At 7.9% CAGR, Global Bioactive Wound Management Market Size & Share to Surpass US$ 2.9 Billion By 2028 | Industry Trends, Share, Growth, Value, Analysis & Forecast Report By Zion Market Research
NEW YORK, July 13, 2022 /PRNewswire/ -- As per Zion Market Research study, The global bioactive wound management market is predicted to increase in value from USD 1.8 billion in 2021 to USD 2.9 billion by 2028. With a compound annual growth rate (CAGR) of around 7.9 percent during the projected period.
Key Industry Insights & Finding of the Bioactive Wound Management Market Reports:
- As per the analysis shared by our research analyst, the Bioactive Wound Management Market is expected to grow annually at a CAGR of around 7.2 % (2022-2028).
- Through the primary research, it was established that the Bioactive Wound Management Market was valued approximately USD 1.8 Billion in 2021 and is projected to reach to roughly USD 2.9 Billion by 2028.
- This market is well-positioned for growth in this region because of an advanced healthcare system, a good reimbursement system, and higher patient awareness levels.
- Asia Pacific is predicted to have expansion at a profitable pace. In these developing countries, the target demographic is increasingly made up of people who have diabetic foot, pressure ulcers, and infections.
- The introduction of cutting-edge technologies and solutions for treating superficial wounds, such as biomaterials, nanotechnology, and combination dressings, is increasing the total utilization of wound care supplies.
- The increased desire to decrease hospital-acquired infections and the presence of germs that are antibiotic-resistant are further factors contributing to the increase in demand for these dressings which in turn is driving the growth of the global bioactive wound management market.
Zion Market Research published the latest report titled as "Bioactive Wound Management Market By Product (Alginate Dressing, Antimicrobial Dressing, and Hydrocolloids Dressing), End-User (Hospitals, Clinics, Long-term Patient Care, Home Care Settings, and Other), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028." into their research database.
Bioactive Wound Management Market : Overview
A variety of wound dressings are available on the bioactive wound care market. The wound dressings in this business are renowned for their microbial infection-fighting capabilities and biodegradable qualities. Additionally, these wound dressings include an antibiotic component that promotes healing and prevents infections. The traditional wound-healing products are being replaced with bioactive wound care items. When compared to bioactive wound care treatments, the older, more conventional wound healing therapies are less successful. The bioactive wound care solutions are both cost-effective and speed up wound healing.
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Industry Dynamics:
Bioactive Wound Management Market : Growth Drivers
- Growing demand for antimicrobial dressings to foster the market growth.
Antimicrobial dressings are those used to treat wounds that contain an antiseptic substance to help kill any bacteria that may be present. These dressings are mostly used on wounds that are at a greater chance of infection as well as wounds that are failing to heal as a result of an increase in bacterial load. The increased desire to decrease hospital-acquired infections and the presence of germs that are antibiotic-resistant are further factors contributing to the increase in demand for these dressings which in turn is driving the growth of the global bioactive wound management market. Further, the market is driven by the rise in the frequency of chronic injuries and the number of surgical operations. Additionally, a spike in the size of tissue replacement surgeries and a rise in healthcare professionals' knowledge of efficient wound treatment are driving the market's expansion.
Bioactive Wound Management Market : Restraints
- High costs related to bioactive wound care products to hinder the market growth.
The price of receiving medical or healthcare treatment has greatly increased. Costlier chronic wound treatment and wound care management products have had a detrimental impact on their uptake, particularly in developing nations like Asia and RoW. Less pricey items are used in these regions.
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Bioactive Wound Management Market: Opportunities
- Advancements in the technologies in medical treatment to boost the market growth.
The introduction of cutting-edge technologies and solutions for treating superficial wounds, such as biomaterials, nanotechnology, and combination dressings, is increasing the total utilization of wound care supplies. These developments provide patients with improved alleviation, acting as high-impact revenue drivers for the sector. In addition to this, small businesses have excellent R&D resources, but often lack the resources to get approvals and introduce items to the market. Large companies with sound financial standing frequently purchase these tiny companies and employ their advanced technologies to create cutting-edge products. All such factors are likely to have numerous opportunities for the growth of the global bioactive wound management market during the forecast period.
Bioactive Wound Management Market: Challenges
- Lack of studies on development of bioactive wound care products to pose challenge to the market growth.
Since wound evaluation and care is a complicated procedure including many elements that play a significant influence in the healing process, wound healing is an unmet medical concern in the health sector. Acute wounds, infected wounds, and diabetic wounds are the only uses for conductive biomaterials at this time, which are still in the experimental stage. Next, it is necessary to investigate the specific processes and if conductive biomaterials can aid in the healing of other types of wounds. The manufacturing process is an additional problem. Conducive substance production and incorporation are frequently challenging processes that can call for extreme conditions, which would limit their scope of use and cause environmental problems. Thus, more study is required for the development of bioactive wound products for wound management.
Global Bioactive Wound Management Market : Segmentation
- The global bioactive wound management market is divided into product, end-user, and region.
Based on the product, the global market is categorized into hydrocolloids dressing, antimicrobial dressing, and alginate dressing. The end-user segment comprises home care settings, long-term patient care, clinics, hospitals, and others.
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List of Key Players of Bioactive Wound Management Market :
- Systagenix Wound Management Ltd.
- Paul Hartmann AG
- Mlnlycke Health Care AB
- Smith & Nephew plc.
- ConvaTec Inc.
- Derma Sciences
- Covalon Technologies Ltd.
- 3M Healthcare
- Covidien plc
- Organogenesis Inc.
Key questions answered in this report:
- What are the growth rate forecast and market size for Bioactive Wound Management Market ?
- What are the key driving factors propelling the Bioactive Wound Management Market forward?
- What are the most important companies in the Bioactive Wound Management Market Industry?
- What segments does the Bioactive Wound Management Market cover?
- How can I receive a free copy of the Bioactive Wound Management Market sample report and company profiles?
Report Scope:
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Recent Developments
- In October 2021, Hartmann USA along with Carolina Caring started a wound care program. The program's goal is to assist patients and their families in managing chronic wounds to lessen discomfort and improve recovery. The program makes use of Hartmann's specific absorbent materials to lessen the possibility of wound leakage, which can aid in lowering the possibility of infection.
- In April 2021, in order to improve clinical understanding of chronic wounds, Medline introduced a new series of courses on chronic wound management.
Regional Dominance:
- North America to dominate the global market during the forecast period.
Regionally, North America is estimated to dominate the global bioactive wound management market during the forecast period. Wound care products witnessed widespread use in North America, particularly in the United States. This market is well-positioned for growth in this region because of an advanced healthcare system, a good reimbursement system, and higher patient awareness levels. Additionally, the region's high healthcare spending has aided in the continued growth of the healthcare industry. Additionally, the rising usability of injury-related items in the home healthcare market is fostering this sector's expansion. On the other hand, over the projection period, Asia Pacific is predicted to have expansion at a profitable pace. In these developing countries, the target demographic is increasingly made up of people who have diabetic foot, pressure ulcers, and infections.
Global Bioactive Wound Management Market is segmented as follows:
Bioactive Wound Management Market : By Product Outlook (2022-2028)
- Alginate Dressing
- Antimicrobial Dressing
- Hydrocolloids Dressing
Bioactive Wound Management Market : By End User Outlook (2022-2028)
- Hospitals and Clinics
- Long-term patient care
- Home care settings
- Other
Bioactive Wound Management Market : By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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