Wound Dressing Market: Global Industry Trends, Market Size, Competitive Analysis and Forecast - 2018-2023

The global wound dressing market is projected to grow at a CAGR of 5.3% during the forecast period (2018-2023). Various factors including rising incidence of chronic wounds such as ulcers are significantly creating the demand for wound dressing products. Such a high incidence of chronic ulcer has a positive impact on market growth, as this will create a demand for wound dressing for the treatment of ulcers. The rising incidence of wound infection and an increasing number of surgeries also develop demand for advance as well as traditional wound care products. Increasing the incidence of wound infection due to the burn injury and traumatic injury has been fueling the growth of the market across the globe.

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The increasing incidence of chronic wounds such as ulcers is propelling the growth of the global wound dressing market. Pressure ulcers are one of the most common types of ulcers that occur in humans due to the pressure of body weight. Pressure ulcers provide a route for infection, complicate recovery of the wound, greatly increase nursing time, effort and costs, and significantly delay discharge from the hospital. In addition, it may contribute to mortality in certain patients. The prevalence of pressure ulcers is increasing in various regions that can be treated by using wound dressing, and thereby, propelling the growth of the wound dressing market.

According to the Agency for Healthcare Research and Quality (AHRQ) in 2017, more than 2.5 million individuals develop pressure ulcers in the US each year. In addition, according to the National Healthcare Systems England, 24,674 patients were reported to have developed a new pressure ulcer between April 2015 and March 2016 and treating pressure damage costs the NHS more than $4.3 million every day. The increasing burden of pressure ulcer surges the demand for the treatment of such chronic wounds which can be prevented and treated using wound dressing, thereby, contributing to the growth of the global wound dressing industry.

Additionally, the venous ulcers are associated with a high rate of recurrence and may have prolonged duration, which causes the prevalence of ulcers. Diabetic ulcers are the most common cause of leg ulcers. Many of these ulcers are a direct result of the loss of sensation secondary to peripheral neuropathy. According to NPUAP, about 15% of people with diabetes develop foot ulceration during their lifetime. One of the major difficulties of diabetes mellitus in the development of diabetic foot ulcers (DFU). The International working group on diabetic foot (IWGDF) has proposed neuropathy and angiopathy as the main risk factors for the development of DFU. These types of ulcers increase the demand for a wound dressing that is propelling the growth of the market.

Global Wound Dressing Market - Segment

By Type
• Advanced Wound Dressing
o Alginates Dressing
o Collagen Dressing
o Hydrocolloid Dressing
o Hydrogels Dressing
o Others
• Traditional Wound Dressing
o Gauze
o Lint
o Wadding
o Plasters
o Others
By Application
• Surgical Wound
• Traumatic Wound
• Ulcer
• Burn
By End-User
• Hospitals
• Clinics
• Ambulatory Service
• Homecare

Global Wound Dressing Market - Regional

North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

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This release was published on openPR.