Press release
Topical Wound Agents Global Market will Exceed $2.46 Billion By 2028 with a Projected CAGR of 8.8% | Pfizer Inc., Bayer AG, Novartis AG, 3M Company, Cipla Limited
Topical Wound Agents Market
As per the report, the topical wound agents market size has grown strongly in recent years. It will grow from $1.62 billion in 2023 to $1.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The topical wound agents market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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Rising Cases Of Traumatic Events And Road Accidents Is Driving Growth Of Topical Wound Agent Market
The rising traumatic events and road accidents are expected to propel the growth of the topical wound agent market going forward. Traumatic events refer to sudden, unexpected incidents that cause physical or psychological harm, while road accidents are collisions involving vehicles, resulting in injury or damage. The growing cases of traumatic events and road accidents are due to increased urbanization, higher vehicle density, distracted driving, and inadequate road safety measures. Topical wound agents are used to manage injuries resulting from traumatic events and road accidents by helping to prevent infection, promote healing, and manage pain. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based federal government agency focused on transportation safety, around 42,915 individuals lost their lives in motor vehicle traffic accidents in 2021, marking a 10.5% rise from the 38,824 fatalities recorded in 2020. Therefore, rising traumatic events and road accidents drive the topical wound agent market.
Advanced Wound Care Products To Enhance Healing Efficiency
Major companies operating in the topical wound agent market are focused on developing technological products, such as silicone-based wound care products, to improve patient comfort and effectively address challenging wound care scenarios. Silicone-based wound care products utilize the unique properties of silicone to promote wound healing, manage scars, and provide effective wound management. For instance, in January 2023, Convatec Group, a UK-based medical products and technologies company, launched ConvaFoam, a new line of advanced foam dressings for various wound types and stages, offering a simple, advanced solution for wound care and skin protection. The ConvaFoam family of dressings includes enhanced silicone technology for better adhesion and absorbency and can handle fluids for up to seven days. They include a patterned film for monitoring exudate and a superabsorbent layer.
The topical wound agents market covered in this report is segmented -
1) By Drug Type: Antiseptics, Antibiotics, Nonsteroidal anti-inflammatory agents (NSAIDS), Other Drug Types
2) By Dosage Forms: Creams, Lotions, Powders, Emulsions, Gels, Other Dosage Forms
3) By Application: Chronic Wounds, Acute Wounds
4) By End-Use: Hospitals, Clinics, Other End-Users
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Major companies operating in the topical wound agents market are Pfizer Inc, Johnson & Johnson, Novartis AG, 3M Company, Medtronic plc, Medline Industries LP, BEIERSDORF AG, B. Braun Holding GmbH and Co. KG, Smith & Nephew, Coloplast A/S, Mallinckrodt Pharmaceuticals, Mölnlycke Health Care AB, Integra LifeSciences Corporation, Hollister Incorporated, Quantum Health, Vericel Corporation, Advanced Medical Solutions Group plc, Derma Sciences Inc., Dermarite Industries LLC, ConvaTec Limited, Sonoma Pharmaceuticals Inc, Osiris Therapeutics Inc., Arch Therapeutics Inc, Leap Therapeutics Inc., Systagenix Wound Management
Contents of the report:
1. Executive Summary
2. Topical Wound Agents Market Report Structure
3. Topical Wound Agents Market Trends And Strategies
4. Topical Wound Agents Market - Macro Economic Scenario
5. Topical Wound Agents Market Size And Growth
…..
27. Topical Wound Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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