Global Wound Dressing Market Growth Rises With Rise In Patients Having Major Injuries 2018 To 2026 With Key Players 3M Company, Coloplast A/S, Derma Sciences, Inc., Smith & Nephew plc, Medtronic, Mölnlycke Healthcare

Diabetes UK estimates that diabetic patients are 30 times more likely to have an amputation compared to general population. With such high probability, a large number of amputation surgeries are witnessed each year, subsequently requiring effective wound dressing to prevent infection post-surgery.

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Wound dressings are broadly classified into three categories, namely active, passive, and interactive dressings. While passive wound dressings have protective function, active wound dressings promote healing by creating a moist wound environment. Thus, demand for advanced wound dressings such as hydrogels and foams would subsequently increase. Interactive dressings on the other hand, create a moist wound environment and also interact with the wound bed components to enhance wound healing. Dressings such as hydrogels and alginates require secondary dressing, as they are permeable and non-occlusive. Composites multi-layer dressings are relatively expensive and can be used for primary and secondary wound dressing. The global wound dressings market is expected to be driven by increasing demand for advanced wound dressings.

The global wound dressings market was valued at US$ 8,269.5 million in 2015 and is expected to witness a moderate CAGR of 6.0% during the forecast period (2018 – 2026).

Market Dynamics

Most conventional wound dressings take longer to heal wounds as compared to advanced wound dressing products such as anti-infective wound dressings that are widely used post-operation to prevent risk of any hospital acquired infections (HAIs). Due to their higher functional efficiency and effectiveness, advanced wound dressings are fast replacing conventional wound dressings. Increasing incidence of burns, trauma wounds and injuries, and diabetic ulcers are expected to drive growth of the global wound dressings market in the foreseeable future. Rural areas in emerging economies of Asia, Latin America and Africa regions provide a highly lucrative and largely untapped market for market players to capitalize upon.

Practice of using cotton gauze and sterile cotton is still high in emerging economies such as India, Brazil, China, and Indonesia, owing to it being easily available and being relatively inexpensive. Therefore, costlier advanced wound dressings are facing the heat of lower demand in these economies. However, with high economic growth, increasing government focus towards improving the healthcare infrastructure, and growing efforts by major players to introduce low-cost advanced products is expected to pave way for strong growth of major players in the wound dressing market.

Competitors in the Market

ey companies covered as a part of this study include 3M Company, Coloplast A/S, Derma Sciences, Inc., Smith & Nephew plc, Medtronic, Mölnlycke Healthcare, Medline Industries, Inc., Organogenesis Inc., Alliqua BioMedical, Inc., Integra LifeSciences Corporation, and MiMedx Group, Inc.

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Detailed Segmentation:

Global Wound Dressing Market, By Product Type:
Traditional
Advanced
-Alginates
-Collagens
-Films
-Foams
-Hydrocolloids
-Hydrogels
-Wound Contact Layers

Global Wound Dressing Market, By Property:
Anti-microbial
Non Anti-microbial

Global Wound Dressing Market, By Application:
Surgery
Trauma
Burns
Chronic Wounds
Others

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