How The Market Developments Of Key Players Impact The Overall Advanced Wound Dressings Market? Top Players: Medline Industries, Inc., Derma Sciences, Coloplast, ConvaTec, Integra LifeSciences

The Global Advanced Wound Dressings Market is likely to expand considerably in the coming years, driven by growing emphasis on research and development of advanced wound dressings. According to a report published by Fortune Business Insights, titled “Advanced Wound Dressings: Global Market Analysis, Insights and Forecast, 2018-2025,” the market is likely to reach US$ 8,460.8 Mn by 2025. Fortune Business Insights also states that the market was valued at US$ 5,916.8 Mn in 2018 and will exhibit a CAGR of around 4.6% in the forecast period.

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The demand for advanced wound dressings has risen to a huge extent, due to an increasing incidence of chronic and surgical wounds, around the world. There is an increasing awareness about proper advanced wound management, around the world. Advanced wound dressings can be used in healing chronic wounds such as diabetic foot ulcers, limb ulcers, and pressure ulcers. Increasing R&D initiatives have led to massive improvements in traditional wound dressings.

This, in turn has led to a shift of preference in healthcare professionals and surgeons from traditional wound dressings to advanced wound dressings. Furthermore, availability of advanced wound dressings in abundance may lead to a decline in their cost in the forthcoming years. The aforementioned factors may have a positive impact on the global advanced wound dressings market and is likely to favor growth of the market in the forthcoming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Medline Industries, Inc.
• Derma Sciences
• Coloplast
• ConvaTec
• Integra LifeSciences
• Smith & Nephew
• 3M

Alginate Dressings to Witness High Demand

Clinical efficiencies of alginate dressings have resulted in their increasing demand in recent years. The use of alginate dressings to treat wounds that have a large amount of exudate has led to an increasing adoption among surgeons and related professionals within advanced wound care clinics, globally. Furthermore, increasing demand and subsequent production have created the need for improved dressings. The demand for improvements have thereby led to innovations in advanced wound dressings and this in turn is likely to have a positive impact on the global market in the coming years.

Fortune Business Insights has stated that alginate dressings have accounted for 11.8% of the total market share in 2017 and growing popularity in the healthcare sector may boost their demand in the forthcoming years. Besides alginate dressings, recent advancements in hydrocolloid dressings may boost the global advanced wound dressings market in the coming years.

Large Patient Pool to Induce Growth in the Asia Pacific Market Fortune Business Insights has labelled out Asia Pacific as the region with the highest demand for advanced wound dressings. An increasing number of people suffering from diabetic ulcers is leading to a subsequent rise in demand for advanced wound dressings in India, Japan, and China. Furthermore, increasing geriatric population also serves well for the growth of advanced wound dressings market in Asia Pacific. According the United Nations, Japan accounts for the largest life expectancy among all countries.

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There are more people above the age of 60 in Japan and its neighbouring countries within Asia Pacific, than any other region. As the demand for advanced wound dressings is inclined towards the geriatric population, this factor is likely to favor growth of the advanced wound dressings market in Asia Pacific. Having said that, inadequate reimbursement policies in Asia Pacific are likely to hamper the growth of the regional market in the coming years.

5. Global AdvancedWound Dressings Market Market Analysis, Insights and Forecast, 2014-2025

5.1. Key Findings / Summary

5.2. Market Analysis, Insightsand Forecast – By Product
5.2.1 AlginateDressings
5.2.2 HydrogelDressings
5.2.3 FilmDressings
5.2.4Hydrocolloid Dressings
5.2.5Antimicrobial Dressings
5.2.6 FoamDressings

5.3. Market Analysis, Insightsand Forecast – By Indication
5.3.1 DiabeticFoot Ulcers
5.3.2 PressureUlcers
5.3.3 SurgicalWounds

5.4. Market Analysis, Insightsand Forecast – By End User
5.4.1Hospitals
5.4.2 Clinics
5.4.3 HomeCare Settings

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5.5. Market Analysis, Insightsand Forecast – By Region
5.5.1 NorthAmerica
5.5.2 Europe
5.5.3 AsiaPacific
5.5.4 LatinAmerica
5.5.5 MiddleEast & Africa

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