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Global Wound Dressing Market Š 2018 VynZ Research All rights reserved
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Global Wound Dressing Market
The global wound dressing market is predicted to grow at 5.7% CAGR during the forecast period with the market size reaching USD 14.3 billion by 2024. Chronic wound imposes a burden on an individual and the healthcare system. Wound healing is a complex process which requires a suitable environment to promote the healing process. Wound dressing helps to heal the wound and prevent issues such as complications or infection.
Š 2018 VynZ Research All rights reserved
Global Wound Dressing Market Expanding the geriatric population, mounting government initiatives, escalating occurrence of diabetes and technological advancement in wound dressing are the key factors leading to the growth in the wound dressing market, globally. For instance, according to the World Health Organization (WHO), globally the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. In addition, according to IDF in 2017, globally approximately 425 million adults were suffering from diabetes and are expected to reach 629 million in 2045. Some of the other key factors driving the growth of the industry are the escalating awareness of novel technologies, upsurge in number of burn cases, increasing number of surgeries, and mounting healthcare expenditure. For instance according to the WHO, approximately 96% of the mortal fire-related burns take place in low and middle income countries. Š 2018 VynZ Research All rights reserved
Global Wound Dressing Market Asia-Pacific is observed to witness significant growth in the wound dressing market during the forecast period, as the region comprises of a large population. Moreover, intensifying healthcare expenditure, the mounting occurrence of diabetes and chronic wound, and expanding research activity are also facilitating the significant growth of Asia-Pacific wound dressing industry. Market players in the wound dressing industry are investing capital to develop technologically advanced systems. In June 2018, Acelity L.P. Inc., acquired Crawford Healthcare, to expand its product portfolio of advanced wound dressings. Acelity L.P., Inc., Integra Lifesciences Holdings Corporation., Medline Industries, Inc., Smith and Nephew PLC, MÜlnlycke Health Care, Medtronic Plc., ConvaTec, Inc., 3M Company, Coloplast Corporation, and Hollister, Inc. are some of the key players offering solutions for wound dressing. Š 2018 VynZ Research All rights reserved
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Š 2018 VynZ Research All rights reserved