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
Wound dressing can have different purpose as to stop bleeding to expedite the clotting, protection from infection, absorb exudate, ease pain and reduce the stress.
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.
Based on dressing type, the market is segmented as advanced wound dressings, traditional wound dressings. A wound whether minor cut or major incision, its necessary to take care of it. Physician is the best person to decide which type of wound dressing will be suitable to you. The dressing options will also depend on where the wound is, how large it is and other related factors.
In 2017, North America wound dressings market accounted for the maximum share, followed by Europe and Asia Pacific. Pricing is a key factor impacting the market dynamics in developed and emerging regions. By 2024, Asia Pacific wound dressings market is expected to be the fastest growing region due to increasing consumption in China and India.
There are different type of wound dressings such as:
The key market participants include Medtronic Plc, 3M Healthcare, Smith & Nephew, ColoPlast, HARTMANN, BSN Medical, Medline Industries, ConvaTec, Derma Sciences and Systagenix.