DUBLIN--(BUSINESS WIRE)--The "Traditional Wound Management Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Traditional Wound Management Products estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$6.7 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027.
Gauzes, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$3.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bandages segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 5% CAGR
The Traditional Wound Management Products market in the U.S. is estimated at US$1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$990.9 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Other Products Segment to Record 4.3% CAGR
In the global Other Products segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$868.2 Million by the year 2027, while Latin America will expand at a 4.7% CAGR through the analysis period.
Select Competitors (Total 100 Featured) -
- 3M Healthcare
- B.Braun Melsungen AG
- Beiersdorf AG
- Cardinal Health, Inc.
- Cremer S.A.
- Johnson & Johnson
- Medline Industries, Inc
- Molnlycke Health Care AB
- Paul Hartmann AG
- Vernacare
- Zee Medical
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Providing Wound Care Amid COVID-19 Pandemic
- COVID-19 Impact on the Healthcare Sector
- US Percentage Change in Weekly Outpatient Visits in First Quarter of 2020 Vs 2019
- Telemedicine, Remote Patient Monitoring Takes Center Stage
- Home Care Gains Preference Led by Low Risk of Exposure
- Physician Visits and Office-Based Labs and Ambulatory Surgery Centers Emerge as Other Viable Options
- Wounds & Wound Management: A Prelude
- Traditional Wound Care Market
- Product Scope and Definitions
- Emerging Markets Drive Growth Opportunities
- Rising Incidence of Chronic Diseases and Wounds Propel Global Traditional Wound Management Market
- Chronic Wounds: Select Statistics
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Smart Bandages Gain Interest
- Smartphone-controlled Smart Bandages
- Spray Bandages: An Emerging Area of Growth
- Adhesive Bandages Explore Novel Design Variations
- Select Recent Product Developments and Innovations
- Recent Innovations
- Traditional Burn Care Dressings Give Way to Advanced Products
- First-Aid Sustains Demand for Adhesive Bandages
- Gauze: Still a Highly Used Product
- Topical Ointments: An Ever-Green Wound Management Solution
- Trend towards Home Care and Self-Treatment Boost Demand
- Advanced Wound Care Options Impact Market Growth
- Rise in Prevalence of Pressure Ulcers Drive Focus on Novel Treatment Solutions
- Growing Focus on Developing Patient-Centric Products Hurt Market Prospects
- Reduced Economic Costs Triggers Transition to Advanced Products
- MACRO GROWTH DRIVERS
- Aging Population: A Strong Growth Driver
- Rising Incidence of Diabetes to Propel Market Growth
- Diabetic Foot Ulcers: An Expanding Area of Focus
- Impact of Healthcare Expenditure on Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ap4253
