Wound Irrigation System Market is Expected to Reach US$ 310.43 Mn up to 2027 with Bionix Development Corporation, BSN Medical, C.R. Bard, CooperSurgical, Stryker Corporation, Zimmer Biomet

Asia Pacific is the fastest growing geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. Factors leading to the growth of the wound irrigation systems market in Asia Pacific are, prevalence of chronic conditions such as diabetes, presence of associations as well as increased healthcare expenses towards wound care. For, instance The Japan Society for Surgical Wound Care (JSSWC) provides training to medical specialists to treat scars and wounds.

The global wound irrigation system market is expected to reach US$ 310.43 Mn in 2027 from US$ 238.43 Mn in 2018. The wound irrigation system market is estimated to grow with a CAGR of 3.0% from 2019-2027.

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The inorganic and organic strategies done by the players operating in the wound irrigation system market, For instance, in February 2017, Centurion launched IRIG-8 system, a new irrigation system for wound management. The newly introduced product is being used as a substitute for traditional syringes with splash caps. Thus, various product launches in the market are likely to influence the market growth during forecast period.

The List of Companies:-

• Bionix Development Corporation
• BSN Medical
• C.R. Bard, Inc
• CooperSurgical, Inc
• Stryker Corporation
• Zimmer Biomet
• SunMed
• Centurion Medical Products
• Westmed, Inc.
• PulseCare Medical, LL

According to the International Diabetes Federation (IDF), approximately 425 million people were living with diabetes in 2017, and it is expected to reach 629 million by 2045 across the globe. Hence, the factors mentioned above are anticipated to fuel the demand for wound irrigation systems market worldwide at a considerable rate during the coming years.

Chronic wounds, unlike the other types of wounds, require more extended healing periods. Common examples of chronic wounds include pressure ulcers, ischemic ulcers, diabetic foot ulcers, venous ulcers, and infectious surgical or traumatic injuries. These wounds symbolize a significant burden on patients, healthcare professionals. The condition is expected to affect almost 5.7 million patients in the United States, leading to an overall expenditure of nearly US$20 billion annually. According to the International Diabetes Federation (IDF), in 2017, the number of people with diabetes in North America was approximately 46 million, which is expected to grow at 62 million in 2045.Type 2 diabetes is the most commonly occurring form of diabetes and has increased owing to cultural and societal changes. Around 91% of adults suffer from diabetes type 2 in many of the high-income countries.

An elderly population is a group of people aged 65 and over. Population aging is poised to become one of the most significant social transformations of the twenty-first century. According to data provided by the United Nations, in 2017, there were approximately 962 million people aged 60 or over across the globe, that consists of 13 percent of the total population across the world. The community that is 60 years and above is growing at a rate of about 3 percent annually. Worldwide, the number of individuals above 80 years of age is expected to triple by 2050. Process of wound healing is extended in the aging population. Hence, the factors mentioned above are expected to fuel the demand for wound irrigation systems market during the coming years.

The global wound irrigation system market by end user segments was led by hospital segment. In 2018, the hospital segment held a largest market share of 50.56 % of the wound irrigation system market, by end user. Also, the hospital segment is expected to grow at the fastest growth rate during the forecast period, 2019 to 2027 because of advanced treatment options for patients for chronic and hard-to-heal wounds to treat.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global 3D Printing Medical Devices Market

• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

Wound Irrigation System – Market Segmentation

By Product
• Manually Operated
• Battery Operated

By Wound Type
• Burns
• Chronic Wounds
• Surgical Wounds
• Traumatic Wounds

By End User
• Hospitals
• Ambulatory Surgical Centers
• Wound Care Centers

By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)

The market for wound irrigation system is expected to grow significantly due to factors such as increasing prevalence of diabetes & related chronic wounds. However negligence towards the use of wound irrigation systems is expected to act as major restraining factor for the growth of the market. In addition, investment in research and development activities for the development of better and advanced products and technologies to be used in the healthcare industry offer great growth opportunities for the market during the forecast period. Also the future trend such as product development is expected to drive the market in coming years.

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This release was published on openPR.