Wound management is an important process for the wound healing. It includes a detailed care plan with respect to all factors affecting and contributing to the wound and the patient. Traditional wound management includes the use of dressings or coverings which protect and cover a wound from other infection. These coverings are commonly used to absorb exudate, stop bleeding, to dry the wound to help it heal quicker and to protect the opening from harmful elements. Traditional wound management products are widely adopted from the past decades as they can treat non-severe and acute wounds.
The global traditional wound management market has been seeing tremendous growth from the last few decades. The growth of the market is primarily driven by rising preference of the patients and care providers to use traditional wound care methods for the wound management. Likewise, factors such as growing funding for wound care research, increasing old age population across the globe, surge in the demand for first aid products, increasing adoption of traditional wound care management products, rising number of cases regarding small and big road accident and growing prevalence of diabetic foot ulcers are expected to improve growth of the market during the forecast period. Nevertheless, a surge in the development and adoption of advanced wound care products is major restraining factor that could hamper the growth of the market.
The study analyses global traditional wound management Market based on modality, indication, end user and geography.
Based on modality, bandage and gauze segments are likely to witness fast growth during the estimated timeframe. Gauze is a thin, versatile, and translucent fabric that can directly applied to the wounds. And bandage is a strip or band of woven material and is used to bind up a wound or to protect an injured part of the body. An increasing adoption of bandage and gauze in home-care applications, hospitals, and clinics as well as by individuals to cover up acute wound and to enable rapid healing is major driving factor that accredited to the growth of these segments.
Based on indication, acute wound segment is projected to experience rapid growth during the forecast period. Acute wound segment is further segmented into surgical and traumatic wounds and burns. Factors such as rising incidence of burn injuries, growing cases of trauma across the world, and surge in the demand for instant wound care products for these wounds are attributed to the growth of this segment.
Based on end user, hospital segment dominated the market in 2020 and is expected to maintain its dominance at high growth rate during the forecast period. Increasing number of hospitals across the globe, surge in the adoption of various wound care products in a bulk quantity, rising awareness of the people regarding instant wound care products, high disposable income of the people on health, and surge in the expenditure on the healthcare industry by government as well as private entities are major contributing factors behind the growth of the market.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global traditional wound management market and is likely to dominate the market over the estimated time frame. The US and Canada dominate the market in NA region. The growing cases of road accidents, sports injuries, and increasing prevalence of chronic diseases in the region is expected to drive the traditional wound management market in NA region. In addition, factors such as rising adoption of traditional wound management products for home healthcare application, growing use of first aid kits and ongoing improvements in healthcare infrastructure are anticipated to expand growth of the market in the region.
The major key players of market includes B. Braun Melsungen AG, BSN Medical, Cardinal Health, Derma Sciences Inc, DUKAL Corporation, Johnson & Johnson Pvt. Ltd, Medline Industries, Inc, Medtronic Plc, Molnlycke Health Care, Paul Hartman AG and Smith & Nephew plc among others.
The study analyses global traditional wound management market based on modality, indication, end user and geography. Traditional wound management market by modality is segmented into bandages, cotton, gauze, and tape. The bandage and gauze segments are likely to dominate the market over the forecast period. Increased adoption of these wound management products owing to their several benefits such as low cost, quick healing and comfort is attributed to the market growth. By indication, the market is segmented into chronic wounds and acute wounds. The market on the basis of end user is segmented in clinics, home healthcare, hospitals, and others. The hospital segment is likely to register fastest growth in years to come owing to the growing adoption of traditional wound management products by care providers across the globe. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
Why to buy this report:
• The report offers changing market dynamics in the traditional wound management market industry, presenting historical, current and projected market size in terms of value (USD Million)
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the traditional wound management market
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments and a neutral perspective of the traditional wound management market performance
• The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of traditional wound management market