Just Published: "Wound Dressings Market - Global Forecast to 2021"

From: Fast Market Research, Inc.
Published: Wed Jul 06 2016

Wound Dressings Market by Type (Advanced Wound Dressings, Traditional Wound Dressings), Application (Surgical Wounds, Ulcers, Burns), End User (Inpatient Facilities, Outpatient Facilities) - Global Forecast to 2021

The global wound dressings market is expected to reach USD 8.46 billion by 2021 from USD 6.31 billion in 2015, at a CAGR of 6.0% from 2016 to 2021. The advanced wound dressings segment is expected to contribute 77.2% share to the overall market in 2016. Introduction of new and advanced wound dressing products is fueling the growth of wound dressings market.

"Foam dressings to contribute largest share in wound dressings market"

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In advanced wound dressings, the foam dressings segment is estimated to be valued highest in 2016, and is projected to continue holding largest share throughout the forecast period. Europe is the major market for this segment. The high share of foam dressings segment is attributed to increasing patient awareness regarding advanced wound products, increasing incidences of diabetes, and increase in aged population.

Companies operating in the advanced wound care market have received FDA approvals to increase their product offerings in this market. Key players operating in this market include Smith & Nephew plc (U.K.), 3M Company (U.S.), ConvaTec Inc. (U.S.), Hollister Wound Care (U.S.), Molnlycke Health Care AB (Sweden), and BSN Medical (Germany).

"Alginate dressings is the fastest-growing segment of wound dressings market"

Alginate dressings are biodegradable, reduce pain, and keep the tissues moist during healing. Alginate dressings help in the absorption of wound exudates and form a gel-like covering over the wound, which further aids in retention of moisture. The alginate has the capacity to absorb 20 times its weight in exudates and facilitates the process of autolytic debridement. These advantages of alginates over other dressings are expected to drive the growth of alginates segment at the highest CAGR during the forecast period.

Alginate dressings are best suited for pressure and diabetic foot ulcers and venous leg ulcers, post-operative wounds, cavity wounds, traumatic wounds, malignant wounds, pilonidal sinus wounds, partial thickness burns, graft donor sites, and abrasions. They are also used to control minor bleeding. New products in alignates segment are being developed by several companies. Key players in the alignates market include Smith & Nephew plc (U.K.), 3M Company (U.S.), Hollister, Inc. (U.S.), and Molnlycke Health Care AB (Sweden).

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