The global Wound Dressings Market was valued at $11.2 Billion in 2017 and is forecast to grow at a modest 6.15 % CAGR between 2018 and 2025, culminating in 2025 global sales of $ x.x Billion.
As per WHO, surgical wounds can be classified as clean, clean contaminated, contaminated, infected, close clean wounds and intreating clean contaminated and clean wounds. Factors that affect wound healing and potential for infection are patient age/underlying illness, type of organ or tissue inured, nature of injury, contamination of infection, time between injury and treatment, hemostasis and timing of closure.
Wound dressing has progressed a lot in last couple of years. Now advanced technology and products incorporating medicinal properties are also available. It is now possible to maintain moist wound while treating. Keratin based wound dressing products helps in cell differentiation and protein synthesis.
“Optimal Price Point (OPP) for Wound Dressings Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the U.S., the Wound Dressings products are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Wound Dressings Market by “Dressing Type”
We have segmented the Wound Dressings market by dressing type into Advanced Wound Dressings, Traditional Wound Dressings. WE are observing a greater adaptation of traditional wound dressings in recent past years as cheaper compared to advanced wound dressings. However advanced wound dressings is expected to have increased adaptation during the forecast period.
Wound Dressings Market by “Application Type”
We have segmented the Wound Dressings market by application type into Neurosurgery, Hip Surgery, Knee Surgery, Spine Surgery, ENT, Dental, Biopsy, Tumor resection. Neurosurgery like brain, spine and peripheral nervous system are much complex where navigation offer accurate localization and real time monitoring of used instruments. It is used in deep brain stimulation lead placement, spine decompression, spinal or pelvic fixation, treatment for spinal or sacral trauma.
Wound Dressings helps ENT surgery with smaller wounds, greater precision and lower risk to patients. It also helps to release patient quick and shorter hospital stay impacting overall healthcare cost.
Wound Dressings Market by “End Use”
We have segmented the Wound Dressings market based on end use as Hospitals, Ambulatory Surgical Centers. At present, major usage is in hospitals due to high number of neuro and ENT surgery in hospital set up. However, we are expecting its usage in Ambulatory Surgical Centers to grow exponentially during the forecasting period.
North America accounted for the maximum revenue share of over 70% in 2017 due to increased patient number, lifestyle followed by availability of treatment options, better reimbursement plan, and RND. Followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
With changing lifestyle in developing countries and availability of treatment option, we are observing a rise in patient numbers in developing countries. However, these markets represent a minuscule percentage of the overall market.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants include Medtronic Plc, 3M Healthcare, Smith & Nephew, ColoPlast, HARTMANN, BSN Medical, Medline Industries, ConvaTec, Derma Sciences and Systagenix. The growing investment in research and development is driving the companies to innovate, stay market relevant and retain their share. Moreover, there are several startup companies working on newer technologies, and these companies are considered as strategic assets for merger and acquisition.
Wound Dressings Market by Dressing Type (Revenue, Million, 2014 – 2025)
- Advanced Wound Dressings
- Traditional Wound Dressings
Wound Dressings Market by Application Type (Revenue, Million, 2014 – 2025)
Wound Dressings Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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