Global Wound Dressing market is estimated to reach $16.1 billion in 2027, by growing at a CAGR of 4.8% during the forecast period (2021-2027). Various factors including rising incidence of chronic wounds such as ulcers are significantly creating the demand for wound dressing products. According to the Agency for Healthcare Research and Quality (AHRQ), more than 2.5 million individuals develop pressure ulcers in the US in 2017. Such a high incidence of chronic ulcer has a positive impact on market growth, as this will create a demand for wound dressing for the treatment of ulcers. The rising incidence of wound infection and an increasing number of surgeries also develop demand for advance as well as traditional wound care product. Increasing incidence of wound infection due to the burn injury and traumatic injury has been fueling the growth of the market across the globe. According to the Accident Compensation Corporation (ACC), the incidence of wound infection ranges from 2 to 17.5% after trauma and from 1 to 1.5% after minor dermatological surgical procedures.
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RAPID GROWTH IN AGEING POPULATION
The rise in ageing population encourages the possibilities of diabetes that results in wound infections and chronic ulcers. The increasing application of wound dressing for reducing the infections is driving the growth of the global wound dressing market. Additionally, the ageing population increases the possibilities of pressure ulcers. The wound dressing and bandages are used to wound the infected area in pressure ulcers. The ageing population is one of the most significant social transformations of the present scenario. According to the United Nations, the number of people aged 60 years and more in 2017 was 962 million across the globe. This number is expected to get doubled by 2050 and tripled by 2100. Global population with age 60 years and more is growing faster as compared to the population of younger age groups. The population (962 million) with age 60 years and more accounts for the 13% of the global population. This ageing population is growing with the rate of around 3% per year. By 2050, a quarter or approximately half of the population of all the region of the globe will age 60 years or above. The number of ageing populations globally is expected to reach 1.4 billion by 2030; 2.1 billion by 2050; and 3.2 billion by 2100.
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Scope of the Global Wound Dressing Market
Market Coverage
- Market number available – 2021-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Type, Application and End user
- Regions Covered- North America (US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World (Middle East and Africa, Latin America)
- Competitive Landscape- BSN Medical GmbH, Coloplast Corp., ConvaTec, Inc., Covidien PLC, Derma Sciences, Inc., and Hollister, Inc.
Recent Strategic Initiatives in the Global Wound Dressing Market
- In April 2017, BSN medical was acquired by Swedish company Essity AB (SCA) global hygiene and healthcare company which develops and manufactures personal care products, consumer tissue, professional hygiene products, and solutions. The reason behind the acquisition is to bring advancement in understanding the treatment of vein disease which would not be possible without the pursuit of scientific research and a combination of expert, scientists, and R&D team.
- In February 2019 Coloplast Corp. expanded its SenSura Mio ostomy range with a new, creative, innovative range SenSura Mio Convex Flip ostomy products. The aim of this expansion was to develop an ostomate which allows meeting the need of different body shape especially for those who are overweight, obese, or have parastomal bulges or hernias.
Global Wound Dressing Market-Segmentation
By Type
- Advanced Wound Dressing
- Alginates Dressing
- Collagen Dressing
- Hydrocolloids Dressing
By Application
- Burn
- Ulcer
- . Diabetic Foot Ulcer
By End user
- Hospitals
- Clinics
- Homecare
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
