(PharmaNewsWire.Com, December 01, 2017 ) Wound is a disruption of skin epithelial lining or mucosa which results in thermal or physical damage. Depending upon the healing nature and duration, wound is classified into two types that is chronic wounds and acute wounds. Wounds can be caused because of the incisions made in the body during surgeries. Wound dressing is treating the wounds by both external and internal surgical procedures. Traditional wound dressings are used to treat acute wounds while advanced wound dressings are used to treat chronic wounds.
Global Wound Dressing market is majorly driven by advancements in the technologies and problems that are associated with traditional wound healing methods. Furthermore, increase in aging of population, government initiatives, and dire need of rapid and safe treatment for chronic wounds are also propelling the growth of the global wound dressing market. Rise in prevalence of lifestyle disorders leads to chronic wounds like venous leg ulcer, pressure ulcer, diabetic foot ulcer are also booming the growth of wound dressing market globally. As per to the report of American Diabetes Association, In US about 1% to 4% of diabetic patients are affected by diabetic foot ulcers every year and as per to the Diabetes UK report 2015, Prevalence rate of diabetic foot ulcers is about 2.5% of 86,000 people in UK. However, high cost associated with the treatment, lack of awareness and reimbursement issues of new technologies are the few factors which are restraining the growth of the global wound dressing market.
Global Wound Dressing Market is one of the most promising markets in medical field. Major players in global Wound Dressing market are adopting various growth strategies such as collaborations and partnerships, acquisitions and mergers, product launches and investments on R&D activities. For Instance, In May 2013, TriStar Wellness Solutions, Inc. a health and wellness company signed 3 year exclusive licensing agreement with Polytherapeutics, Inc. for its PharmaDur drug delivery technology, for OTC products focused on the treatment of specific skin conditions and wound care applications. On April 14, 2016, Integra Life Sciences Holdings Corporation and Vomaris Wound Care, Inc. entered into an agreement for marketing advanced wound care products
Geographically Global Wound Dressing Market is segmented as Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe. North America wound dressing market witnessed to dominate the global wound dressing market, owing to the rise in incidence of injuries, increase in patient awareness, presence of large pool of geriatric population and growing prevalence of diabetes. As per to the 2011 report of American Burn Association, approximately 486000 burn injuries has took place in U.S. Europe holds the second largest position in global wound dressing market due to rise in adoption of advanced technologies, presence of large number of market players etc. Asia Pacific wound dressing market is expected to offer lucrative opportunities over the forecast period owing to the rapid development of the emerging countries, rising awareness among the people, increase in prevalence of injuries and burns. As per to the WHO reports, about 1,00,000 people are suffering from burns in India and approximately 2,65,000 deaths were reported globally because of burns.
Some of the players in Global Wound Dressing Market, Smith & Nephew plc (UK), Hematris wound care GmbH (Germany), Wound Care Technologies, Inc. (US), Baxter International Inc. (US), Mölnlycke Health Care AB (Sweden), Acelity LP Inc. (US), Coloplast A/S (Denmark), ConvaTec Group Plc (UK), IonMed (Israel), Ethicon, Inc. (US), Medtronic plc (US), 3M Company (US), Derma Sciences, Inc. (US), BSN Medical GmbH (Germany).
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