The growing demand for combination Dressings for the treatment of chronic wounds is one of the major trends in the global Wound care market. The most frequently used combination dressing is an antimicrobial agent and a biological material together act as a combination dressing. The combination of dressings blend the chemical and physical properties of two or more types of wound dressing products to provide optimum functionality and are comfortable, waterproof, prevents bacterial and viral infections, and skin friendly during body movement compared to basic wound care products. For instance, ConvaTec offers AQUACEL combination dressings that is made up of Hydrofiber Technology that incorporates a stitch bonding and increases tensile strength of the dressing and is used as a combination dressing with an absorbent for the treatment of chronic wounds. Some of the examples of combination dressings are silver alginate dressings, silver collagen dressings, collagen hydrochloride dressings, and foam dressings. These dressings are used in the treatment of chronic ulcers, traumatic wounds, and surgical wounds.
WOUND CARE DEVICES MARKET TO GROW TO $14.4 BILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.
The Business Research Company expects the wound care devices market to grow to $14.4 billion in 2020 Europe was the largest region in the wound care devices market in 2016, accounting for $3.8 billion or 34.4% of the market share.
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The chart below shows the year-on-year growth of the global wound care devices market during 2016 - 2020.
According to The Business Research Company’s Medical Equipment Consultant, Sandeep Kumar Bejini, the launch of advanced wound care devices by major competitors is a significant positive trend being witnessed by the market in recent years. Due to the highly competitive nature of the market and the presence of various players, companies are focusing on advanced technologies to manufacture orthopedic devices for various applications. For instance, in September 2016, ConvaTec launched Foam Lite ConvaTec dressing, a new type of silicone foam dressings used in the treatment of chronic and acute wounds. In addition to this, in September 2016, ConvaTec also exhibited its new Avelle disposable negative pressure wound therapy system at World Union of Wound Healing Societies conference held in Florence, Italy. In November 2016, B. Braun Medical Inc. launched Prontosan Wound Gel X, a new wound gel that contains Betaine (surfactant) and is used to remove dead tissue from wounds and prevents the growth of microorganisms on the wound.
Cardinal Health, Inc. was one of the largest company in the wound care device market in 2016. Cardinal Health, Inc.’s medical supplies segment generated revenues of $11.4 billion for the financial year 2015, a 4% increase from the previous year. Cardinal Health’s growth strategy seeks to expand its pharmaceutical and medical device segments through mergers and acquisitions. As part of the growth strategy, the company acquired Cordis from Johnson & Johnson which led to increase in the medical segment revenue. Its acquisition in the pharmaceutical segment includes The Harvard Drug Group, a distribution chain. Also, acquisitions of companies such as OutcomesMTM and naviHealth expanded the company's integrated suite of services and strengthened its position in the post-acute space.
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Wound Care Devices and Products
Wound care devices and products are used to prevent infection and promote healing of the wound. The industry mainly consists of establishments engaged in manufacturing wound care devices and products for the treatment of wounds caused by mechanical, chemical, thermal, and radiogenic trauma; and wounds that occur due to diseases such as diabetes, skin related diseases, immunological diseases, and other chronic diseases.
The key end-users of the market include medical clinics, ambulatory surgical centers, dental offices, pain management clinics, and hospital surgical units, labor and delivery units, and critical and intensive care units in hospitals and home care organizations.
Wound Care Devices Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.
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