global Wound Dressing market is expected to see growth rate of 5.2%
Hollister Incorporated (United States), DeRoyal Industries Inc. (United States), DermaRite Industries LLC. (United States), ConvaTec Group PLC (United States), Johnson & Johnson (United States), Smith & Nephew plc (United Kingdom), Mlnlycke Health Care AB (United Kingdom), Medtronic plc (Ireland), 3M Company (United States) and Integra LifeSciences Holdings Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Medline Industries (United States), Coloplast Corp.(Denmark), Organogenesis Inc. (United States) and Covidien PLC (Ireland).
Research Analyst at AMA predicts that United States and United Kingdom Players will contribute to the maximum growth of Global Wound Dressing market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Wound Dressing market by Type, Application and Region.
On the basis of geography, the market of Wound Dressing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Traditional , the sub-segment i.e. Artificial Skin & Skin Substitutes will boost the Wound Dressing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Inpatient Facilities will boost the Wound Dressing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Advanced, the sub-segment i.e. Foam Dressing will boost the Wound Dressing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Incidence of Diseases such as Pressure Ulcers, Diabetic Ulcers and Venous Stasis Ulcers.
- Rise in Awareness among the Patients towards Personal Hygiene.
- Collaboration and Tie Up Of Leading Players.
- Substitutes Available For wound dressing process.
- Reluctance in the Adoption of Novel Technologies at General Practitioner (GP) Level are Prophesied to Obstruct the Growth of the Wound Dressings Market.
- New Safety Features in Gauze and Tulle Offers a Great Opportunity to Most Clinic and Surgical Centers.
- Swelling Prevalence of Diabetes Leads to Growth of Wound Dressing Market.
- The Wound Dressing Won’t Control the Moisture Levels.
- Efficiency Loss while Saturated With Exudate.
Market Leaders and their expansionary development strategies
In May 2019, 3M Co. acquired Acelity Inc. with an amount of USD 6.7 billion. This acquisition is beneficial in providing advanced wound care technologies and solutions and an excellent complement to health care business.
In February 2019, Axio Biosolutions launched an innovative advanced wound care which is beneficial in comfort and faster healing to patients suffering from chronic wounds such as cavity wounds, skin abrasions and others.
“According to Food and Drug Administration (FDA) and , it’s denoted that, the Center for Devices and Radiological Health (CDRH) regulated the device does not contain antimicrobial agents that act on the body and that the guidance is not applicable for those products in which the pDADMAC leaches from the substrate. Leach ability testing is required to be submitted in the 510(k) notice for these devices to demonstrate that the drug does not leach onto the patient”.
Key Target Audience
Wound Dressing Manufacturers, Wound Dressing Traders, End-Use Market Participants of Different Segments of Wound Dressing, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase