Dublin, March 29, 2021 (GLOBE NEWSWIRE) -- The "Advanced Wound Dressing Market Size, Share & Trends Analysis Report by Product (Foam Dressings, Film Dressings), by Application, by End Use (Hospitals, Specialty Clinics, Home Healthcare), by Region, and Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global advanced wound dressing market size is expected to reach USD 9.9 billion by 2028. The market is expected to expand at a CAGR of 5.5% from 2021 to 2028. An increasing number of accidents, the impact of COVID-19, and technological advancements are the key driving factors for the market. The increasing incidence of accidents such as road accidents, burns, and trauma events across the globe is anticipated to drive the market. For instance, as per the WHO (2018), around 1,000,000 people are severely or moderately burnt in India per year. In addition, as per NCBI, in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a rise in the incidence of burn injuries.
Furthermore, as per the American Association for the Surgery of Trauma, in 2017, around 1.2 million people died globally, accounting for the deaths of around 3,242 people per day in road accidents every year. Road accidents mostly occur in middle- or low-income countries. The advanced wound dressing is majorly used for the faster healing of all kinds of burns injuries. Moreover, bandages and gauzes are also used for the treatment of minor injuries. Thus, the rising number of accidents is expected to boost the demand for advanced wound dressing, which is expected to lead to considerable market growth over the forecast period.
The rising number of surgical procedures is also expected to boost the demand for home healthcare services. According to the American Society for Metabolic and Bariatric Surgery (ASMB) in 2018, the number of people underwent sleeve gastrectomy increased by 8.05% from 2016 to 2017 in the U.S. Patients undergoing surgeries are required to stay at hospitals for a longer period of time; thus, most patients prefer home healthcare services over hospital stays. Therefore, these factors are likely to boost the demand for home healthcare services, thereby fueling market growth during the forecast period.
Advanced Wound Dressing Market Report Highlights
- In terms of revenue, the foam dressings segment held the largest revenue share in 2020. The rising number of road accidents across the globe is the major factor propelling segment growth.
- The acute wounds segment held the largest revenue share in 2020 and is expected to witness the fastest growth rate over the forecast period due to the increasing number of surgeries.
- The hospitals' segment held the largest revenue share in 2020. The growth of the segment is majorly driven by the increasing number of hospitals.
- In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of chronic injuries.
Key Topics Covered:
Chapter 1 Research Methodology
1.1 Research Methodology
1.1.1 Information procurement
1.2 Information or Data Analysis
1.3 Market Formulation & Validation
1.4 Region Wise Market Calculation
1.4.1 Region Wise Market: Base Estimates
1.4.2 Global Market: CAGR Calculation
1.5 Region Based Segment Share Calculation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.2 Volume price analysis (Model 2)
1.7 List of Secondary Sources
Chapter 2 Objectives
2.1 Objective - 1
2.2 Objective - 2
2.3 Objective - 3
2.4 Objective - 4
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.3 Competitive Insights
3.3.1 Market Segmentation
3.4 Market Snapshot
Chapter 4 Advanced Wound Dressing Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent market outlook
4.1.2 Ancillary Market
4.2 Penetration & Growth Prospect Mapping
4.3 Product Pipeline Analysis
4.4 Regulatory Framework
4.5 Market Dynamics
4.5.1 Market driver analysis
4.5.1.1 Global increase in prevalence of chronic diseases
4.5.1.2 Increasing demand for reducing hospital stay
4.5.1.3 Rising number of accidents
4.5.2 Market restraint analysis
4.5.2.1 Stringent manufacturing policies
4.5.2.2 Rising treatment cost
4.6 Advanced Wound Dressing Market Analysis Tools
4.6.1 SWOT Analysis, by PEST
4.6.2 Porter's five forces analysis
4.7 Major Deals & Strategic Alliances Analysis
4.7.1 Geographical expansion
4.7.2 Product launches
4.8 COVID-19 Market Impact
4.8.1 Supply chain
4.8.2 Changing market trends
4.9 Market Entry Strategies
4.9.1 Tapping unmet needs
Chapter 5 Advanced Wound Dressing Market: Segment Analysis, By Product, 2016 - 2028 (USD Million)
5.1 Definitions & Scope
5.2 Product Market Share Analysis, 2020 & 2028
5.3 Advanced Wound Dressing Market, by Product, 2016 to 2028
5.4 Market Size Forecasts and Trend Analysis
5.4.1 Foam dressing
5.4.1.1 Foam dressing market, 2016 - 2028 (USD Million)
5.4.2 Hydrocolloid dressing
5.4.2.1 Hydrocolloid dressing market, 2016 - 2028 (USD Million)
5.4.3 Film dressing
5.4.3.1 Film dressing market, 2016 - 2028 (USD Million)
5.4.4 Alginate dressing
5.4.4.1 Alginate dressing market, 2016 - 2028 (USD Million)
5.4.5 Hydrogel dressing
5.4.5.1 Hydrogel dressing market, 2016 - 2028 (USD Million)
5.4.6 Collagen dressing
5.4.6.1 Collagen dressing market, 2016 - 2028 (USD Million)
5.4.7 Other advanced wound dressing
5.4.7.1 Other advanced wound dressing market, 2016 - 2028 (USD Million)
Chapter 6 Advanced Wound Dressing Market: Segment Analysis, By Application, 2016 - 2028 (USD Million)
6.1 Definitions & Scope
6.2 Application Market Share Analysis, 2020 & 2028
6.3 Advanced Wound Dressing Market, by Application, 2016 to 2028
6.4 Market Size Forecasts and Trend Analysis
6.4.1 Chronic wounds
6.4.1.1 Chronic wounds market, 2016 - 2028 (USD Million)
6.4.1.2 Diabetic foot ulcers
6.4.1.2.1 Diabetic foot ulcers market, 2016 - 2028 (USD Million)
6.4.1.3 Pressure ulcers
6.4.1.3.1 Pressure ulcers market, 2016 - 2028 (USD Million)
6.4.1.4 Venous leg ulcers
6.4.1.4.1 Venous leg ulcers market, 2016 - 2028 (USD Million)
6.4.1.5 Other chronic wounds
6.4.1.5.1 Other chronic wounds market, 2016 - 2028 (USD Million)
6.4.2 Acute wounds
6.4.2.1 Acute wounds market, 2016 - 2028 (USD Million)
6.4.2.2 Surgical & traumatic wounds
6.4.2.2.1 Surgical & traumatic wounds market, 2016 - 2028 (USD Million)
6.4.2.3 Burn wounds
6.4.2.3.1 Burn wounds market, 2016 - 2028 (USD Million)
Chapter 7 Advanced Wound Dressing Market: Segment Analysis, By End Use, 2016 - 2028 (USD Million)
7.1 Definitions & Scope
7.2 End Use Market Share Analysis, 2020 & 2028
7.3 Advanced Wound Dressing Market, by End Use, 2016 to 2028
7.4 Market Size Forecasts and Trend Analysis
7.4.1 Hospitals
7.4.1.1 Hospitals market, 2016 - 2028 (USD Million)
7.4.2 Specialty clinics
7.4.2.1 Specialty clinics market, 2016 - 2028 (USD Million)
7.4.3 Home healthcare
7.4.3.1 Home healthcare market, 2016 - 2028 (USD Million)
7.4.4 Other end users
7.4.4.1 Other end users market, 2016 - 2028 (USD Million)
Chapter 8 Advanced Wound Dressing Market: Regional Market Analysis, By Product, Application, and End Use, 2016 - 2028 (USD Million)
8.1 Definitions & Scope
8.2 Regional Market Share Analysis, 2020 & 2028
8.3 Regional Market Snapshot
8.4 Market Size Forecasts & Trend Analysis
8.4.1 North America
8.4.1.1 North America advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.1.2 U.S.
8.4.1.2.1 U.S. advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.1.3 Canada
8.4.1.3.1 Canada advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.2 Europe
8.4.2.1 Europe advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.2.2 U.K.
8.4.2.2.1 U.K. advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.2.3 Germany
8.4.2.3.1 Germany advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.3 Asia Pacific
8.4.3.1 Asia Pacific advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.3.2 Japan
8.4.3.2.1 Japan advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.3.3 China
8.4.3.3.1 China advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.4 Latin America
8.4.4.1 Latin America advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.4.2 Brazil
8.4.4.2.1 Brazil advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.4.3 Mexico
8.4.4.3.1 Mexico advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.5 Middle East & Africa
8.4.5.1 Middle East & Africa advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.5.2 South Africa
8.4.5.2.1 South Africa advanced wound dressing market, 2016 - 2028 (USD Million)
8.4.5.3 Saudi Arabia
8.4.5.3.1 Saudi Arabia advanced wound dressing market, 2016 - 2028 (USD Million)
Chapter 9 Advanced Wound Dressing Market: Competitive Analysis
9.1 Company Profiles
9.1.1 Smith & Nephew PLC
9.1.1.1 Company overview
9.1.1.2 Financial performance
9.1.1.3 Product benchmarking
9.1.1.4 Strategic initiatives
9.1.2 Molnlycke Health Care AB
9.1.2.1 Company overview
9.1.2.2 Financial performance
9.1.2.3 Product benchmarking
9.1.2.4 Strategic initiatives
9.1.3 CONVATEC GROUP PLC
9.1.3.1 Company overview
9.1.3.2 Financial performance
9.1.3.3 Product benchmarking
9.1.3.4 Strategic initiatives
9.1.4 BAXTER
9.1.4.1 Company overview
9.1.4.2 Financial performance
9.1.4.3 Product benchmarking
9.1.4.4 Strategic initiatives
9.1.5 Coloplast Corp.
9.1.5.1 Company overview
9.1.5.2 Financial performance
9.1.5.3 Product benchmarking
9.1.5.4 Strategic initiatives
9.1.6 Medtronic
9.1.6.1 Company overview
9.1.6.2 Financial performance
9.1.6.3 Product benchmarking
9.1.6.4 Strategic initiatives
9.1.7 3M
9.1.7.1 Company overview
9.1.7.2 Financial performance
9.1.7.3 Product benchmarking
9.1.7.4 Strategic initiatives
9.1.8 Derma Sciences Inc.
9.1.8.1 Company overview
9.1.8.2 Financial performance
9.1.8.3 Product benchmarking
9.1.8.4 Strategic initiatives
9.1.9 Medline Industries, Inc.
9.1.9.1 Company overview
9.1.9.2 Financial performance
9.1.9.3 Product benchmarking
9.1.9.4 Strategic initiatives
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