The global wound dressing market was valued at $9,989.6 million in 2015, and it is expected to grow at a CAGR of 6.9% during the period 2016 – 2022. The wound dressing market is growing due to increasing chronic wounds and increasing awareness about wound dressing products. Increasing cases of diabetes leading to pressure ulcers is further generating an increased demand for ound dressings.
Based on wound dressing type, the advanced wound dressing segment is expected to witness faster growth during the forecast period. Among the various applications, the surgical wounds segment accounted for the largest share in the global market in 2015; and it is expected to witness growth at 7.3% CAGR during 2016 – 2022.
In 2015, North America held the largest share in the global wound dressing market whereas, Asia-Pacific market is expected to witness fastest growth, with a CAGR of 7.5% during the period 2016– 2022.
Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/wound-dressings-market
Traditional wound dressings are generally used to treat acute wounds by promoting the wound healing process. They help absorbing exudates, inhibiting infection, preventing bleeding and drying of wounds. Proper care of acute wounds prevents the formation of chronic wounds by utilizing traditional wound care products. Traditional wound dressings include abdominal pads, conforming bandage, gauges and sponges. They are made up of different raw-materials, such as cotton, polyester and rayon. In addition, traditional wound dressings are also available as woven and non-woven dressing material.
Advanced wound dressing is used to treat chronic wounds, which fail to heal properly in timely manner. Advanced wound dressings include foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings and others. The other advanced wound dressing consists of chitosan, elastin and hyaluronic acid for the treatment of chronic wounds.
However, high cost associated with the usage of advance wound dressings is the key restraint in the growth of wound dressing market worldwide. The high cost of advanced wound dressing, such as foams, hydrocolloids, film, alginate, hydrogel and collagen, limits the affordability of the users. As a result, consumption of advanced wound dressing decreases despite higher therapeutic efficiency, hampering the growth of global wound dressing market.
Browse Related Report at: https://www.psmarketresearch.com/industry-report/healthcare
Some of the key companies operating in the global wound dressing market include 3M Company, Smith and Nephew plc, Medtronic plc, Johnson and Johnson, Molyncke Health Care, DermaRite Industries LLC., Derma Sciences Inc., Hollister Incorporated, ConvaTec and DeRoyal Industries Inc.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY – 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Media Contact
Company Name: P&S Market Research
Contact Person: Abhishek, Executive – Client Partner
Email: enquiry@psmarketresearch.com
Phone: +1-888-778-7886 (USA/Canada Toll-Free)
Address:347, 5th Ave. #1402
City: New York City
State: NY
Country: United States
Website: https://www.psmarketresearch.com/market-analysis/wound-dressings-market