Market Highlights: The wound dressing is the process of healing the disruption of skin epithelial lining or mucosa which results in thermal or physical damage. The wound dressing market is directly related to the incidence of road accidents, rising numbers of diabetes and obesity cases and burning cases. According to the U.S. Department of Transportation's National Highway Traffic Safety data, which was collected from all 50 states and the District of Columbia, 37,133 lives were lost on the U.S. roads in 2017, an increase of 2.1% from 2016. As a result, the demand for wound dressing is expected to increase in this region. It has been observed that increasing advanced wound dressings by the key players in manufacturing market is expected to flourish the global wound dressing market in future. The manufacturers of wound dressing products are expanding their businesses in Asia-Pacific countries as these countries are more prone to chronic ailments The market study is being classified by Type (Advanced Wound Dressings and Traditional Wound Dressing), by Application (Diabetic Foot Ulcers, Pressure Ulcers, Venous Ulcers, Surgical Wounds, Burns and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Wound Dressing are Hollister Incorporated (United States), DeRoyal Industries Inc. (United States), DermaRite Industries LLC. (United States), ConvaTec Group PLC (United States), Johnson & Johnson (United States), Smith & Nephew plc (United Kingdom), Mlnlycke Health Care AB (United Kingdom), Medtronic plc (Ireland), 3M Company (United States) and Integra LifeSciences Holdings Corporation (United States).
The Traditional , such as Artificial Skin & Skin Substitutes, is boosting the Wound Dressing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End Users, such as Inpatient Facilities, is boosting the Wound Dressing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Advanced, such as Foam Dressing, is boosting the Wound Dressing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In May 2019, 3M Co. acquired Acelity Inc. with an amount of USD 6.7 billion. This acquisition is beneficial in providing advanced wound care technologies and solutions and an excellent complement to health care business. In February 2019, Axio Biosolutions launched an innovative advanced wound care which is beneficial in comfort and faster healing to patients suffering from chronic wounds such as cavity wounds, skin abrasions and others.
Key Questions Answered in the Report What will the Wound Dressing Market size and the growth rate be in Future? What are the key factors driving the Wound Dressing Market? What are the key market trends and macro-economic impacting the growth of the Wound Dressing Market? What are the challenges to market growth? Who are the key vendors in the Wound Dressing Market? What are the market opportunities and threats faced by the vendors in the Wound Dressing Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Wound Dressing Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wound Dressing market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wound Dressing market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Wound Dressing Manufacturers, Wound Dressing Traders, End-Use Market Participants of Different Segments of Wound Dressing, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.