Global Wound Dressings Market 2018-2022
About Wound Dressings
Wound dressings are sterile. Sometimes, they contain medication. They are applied to cover a wound or lesion using aseptic technique to promote healing and protect the wound from further harm.
Technavio’s analysts forecast the global wound dressings market to grow at a CAGR of 5.06% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global wound dressings market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Wound Dressings Market 2018-2022
Technavio recognizes the following companies as the key players in the global wound dressings market: Acelity, Coloplast, ConvaTec, Mölnlycke Health Care, Smith & Nephew, and Integra LifeSciences.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for combination dressings. Antimicrobial agents such as silver, iodine, and honey are increasingly becoming important in the global wound dressings market. Many advanced wound dressings are incorporating these antimicrobial agents to improve the outcome of the treatment of wounds. These dressings comprise two or more types of chemical and physical properties to ensure optimum functionality. These dressings are versatile and convenient to use in both partial and full-thickness wounds.”
According to the report, one driver in the market is increasing prevalence of acute and chronic wounds. The increasing prevalence of acute wounds such as surgical wounds and traumatic wounds such as abrasions, punctures, lacerations, and incision and chronic wounds such as venous ulcers, diabetic ulcers, and pressure ulcers and the rising geriatric population are estimated to increase the demand for wound dressings. More than 250 million acute wound cases, approximately 50 million traumatic wound cases, and more than five million burn cases are recorded and treated every year globally.
Further, the report states that one challenge in the market is high cost of wound care treatments. The high cost of advanced wound dressings affects the growth of the global wound dressings market. It is estimated that every year, the expenditure on wound care exceeds more than $45-$55 billion in the US. The average cost of wound treatment is estimated to be around $3,900-$4,000. Advanced wound dressings such as foam dressings are expensive. For instance, the material cost per change for Smith & Nephew's ALLEVYN Foam Dressing is approximately $9.83.
Acelity, Coloplast, ConvaTec, Mölnlycke Health Care, Smith & Nephew, and Integra LifeSciences.