(PharmaNewsWire.Com, May 14, 2020 ) The global wound dressings market is expected to reach USD 8.46 Billion by 2021 from USD 6.31 Billion in 2016, at a CAGR of 6.0% from 2016 to 2021. Technological advancements in wound dressings are fueling the growth of this market. In addition, prevalence of obesity-related diseases, such as diabetes, and increasing aging population are also contributing factors for the growth of this market.
The concept of wound care has significantly evolved from traditional to advanced wound care. Currently, several advanced therapies, such as bioengineered skin, silver alginate dressings, and super absorbers are available in the market. These therapies are utilized for various injuries ranging from lacerations to pressure ulcers or deep burn injuries. The use of wound care products has helped decrease incidences of amputations and permanent disabilities.
The global wound dressings market is classified on the basis of product types into traditional wound dressings and advanced wound dressings. Traditional wound dressings are further classified into anti-infective dressings, tapes, and dry dressings and advanced wound dressings are classified into foam dressings, hydrocolloids, hydrofibers, film dressings, alginates, collagen, hydrogels, wound contact layers, and superabsorbent dressings. On the basis of application, the market is segmented into surgical wounds, diabetic foot ulcers, pressure ulcers, venous ulcers, burns, and others, of which the surgical wounds segment is estimated to account for the largest market share. The end user segment of the market is classified into inpatient facilities and outpatient facilities.
Major markets in which wound dressings are being used are burns, surgical wounds, venous ulcer, diabetic foot ulcer, and pressure ulcer. Among these applications, diabetic foot ulcers will be the major application area where wound dressings are being used.
According to the World Health Organization (WHO), there is an increase in aging population across the globe. From 2020 to 2050, there will be a twofold rise (11%-22%) in the population aged 60 years and above. The population aged 60 years and above is more likely to suffer from diabetic foot ulcers. There has been an increased emphasis on wound care management to prevent diabetic foot ulceration and foot amputation. Advanced and active wound care products are increasingly used for wound care management, as they speed up the wound healing process.
The major players operating in global wound dressings market include Smith & Nephew plc (U.K.), Acelity L.P., Inc. (U.S.), Integra Lifesciences Corporation (U.S.), Coloplast Corporation (Denmark), 3M Company (U.S.), Organogenesis Inc. (U.S.), ConvaTec Inc. (U.S.), Hollister Wound Care (U.S.), Mölnlycke Health Care AB (Sweden), and BSN Medical (Germany).
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