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Hydrocolloids Market: Growth, Trends, and Industry Dynamics | Forecast 2024-2031

02-20-2024 02:11 PM CET | Health & Medicine

Press release from: DataM Intelligence 4Market Research

DataM Intelligence

DataM Intelligence

Industry Overview
Global Hydrocolloids Market is expected to grow at a CAGR of 5.8% during the forecast period 2024-2031

A hydrocolloid refers to a colloid system characterized by hydrophilic polymer particles dispersed in water. Depending on the available water content, it can exist in various states, such as gel or solution (liquid). Hydrocolloid adhesive coating comprises colloid particles that absorb exudate, creating a hydrated gel over the wound. This gel forms a moist environment around the wound, which promotes healing and shields new tissue, aiding in the wound healing process.

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Hydrocolloids Industry Dynamics

The global market for wound care management is experiencing significant growth driven by an increase in road accidents and the growing necessity for post-surgery wound care.

The surge in road accidents, surgical procedures, and the heightened demand for wound care management, particularly among diabetic patients, are key factors propelling market expansion. For example, according to statistics provided by the Organization for Economic Co-operation and Development in 2020, numerous countries reported significant road accident fatalities, with approximately 1.3 million people succumbing to road traffic crashes annually, as reported by the World Health Organization (WHO).

Moreover, data from the Organization for Economic Co-operation and Development reveals a substantial number of major surgeries conducted globally in 2020, totaling over 40 million across 47 countries. Additionally, the International Diabetes Federation reports a staggering number of adults diagnosed with diabetes worldwide in 2021, reaching over 537 million individuals aged 20 to 79. This figure is anticipated to rise to 643 million by 2030 and further to 783 million by 2045, with diabetes being responsible for 6.7 million deaths in 2021 alone.

These statistics underscore the growing demand for wound care management solutions, including advanced wound dressings and treatments, to address the diverse needs of patients recovering from surgical procedures or managing wounds resulting from accidents or underlying health conditions like diabetes. As such, the market for wound care management is expected to continue its upward trajectory in response to these pressing healthcare challenges.

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Hydrocolloids Industry Segmentation

By Type
Sterile
Non-Sterile

By Application
Burns
Chronic Wounds
Bariatric Patients
Surgical Wounds
Necrotic Wounds
Others

By End User
Surgical Centers (ASC)
First Aid units/Homecare
Others

Hydrocolloids Industry Companies
Major players are 3M, Amparo, Euromed, Sarasota Medical Products Inc., Cardinal Health, ConvaTec, Fralock, and Hi-Tech Products Amerx Health Care Corp and Colzplast Corp.

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DataM Intelligence 4market Research LLP
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Industrial Development Area, Uppal,
Hyderabad, Telangana 500039
Website: https://www.datamintelligence.com/

DataM Intelligence 4Market Research is a market intelligence platform that gives access to syndicated, customized reports and consulting to its clients in one place. As a firm with rich experience in research and consulting across multiple domains, we are a one-stop solution that will cater to the needs of clients in key business areas. DataM Intelligence has an online platform whose coverage includes industries such as chemicals and materials, agriculture, health care services, animal feed, and food & beverages, among others. Our platform has Insights on markets that uncover the latest market research data that are distinct from the competition. With coverage across 10 major industries in the marketplace research, DataM Intelligence benefits thousands of companies by helping them take their innovations early to the market by providing a complete view of the market with statistical forecasts. Our strategy-centric framework and value-added services will let individuals and corporates ease access and custom personalization to research and markets.

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