Rising Incidence of Chronic Wounds & Growing Emphasis on Wound Management to Drive the Global Wound Debridement Products Market
The global market
for Wound Debridement Products is projected to reach US$2.5 billion by 2024, driven by rising
incidence of chronic wounds, growing emphasis on wound management, and launch
of advanced products.
The market for wound debridement products is currently
witnessing steady growth driven by a host of factors, such as expanding base of
aging population and increasing prevalence of chronic diseases, such as
diabetes and obesity; growing incidence of chronic wounds such as diabetic foot
ulcers, venous ulcers, pressure ulcers; increasing emphasis on wound management
both in developed as well as developing countries; rising need to reduce
patient hospital stays; and growing acceptance of wound bed preparation
techniques, among others. With debridement constituting a critical element of
wound bed preparation, research is constantly underway to develop methods that
are highly efficient, less painful and less time consuming and cost effective
than existing methods.
Diabetic
Foot ulcer is one of the growing areas of focus for wound care companies. Delay
in optimal intervention often results in rapid deterioration of the wound,
leading to amputation of the affected limb. Diabetic foot ulcers are also major
cause of morbidity and mortality as they often lead to serious complications
such as infection and amputation, thereby affecting the patient’s quality of
life. Wound debridement aims at the management of diabetic foot ulcers and its
complications. Besides traditional methods such as surgical debriding and
maggot therapy, low frequency direct contact ultrasonic debridement is also
employed to manage diabetic foot ulcers. Enzymatic debridement is another
method gaining interest to manage DFUs. Among products developed for enzymatic
debridement, Smith and Nephew’s Santyl leads the market. Another newer eschar
removal product EscharEx® by MediWound Ltd. is undergoing trials. Once
approved, EscharEx is believed to take over the shares of Santyl, boding well
for the overall market for DFU and VLU therapies, pressure sores, and also for
post-trauma and post-surgical wounds.
As stated by the new market research report on Wound
Debridement Products, the United States
represents the largest market worldwide. Asia Pacific is forecast
to emerge as the fastest growing market with a CAGR of 8.1% over the analysis
period, led by factors such as growing aging population, increase in standard
of living, and growing incidence of diabetic foot ulcers in various countries, such
as India and China. Further, with expanding aging population and growing
incidence of obesity, the demand is expected to reach new heights in these
regions through the forthcoming years. Improved healthcare delivery systems,
along with growing participation of the government to streamline healthcare
expenditures, also presents favorable growth opportunities for the market.
Major players in the market include Advanced Medical
Solutions Group Plc., Coloplast, DeRoyal Industries Inc., Derma Sciences Inc., Lohmann
& Rauscher GmbH & Co. KG, Misonix Inc., MediWound Ltd., Medline Industries Inc., Smith & Nephew
Plc., Soering GmbH, Welcare Industries SpA, and Zimmer Biomet Holdings Inc., among
others.
The
research report titled “Wound Debridement Products - Market Analysis, Trends,
and Forecasts” announced by Global
Industry Analysts Inc.,
provides a comprehensive review of market trends, mergers, acquisitions and
other strategic industry activities of major companies worldwide. The report
provides market estimates and projections in US dollars for all major
geographic markets including the United States, Canada, Japan, Europe,
Asia-Pacific, Latin America, and Rest
of World.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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