2013-01-24 16:37:55 - Global wound dressings market led by the US with a 34.6% share
The global wound dressings market has been forecast to increase at a compound annual growth rate (CAGR) of 5.3% over the next five years, rising from a valuation of $4,410.5 million in 2011, to hit a market value of $6,012.4 million by 2017.A dressing is an adjunct used by a person for application to a wound to promote healing and/or prevent further harm. A dressing is designed to be in direct contact with the wound, which makes it different from a bandage, which is primarily used to hold a dressing in place.The global wound dressings market is driven by the ageing population, increasing incidence of diseases such as diabetes, obesity, and the development of cost effective and innovative dressings.Wound dressings
have two different techniques to cover up the wounds - traditional and advanced wound dressings. In developed as well as in developing nations, the market is shifting towards advanced wound-care dressings.However, traditional wound dressings market with low cost and reimbursement facility will remain in the overall market with low market growth rate in future.Over the last decade demand of advanced dressings has increased considerably due to higher adoption of interactive/bioactive and antimicrobial dressings. The advanced wound dressings include moist, antimicrobial and interactive dressings, in which moist dressings have foams, semi-permeable/ transparent films, alginates, hydrofibers, hydrogels and hydrocolloids.In the overall global market, the US is expected to maintain its lead position in terms of revenue till 2017. The US is expected to enjoy 34.6% of global wound dressing market revenue share in 2017, followed by Europe.Key players dominating the global wound dressings market include Smith and Nephew plc, Molnlycke Health Care AB, ConvaTec Inc., and Kinetic Concepts Inc.For more information on the global wound dressings market, see the latest research: Global Wound Dressings MarketFollow us on Twitter @CandMResearch
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