Wound Cleanser Products Market is predicted to reach a market value of US$ 2.4 Bn by 2031
The global Wound Cleanser Products Market is expected to reach US$ 2.4 Bn by the year 2031 at a CAGR of 1.5%. Healthcare systems have been basically emphasizing on affordability as well as quality of the medical services. However, now, digitization has come through, which would drive revolution in the same healthcare vertical. The life sciences would go digitally innovative. This would be the way healthcare vertical would go in the next 10 years.
According to the latest revised report published by Persistence Market Research, the wound cleanser products market is expected to witness a CAGR of 1.5% during the forecast period (2021 - 2031), to close in on a valuation of US$ 2.4 Bn by the end of 2031.
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Wound cleanser products are known to remove contaminants and foreign materials such as debris on the skin surrounding the wound and the surface of the wound, and come in solutions, sprays, gels, and wipes. These cleansers are an effective means of infection control and help in preventing hospital associated infections through reduced frequency of change in dressings during treatment. This directly translates to a decrease in the unit cost in contrast to the traditional method of wound cleansing and tending.
ConvaTec Group plc
Smith & Nephew plc
Reckitt Benckiser Group plc
Becton, Dickinson and Company
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Key Takeaways from Market Study
The global market for wound cleanser products is expected to swell 1.4X by 2031 as compared to its current market size.
The wetting agents segment, under product, is expected to hold more than 30% of revenue share in the market.
By end user, hospitals hold the highest market share in 2021, with sprays acquiring a significant market share of more than 25%.
Countries such as the U.S., Brazil, India, and China are expected to experience significant market growth over the coming years due to increase in awareness about wound cleansers and their cost-effectiveness.
The COVID-19 outbreak has had a positive impact on demand forwound cleanser products, due to rising awareness regarding hygiene and prevention of infection through contact.
The market in South Asia is projected to expand at the highest CAGR of 2.6%, closely followed by MEA at 2% CAGR, over the next ten years.
"Rise in cases of chronic wounds and diabetic foot ulcers is augmenting demand for wound cleanser products across the globe," says a Persistence Market Research analyst.
Collaboration & Acquisitions - Key Strategies by Market Players
Leading wound cleanser products manufacturers are strengthening their product portfolios through collaboration and acquisitions.
In January 2021, Integra LifeSciences completed the acquisition of ACell Inc. and its proprietary MatriStem UBM™, enabling the company to cater to complex wound management solutions in a comprehensive manner.
Various manufacturers are also focusing on growth strategies such as new product launches and FDA approvals.
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Key Questions Answered in the Wound Cleanser Products Market Report
How is the Wound Cleanser Products Market expected to grow over the projected period?
What direction is the Wound Cleanser Products Market expected to take in terms of volume and value during the forecast period?
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What are the key market drivers in the Wound Cleanser Products Market?
What are significant opportunities and improvement areas for Wound Cleanser Products Market manufacturers?
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