A detailed report on the global wound dressings market has been
published by Transparency Market Research. The report, titled “Wound
Dressings Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020,” states that the market is
projected expand at a CAGR of 4.5% during the period between 2014 and
2020. The wound dressings market worldwide was worth US$7.53 bn in
2013 and is anticipated to reach a valuation of US$10.16 bn by 2020.
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In the global wound dressings market, traditional wound dressings
have been preferred by patients and health practitioners alike due to
their low prices and favorable reimbursement policies. However,
advanced wound dressings are increasingly accepted among the medical
fraternity due to their faster healing time.
The rapid growth of geriatric population, coupled with the growing
prevalence of chronic diseases has fuelled the demand for wound
dressings. The increased focus on faster healing time, increasing
patient awareness, and rise in healthcare expenditure have supported
the market’s growth.
Furthermore, the rise in the incidences of
wound infections has promoted the sale of wound dressings. However,
unfavorable reimbursement scenarios in some countries and the high
cost of advanced wound dressings might restrain the growth of the
market. The global wound dressings market has a significant
opportunity to grow with the development of combination dressings.
On the basis off type of wound dressing, the global wound dressings
market has been segmented into advanced and traditional wound
dressings. Traditional wound dressings have been further divided into
wound closure products, basic wound care, and anti-infective
dressings. The demand for basic wound care was the highest in 2013.
During the forecast period, anti-infective dressings including
iodine-based dressings and plant-based antiseptic dressings are
expected to witness increased demand. The rise in geriatric
population has boosted the demand for anti-infective dressings.
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On the other hand, advanced wound dressings have been sub-segmented
into films, hydrofiber, hydrocolloids, collagen, alginates, and
foams. The availability of a wide range of foams in terms of
applications and healing has driven the demand from the advanced
wound care dressings market. In the coming years, foams are expected
to witness rapid growth owing to the development of their core
design.
The report projects the growth of the global wound dressings market
across North America, Asia Pacific, Europe, and Rest of the World.
Asia Pacific was the leading traditional wound dressings market in
2013. The market across the Rest of the World has registered the
highest demand for the traditional wound dressings segment and is
anticipated to dominate the overall market throughout the forecast
horizon. Price sensitivity is a major factor governing the growth of
the traditional wound dressing segment in Rest of the World. In terms
of revenue, the U.S. was the leading market for advanced wound
dressings across North America in 2013.
The global wound dressings market is fragmented with smaller
companies registering significant growth across particular product
segments. Some of the prominent players in the global wound dressings
market are ConvaTec, Inc., Molnlycke Health Care, B. Braun Melsungen
AG, Kinetic Concepts Inc., Medline Industries Inc., Systagenix Wound
Management Ltd., Derma Sciences Inc., 3M Health Care, Smith &
Nephew plc, Coloplast A/S, and PAUL HARTMANN AG.
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