Rising prevalence of chronic wounds and increasing availability of advanced wound dressings are propelling the growth of advanced wound dressings market says Fortune Business Insights in a published report titled “Advanced Wound Dressings Market Size, Share and Global Trend By Product Type (Alginate Dressings, Hydrogel Dressings, Film Dressings, Hydrocolloid Dressings, Antimicrobial Dressings, Foam Dressings), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds), End Users (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025.”Global advanced wound dressings market to grow at significant a CAGR of 4.6% From 2018-2025, owing to the constant focus of key players on R&D to launch new products.
some of the key players in the Market:
- Derma Sciences Inc.
- Coloplast Corp
- ConvaTec Inc.
- Tissue Regenix
- Mölnlycke Health Care AB
- Smith & Nephew
- Organogenesis Inc.
- KCI Licensing, Inc
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/advanced-wound-dressings-market-100384
Innovations in Advanced Wound Dressing Will Support Growth
Shifting preference of healthcare practitioners from old-fashioned wound dressing to advanced wound dressing has led to the expansion of advanced wound dressing market. The demand for advanced dressing for managing and treating wounds such as diabetic, lower limb ulcers, foot ulcers, pressure ulcers and others are fuelling demand for advanced wound dressing in the healthcare sector. Rising prevalence of surgical wounds and chronic wounds in developing countries is further fuelling the demand and enabling the growth of the global advanced wound dressings market. Launch of advanced products by the key player is also supporting the growth of advanced wound dressings. The product launch by companies with an aim to offer better comfort and quicker healing to patients with chronic wounds such as diabetic foot ulcers, pressure ulcers, skin abrasions, cavity wounds venous leg ulcers donor sites and post-operative surgical wounds. For instance, Axio Biosolutions launched MaxioCel, a new innovation in wound care dressing made of chitson. This product is expected to fuel demand among patients and medical practitioners which will consequently help in the growth of advanced wound dressings market.
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Intoduction of Alginate Dressing to Have Major Contribution in The Global Market
Chronic wounds are also treated by alginate dressing. It is primarily used due to its exponential benefits such as promoting tissue formation, higher efficiency in exudate management, improved healing of the wound. The demand for alginate dressing along with the rising cases of chronic wounds are contributing significantly to the growth of the global advanced wound dressing market. For Instance, in 2017, alginate segment was accounted for 11.8% share of the global advanced wound care market. Further the global wound care dressings market is segmented on the basis of indication into, pressure ulcers, diabetic foot ulcers surgical wounds, and others.
Increasing prevalence of diabetes and rising adoption of advanced wound dressings in developing nations are propelling the growth of the global market. In addition, growing per capita healthcare expenditure in developing countries is contributing positively to the global market. The global advanced wound dressing market is further segmented on the basis of end user, into clinics, home care settings hospitals, and others. The home care segment is expected to grow at a high CAGR during the forecast period, owing to the prevalence of surgical and chronic wounds around the world. This factor is fostering the growth of the global market.
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