Wound Dressing Market Future Trends and Strategy Analysis by Key Vendors Smith & Nephew plc, B. Braun Melsungen AG, Acelity L.P. Inc., Coloplast A/S, Organogenesis Inc., Mölnlycke Health Care AB, 3M Company

According to the World health Organization (WHO), there are nearly 265,000 deaths globally every year due to burns. Moreover, according to Diabetes UK, prevalence of diabetic foot ulcers in diabetic patients is estimated to be 2.5%, accounting to nearly 86,000 people in the UK in 2015. Also, foot complications are the most common reason for hospitalization globally among the diabetic patients. With a large diabetic population base in India and China, opportunity for wound dressings market is considered to be highly lucrative in these countries. With annual incidence of 1%-7% globally (article published in Diabetes Journal, 2014), wound dressings market is expected to witness growth at a CAGR in a similar range.

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Moreover, Healogics, Inc. initiated an integrated wound care community model in 2014, which provides inpatient consultation and ensures safe transition of patients out of hospitals. A small research in Midwestern U.S. from 2014 to 2016 revealed that average length of stay in acute care setting decreases from 9.41 days to 5.64 days, reducing the overall treatment cost too. Thus, an integrated approach between the stakeholders of ecosystem in the global wound dressings market is recommended to improve patient outcomes.

Alternative treatment options such as negative pressure wound therapy (NPWT) and surgical wound care products (sutures, staples, adhesives, and sealants) are expected to hinder market growth in respective applications. Therefore, in this mass competitive market, companies need to innovate consistently and offer complete range of products to address all types of wound treatment needs. Until then companies need to expand geographically to sustain their share in the global wound dressings market.

This report segments the global wound dressings market on the basis of product type, application, and geography. On the basis of product type, the global wound dressings market is categorized into traditional and advanced wound dressings. Advanced wound dressings are further analyzed for alginates, collagens, films, foams, hydrocolloids, hydrofibers, hydrogels, and wound contact layers. On the basis of application, the market is segmented into surgical wounds, burns, diabetic foot ulcers, pressure ulcers and venous ulcers. For comprehensive understanding of market dynamics, the global cryotherapy market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Some of the major players present in the global wound dressings market include Smith & Nephew plc, B. Braun Melsungen AG, Acelity L.P. Inc., Coloplast A/S, Organogenesis Inc., Mölnlycke Health Care AB, 3M Company, Derma Sciences, Inc., Medtronic, Medline Industries Inc., Alliqua BioMedical, Inc., MiMedx Group, Inc

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