- June 2021 |
- Healthcare & Pharmaceutical / Health Care
Global Wound Dressings Market, By Dressing Type (Alginate Dressings, Film Dressings, Hydrocolloid Dressings, Hydrogel Dressings, Antimicrobial Dressings, Foam Dressings, and Others), By Wound Type (Surgical and Traumatic Wound, Venous Leg Ulcers, Diabetic Foot Ulcers, Pressure Ulcers, Burns and Other Wounds), By End-User (Hospitals, Clinics, Home Care Settings, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2017-2027
Global Wound Dressings Market- Industry Trends & Forecast Report 2027
The global wound dressings market was worth USD 6.9 billion in 2020 and is further projected to reach USD 12.7 billion by 2027, growing at the CAGR of 8.7% during the forecast period. The rising number of road accidents, cases of burns and other injuries, increasing prevalence of chronic diseases, and surging surgical procedures worldwide are contributing significantly towards the growth of the wound dressing market. Furthermore, technological advancements are also driving the market forward.
Source: BlueWeave Consulting
Global Wound Dressings Market- Overview
A wound dressing is a medication or piece of equipment that is put directly to wounds, cuts, injuries, burns, and so on to help them recover and prevent additional infections. There are various types of wound dressings available in the market for different purposes and types of injuries. The primary goal of wound dressing is to keep the lesion or wound from bleeding excessively. It also helps in absorbing excess blood, plasma, or other fluids flowing out of the injury which may cause infection. According to medical specialists, a suitable wound dressing that provides appropriate moisture and oxygenation will not only help the wound heal quicker but also reduce the trauma associated with it. The key factor driving the growth of the wound dressings market is the growing expenditure on trauma injuries, as well as chronic and surgical wounds. However, among other things, the rising expense of advanced wound dressings and the rising dangers associated with wound dressing use are the key concerns that are likely to impede the market growth.
Global Wound Dressings Market Forecast and Trends
Rising Prevalence of Wounds will Drive the Market Forward
Injuries and chronic wounds such as pressure ulcers, diabetes ulcers, venous leg ulcers, and other types of wounds have risen significantly in recent years and are likely to become more common in the coming years, increasing the need for dressings. The rising prevalence of chronic diseases like diabetes and mobility disorders has led to serious chronic wounds that often go undiagnosed, especially in developing countries. With the development of more diagnostic centers, the demand for wound dressings is expected to surge during the forecast period.
Advancements in Wound Dressing Applications
The rapid expansion of wound dressing applications has made a substantial contribution to...