Wound Dressings Market Trends, Competitive Analysis 2020: Acute Market Reports

The global wound dressings market is growing significantly due to high incidences of surgical wounds, advances in wound dressing methods, and improving healthcare infrastructure. In addition, increasing awareness about wound management among care givers and patients, and increasing prevalence of wound infection are propelling the growth of global wound dressings market. The massive unexplored advanced wound dressing market in emerging economies is creating ample opportunities for the global wound dressings market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are addressing the demand for cost effective advanced wound dressings.

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Significant shift from traditional to advanced wound dressing methods, such as foams and hydrocolloids-based dressings, is a trend in the global wound dressings market. Hydrocolloids-based dressings are recommended in case of wounds, which are susceptible to infection. The age of a patient is a crucial factor in wound management, as wound healing process is very slow in elder people; hence, aging population also supports the growth of the global wound dressings market. According to the WHO, the proportion of aged people above 60 years will double from 2000 to 2050 i.e. 11% in 2000 to 22% in 2050 and the number of people aged above 60 years will increase from 605 million to 2 billion over the same period.

The wound dressings market is segmented on the basis of products as traditional dressings and advanced dressings. The traditional dressings market leads the global wound dressings market due to its low cost. However, advanced dressings segment is expected to grow at higher rate due to increasing caregiver and patient adherence. The traditional dressings segment includes basic wound care products, wound-closure products, anti-infective dressings, and others. The advanced dressings segment includes foams, hydrocolloids, films, hydrogels, alginates, collagen and others.

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Some of the factors driving the growth of wound dressings market are increasing aging population, increasing incidences of wound infection, advances in wound dressing techniques, and increasing prevalence of surgical wounds. In addition, increasing healthcare expenditure, and rising awareness among patients are also expected to drive global wound dressings market. However, low healthcare access in the remote areas of developing countries and high cost of advanced wound dressings are some of the factors restraining the growth of the wound dressings market to some extent.

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