Wound Dressings Market Growth Statistics 2022 Industry Demand, Share Evaluation, Prominent Players Strategies, Size, SWOT Analysis, COVID-19 Impacts, Forthcoming Developments, Upcoming Investments and Forecast 2030

(Heraldkeepers via Comtex)

Wound Dressings Market is valued approximately USD 7.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2020-2026.

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market's future growth.

. Wound dressings are utilized in wound care therapies for the treatment of injuries. Wound dressing products are used to treat minor injuries, along with in the treatment of serious problems, such as complex and chronic wounds, such as burns. These chronic wounds lead to complications, such as ulceration, infection, and insufficient blood supply, consequently, expanding the wound recovery time. Wound dressing products have increased traction in recent times with the growing incidences of injuries.

As per the World Health Organization, about 305 million traumatic, acute and burn injuries are recorded and treated annually considering the global scenario. Similarly, according to the study by the Journal of Clinical Investigation, about 15% of the entire diabetic population undergoes from diabetic foot ulcers. Therefore, the increasing patient pool of diabetic will increase the number of patients with diabetic foot ulcers. As per International diabetic Federation, the global projection of diabetes is likely to reach 700 million by 2045 from 463 million in 2019. High prevalence in the occurrence of diabetes and other incessant diseases could make tremendous interest for wound dressings.

Furthermore, rising incidences of chronic wounds, ulcers and diabetic ulcers, rising number of road accidents along with increase in volume of surgical procedures worldwide are prominent factor contributing towards market growth. Technological Advancements coupled with government Initiatives likely to create significant growth opportunity in the market over the forecast period. However, high cost of advanced wound dressing products impedes the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Wound Dressings market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of better healthcare infrastructure and a rising number of surgical procedures in the region.

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Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as low pricing of the wound care products, less expensive healthcare facilities available in terms of wound care, and a general prevalence of large number of injuries would create lucrative growth prospects for the Wound Dressings market across Asia-Pacific region.

Major market player included in this report are:

Acelity L.P., Inc.
Smith and Nephew PLC
Integra Lifesciences Holdings Corp.
Molnlycke Health Care
ConvaTec Group plc.
Coloplast Corp.
Organogenesis Holding Inc.
Medline Industries, Inc.
3M Company
Covidien PLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Application:
Surgical Wounds
Diabetic Foot Ulcers
Venous Ulcers
Pressure Ulcers
Burns
Others
By End User:
Inpatient Facilities
Outpatient Facilities
By Product type:
Traditional Wound Dressings
Advanced Wound Dressings

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2016, 2017, 2018
Base year - 2019
Forecast period - 2020 to 2026

Target Audience of the Global Wound Dressings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

What are the aspects of this report that relate to regional analysis?

The report's geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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Source - HeraldKeeper
Note: The Heraldkeeper News Department was not involved in the creation of this content.

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COMTEX_400569609/2582/2022-01-15T08:30:05