The global patch based wound healing products market size is expected to reach USD 1.51 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.2% during the forecast period. Factors such as increasing prevalence of acute and chronic wounds, number of surgical procedures, incidence of road accidents, and demand for rapid wound healing products are expected to propel the market growth.
Increasing
cases of chronic and acute wounds across the globe is anticipated to be the
major growth driver for the market. As per a journal published by the
ScienceDirect in 2018, prevalence of non-healing chronic wounds in the
developed countries is around 1.0 to 2.0% of the population. Adoption of
unhealthy and sedentary lifestyles, alcohol consumption, and smoking are some
of the major factors contributing to the rise in prevalence of non-communicable
diseases.
According
to the National Diabetes Statistic Report, 2017, published by the Centers for
Disease Control and Prevention (CDC), more than 100 million people in U.S. were
living with diabetes or prediabetes in the same year. According to a report
published by the American Diabetes Association in 2018, the annual incidence of
diabetic foot ulcer was around 2.0% in most Western countries. Rising
prevalence of acute wounds across the globe is anticipated to drive the patch
based wound healing products market. As per the World Health Organization
(WHO), over 1,000,000 people are registered, annually, as moderately or
severely burnt. Rising incidence of burns is also anticipated to propel the
product demand over the forecast period.
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Patch Based Wound
Healing Products Market Report Highlights
- In terms of revenue, acute
wounds segment held the largest market share in 2018 owing to the rising
cases of road accidents and burn cases across the globe
- The collagen based wound
healing products held the largest market share in 2018 owing to wide range
of product application for the treatment of various types of wounds
- Asia Pacific patch based
wound healing products market is expected to witness the fastest CAGR over
the forecast period owing to the huge untapped market potential and rising
number of road accidents
- Few of the prominent market
players are Johnson & Johnson Services, Inc.; Smith & Nephew plc;
Mölnlycke Health Care; Coloplast; 3M; and B. Braun Melsungen AG
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Patch Based Wound
Healing Products Market Segmentation
Grand View Research has segmented
the global patch based wound healing products market report on the basis of
formulation, application, and region:
Patch Based Wound
Healing Products Formulation Outlook (Revenue, USD Million, 2015 - 2026)
- Povidone-iodine
- Silver
- Collagen
- Others
Patch Based Wound
Healing Products Application Outlook (Revenue, USD Million, 2015 - 2026)
- Chronic Wound
- Acute Wound
Patch Based Wound
Healing Products Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia-Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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