Global Wound Care Market Continues to Grow
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By HospiMedica International staff writers Posted on 05 Jul 2015 |
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The global wound care market will continue to expand over the long term, due to an aging population, longer life expectancies, and an increasing number of patients across all care settings, according to a new report.
The largest segment of the global market for wound care is that of surgical and trauma wound management, which includes wound closure, anti-infectives, wound management, moist dressings, biologic dressings, and miscellaneous treatments. Other market segments are those of negative pressure wound therapy (NWPT) and pressure relief. While several of the products within the global wound care market are mature, others, such as biological dressings and NPWT are in the infant stages of development.
The market is expected to exhibit an overall steady growth rate due to recent emphasis on wound care products and prevention, and a growing focus on special populations such as those of diabetics and the obese. Some of the reasons for the projected expansion of the market is that patients today have more complex coexisting illnesses such as diabetes, heart failure, obesity, pulmonary and vascular diseases, immobility issues, and chronic wounds.
Advancements in biotechnology, biomaterials, and tissue engineering are expected to drive growth in the market. Another reason is paradigm shift regarding the use of dressing materials, with a view of utilizing them in the same way as drugs, with specific actions, interactions, contraindications, indications, and side effects. According to the report, published annually by Kalorama Information (New York, NY, USA), South Korea, Australia, Brazil, India, and China together represent a combined USD 3.1 billion market opportunity for wound care device makers.
“A worldwide economic slowdown did not seem to have a big impact on this market, demand for therapies remained high,” said Bruce Carlson, Publisher of Kalorama Information. “Growth should continue to come from new therapies, which will result in decreased healing times and subsequent cost savings.”
Related Links:
Kalorama Information
The largest segment of the global market for wound care is that of surgical and trauma wound management, which includes wound closure, anti-infectives, wound management, moist dressings, biologic dressings, and miscellaneous treatments. Other market segments are those of negative pressure wound therapy (NWPT) and pressure relief. While several of the products within the global wound care market are mature, others, such as biological dressings and NPWT are in the infant stages of development.
The market is expected to exhibit an overall steady growth rate due to recent emphasis on wound care products and prevention, and a growing focus on special populations such as those of diabetics and the obese. Some of the reasons for the projected expansion of the market is that patients today have more complex coexisting illnesses such as diabetes, heart failure, obesity, pulmonary and vascular diseases, immobility issues, and chronic wounds.
Advancements in biotechnology, biomaterials, and tissue engineering are expected to drive growth in the market. Another reason is paradigm shift regarding the use of dressing materials, with a view of utilizing them in the same way as drugs, with specific actions, interactions, contraindications, indications, and side effects. According to the report, published annually by Kalorama Information (New York, NY, USA), South Korea, Australia, Brazil, India, and China together represent a combined USD 3.1 billion market opportunity for wound care device makers.
“A worldwide economic slowdown did not seem to have a big impact on this market, demand for therapies remained high,” said Bruce Carlson, Publisher of Kalorama Information. “Growth should continue to come from new therapies, which will result in decreased healing times and subsequent cost savings.”
Related Links:
Kalorama Information
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