DUBLIN--(BUSINESS WIRE)--The "Advanced Wound Dressing Market Size, Share & Trends Analysis Report by Product (Foam Dressings, Film Dressings), by Application, by End Use (Hospitals, Specialty Clinics, Home Healthcare), by Region, and Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global advanced wound dressing market size is expected to reach USD 9.9 billion by 2028. The market is expected to expand at a CAGR of 5.5% from 2021 to 2028.
An increasing number of accidents, the impact of COVID-19, and technological advancements are the key driving factors for the market. The increasing incidence of accidents such as road accidents, burns, and trauma events across the globe is anticipated to drive the market. For instance, as per the WHO (2018), around 1,000,000 people are severely or moderately burnt in India per year. In addition, as per NCBI, in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a rise in the incidence of burn injuries.
Furthermore, as per the American Association for the Surgery of Trauma, in 2017, around 1.2 million people died globally, accounting for the deaths of around 3,242 people per day in road accidents every year. Road accidents mostly occur in middle- or low-income countries. The advanced wound dressing is majorly used for the faster healing of all kinds of burns injuries. Moreover, bandages and gauzes are also used for the treatment of minor injuries. Thus, the rising number of accidents is expected to boost the demand for advanced wound dressing, which is expected to lead to considerable market growth over the forecast period.
The rising number of surgical procedures is also expected to boost the demand for home healthcare services. According to the American Society for Metabolic and Bariatric Surgery (ASMB) in 2018, the number of people underwent sleeve gastrectomy increased by 8.05% from 2016 to 2017 in the U.S. Patients undergoing surgeries are required to stay at hospitals for a longer period of time; thus, most patients prefer home healthcare services over hospital stays.
Companies Mentioned
- Smith & Nephew PLC
- Molnlycke Health Care AB
- CONVATEC GROUP PLC
- BAXTER
- Coloplast Corp.
- Medtronic
- 3M
- Derma Sciences Inc.
- Medline Industries, Inc.
Advanced Wound Dressing Market Report Highlights
- In terms of revenue, the foam dressings segment held the largest revenue share in 2020. The rising number of road accidents across the globe is the major factor propelling segment growth.
- The acute wounds segment held the largest revenue share in 2020 and is expected to witness the fastest growth rate over the forecast period due to the increasing number of surgeries.
- The hospitals' segment held the largest revenue share in 2020. The growth of the segment is majorly driven by the increasing number of hospitals.
- In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of chronic injuries.
Key Topics Covered:
Chapter 1 Research Methodology
Chapter 2 Objectives
Chapter 3 Executive Summary
Chapter 4 Advanced Wound Dressing Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent market outlook
4.1.2 Ancillary Market
4.2 Penetration & Growth Prospect Mapping
4.3 Product Pipeline Analysis
4.4 Regulatory Framework
4.5 Market Dynamics
4.5.1 Market driver analysis
4.5.1.1 Global increase in prevalence of chronic diseases
4.5.1.2 Increasing demand for reducing hospital stay
4.5.1.3 Rising number of accidents
4.5.2 Market restraint analysis
4.5.2.1 Stringent manufacturing policies
4.5.2.2 Rising treatment cost
4.6 Advanced Wound Dressing Market Analysis Tools
4.7 Major Deals & Strategic Alliances Analysis
4.8 COVID-19 Market Impact
4.9 Market Entry Strategies
Chapter 5 Advanced Wound Dressing Market: Segment Analysis, By Product, 2016 - 2028 (USD Million)
5.1 Definitions & Scope
5.2 Product Market Share Analysis, 2020 & 2028
5.3 Advanced Wound Dressing Market, by Product, 2016 to 2028
5.4 Market Size Forecasts and Trend Analysis
Chapter 6 Advanced Wound Dressing Market: Segment Analysis, By Application, 2016 - 2028 (USD Million)
6.1 Definitions & Scope
6.2 Application Market Share Analysis, 2020 & 2028
6.3 Advanced Wound Dressing Market, by Application, 2016 to 2028
6.4 Market Size Forecasts and Trend Analysis
Chapter 7 Advanced Wound Dressing Market: Segment Analysis, By End Use, 2016 - 2028 (USD Million)
7.1 Definitions & Scope
7.2 End Use Market Share Analysis, 2020 & 2028
7.3 Advanced Wound Dressing Market, by End Use, 2016 to 2028
7.4 Market Size Forecasts and Trend Analysis
Chapter 8 Advanced Wound Dressing Market: Regional Market Analysis, By Product, Application, and End Use, 2016 - 2028 (USD Million)
8.1 Definitions & Scope
8.2 Regional Market Share Analysis, 2020 & 2028
8.3 Regional Market Snapshot
8.4 Market Size Forecasts & Trend Analysis
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East & Africa
Chapter 9 Advanced Wound Dressing Market: Competitive Analysis
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