Growth of the Wound Dressing Market in Hong Kong - Top Key Players are Coloplast A/S, Winner Medical Co., Ltd., Smith & Nephew, ConvaTec, Zhende Medical Co.,ltd, WAYSON MEDICAL CO ., LTD

The wound dressing market in Hong Kong is predicted to reach a value of $27.1 million by 2024, witnessing a CAGR of 5.5% during the forecast period (2019-2024). The factors responsible for the growth of the market include the increasing incidence of traumatic injuries, rising geriatric population, and surging prevalence of diabetes. Wound dressings are used for the treatment of chronic, acute other types of wounds. They accelerate the healing of the wound by providing thermal insulation, absorbing exudates, preventing the entry of infectious agents, and allowing gaseous exchange.

Global Wound Dressing Market Key Players are:
1- Coloplast A/S
2- Winner Medical Co., Ltd.
3- Smith & Nephew
4- ConvaTec
5- Zhende Medical Co.,ltd
6- WAYSON MEDICAL CO ., LTD

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The increasing prevalence of diabetes is among the major driving factors of the Hong Kong wound dressing market. As per the Centre of Health Protection, diabetes is one of the major causes of mortality and morbidity in Hong Kong. Furthermore, obese people have a higher probability of suffering from diabetes. Wound development in diabetic patients is rapid and they tend to heal slowly. For instance, diabetic foot ulcer, a chronic complication of diabetes mellitus, needs to be dressed frequently for effective management, thereby leading to the rising demand for wound dressings.

A key trend in the Hong Kong wound dressing market is the shift in preference from traditional products to advanced therapies. While traditional products facilitate dry healing when used for primary or secondary dressing, advanced variants accelerate the healing, thereby providing relief quickly to the patients. Since delayed wound healing poses challenges for both the patients and healthcare professionals, they are becoming more inclined toward adopting advanced wound dressing products, as they carry a lower risk of infections and facilitate faster healing of the wound.

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HONG KONG WOUND DRESSING MARKET SEGMENTATION
Market Segmentation by Type
o Traditional
o Bandages
o Gauzes
o Sponges
o Abdominal Pads
o Others
o Advanced
o Foams
? By hospital type
? By prescription mode
o Hydrocolloids
? By hospital type
? By prescription mode
o Films
? By hospital type
? By prescription mode
o Alginates
? By hospital type
? By prescription mode
o Antimicrobials
? By hospital type
? By prescription mode
o Hydrogels
? By hospital type
? By prescription mode
o Collagen
? By hospital type
? By prescription mode
o Hydrofiber
? By hospital type
? By prescription mode
o Wound contact layers
? By hospital type
? By prescription mode
o Superabsorbents
? By hospital type
? By prescription mode
o Negative pressure wound therapy (NPWT)
? By hospital type
? By prescription mode
o Others
Market Segmentation by Application
o Chronic Wounds
o Diabetic foot ulcers (DFUs)
o Venous leg ulcers (VLUs)
o Pressure ulcers
o Others
o Acute Wounds
o Surgical and traumatic wounds
o Burns
Market Segmentation by End User
o Hospitals and Specialty Clinics
o Inpatient settings
o Outpatient settings
o Home Healthcare
o Long-Term Care Settings

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