The market for Wound Dressing Market was valued at a staggering 10 US$ billions in the year 2017 and was expected to grow at a double-digit CAGR in the forecast period of 2019 to the year 2030.
New York, NY -- (SBWIRE) -- 06/13/2019 -- Increasing awareness among patients, technological advancements in the sector of wound therapy, and growing geriatric population have been pivotal in dictating the growth of the wound dressings market. Moreover, efficient treatment options for complex wounds, diabetes and associated chronic wounds and increasing expenditures on healthcare is anticipated to be the major drive the growth of the global market between 2019 and 2030.
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Major Players in the Wound Dressings Market
The prominent players in the global wound dressings market are Acelity L.P., Inc., Integra Lifesciences Holdings Corp., Convatec, Inc., Organogenesis Inc., 3M Company, Smith and Nephew PLC, Mölnlycke Health Care, Coloplast Corp., Medline Industries, Inc., and Covidien PLC
Increasing Prevalence of Diabetes
Diabetes is one of the most prominent, prevalent and menacing chronic diseases, which is known to affect millions of individuals worldwide. According to the report, the Global Burden of Disease (GBD), published in 2015, the prevalence of diabetes witnessed a substantial increment of 30.6% between 2005 and 2015. The prospect of wound care and treatment is extremely vital among the population suffering from chronic disorders, namely diabetes and several others. Since, failure to treat the same may lead to fatal outcomes. Therefore, the continual rise in the prevalence of diabetes is expected to present an attractive growth prospect for the wound dressings market in the times to come.
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Increasing Geriatric Population
The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global wound dressings market in the coming times. Since, the utilization of Wound Dressing products for assisting treatment and facilitating faster recovery of wounds among aged population is enormously crucial.
High Costs of Wound Dressings Products to Restrain the Market
High costs associated with wound dressings products are one of the major factors affecting the growth of the market. Availability of affordable and cheaper versions of wound care products and high surgical costs associated with wound dressings products is anticipated to be one of the major hindrances in the growth of the global market.
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Some Key Points for TOC
1. COMPETITIVE LANDSCAPE
1.1. Market Share Analysis (2018)
1.2. Key Strategies Assessment
1.2.1. New Product Launches
1.2.2. Merger & Acquisitions
1.2.4. Agreements, Collaborations, & Partnerships
1.2.5. Other Strategies
2. COMPANY PROFILES (Business Overview, Types/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
2.1. Acelity L.P., Inc.
2.2. Integra Lifesciences Holdings Corp.
2.3. Convatec, Inc.
2.4. Organogenesis Inc.
2.5. 3M Company
2.6. Smith and Nephew PLC
2.7. Mölnlycke Health Care
2.8. Coloplast Corp.
2.9. Medline Industries, Inc.
2.10. Covidien PLC (*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)
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