REPORT HIGHLIGHT

The wound dressing market was valued at USD 10.48 billion by 2017, growing with 3.8% CAGR during the forecast period, 2018-2025.

Market Dynamics

Wound dressing industry consists of treatment for either chronic or temporary cases, caused by bed sores, infections, accidents, diabetic foot ulcers etc. The key driver for this industry is an increase in the number of road accident and burn cases. As per the World Health Organization (WHO), estimated 1.25 million death records every year globally due to road traffic injuries (which is approximately 1 person is killed within every 25 seconds).

A study published in 2016, by the NCBI (The National Centre for Biotechnology Information) on the prevalence and incidence of chronic wounds stated that approximately 1 to 2% of population is affected by chronic wound in their lifespan. It is even considered as a silent epidemic as it is known to affect approximately 6.5 million people in the U.S as per the U.S. National Institutes of Health. The guidelines, published in the Journal of the American College of Surgeons, 2017 stated that the SSI (Surgical site infections) is the most common and costly as compared to all hospital infections. An estimated 2-5% of people undergoing inpatient surgery are affected by these. All such statistics are indicating the increase in product demand, supporting the industry growth.

Product Takeaway

The two basic categorization for the dressing products are; traditional and advanced dressing. The advanced wound dressing market is seeing a faster growth owing to the technological advances and scientific know how. These include use of foams, hydrocolloid system, alginates, superabsorbent wound dressings etc.  A study published in 2015, by the NCBI called Challenges in the treatment of chronic wound, stated that the care for conditions such asthese, ithas been reported to cost 2% to 3% of the healthcare budgets in developed countries. Advanced dressing has been used in these cases which will augment the segment growth.

Surgical wound bandage also captures a good amount of the revenue generation. Based on the data by the WHO (World Health Organization), the presence of diabetes has gone from 4.7% to 8.5%, in the past 35 years. In many cases of diabetes, wounds like foot ulcers and gangrene are prevalent, thus resulting in positive impact in the surgical wound bandage demand.

Regional Takeaway

North America dominates the industry and has almost half the shares in the revenue. One of the core reasons for this being an rise in the geriatric population and an increase in lifestyle diseases like obesity and diabetes etc. The Centers for Disease Control and Prevention (CDC) mentioned that around 2.5 million people are suffering from pressure sores every year in the U.S.

On contrary, due to an increase in the scope and opportunity, the Asia Pacific market is forecasted to grow exponentially. This can be attributed to the increase in medical procedures in India and China, which will establish the healthy platform for industry growth.  A report by the ICMR (Indian Council of Medical research) stated that the diabetes prevalence has seen a rise of about 64% across India in the past quarter century.

Key Vendor Takeaway

Some of the prominent companies operating in the market are DermaRite Industries LLC, 3M Company, Hollister Incorporated, Integra Life Sciences, Medtronic, Mölnlycke Health Care, Johnson & Johnson, DeRoyal Industries Inc., and Smith & Nephew.

An expansion of companies such as ConveTec Group plc in the foam dressing segment is now improving the scope of this industry. The company launched a product called Foam Light in the year 2017, which is a flexible silicone cone used to dress wounds. Sensi Care was another product launched by the company for protection against incontinence wipes.

The market size and forecast for each segment and sub-segments has been considered as below:

• Historical Year – 2014 & 2016
• Base Year – 2017
• Estimated Year – 2018
• Projected Year – 2025

TARGET AUDIENCE

• Traders, Distributors, and Suppliers
• Manufacturers
• Government and Regional Agencies and Research Organizations
• Consultants
• Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

• Traditional
• Advanced
  • Antimicrobial
  • Moist
  • Interactive

MARKET, BY REGION

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Rest of APAC
• Rest of the World
  • Middle East and Africa
  • Latin America

  • TABLE OF CONTENT

    1. WOUND DRESSING MARKET OVERVIEW
    1.1. Study Scope
    1.2. Assumption and Methodology 
    2. EXECUTIVE SUMMARY
    2.1. Key Market Facts
    2.2. Geographical Scenario
    2.3. Companies in the Market
    3. WOUND DRESSING KEY MARKET TRENDS
    3.1. Market Drivers 
    3.1.1. Impact Analysis of Market Drivers
    3.2. Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. Market Opportunities
    3.4. Market Future Trends
    4. WOUND DRESSING INDUSTRY STUDY
    4.1. Porter’s Analysis
    4.2. Market Attractiveness Analysis
    4.3. Regulatory Framework Analysis
    5. WOUND DRESSING MARKET LANDSCAPE 
    5.1. Market Share Analysis
    6. WOUND DRESSING MARKET – BY PRODUCT
    6.1. Overview
    6.2. Traditional
    6.2.1. Overview
    6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    6.3. Advanced
    6.3.1. Overview
    6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    6.3.3. Antimicrobial
    6.3.3.1. Overview
    6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    6.3.4. Moist
    6.3.4.1. Overview
    6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    6.3.5. Interactive
    6.3.5.1. Overview
    6.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7. WOUND DRESSING MARKET– BY GEOGRAPHY
    7.1. Introduction
    7.2. North America
    7.2.1. Overview
    7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.2.3. U.S.
    7.2.3.1. Overview
    7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.2.4. Canada
    7.2.4.1. Overview
    7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.3. Europe
    7.3.1. Overview
    7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.3.3. France
    7.3.3.1. Overview
    7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.3.4. Germany
    7.3.4.1. Overview
    7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.3.5. Rest of Europe
    7.3.5.1. Overview
    7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.4. Asia Pacific (APAC)
    7.4.1. Overview
    7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.4.3. China
    7.4.3.1. Overview
    7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.4.4. India
    7.4.4.1. Overview
    7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.4.5. Rest of APAC
    7.4.5.1. Overview
    7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.5. Rest of the World
    7.5.1. Overview
    7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.5.3. Latin America
    7.5.3.1. Overview
    7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    7.5.4. Middle East and Africa
    7.5.4.1. Overview
    7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    8. KEY VENDOR ANALYSIS
    8.1. DermaRite Industries LLC
    8.1.1. Company Overview
    8.1.2. SWOT Analysis
    8.1.3. Key Developments
    8.2. 3M Company
    8.2.1. Company Overview
    8.2.2. SWOT Analysis
    8.2.3. Key Developments
    8.3. Hollister Incorporated
    8.3.1. Company Overview
    8.3.2. SWOT Analysis
    8.3.3. Key Developments
    8.4. Integra Life Sciences
    8.4.1. Company Overview
    8.4.2. SWOT Analysis
    8.4.3. Key Developments
    8.5. Medtronic plc
    8.5.1. Company Overview
    8.5.2. SWOT Analysis
    8.5.3. Key Developments
    8.6. Mölnlycke Health Care
    8.6.1. Company Overview
    8.6.2. SWOT Analysis
    8.6.3. Key Developments
    8.7. Johnson & Johnson
    8.7.1. Company Overview
    8.7.2. SWOT Analysis
    8.7.3. Key Developments
    8.8. DeRoyal Industries Inc.
    8.8.1. Company Overview
    8.8.2. SWOT Analysis
    8.8.3. Key Developments
    8.9. Smith & Nephew 
    8.9.1. Company Overview
    8.9.2. SWOT Analysis
    8.9.3. Key Developments
    9. 360 DEGREE ANALYSTVIEW
    10. APPENDIX
    10.1. Research Methodology
    10.2. Abbreviations
    10.3. Disclaimer
    10.4. Contact Us

    List of Tables
    Table 1 List of Acronyms
    Table 2 Key Market Facts, 2014 – 2025
    Table 3 Market Drivers: Impact Analysis
    Table 4 Market Restraint: Impact Analysis 
    Table 5 Market Opportunity: Impact Analysis 
    Table 6 PEST Analysis
    Table 7 Porter’s Five Forces Analysis
    Table 8 Company Market Share Analysis
    Table 9 Global Wound Dressing Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
    Table 10 Wound Dressing Market, by Product, 2014 – 2025 (USD Billion)
    Table 11 Wound Dressing Market, by Geography, 2014 – 2025 (USD Billion)
    Table 12 North America Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 13 U.S. Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 14 Canada Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 15 Europe Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 16 France Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 17 Germany Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 18 Asia Pacific Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 19 China Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 20 India Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 21 Latin America Wound Dressing Market, 2014 – 2025 (USD Billion)
    Table 22 MEA Wound Dressing Market, 2014 – 2025 (USD Billion)

    List of Figures
    Figure 1 Research Methodology
    Figure 2 Research Process Flow Chart
    Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
    Figure 4 Regulatory Framework Analysis
    Figure 5 Wound Dressing Market, by Product, 2014 – 2025 (USD Billion)
    Figure 6 Wound Dressing Market, by Geography, 2014 – 2025 (USD Billion)

    SCOPE AND OBJECTIVES
    The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends. 
    The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

    KEY BENEFITS OF THE REPORT
    – The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
    – Thorough analysis of relevant statistical data to estimate the market paradigms
    – Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
    – Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

    RESEARCH METHODOLOGY

    Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

    • Official company’s website, financial and annual reporting
    • Government statistical data
    • Online publishing articles
    • Industry player’s investor presentations
    • Economic news articles
    • National and international trade associations
    • The financial, business, and mainstream press
    • Industry study groups and semiofficial sources
    • Informative channels related to the market topics

    * Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

    In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

    In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

    These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

    Market Forecast :

    Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

    For forecasting, the following parameters were considered:

    • Market drivers and restraints along with their current and expected impacts
    • Technological scenario and expected developments
    • Trends in the consumer behaviors
    • End-user industry trends

    We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

    Market Analysis

    Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

    We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.