Wound Dressings Market Growing at 6% CAGR to 2021 Dominated by Foam Dressings Segment

Jun 27, 2016, 08:30 ET from Life Science Industry Research

PUNE, India, June 27, 2016 /PRNewswire/ --

The global wound dressings market is set grow at a 6% CAGR to hit USD 8.46 billion by 2021 wherein alginate dressings is the current fastest-growing segment of wound dressings market driven by its advantages like capacity to absorb 20 times its weight in exudates and facilitates the process of autolytic debridement.

Complete report on machine vision market across 184 pages, profiling 12 companies and supported with 98 tables and 96 figures is now available at http://www.lifescienceindustryresearch.com/wound-dressings-market-by-type-advanced-wound-dressings-traditional-wound-dressings-application-surgical-wounds-ulcers-burns-end-user-inpatient-facilities-outpatient-facilities-global-fo.html

In 2016, the advanced wound dressings segment is expected to contribute 77.2% share to the overall market. Introduction of new and advanced wound dressing products is fueling the growth of wound dressings market. In advanced wound dressings, the foam dressings segment is estimated to be valued highest in 2016, and is projected to continue holding largest share throughout the forecast period. Europe is the major market for this segment. The high share of foam dressings segment is attributed to increasing patient awareness regarding advanced wound products, increasing incidences of diabetes, and increase in aged population.

Companies operating in the advanced wound care market have received FDA approvals to increase their product offerings in this market. Key players operating in this market include Smith & Nephew plc (U.K.), 3M Company (U.S.), Conva Tec Inc. (U.S.), Hollister Wound Care (U.S.), Molnlycke Health Care AB (Sweden), and BSN Medical (Germany).

Alginate dressings are biodegradable, reduce pain, and keep the tissues moist during healing. Alginate dressings help in the absorption of wound exudates and form a gel-like covering over the wound, which further aids in retention of moisture. The alginate has the capacity to absorb 20 times its weight in exudates and facilitates the process of autolytic debridement. These advantages of alginates over other dressings are expected to drive the growth of alginates segment at the highest CAGR during the forecast period.

Alginate dressings are best suited for pressure and diabetic foot ulcers and venous leg ulcers, post-operative wounds, cavity wounds, traumatic wounds, malignant wounds, pilonidal sinus wounds, partial thickness burns, graft donor sites, and abrasions. They are also used to control minor bleeding. New products in alginate segment are being developed by several companies. Key players in the alginate market include Smith & Nephew plc (U.K.), 3M Company (U.S.), Hollister, Inc. (U.S.), and Mölnlycke Health Care AB (Sweden). Order a copy of Wound Dressings Market by Type (Advanced Wound Dressings, Traditional Wound Dressings), Application (Surgical Wounds, Ulcers, Burns), End User (Inpatient Facilities, Outpatient Facilities) - Global Forecast to 2021 research report available at http://www.lifescienceindustryresearch.com/purchase?rname=120296

From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the wound dressings market; high-growth regions; and market drivers, restraints, and opportunities.

On a related note, another research on Wound Care Market Global Forecast to 2021 says, the market in terms of value is expected to reach USD 20.4 billion by 2021 from USD 17.0 billion in 2016, growing at a CAGR of 3.6% from 2016 to 2021. Countries such as China, India, Australia, Japan, and Brazil are expected to serve as new revenue in the coming five years. This market report is categorized on the basis of products, wound type, end users, and region. Companies like 3M Company, Baxter International, Inc., Coloplast A/S, Convatec Healthcare B.S.A.R.L, Covidien PLC, Derma Sciences, Inc., Ethicon, Inc., Hollister, Inc., Ethicon, Inc., Acelity L.P, Mölnlycke Health Care and Smith & Nephew have been profiled in this 301 pages research report available at http://www.lifescienceindustryresearch.com/wound-care-market-traditional-wound-care-advanced-wound-care-active-wound-care-negative-pressure-wound-therapy-other-therapy-devices-current-trends-opportunities-global-forecasts-2011-2.html

Explore more reports on the Medical Devices market at http://www.lifescienceindustryresearch.com/category/medical-devices

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