Wound Care Dressings Market share worth USD 2500 million by 2025

Key industry players operational in wound care dressings market includes Smith & Nephew, Integra Life Sciences, M?lnlycke Health Care AB, Mimedx Group, Wright Medical, Osiris Therapeutics, Kerecis, Amnio Technology, Derma Sciences, Solsys Medica and Skye Biologics.

Selbyville, United States - May 6, 2019 /MarketersMedia/ —

Hospitals segment of wound care dressings market will grow at 8.8% till 2025 as a result of growing utilization of wound healing products such as topical agents and skin substitutes in hospitals. Growing cases of diabetic foot ulcers, venous leg ulcers, surgical wounds and burns will increase the demand for wound care biologic products utilized in healing the post-surgical wounds thus, positively influencing the segment growth.

Venous leg ulcers segment of wound care dressings market was valued at USD 195 million in 2018 and is expected to have enormous growth throughout the analysis period. Venous leg ulcers are often caused due to obstruction in the functioning of blood supply from legs to heart for purification. The veins in the leg can disrupt and stop blood supply causing weakening of skin due to increased pressure on the limbs. This reduces the rate of wound healing and makes a person more susceptible to leg ulcers on occurrence of any sort of minor injury. Skin substitutes are preferred in the treatment of venous leg ulcers that should propel segment growth.

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Skin substitutes segment was valued at USD 940.6 million in 2018 and is expected to have considerable revenue size during the forecast timeframe. With advancements in research and technology, availability of superior quality skin substitutes has escalated that will positively impact the segment growth. High usage of biotechnologically engineered skin substitutes for aesthetic surgeries and skin reconstruction surgeries in burn cases will further augment industry growth.

Global wound care dressings market will surpass USD 2500 million By 2025; according to a new research report by Global Market Insights, Inc. Hospitals segment will grow at 8.8% till 2025 as a result of growing utilization of wound healing products such as topical agents and skin substitutes in hospitals. Growing cases of diabetic foot ulcers, venous leg ulcers, surgical wounds and burns will increase the demand for wound care biologic products utilized in healing the post-surgical wounds thus, positively influencing the segment growth.

Topical agent segment will witness 8.9% CAGR during the analysis period. Topical agents include ointments, creams, lotions. Recently developed topical agents are also known to stimulate the process of wound healing. Doctors and physicians have high preference for using topical agents as they possess similar level of efficacy as that of the oral formulations. Also, topical agents have fewer side effects that will increase its demand over other wound healing products accelerating the segment growth.

Burns segment of wound care dressings market will experience 9% CAGR during the forecast timeframe. Considerable growth is attributed to increasing prevalence of skin burns and consequent surge in the demand of wound care biologics products. Skin burns require critical care and the wound dressings need to be changed at appropriate time intervals to avoid future complications. Increasing preference for wound care biologics in treating skin burns will augment the segmental growth during upcoming years.

China wound care dressings market witnessed 11.8% CAGR and is anticipated to grow exponentially over forecast timeframe. Increasing prevalence of diabetic foot ulcers in China will enhance the industry growth. Moreover, Chinese population has high preference for aesthetic surgeries that proves beneficial for the industry growth. Furthermore, availability of superior quality wound care biologics in China will positively impact the Chinese wound care biologics market growth.

India wound care biologics market accounted for 19.5% revenue share of the Asia Pacific wound care biologics market in 2018 and is anticipated to witness exponential growth during forecast timeframe. Also, there are improvements in the Indian public healthcare system that ensures availability of superior quality wound healing products.

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Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/wound-care-biologics-market

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Source: MarketersMedia

Release ID: 509159