Wound Dressing Market to Reach US$10.1 bn by 2020 due to Growing Number of Chronic Diseases: Transparency Market Research

Jan 12, 2016, 11:30 ET from Transparency Market Research Pvt. Ltd

ALBANY, New York, January 12, 2016 /PRNewswire/ --

A new Transparency Market Research report states that the global wound dressing market stood at US$7.5 bn in 2013 and is predicted to reach US$10.1 bn in 2020. It is expected to expand at a CAGR of 4.50% from 2014 to 2020. The title of the report is "Wound Dressings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020".

Browse the full Wound Dressings Market (Traditional Wound Dressings: Wound Closure Products, Basic Wound Care, Anti-infective Dressings; & Advanced Wound Dressings: Films, Foams, Hydrofiber, Hydrocolloids, Hydrogels, Collagen, Alginates) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/wound-dressing-market.html

According to the report, the prime factors boosting the market for wound dressings include the globally rising aging population and the growing prevalence of chronic diseases. In addition, the swift healing times brought about by the usage of wound dressings make them useful during emergency care. The rising incidence of wound infections raises the sale of wound dressings, thus having a positive impact on the market. Furthermore, the rising healthcare expenditure and growing awareness amongst patients about the benefits of wound dressings will also stimulate the market for wound dressings in the coming years. On the other hand, factors such as the soaring cost of advanced wound dressings may restrain demand within a number of Asian markets, thus having a negative impact on the overall market.

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The presence of small and big companies contributing to the new developments in wound dressing products has led to the strong growth prospects of the global wound dressing market during the forecast period. Some of the leading companies in the global wound dressing market are 3M Healthcare, Coloplast A/S, Johnson and Johnson, Molnlycke Health Care AB, Smith and Nephew, Paul Hartmann AG, Kinetic Concepts Inc., B. Braun Melsungen AG, and ConvaTec Inc. 

The traditional wounds dressings market has three segments, including basic wound care, wound closure products, and anti-infective dressing. Basic wound care products dominated the traditional wound dressing market in 2013. The advanced wounds dressing market has six sub-segments, including foams, films, collagen, hydrocolloids, hydrofiber, and alginates; the advanced wound dressings market is governed by foams. 

Browse Press Release of Wound Dressing Market: http://www.transparencymarketresearch.com/pressrelease/global-wound-dressing-market.htm  

On the basis of type, the wound dressing market is segmented into traditional wound care dressings and advanced wound care dressings. Traditional wound care dressings are further segmented into wound closure products, basic wound care, and anti-infective dressings. Amongst these, within traditional wound care dressings, the segment of basic wound care held the largest share in the market in 2013. This is because basic wound care products have experienced strong sales growth in emerging countries owing to them being easy to utilize. On the other hand, the segment of anti-infective dressings is predicted to experience the highest growth rate in the forecast horizon.

Advanced wound dressings are further segmented into films, foams, hydrofiber, hydrocolloids, collagen, and alginates. Amongst these, on the basis of revenue, the segment of foams emerged as the top segment in the market. This is due to the versatility of foams in terms of healing and applicability and their easy availability in stores. This segment is also expected to experience the highest growth rate in the forecast horizon. The segments of hydrofiber and hydrocolloids are also expected to exhibit an impressive growth rate in the forecast horizon. On the other hand, the segments of collagens, films, alginates, and hydrogels are poised to experience sluggish growth in the coming years.

Browse TMR Blog: Global Wound Dressing Market to Grow at CAGR of 8.8% by 2020, Market Driven by Increasing Chronic Diseases: http://www.tmrblog.com/2015/08/wound-dressings-market.html

The market is segmented as follows: 

Wound Dressings Market, By Type 

  • Traditional wound dressings 
    • Basic wound care
    • Wound closure products
    • Anti-infective dressings
  • Advanced wound dressings 
    • Foams
    • Films
    • Hydrocolloids
    • Hydrofiber
    • Alginates
    • Collagen
  • Major geographies analyzed under this research report are: 
    • Europe
    • North America
    • Asia-Pacific
    • Rest of the World 

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