Wound Dressing Market, By Product (Traditional, Antimicrobial, Moist and Interactive), By Geography (North America, Europe, Asia Pacific and Rest of the World) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The wound dressing market was valued at USD 10.48 billion by 2017, growing with 3.8% CAGR during the forecast period, 2018-2025.
Market Dynamics
Wound dressing industry consists of treatment for either chronic or temporary cases, caused by bed sores, infections, accidents, diabetic foot ulcers etc. The key driver for this industry is an increase in the number of road accident and burn cases. As per the World Health Organization (WHO), estimated 1.25 million death records every year globally due to road traffic injuries (which is approximately 1 person is killed within every 25 seconds).
A study published in 2016, by the NCBI (The National Centre for Biotechnology Information) on the prevalence and incidence of chronic wounds stated that approximately 1 to 2% of population is affected by chronic wound in their lifespan. It is even considered as a silent epidemic as it is known to affect approximately 6.5 million people in the U.S as per the U.S. National Institutes of Health. The guidelines, published in the Journal of the American College of Surgeons, 2017 stated that the SSI (Surgical site infections) is the most common and costly as compared to all hospital infections. An estimated 2-5% of people undergoing inpatient surgery are affected by these. All such statistics are indicating the increase in product demand, supporting the industry growth.
Product Takeaway
The two basic categorization for the dressing products are; traditional and advanced dressing. The advanced wound dressing market is seeing a faster growth owing to the technological advances and scientific know how. These include use of foams, hydrocolloid system, alginates, superabsorbent wound dressings etc. A study published in 2015, by the NCBI called Challenges in the treatment of chronic wound, stated that the care for conditions such asthese, ithas been reported to cost 2% to 3% of the healthcare budgets in developed countries. Advanced dressing has been used in these cases which will augment the segment growth.
Surgical wound bandage also captures a good amount of the revenue generation. Based on the data by the WHO (World Health Organization), the presence of diabetes has gone from 4.7% to 8.5%, in the past 35 years. In many cases of diabetes, wounds like foot ulcers and gangrene are prevalent, thus resulting in positive impact in the surgical wound bandage demand.
Regional Takeaway
North America dominates the industry and has almost half the shares in the revenue. One of the core reasons for this being an rise in the geriatric population and an increase in lifestyle diseases like obesity and diabetes etc. The Centers for Disease Control and Prevention (CDC) mentioned that around 2.5 million people are suffering from pressure sores every year in the U.S.
On contrary, due to an increase in the scope and opportunity, the Asia Pacific market is forecasted to grow exponentially. This can be attributed to the increase in medical procedures in India and China, which will establish the healthy platform for industry growth. A report by the ICMR (Indian Council of Medical research) stated that the diabetes prevalence has seen a rise of about 64% across India in the past quarter century.
Key Vendor Takeaway
Some of the prominent companies operating in the market are DermaRite Industries LLC, 3M Company, Hollister Incorporated, Integra Life Sciences, Medtronic, Mölnlycke Health Care, Johnson & Johnson, DeRoyal Industries Inc., and Smith & Nephew.
An expansion of companies such as ConveTec Group plc in the foam dressing segment is now improving the scope of this industry. The company launched a product called Foam Light in the year 2017, which is a flexible silicone cone used to dress wounds. Sensi Care was another product launched by the company for protection against incontinence wipes.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Traditional
- Advanced
- Antimicrobial
- Moist
- Interactive
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. WOUND DRESSING MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. WOUND DRESSING KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. WOUND DRESSING INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. WOUND DRESSING MARKET LANDSCAPE
5.1. Market Share Analysis
6. WOUND DRESSING MARKET – BY PRODUCT
6.1. Overview
6.2. Traditional
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Advanced
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.3. Antimicrobial
6.3.3.1. Overview
6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.4. Moist
6.3.4.1. Overview
6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.5. Interactive
6.3.5.1. Overview
6.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. WOUND DRESSING MARKET– BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.3. U.S.
7.2.3.1. Overview
7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.4. Canada
7.2.4.1. Overview
7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Europe
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.3. France
7.3.3.1. Overview
7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.4. Germany
7.3.4.1. Overview
7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.5. Rest of Europe
7.3.5.1. Overview
7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Asia Pacific (APAC)
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.3. China
7.4.3.1. Overview
7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.4. India
7.4.4.1. Overview
7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.5. Rest of APAC
7.4.5.1. Overview
7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Rest of the World
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.3. Latin America
7.5.3.1. Overview
7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.4. Middle East and Africa
7.5.4.1. Overview
7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. KEY VENDOR ANALYSIS
8.1. DermaRite Industries LLC
8.1.1. Company Overview
8.1.2. SWOT Analysis
8.1.3. Key Developments
8.2. 3M Company
8.2.1. Company Overview
8.2.2. SWOT Analysis
8.2.3. Key Developments
8.3. Hollister Incorporated
8.3.1. Company Overview
8.3.2. SWOT Analysis
8.3.3. Key Developments
8.4. Integra Life Sciences
8.4.1. Company Overview
8.4.2. SWOT Analysis
8.4.3. Key Developments
8.5. Medtronic plc
8.5.1. Company Overview
8.5.2. SWOT Analysis
8.5.3. Key Developments
8.6. Mölnlycke Health Care
8.6.1. Company Overview
8.6.2. SWOT Analysis
8.6.3. Key Developments
8.7. Johnson & Johnson
8.7.1. Company Overview
8.7.2. SWOT Analysis
8.7.3. Key Developments
8.8. DeRoyal Industries Inc.
8.8.1. Company Overview
8.8.2. SWOT Analysis
8.8.3. Key Developments
8.9. Smith & Nephew
8.9.1. Company Overview
8.9.2. SWOT Analysis
8.9.3. Key Developments
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. Abbreviations
10.3. Disclaimer
10.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Wound Dressing Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Wound Dressing Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Wound Dressing Market, by Geography, 2014 – 2025 (USD Billion)
Table 12 North America Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 13 U.S. Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 14 Canada Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 15 Europe Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 16 France Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 17 Germany Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 18 Asia Pacific Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 19 China Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 20 India Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 21 Latin America Wound Dressing Market, 2014 – 2025 (USD Billion)
Table 22 MEA Wound Dressing Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Wound Dressing Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Wound Dressing Market, by Geography, 2014 – 2025 (USD Billion)
