How is Rising Chronic Disease Prevalence Contributing in Wound Dressing Market Growth?

With the changing environment and lifestyle, the prevalence of various life-threatening diseases is increasing, thereby driving the volume of surgeries for improving the quality of life. Further, the growing geriatric population is another major factor that results in the high number of surgeries and occurrence of various ailments, as the aged are susceptible to many diseases due to their weakened immune system. The United Nations Department of Economic and Social Affairs presented a report on World Population Aging that stated that the population aged 60 years and above would reach 2.1 billion by 2050 from 962 million in 2017. The elderly require surgeries for various conditions, such as neurological disorders, cancer, and cardiovascular diseases, which puts them at risk of developing various infections, as wound healing is slowed down in them due to impaired blood circulation and reduced collagen deposition.

A study published by P&S Intelligence reported that the wound dressing market would grow at a 7.2% CAGR in the coming years, generating a revenue of $17.3 billion, compared to $11.4 billion in 2017. Wound dressings are means of enhancing the wound healing process by absorbing the exudates, allowing gaseous exchange, providing thermal insulation, and preventing the spread of infections. Wound dressings are used for treating chronic wounds, surgical wounds, and ulcers. Wound dressings are primarily of two types — traditional and advanced. Advanced wound dressings were used more than the traditional ones due to the rising popularity of many enhanced products, such as hydrocolloids, foams, alginates, films, hydrofiber, collagen, wound contact layers, hydrogels, and superabsorbent wound dressings.

To Learn more About this report@ http://bit.ly/38H5XK3

Approximately 117 million people in the U.S. suffered from one or more chronic health conditions in 2012, reported the Centers for Disease Control and Prevention. This increase was primarily seen in the prevalence of lifestyle diseases, such as stroke, cancer, respiratory diseases, heart diseases, and even diabetes. These conditions, as they worsen over time, lead to severe complications, with surgeries being the only plausible treatment option. Diabetes leads to the occurrence of many health issues, such as diabetic foot ulcers. These ulcers, if not managed timely, may even lead to amputations and may require management by surgeries to prevent the maceration of the surrounding tissue by using appropriate products, including foams, hydrocolloids, and alginates. Postoperative care comprises wound dressing as an essential component; therefore, the growing prevalence of such diseases and volume of surgeries to treat them would aid in the advance of the wound dressing market.

Though the demand for wound dressing is expected to witness a massive across the world, the most rapid surge would be seen in Asia-Pacific (APAC). The International Diabetes Federation (IDF) estimated that about 142.7 million cases of diabetes would be reported in China by 2035. Additionally, a  Global Status Report on Road Safety mentioned that 207,551 and 261,367 fatalities were reported in India and China, respectively in 2015. In the light of these numbers, it is easy to infer why the demand for wound dressing products is expected to be the highest in the Asia-Pacific region. Other than the factors listed above, this high demand can also be attributed to the rising geriatric population, incidents of burn cases, and number of accidents in the region.

Read more: https://www.psmarketresearch.com/market-analysis/wound-dressings-market

Read More

What are the Various Uses of Wound Care Products?

In 2014, approximately 15,775 fire-related injuries were reported in the U.S., as per the National Fire Protection Association (NFPA). Furthermore, the World Health Organization (WHO), in its 2014 publication, stated that around 1 million people in India suffer from moderate to severe burns yearly. This high and rising number of burn cases is driving the demand for various products to treat the resulting wounds. Burns caused by chemicals, radiation, heat, electricity, and friction lead to severe loss of tissue, blood vessels, and skin. Treating these wounds properly is mandatory, and this is done by the use of wound care products.

Wound care products comprise advanced wound care products (AWP), wound closure products (WCP), and traditional wound care products (TWP). These products accelerate the wound healing process by providing thermal insulation, absorbing exudates, allowing gaseous exchange, and preventing the entry of infectious agents. They are used to treat chronic wounds, ulcers, and surgical wounds. In 2015, the global wound care market attained a size of $24,482.9 million, and it is predicted to witness a CAGR of 6.7% in the near future. Among different products, AWPs  are used the most and will continue to be popular in the coming years. AWPs are further divided into advanced wound dressings (AWD), wound therapy devices (WTD), and active wound care products (AWC). The requirement for these products is growing rapidly because they help speed up the wound healing process by regulating the temperature, oxygen flow, and moisture around the injured skin and tissue.

To Learn More About This Report: http://bit.ly/2mQlftj

A large number of surgical wounds are treated using different wound care products, and since the volume of surgeries worldwide is increasing rapidly, the requirement for products to treat the wounds is also surging. Some of the reasons for this rise in the volume of surgeries are the growing prevalence of chronic diseases (such as cancer, heart diseases, respiratory diseases, and stroke) and growing inclination of people on aesthetics. According to the Centers for Disease Control and Prevention (CDC), in 2012, about 117 million people in the U.S. were suffering from at least one chronic health condition. In addition to this, the American Society of Plastic Surgeons stated that in 2012, around 14.6 million cosmetic surgeries were carried out in the U.S. These procedures are performed by making incisions on the body, thereby leading to wound formation. Wound care products then are used for cleaning and treating the areas of the body affected during surgical procedures.

Since there has been a mention of chronic diseases, it is important to point out that the geriatric population is more susceptible to them. Due to old age, their body functions are weakened, which results in a longer period for a wound to heal in comparison to younger adults. The growing aged population thus is leading to an increasing demand for wound care products. The United Nations Department of Economic and Social Affairs (UNDESA)’s report on the global aging population stated that the worldwide share of people aged 60 years or above was 11.7% in 2013, and it is predicted to reach 21.1% by the end of 2050. So, as their numbers, so will the total cases of wounds, and in turn, the demand for products to treat them.

Read More