Registering a CAGR of 8.7 %over the forecast period, the market value of Wound Dressing is expected to reach US$ 11.2 billion in the year 2027.
The increased prevalence of chronic wounds, ulcers, and diabetic ulcers, as well as an increase in the volume of surgical procedures worldwide, are driving the wound dressings market forward.
The report aspects discussed the profile of the top manufacturers of the global Wound Dressing market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Wound Dressing Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Chronic wounds lead to complications, such as infection, ulceration, and insufficient blood supply, thus, increasing the wound healing period. The most common chronic wounds include venous ulcers, diabetic foot ulcers, and pressure ulcers. Wound dressing products and appropriate care to address the underlying defect have gained traction in recent times. Diabetes, obesity, and the late effects of radiation therapy are some of the other factors contributing to the rising incidence of chronic wounds.
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The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The United States is expected to be the largest wound dressings market owing to the presence of better healthcare infrastructure and a rising number of surgical procedures in the region. The statistics show that around 30.3 million people in the United States were suffering from diabetes in 2017, and subsequently, the number is increasing. The high number of diabetic population in the country is indicating that there are chances of rising cases of diabetic ulcers, which are showing moderate prevalence. For instance, the National Institute of Health has stated that the incidence of DFU (Diabetic Foot Ulcers) in the United States was 15% in the year 2018. This is augmenting the demand for the wound dressing products in the country and ultimately, the Wound Dressings market is growing.
The Wound Dressing Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Wound Dressing Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Wound Dressing Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Wound Dressing Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Forecast Period 2022 to 2027 CAGR
CAGR of 8.7% during the review period (2022 to 2027).
3M Healthcare, Coloplast A/S (Copenhagen :COLO-B.CO), Medline Industries, Brødrene Hartmann A/S (Copenhagen :HART.CO), BSN Medical, Medtronic Plc, Smith & Nephew, ConvaTec, Derma Sciences
• North America
• Rest of the World
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
2017 to 2021
2022 to 2027
Number of Pages
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The Wound Dressing Market is studied from 2017 - 2027.
Who are the key players in Wound Dressing Market?
3M Healthcare, Coloplast A/S (Copenhagen :COLO-B.CO), Medline Industries, Brødrene Hartmann A/S (Copenhagen :HART.CO), BSN Medical, Medtronic Plc, Smith & Nephew, ConvaTec, Derma Sciences, Systagenix, B. Braun Melsungen AG, Derma Sciences, Kinetic Concepts, Molnlycke Health Care, PAUL HARTMANN AG and others.
What are the significant types of Wound Dressing Market?
Traditional Wound Dressing, Advanced Wound Dressing, Others
What are the major end-use applications of the Wound Dressing Market?
Hospital, Household, Travel, Others.
What segments are covered in the Wound Dressing Market report?
The Global Wound Dressing Market is Segmented on the basics of Product, Application, and Geography.
How can I get a sample report/company profile for the Wound Dressing Market?
The sample report for the Wound Dressing Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.