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Rising Geriatric Population to Drive Global Wound Dressing Market

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Published on : Mar 17, 2016

The process of wound dressing has been followed since the early eras of civilization. However, the traditional practices of wound dressing were inadequate as they could not provide a safe condition for the growth of new cells on the human skin. The modern science discovered that it is essential to retain some moisture along with adequate aeration to help the growth of endoderm and epidermal cells. With the help of this process, the time required for healing was reduced coupled with a decreased discomfort to some extent.

The patients and healthcare practitioners have always favored traditional wound dressings due to the well-defined reimbursement policies and low prices. Nevertheless, in recent years, advanced wound dressings having been gaining traction owing to the extensive range of improved and novel wound care products that are available across the globe. Rising geriatric population across the globe is one of the major factors that is estimated to fuel the growth of the global wound dressing market in the near future.

The global market for wound dressing can be divided broadly into two segments such as:

  • Traditional Wound Dressing
  • Advanced Wound Dressing

Among the two major segments, the traditional wound dressing segment dominated the overall market. However, in recent years, the advanced wound dressing segment is expected to grow substantially, thanks to its growing demand and affordability for improved products of wound care. Furthermore, the traditional wound dressing segment can be sub-classified into wound closure products, basic wound care, and anti-infective dressing. On the other hand, the advanced wound dressing segment is sub-segmented into films, alginates, foams, hydrocolloids, collagen, and hydrofiber.

The global market for wound dressings is fragmented owing to the presence of large as well as small players operating in the global market. Thus, several companies are keen to participate in the global wound dressing market in the next few years and create a brand to gain the competitive advantage. Some of the prominent players operating in the global market for wound dressing are Coloplast A/S, Molnlycke Health Care, Medline Industries, Inc., ConvaTec, Inc., Derma Sciences, Inc., Smith & Nephew plc, PAUL HARTMANN AG., and Kinetic Concepts, Inc.

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