North American Wound Dressing market is estimated to grow at a CAGR of over 5% during the forecast period. Major economies that contribute to the market include the US and Canada. The growing incidence of pressure ulcers (PU) owing to aging populations, increased per capita healthcare expenditure and the presence of major market players are driving the market in this region. According to the World Economic Forum in 2018, North America is one of the strong economies that comprise around 28% of the world economy which is one of the factors affecting the healthcare market. As per OECD, the US spends almost 17.2% of GDP on healthcare expenditure, whereas Canada spends 10.6% of GDP on healthcare.
Canada is estimated to contribute a moderate share in the wound dressing market. Factors that are driving the market growth include increasing healthcare expenditure and the significant number of emergency room visits in the country. Injuries such as fall, sports, inanimate, animate and on-road are the major types causing emergency room visits in Canada. According to the Ontario Injury Prevention Resource Centre, fall is the leading cause of injury in Ontario with a total of 850,003 injuries during 2014-16. Inanimate, sports, animate and on-road caused 698,882, 318,129, 212,889 and 129,727 injuries during 2014-16. Therefore, these emergency room visits leading to the demand for wound dressing in the country.
The North American wound dressing market is segmented on the basis of product and application. On the basis of product, the wound dressing market is categorized into two types including advanced wound dressing and traditional wound dressing. Advanced wound dressing held the highest share in 2018. Further, on the basis of application, the market is segmented into surgical wounds, traumatic wounds, ulcers, and burn.
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North American Wound Dressing Market Segmentation
By Product
- Advanced Wound Dressing
- Alginates Dressing
- Collagen Dressing
- Hydrocolloids Dressing
- Hydrogels Dressing
- Other Dressings
- Traditional Wound Dressing
- Gauze
- Lint
- Wadding
- Plasters
- Other
By Application
- Burn
- Ulcer
- Surgical Wound
- Traumatic Wound
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Regional Analysis
- United States
- Canada
Company Profiles
- 3M Co.
- AMD Medicom Inc.
- ASO, LLC
- Aspen Surgical Products, Inc.
- Avcor Healthcare Products Inc.
- Cardinal Health, Inc.
- Derma Sciences, Inc.
- Hartmann USA, Inc.
- Hollister, Inc.
- Johnson & Johnson, Inc.
- Medline Industries, Inc.
- Organogenesis, Inc
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