Topical Wound Agents Market Size to Hit US$ 3.97 billion by 2030 | Growth Plus Reports

| Source: Growth Plus Reports Growth Plus Reports

Newark, New Castle, USA, March 17, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Topical Wound Agents Market by Product (Gels, Creams), Application (Chronic Wounds, Acute Wounds), End-user (Hospitals, Clinics) – Global Outlook & Forecast 2022-2030" published by Growth Plus Reports, the topical wound agents market is expected to grow at a CAGR of 9.2% from 2021 to reach US$ 3.97 billion by 2030.

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Market Drivers

The prevalence of chronic wounds, including venous ulcers and diabetic foot ulcers, is rising due to the implication of demographic and health factors such as the aging population, higher rates of diabetes and obesity, and an increase in chronic disease prevalence. According to the National Center for Biotechnology Information, the global incidence of foot ulcers is between 9.1 and 26.1 million each year. This results in an increased need for effective topical wound treatments. The topical wound agents market is experiencing growth due to the developing of new wound care products and technologies, such as advanced dressings, negative pressure wound therapy, and bioactive wound care products. The demand for topical wound agents that integrate cutting-edge technologies, such as bioactive dressings and growth factors, is driving the popularity of advanced wound care products, thus further propelling the growth of the global topical wound agents market. The global healthcare industry is experiencing an increased expenditure with governments investing in healthcare infrastructure and programs, increasing the demand for wound care products; especially topical wound agents, due to the rising number of patients seeking wound treatment.

The global topical wound agents market is analyzed from three perspectives: Product, Application, End-user, and Region.

Excerpts from ‘By Product Segmentation’

Based on the product types, the global topical wound agents market is segmented into:

  • Gels
  • Creams
  • Sprays
  • Others

With the highest revenue share in 2021, the gels segment dominated the global topical wound agents market. The popularity of gels in the topical wound agents market is driven by their ease of application, which requires no special training, making them a convenient choice for healthcare providers and patients. Gels also promote wound healing by creating a moist environment that supports tissue regeneration and prevents infection. They are a versatile option for treating many wounds, including burns, abrasions, and surgical wounds. Furthermore, gels can help reduce wound pain and discomfort, improving patient comfort and satisfaction. All these factors have contributed to the growth of the gels segment in the topical wound agents market.

Excerpts from ‘By Application Segmentation’

Based on the application, the global topical wound agents market is segmented into:

  • Chronic
  • Acute Wounds

The chronic wounds segment is classified into diabetic foot ulcers, pressure ulcers, and venous ulcers. Surgical and traumatic wounds and burns are the key types of acute wounds.

In 2021, the topical wound agents market had the highest revenue share. Acute wounds, such as pressure ulcers and venous ulcers, are more common than chronic wounds. This has contributed to the dominance of the acute wounds segment in the market for topical wound agents. Acute wounds usually heal more quickly than chronic wounds. Such patients might only need to receive care for a short while, increasing the market appeal of acute injuries as a lucrative target for topical wound agent manufacturers.

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Excerpts from ‘By Region Segmentation’

Geographically, the global topical wound agents market has been segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

In 2021, North America dominated the market for topical wound agents worldwide. Chronic wounds, such as diabetic foot ulcers and pressure ulcers, are a major healthcare concern in North America. This has driven demand for advanced wound care products, including topical wound agents, to help manage these wounds. According to the National Center for Biotechnology Information, around 13% of all foot ulcer cases globally are detected in North America each year. There is a growing demand for advanced wound care products in North America, including bioactive dressings and growth factors, due to their ability to promote faster healing and reduce the risk of complications. North America has a strong regulatory framework for wound care products, which has helped to ensure the safety and efficacy of topical wound agents and other advanced wound care products. The increasing number of older adults in North America has resulted in a higher occurrence of chronic wounds and other medical conditions that require wound care. As a result, there has been an increased demand for topical wound agents in the market.

Excerpts from ‘Competitive Landscape’

Some prominent players operating in the global topical wound agents market are:

  • Smith & Nephew PLC
  • 3M Company
  • Teva Pharmaceuticals USA, Inc.
  • Mölnlycke Health Care AB
  • Novartis AG
  • Pfizer Inc
  • Johnson & Johnson
  • Mylan N.V.
  • AstraZeneca Plc.

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem
    2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Year – 2021
      3. Forecast Years – 2022 to 2030
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions
  3. PREMIUM INSIGHTS
    1. Current Market Trends (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2021) 
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
  5. GLOBAL TOPICAL WOUND AGENTS MARKET - ANALYSIS & FORECAST, BY PRODUCT 
    1. Gels
    2. Creams
    3. Sprays
    4. Others
  6. GLOBAL TOPICAL WOUND AGENTS MARKET - ANALYSIS & FORECAST, BY APPLICATION 
    1. Chronic Wounds
      1. Diabetic Foot Ulcers
      2. Pressure Ulcers
      3. Venous Leg Ulcers
      4. Others
    2. Acute Wounds
      1. Surgical & Traumatic Wounds
      2. Burns

TOC Continued..

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