Wound Dressing Market in Asia-Pacific is Expected to Grow at 7.5% CAGR During 2016 - 2022: P&S Market Research

NEW YORK, September 22, 2016 /PRNewswire/ --

According to market research "Global Wound Dressing Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Advanced Wound Dressing and Traditional Wound Dressing), by Application (Surgical Wounds, Ulcers and Burns) and by End User (Inpatient and Outpatient Facilities)" by P&S Market Research, the global wound dressing market was valued at $9,989.6 million in 2015, and it is expected to grow at a CAGR of 6.9% during the period 2016 - 2022. The wound dressing market is growing due to increasing chronic wounds and increasing awareness about wound dressing products. Increasing cases of diabetes leading to pressure ulcers is further generating an increased demand for ound dressings.

Based on wound dressing type, the advanced wound dressing segment is expected to witness faster growth during the forecast period. Among the various applications, the surgical wounds segment accounted for the largest share in the global market in 2015; and it is expected to witness growth at 7.3% CAGR during 2016 - 2022.

Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/wound-dressings-market

Advanced wound dressing is used to treat chronic wounds, which fail to heal properly in timely manner. Advanced wound dressings include foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings and others. The other advanced wound dressing consists of chitosan, elastin and hyaluronic acid for the treatment of chronic wounds.

However, high cost associated with the usage of advance wound dressings is the key restraint in the growth of wound dressing market worldwide. The high cost of advanced wound dressing, such as foams, hydrocolloids, film, alginate, hydrogel and collagen, limits the affordability of the users. As a result, consumption of advanced wound dressing decreases despite higher therapeutic efficiency, hampering the growth of global wound dressing market.

Some of the key companies operating in the global wound dressing market include 3M Company, Smith and Nephew plc, Medtronic plc, Johnson and Johnson, Molyncke Health Care, DermaRite Industries LLC., Derma Sciences Inc., Hollister Incorporated, ConvaTec and DeRoyal Industries Inc.

GLOBAL WOUND DRESSING MARKET SEGMENTATION 

By Type  

- Advanced Wound Dressing

  -- Foam Dressing

  -- Hydrocolloid Dressing

  -- Film Dressing

  -- Alginate Dressing

  -- Hydrogel Dressing

  -- Collagen Dressing

  -- Others

- Traditional Wound Dressing

  -- Bandage

  -- Gauze

  -- Sponges

  -- Abdominal Pads

  -- Others

By Application 

- Surgical Wound

- Ulcer

- Burn

By End User 

- Inpatient Facilities

- Outpatient Facilities

By Geography 

- North America- U.S. and Rest of North America

- Europe- U.K., Germany, France and Rest of Europe

- Asia-Pacific - China, Japan, India and Rest of Asia-Pacific

- Rest of the World (RoW)- Brazil and Rest of Rest of the World

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SOURCE P&S Market Research