Global Wound Dressing Market Worth Around USD 5.62 billion by 2026: Acumen Research and Consulting

Author: Acumen Research and Consulting

Acumen Research and Consulting announced new market study on "Wound Dressing Market (By Product - Traditional, Advanced [Moist, Foam, Alginate, Film, Hydrocolloid, Hydrogel], Antimicrobial [Silver, Non - Silver], Interactive [ Biomaterials, Skin - Substitute]) - Global Industry Size, Share, Trends and Forecast 2018 - 2026". The global moisture wound dressing market projected to grow at CAGR around 5.5% over the forecast period and reach around US$ 5.62 Bn in 2026. According to the report, the global moisture wound dressing market will continue to be influenced by a range of macroeconomic and regulatory factors. Growing health concerns, rising number of diseases and continues innovations in wound care and various advantages offered by moisture wound dressing such as less pain, optimal moisture level maintenance and quicker wound closure have boosted the growth of the global moisture wound dressing market. Global moisture wound dressing market can be segmented into product and geography.
Advanced moisture wound dressing segment to remain highly lucrative
Advanced moisture wound dressing is expected to be the leading segment of the global moisture wound dressing market during the forecast period, owing to the growing demand for advanced moisture wound dressing products for the treatment of chronic and non-healing wounds. Rise in awareness among the patients towards personal hygiene is also propelling the demand for advanced wound care products. Advanced moisture wound dressing segment is anticipated to expand at considerable CAGR throughout the forecast period from 2018 to 2026. Nowadays, patients are becoming more conscious of their health issues and are actively seeking clinically advanced treatments at an early stage. Moreover, the ability of moist wound care products to maintain sufficient moisture around the wound is helping to increase the usage of moist wound care products which further fueling the growth of the segment. Hence, the moist wound care products are rapidly being used for slow healing wounds such as diabetic ulcers and burn injuries. Furthermore, alginate dressing products are anticipated to gain considerable revenue share due to their gel forming ability and excellent absorbing capacity which helps wound to remain clean and dry. Antimicrobial products are very effective for killing microorganisms and also have high healing rate, hence the demand for antimicrobial wound care products is increasing.
North America to continue to hold largest share in the overall market
Geographically, the global moisture wound dressing market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for largest market share in year 2017 due to the early adoption of advanced clinical products and continuous development of healthcare infrastructure in the region. North America is anticipated to grow at significant CAGR over the forecast. Prominent players from the region are making considerable investments in order to introduce advanced wound care products, resulting in the growth of the market. In December 2017, Smith & Nephew launched wound bacteria visualizer “MolecuLight i:X” in order to visualize potentially harmful bacteria. The presence of a large geriatric population base and easy availability of products due to large number of distribution channels, are also contributing to the overall growth of the regional market. Also, multiple healthcare companies from the U.S. are coning with nanotechnology wound treatment. Asia Pacific is also anticipated to show lucrative growth during the forecast period. This growth is primarily attributed to the large population, rising disposable income and growing concerns about health issue among people. High percentage of diabetic patients is also expected to impact the growth of the domestic market. In addition, continuous innovations in wound care technologies and products and cost effectiveness are anticipated to offer immense opportunities for Asia Pacific moisture wound dressing market in the coming years.
3M Healthcare, HARTMANN, Medtronic Plc and Derma Sciences are expected to contribute large market shares in the global Moisture wound dressing market
The company profiling of key players in the global moisture wound dressing market includes company overview, major business strategies and revenues. The key players of the market are 3M Healthcare, HARTMANN, Medtronic Plc, Derma Sciences, ColoPlast A/S, BSN Medical GmbH, B. Braun Melsungen AG, ConvaTec, Inc., Medline Industries, Inc., Molnlycke Health Care AB, Smith & Nephew plc., Hollister Incorporated, Laboratoires URGO and Acelity L.P., Inc. Industry participant battle on the basis of price, new innovated product launch, and expanding market presence. Due to ongoing technological advancements in healthcare industry, the leading players in the market are heavily investing in wound care research.
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