Wound Dressing Market to Reach US$10.1 bn by 2020 due to Growing Number of Chronic Diseases

Conventional injury care solutions have been taken after since the beginning of human civic establishments. These practices were not up to the mark as these did not give sufficient condition to the development of new skin cells. It was as of late found by current science that dampness and appropriate air circulation is fundamental for satisfactory development of underlying endoderm or epidermal cells. This helped the injury recuperate at a fast pace, as well as diminished inconvenience to an expansive degree. Right now, customers of wound care items are not constrained to household accidental cases or trauma patients, yet incorporate the diabetic geriatric populaces with ulcerative issues. Tissue necrosis and skin ulcer are giving rise to global worries among the provincial and diabetic populace with deficient access to medicinal care. This core driver prompted developments in wound care innovation, which is at present given by cutting edge wound management items over the world.

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According to the report, the prime factors boosting the market for wound dressings include the globally rising aging population and the growing prevalence of chronic diseases. In addition, the swift healing times brought about by the usage of wound dressings make them useful during emergency care. The rising incidence of wound infections raises the sale of wound dressings, thus having a positive impact on the market. Furthermore, the rising healthcare expenditure and growing awareness amongst patients about the benefits of wound dressings will also stimulate the market for wound dressings in the coming years. On the other hand, factors such as the soaring cost of advanced wound dressings may restrain demand within a number of Asian markets, thus having a negative impact on the overall market.

On the basis of type, the wound dressing market is segmented into traditional wound care dressings and advanced wound care dressings. Traditional wound care dressings are further segmented into wound closure products, basic wound care, and anti-infective dressings. Amongst these, within traditional wound care dressings, the segment of basic wound care held the largest share in the market in 2013. This is because basic wound care products have experienced strong sales growth in emerging countries owing to them being easy to utilize. On the other hand, the segment of anti-infective dressings is predicted to experience the highest growth rate in the forecast horizon.

Advanced wound dressings are further segmented into films, foams, hydrofiber, hydrocolloids, collagen, and alginates. Amongst these, on the basis of revenue, the segment of foams emerged as the top segment in the market. This is due to the versatility of foams in terms of healing and applicability and their easy availability in stores. This segment is also expected to experience the highest growth rate in the forecast horizon. The segments of hydrofiber and hydrocolloids are also expected to exhibit an impressive growth rate in the forecast horizon. On the other hand, the segments of collagens, films, alginates, and hydrogels are poised to experience sluggish growth in the coming years.

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