Wound Dressing Market is estimated to surpass US$ 11,830.9 Million with CAGR of 6.2% by 2028 | 3M Company, Coloplast A/S, Derma Sciences, Inc., Smith & Nephew Plc

Overview:

There is an increasing demand for wound dressing owing to high incidence of trauma wounds, burns, injuries, and chronic wounds such as diabetic foot ulcers. Wound dressings are of three types, such as active, passive, and interactive. Active dressings promote healing by creating moist wound environment, while passive dressings only have protective function. Thus, there is an increasing demand for advanced wound dressings. According to the British Diabetic Association (Diabetes UK), people with diabetes have a 30-fold higher risk of amputation than the general population. This in turn increase the number of amputation surgeries, as well as the demand for wound dressings to prevent post-surgery infections.

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Drivers:

High incidence of trauma wounds, burns, injuries, and chronic wound is expected to augment the growth of the global wound dressing market over the forecast period. For instance, as per the American Diabetes Association (ADA), every year, around 1-4% of the diabetic population in the United States is estimated to be affected by diabetic foot ulcers. Moreover, according to Diabetes UK, in 2015, 2.5% diabetic population (around 86,000 people) the United Kingdom had diabetic foot ulcers, and the prevalence is increasing. Furthermore, each year, about 7,400 toe, foot, or toe amputation surgeries are performed in England.

While, as reported by the World Health Organization (WHO), every year, over 265,000 people around the world die due to burns. Moreover, every year, around 100,000 people in India suffer from burns, and is the second most common injury in Nepal. This in turn is expected to provide lucrative growth opportunities for players active in the market.

Restraints:

Product recalls, high cost of wound dressing products, and availability of alternative products are some major factors expected to hinder growth of the global wound dressing market.

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For instance, in August 2018, the Food and Drug Administration (FDA) recalled Safe N Simple LLC’s Simpurity Hydrogel Absorbent Sheet Wound Dressing because the sterilization process performed on the dressing was not certified by FDA.

Market Taxonomy:

By Product Type:

• Traditional
• Advanced

By Property:

• Antimicrobial
• Non-antimicrobial

By Application:

• Surgery
• Trauma
• Burns
• Chronic Wounds and Others

By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Centers

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Regional Insights:

Among regions, North America is expected to witness significant growth in the global wound dressing market due to the high prevalence of chronic wounds and frequent launches of novel products in the region. For instance, in April 2017, ConvaTec announced the U.S. launch of Foam Lite ConvaTec Dressing, to provide customers with wider choice for variety of wounds.

Moreover, Europe is expected to witness robust growth in the global wound dressing market due to the increasing cases of burns and increasing demand for wound dressing products in this region. For instance, as per the National Center for Biotechnology Information, 50% of Europe population were hospitalized due to severe burns in 2015.

Competitive Landscape:

Key players active in the global wound dressing market are 3M Company, Derma Sciences, Inc., Coloplast A/S, Smith & Nephew Plc, Medtronic Plc., Mölnlycke Healthcare, Medline Industries, MiMedx Group, Organogenesis, and Integra LifeSciences Corp., among others.

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Reasons to Purchase This Report

• Current and future of Wound Dressing Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Table of Contents

1. Research Objectives and Assumptions
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Product Type
     • Market Snippet, By Property
     • Market Snippet, By Application
     • Market Snippet, By End User
     • Market Snippet, By Region
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Market Trends
   • New Product Approvals/Launches
   • Epidemiology Analysis
   • Reimbursement Scenario
   • Regulatory Scenario
   • Merger and Acquisitions
   • Technology Advancements
   • Government Initiatives and Investments
   • Porter’s Analysis
   • PEST Analysis
4. Global Wound Dressings Market, By Product Type, 2019 – 2027 (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Traditional
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Advanced
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
       • Alginates
       • Collagens
       • Films
       • Foams
       • Hydrocolloids
       • Hydrogels
       • Wound Contact Layers
5. Global Wound Dressing Market, By Property, 2019 – 2027 (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Antimicrobial
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Non-antimicrobial
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
6. Global Wound Dressing Market, By Application, 2019 – 2027 (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Surgery
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Trauma
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Burns
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Chronic Wounds
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Others
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
7. Global Wound Dressing Market, By End User, 2019 – 2027 (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Hospitals
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Clinics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Ambulatory Surgical Centers
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
   • Others
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
8. Global Wound Dressing Market, By Region, 2019 – 2027 (US$ Million)
   • Introduction
     • Market Share Analysis, By Region, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, By Region, 2017 – 2027
     • Regional Trends
   • North America
     • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
     • Market Size and Forecast, By Property, 2019 – 2027, (US$ Million)
     • Market Size and Forecast, By Application, 2019 – 2027, (US$ Million)
     • Market Size and Forecast, By End User, 2019 – 2027, (US$ Million)
     • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
       • U.S.
       • Canada
   • Europe
     • U.K.
     • Germany
     • Italy
     • France
     • Spain
     • Russia
     • Rest of Europe
   • Asia Pacific
     • China
     • Japan
     • India
     • ASEAN
     • Australia
     • South Korea
     • Rest of Asia Pacific
   • Latin America
     • Brazil
     • Mexico
     • Argentina
     • Rest of Latin America
   • Middle East
     • GCC
     • Israel
     • Rest of Middle East
   • Africa
     • North Africa
     • Central Africa
     • South Africa