The latest published report by Polaris Market Research. The global “Maggot Debridement Market Share, Size, Trends, Industry Analysis Report, By Administration Type (Biobags, Loose Larva); By End Use (Hospital, Wound Care Centers, Clinics & Others); By Application; By Regions; Segment Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global maggot debridement market was valued at USD 9.5 million in 2019 and is expected to reach USD 19.7 million by 2027 to grow at a CAGR of 9.7% during 2020 – 2027. Maggot debridement therapy is defined as the future technology of the wound debridement process. Researchers are constantly developing different techniques for safe, quick, and easy wound debridement therapies. Maggot therapy helps in the treatment of pressure ulcers, neuropathic foot ulcers, non-healing dead skin & soft tissue wounds, venous stasis ulcers, and post-surgical wounds.
Recent developments in maggot debridement include the usage of sterile maggots in wound debridement therapy (MDT) in South Africa, the U.S., and Europe. The recent emergence of antimicrobial resistance has updated an interest in maggot debridement therapy utilizing the larvae of lucilia sericata and for this purpose, the Inqaba Biotec and the University of Pretoria have partnered together to expand the commercial production and for the usage of sterile maggots for wound healing in South Africa.
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The significant factors favoring the global market growth include the increasing incidents of street mishaps, surgeries, burns, trauma, and road accidents globally that are responsible for the prolonged hospitalization due to the injuries & surgeries which drive the demand for these products. Every year around 2 million people are critically injured in accidents which have led to increased demand, propelling the market growth.
A Griffith University project is investigating the usage of maggots in therapeutic medicinal purposes in compromised healthcare settings which has been granted by the Humanitarian Grand Challenge Canada. The Humanitarian Grand Challenge has also raised funds of around USD 250,000 for these project studies.
Companies such as Smith & Nephew, Monarch Labs, Coloplast, Mega Pharma (Pvt) Ltd., BioMonde, B. Braun Melsungen AG, Molnlycke Healthcare, ConvaTec, Lohmann & Rauscher, Arobella Medical, LLC Integra Lifesciences, Advancis Medical, DeRoyal Industries, RLS Global, EZ Debride & Sanara MedTech Inc. are some of the key players operating in the global market. Players in the market are focusing on mergers & acquisitions, collaborations, product extension, and geographical expansion. Also, the companies are making huge investments in research & development activities to develop new products and to compete with the other players.
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In April 2019, The RLS Global AB has announced that ChloraSolv, a wound care product, used for treating diabetic foot ulcers, has obtained a CE approval on the basis of the confirmation from Lloyd’s Register, (The Notified Body) & henceforth it is approved in 32 European countries for distribution. ChloraSolv is a Sweden based novel technology that utilizes RLS Global proprietary buffered hypochlorite technology for the debridement and cleaning of the wounds to assists in the natural wound healing process.
Regional Insight :
North America is dominating the market for maggot debridement followed by the Europe region. Rising health concerns, a surge in demand for advanced treatment, and the existence of a developed healthcare structure are some of the factors contributing to regional growth. In addition to this, the presence of several leading players is positively influencing the market growth. A high rate of road accidents, a large diabetic population, and favorable reimbursement policies in Asian countries are driving huge demand for the market of the Asia Pacific region.
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Table of Contents
Maggot Debridement Market Insights
Maggot Debridement Market Assessment by Administration Type
- Loose Larva
Maggot Debridement Market Assessment by Application
- Acute Wounds
- Burn Wounds
- Surgical & Traumatic Wounds
- Chronic Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
Maggot Debridement Market Assessment by End-Use
- Wound Care Centers
Maggot Debridement Market Assessment by Geography
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report
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