Traditional Wound Management Market Projected to Reach US$ 5,746.0 Mn by 2026
Wound care is a billion dollar market accounting for a massive proportion of healthcare expenses globally. Traditional wound management products are intended for managing non-severe as well as acute wounds. There is a steady demand for traditional wound managing first aid products globally in home care settings as well as in hospitals. Products such as gauze bandages and adhesive bandages enjoy sustainable demand for small cuts, bruises, etc. and are widely in use. The worldwide market for traditional wound management is expected to witness a moderate growth rate in terms of value owing to a rising geriatric population and increasing cases of burns and trauma across the globe.
Traditional Wound Management Market Report Overview@ https://www.futuremarketinsights.com/reports/traditional-wound-management-market
Growing incidence of diabetic ulcers, an increasing geriatric population, sustainable demand for first aid and versatility of products, higher procurement by hospitals, and limited reimbursement for advanced wound management products are some of the key factors driving the growth of the global traditional wound management market. However, decreasing popularity of traditional wound management products due to adoption of alternative therapies such as advanced wound care, negative pressure wound therapy, and active wound management is likely to slow down the growth of the global traditional wound management market over the forecast period. A high demand for low-frequency dressing change in acute care settings, high economic costs associated with wound care, and inconsistent research findings regarding the efficacy of traditional wound management products are some of the other major restraints likely to hamper market growth over the forecast period.
Greater access to primary healthcare services owing to a growing disposable income per capita, joint efforts by supply chain executives to increase efficiency (higher reimbursement for hospital supplies facilitated through cost sharing between key stakeholders across the value chain), and rising governmental support in the form of deeper collaborative research in developed economies is creating high potential growth opportunities for players operating in the global traditional wound management market. Rising popularity of non-woven gauzes in wound care and wound management activities owing to its virtually non-adherent and faster wicking ability; increasing focus by payers on patient care; growing consumption of wound care products due to a rise in the occurrence of diabetic ulcers and other chronic diseases; rapidly expanding outpatient wound care practices in ambulatory care centres; and the utilisation of traditional wound management products with innovative solutions are some of the key trends likely to shape the global traditional wound management market during the forecast period.
Request to View Table of Contents@ https://www.futuremarketinsights.com/reports/traditional-wound-management-market/toc
Market projections based on segmentation
By Product Type (Bandages, Gauzes, Gauze Sponges, Sponges): The Gauzes segment is estimated to account for 39.3% revenue share of the global traditional wound management market by 2016. The Bandages segment is estimated to account for 16.7% revenue share by 2016. Cotton gauzes find extensive usage in medical dressings, bandages, and production of wound adhesions due to their non-adherent nature. The Gauzes segment is expected to expand at the highest CAGR of 3.3% in terms of value over the forecast period owing to an increasing usage of non-woven gauzes due to the high absorbent nature of non-woven material.
By Application (Skin and diabetic ulcers, Burns, Surgeries, Trauma, Others (skin cuts, primary dressings, etc.)): The Skin and diabetic ulcers segment is estimated to account for 16.7% revenue share by 2016 and is expected to expand at a CAGR of 2.8% in terms of value over the forecast period. The Burns segment is anticipated to be valued at US$ 353.6 Mn by 2026, expanding at a CAGR of 2.4% over the forecast period. The Surgeries segment is likely to witness increased growth over the forecast period owing to an increasing number of surgical procedures carried out across the globe – a direct offshoot of the rising global expenditure on healthcare facilities and treatment options. The Surgeries segment is expected to be the most lucrative segment in the global traditional wound management market with an attractiveness index of 2.9.
By End User (Hospitals, Clinics, Diagnostic Centres, Homecare Settings, Ambulatory Surgical Centres): The Hospitals end user segment is expected to be the most lucrative in the global traditional wound management market and is estimated to account for 48.3% revenue share by the end of 2016. The Ambulatory surgical centres segment is expected to expand at a CAGR of 3.0% in terms of value over the forecast period. The Clinics segment is anticipated to be valued at US$ 674.7 Mn by 2026, expanding at a CAGR of 2.7% over the forecast period.
Market forecast by region
Sales of traditional wound management products have remained quite robust in the U.S. in the recent past, making North America the most lucrative market globally. In terms of value, North America is expected to be the dominant regional market in 2016 and is estimated to account for 48.3% revenue share by the end of 2016. The North America market is expected to expand at a CAGR of 3.4% over the forecast period. Traditional wound management sales are also growing steadily in the Japan, MEA, and APEJ markets. Revenues in APEJ are anticipated to increase at a CAGR of 3.6% while the MEA market is anticipated to increase at a CAGR of 3.2% and the Japan market is anticipated to increase at a CAGR of 3% over the forecast period.
A Sample Report is Available Upon Request@ https://www.futuremarketinsights.com/reports/sample/rep-gb-857
Lenzing AG, Smith and Nephew Plc., B. Braun Melsungen AG, Johnson & Johnson Consumer Inc., Medtronic Plc., Cardinal Health Inc., Derma Sciences Inc., Paul Hartmann AG, Mölnlycke Health Care, Medline Industries, Inc., DUKAL Corporation, and BSN Medical are some of the leading players operating in the global traditional wound management market.
About Us –
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Traditional Wound Management Market Projected to Reach US$ 5,746.0 Mn by 2026 here
News-ID: 709936 • Views: 111
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small