Global Wound Dressings Market 2018-2022

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:

• Americas
• APAC
• EMEA

Technavio's report, Global Wound Dressings Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Acelity
• Coloplast
• ConvaTec
• Mölnlycke Health Care
• Smith & Nephew
• Integra LifeSciences

Market driver

• Increasing prevalence of acute and chronic wounds
• For a full, detailed list, view our report

Market challenge

• High cost of wound care treatments
• For a full, detailed list, view our report

Market trend

• Increasing demand for combination dressings
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Press Release

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.

Companies Mentioned

Acelity, Coloplast, ConvaTec, Mölnlycke Health Care, Smith & Nephew, and Integra LifeSciences.