Wound Dressing Market is predicted to reach US$10.1 bn in 2020

Wound Dressing Market to Reach US$10.1 bn by 2020 due to Growing Number of Chronic Diseases

A new Transparency Market Research report states that the global wound dressing market stood at US$7.5 bn in 2013 and is predicted to reach US$10.1 bn in 2020. It is expected to expand at a CAGR of 4.50% from 2014 to 2020. The title of the report is “Wound Dressings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”.

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TheWound Dressing Market is segmented on the basis of expression system, By Type and region.

On the basis of type, the global market for wound dressings has been bifurcated into traditional wound dressings and advanced wound dressings. Further the segment of traditional wound dressings has been classified into anti-infective dressings, wound closure products, and basic wound care. The segment of advanced wound dressings has been categorized into collagen, alginates, hydrofiber, hydrocolloids, films, and foams. Basic wound care emerged as the main section of the traditional wound dressings segment in 2013. Basic wound care items, for instance, cotton dressing and sterile cotton are seeing extensive sales in developing nations, as these are anything but difficult to utilize and need minimal training.

Region-wise, Asia Pacific was the leading market for traditional wound dressings in 2013. This can be credited to the utterly price sensitive markets in this area and the solid customary foundations that direct the recuperating strategies. Extensive populaces of patients are not ready to bear the cost of cutting edge wound care or are essentially unwilling to adjust to more novel wound dressing advances because of lack of knowledge. North America, especially the U.S., was the leading market for advanced wound dressings as far as income in 2013 is concerned. However, Asia Pacific also witnessed the leading growth rate in the recent past and is likely to stay the same in the years ahead.

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Summary of Table of Content:

1 Introduction
2 Executive Summary
3 Global Wound Dressings Market Overview
4 Global Wound Dressings Market, by Products
5 Global Wound Dressings Market, by Geography6 Recommendations
7 Company Profiles

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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