North America and Western Europe wound irrigation solution markets cumulatively are expected to account for over 57.0% revenue share of the global wound irrigation solution market
Rockville, MD -- (SBWIRE) -- 12/06/2018 -- Enhanced method of wound cleansing and healing has been accomplished by growing acceptance of standardized protocols to manage complex wounds, collaborative agreement among manufacturers and distributers attributing to wound irrigation solution growth. Wetting agents in wound irrigation solution minimize tissue damage, remove biofilm and prevent its formation, reducing the healing time of wounds.
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There are two potential types of wound irrigation solutions, namely wetting agents and antiseptics. The increasing demand for advanced wound care products, such as wetting agents and antiseptics owing to the growing number of chronic wounds, is expected to boost the demand for wound irrigation solution worldwide.
According to the latest market report published by Fact MR, titled 'Global Wound Irrigation Solution Market: Forecast, Trend Analysis & Competition Tracking - Global Review: 2018- 2028', the global wound irrigation solution market is expected to expand at a significant CAGR during the forecast period 2018–2028.
Increasing prevalence of acute and chronic wounds coupled with increasing adoption of wound irrigation solution in wound care is expected to boost the growth of the wound irrigation solution market over the forecast period. Several healthcare facilities are focusing on implementing several educational programs to raise awareness regarding benefits of wound care technologies, which is expected to drive the demand for wound irrigation solution. Increasing preference for wound irrigation solution on the account of their high specificity and efficacy in cleaning and healing of wounds with strong presence of distribution channel is further projected to drive the growth of the wound irrigation solution market. Besides, rising aging population with diabetes, increasing adoption of advance wound care products and growing acceptance of standardized protocols to manage complex wounds is also expected to drive the growth of the wound irrigation solution market over the forecast period.
However, lack of reimbursement, limited awareness about the available treatment options, and higher demand for low frequency dressing change may restrain the growth of the wound irrigation solution market over the forecast period.
The global wound irrigation solution market has been segmented into six major regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, North America is estimated to dominate the global wound irrigation solution market with a revenue share of 39.0% in 2018. By 2026, North America and Western Europe wound irrigation solution markets cumulatively are expected to account for over 57.0% revenue share of the global wound irrigation solution market. Asia Pacific is estimated to be the lucrative and fast-growing region in the global wound irrigation solution market on the account of increasing adoption of wound irrigation solution in countries such as China and India.
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Examples of some of the key players identified in the global wound irrigation solution market include Schulke & Mayr, Reckitt Benckiser Group plc., B. Braun Melsungen AG, ConvaTec Group plc., Anacapa Technologies, Becton, Dickinson and Company, Coloplast A/S, 3M Company, SteadMed Medical and Integra Life Sciences Corporation.
The wound irrigation solution market report is enriched through identification of company-specific strategies related to new system development, market consolidation initiatives, and analyses of the specific strengths of various market players, as well as their weakness and opportunities. Leading manufacturers in the wound irrigation solution market and healthcare providers had raised the initiative to increase awareness among healthcare professionals about wound care by launching wound care programs.
The companies in the global wound irrigation solution market focus on to consolidate their position by actively participating in activities such as partnerships, mergers, and acquisitions. The companies in the wound irrigation solution market are focusing on extending their product line and expansion in countries such as India and China.
Table of Content:
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2.1. Market Definition
2.2. Market Taxonomy
Wound Irrigation Solution Market Opportunity Analysis
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4.1. List of Growth Hacking Manufacturers
4.2. Market Dynamics
4.2.3. Opportunity Analysis
Global Economic Outlook
5.1. Gross Domestic Product by Region & Country, 2006 – 2021
North America Wound Irrigation Solution Market Analysis 2013-2017 and Forecast 2018–2026
6.2. Historical Market Size (US$ Mn) & Analysis By Country, 2013-2017
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