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.
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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.
