There were 647 press releases posted in the last 24 hours and 158,212 in the last 365 days.

$17.3 Billion Wound Dressing Market - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

/EIN News/ -- Dublin, Jan. 10, 2019 (GLOBE NEWSWIRE) -- The "Wound Dressing Market by Type - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

Global wound dressing market size is expected to reach $17.3 billion by 2023.

The market is mainly driven by increasing volume of surgeries; rising number of road accidents; surge in number of burn cases; growing incidence of chronic wounds such as diabetic foot ulcer, pressure ulcer, and venous ulcer; and rising prevalence of diabetes.

Insights into market segments

Advanced wound dressings and traditional wound dressings are the two types of wound dressings available in the market. Between these, the demand for advanced wound dressings is expected to witness higher growth, at a CAGR of 8.0%, during the forecast period. This is because advanced wound dressings have better efficacy than traditional wound dressings such as bandage, gauze, sponge, abdominal pad in wound healing.

Among the various advanced wound dressings, the market for superabsorbent wound dressings is expected to witness the fastest growth, with a CAGR of 10.5%, during the forecast period, mainly driven by the superior healing property of these products.

Based on application, the wound dressing market is categorized into surgical wounds, ulcers, and burns. Of these, the fastest growth during the forecast period is expected from the surgical wounds category, owing to the increasing volume of surgeries performed and increasing number of ambulatory surgical centers, globally.

North America sealed the largest share in the global wound dressing market

Globally, North America accounted for the largest share of the wound dressing market, with 40.5% share in 2017. This is attributable to increasing geriatric population, rising number of road accidents, growing number of diabetes and obesity cases, and increase in burn cases in the region.

Road accidents are responsible for the formation of severe wounds and their incidence is increasing, which is fueling the demand of wound dressing products. 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, 37,461 lives were lost on the U.S. roads in 2016, an increase of 5.6% from 2015. As a result, the demand for wound dressing is expected to increase in this region.

Key players are launching advanced wound dressing products to increase their market share

The key players operating in the wound dressing industry are launching various advanced wound dressing products in order to strengthen their position in the advanced wound dressing market. For instance, in 2017, ConvaTec Group Plc launched AQUACEL, a surgical dressing for reducing surgical site infection. It has a thin adhesive layer, to aid conformability for specific types of surgical wounds such as cesarean section and lumbar spine surgery, and also provides antimicrobial protection.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Advanced
4.1.1.1.1 Foams
4.1.1.1.2 Hydrocolloids
4.1.1.1.3 Films
4.1.1.1.4 Alginates
4.1.1.1.5 Hydrogels
4.1.1.1.6 Collagen
4.1.1.1.7 Hydrofiber
4.1.1.1.8 Wound contact layers
4.1.1.1.9 Superabsorbent
4.1.1.2 Traditional
4.1.1.2.1 Bandages
4.1.1.2.2 Gauzes
4.1.1.2.3 Sponges
4.1.1.2.4 Abdominal pads
4.1.1.2.5 Others
4.1.2 By Application
4.1.2.1 Surgical wounds
4.1.2.2 Ulcers
4.1.2.2.1 Diabetic foot ulcers
4.1.2.2.2 Pressure ulcers
4.1.2.2.3 Venous ulcers
4.1.2.3 Burns
4.1.3 By End User
4.1.3.1 Inpatient facilities
4.1.3.2 Outpatient facilities
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Adoption of smart bandages for wound management
4.2.2 Drivers
4.2.2.1 Technological advancements in wound dressing products
4.2.2.2 Rising geriatric population
4.2.2.3 Increasing volume of surgeries
4.2.2.4 Increasing number of road accidents
4.2.2.5 Rising number of burn cases
4.2.2.6 Increasing prevalence of chronic wounds
4.2.2.7 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 High cost of advanced wound dressing products
4.2.3.2 Inability of traditional wound dressing to treat severe wounds
4.2.3.3 Impact analysis of restraints on market forecast
4.3 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast
5.1 By Type
5.1.1 Advanced Wound Dressing Market by Type
5.1.2 Traditional Wound Dressing Market by Type
5.2 By Application
5.2.1 Wound Dressing Market for Ulcers by Type
5.3 By End User
5.4 By Region

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape
11.1 Product Benchmarking of Key Players
11.2 Global Strategic Developments of Key Players
11.2.1 Mergers and Acquisitions
11.2.2 Product Launches
11.2.3 Partnerships
11.2.4 Other Developments

Chapter 12. Company Profiles

  • Hollister Incorporated
  • DeRoyal Industries Inc.
  • DermaRite Industries LLC.
  • ConvaTec Group PLC
  • Johnson & Johnson
  • Smith & Nephew plc
  • Mlnlycke Health Care AB
  • Medtronic plc
  • 3M Company
  • Integra LifeSciences Holdings Corporation

For more information about this report visit https://www.researchandmarkets.com/research/q8wb5l/17_3_billion?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Wound Care 

22157.jpg


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.