The global wound care products market is expected to witness substantial growth in the coming five years. The vast expanse of this market includes a range of products that are required for treating various kinds of wounds. These products have been designed to treat specific wounds to prevent infections and further medical complications. The rising incidence of various types of wounds such as accidental injuries, diabetic wounds, surgical wounds, and other intentional wounds has given the global wound care products market a tremendous impetus. The wide spread of diseases has made wound care an important part of the healthcare industry. Lifestyle diseases such as diabetes have also led to huge awareness about wound care amongst both diabetics and doctors.
Diabetes to Drive Global Wound Care Products Market
The International Diabetes Federation (IDF) reported that there are about 387 million diabetics in the world, and the figure is expected to reach 592 million by 2035. Diabetics, who are prone to injuries, are expected to contribute significantly to this market. Thus, rising incidence of diabetics and the consequent growth in diabetic wounds, injuries due to terrorism, and accidental injuries are crucial contributors to the global wound care products market. Terrorism statistics put together by the National Consortium for the Study of Terrorism and Responses to Terrorism reported 6,771 terrorist attacks in 2012, in which 11,000 people were killed and over 21,600 were left injured. As these atrocities continue, the global wound care products market will have an unfortunate driver, especially in areas such as Asia Pacific and Rest of the World.
The global wound care market has been segmented into the product categories of dressings, medical devices, absorbents, sealants, and compression therapy kits. The dressings segment can further be divided into absorbent dressings, collagen dressings, film dressings, alginate dressings, hydrocolloid dressings, antimicrobial tape dressings, and foam dressings. The medical devices segment includes hyperbaric oxygen therapy (HBOT) devices, negative pressure wound therapy (NPWT) devices, electrical simulation devices, pressure relief devices, and other devices. The absorbents segment consists of foam absorbents, alginate absorbent, paraffin gauze, and others. The other products contributing massively to the growth of the global wound care market are odor absorbing products, hydrogel sheet products, tissue engineering products, and wound fillers.
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North America to Grow Rapidly in the Global Wound Care Products Market
On the basis of geography, the global wound care market can be divided on the basis of Asia Pacific, Europe, North America, and Rest of the World. In the global scenario, North America is expected to lead the market due to awareness about wound care amongst the population and adoption of advanced wound care products all through the region. Asia Pacific will closely follow the North America regional market in the coming six years. The biggest factors aiding the Asia Pacific wound care market will be a huge population base suffering from serious diseases, growing investment in medical infrastructure, and popularity of wound care products amongst consumers.
Some of the major players in the global wound care products market are Coloplast A/S, Covidien plc, Smith & Nephew plc, Baxter International, Inc., Medline Industries, Inc., 3M Health Care, Ethicon, Inc., and ConvaTec, Inc.
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