Global Wound Cleanser Products Market: Overview
TMR observes a vast rise in the set of opportunities in the global wound cleaner market. The market has been expanding at a promising pace due to the rising demand for more reliable wound care products for the treatment of both chronic and acute wounds. The market is also expected to exhibit an impressive growth trajectory over the report’s forecast period and is expected to benefit from the rising penetration of advanced and new wound care therapies in emerging economies.
This report attempts to present a scrupulous account of the present growth prospects of the market and its future growth potential over the period between 2018 and 2026. The market has been analyzed based on the potential influence of key drivers, notable recent trends, challenges, and opportunities. An account of the impact of the regulatory scenario governing the overall development prospects of the global wound cleanser product market is also provided. The report also includes a thorough account of the competitive dynamics of the wound cleanser products market.
Global Wound Cleanser Products Market: Trends and Opportunities
The vast rise in prevalence of chronic wounds, rising number of surgeries, trauma, and burn cases, rising disposable income, and growing understanding of the need for treatment of complex wounds are some of the leading drivers of the wound cleanser products market. In developed economies, the per capita disposable incomes are increasing and the affordability of high-end products has also increased in developing countries.
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As such, the wound cleanser products market will expand at an impressive pace in the next few years as well. The market is also driven by rising risk factor rates and the need for cost-efficient treatments. A notable trend observed in the market in the past few years is the increased preference to e-commerce channels for purchasing a variety of wound cleansing products owing to the added convenience provided by this mode of commerce. To benefit from this trend, leading companies manufacturing wound cleanser products are seeking collaborations with leading e-commerce companies in promising regional markets.
Global Wound Cleanser Products Market: Segmentation
The report segments the global wound cleaner products market based on criteria such as wound type, form type, product type, end-user, and geography. Based on wound type, the wound cleanser products market is broadly divided into acute wounds and chronic wounds. The major application of wound cleanser products is chronic wounds owing to the massive rise in prevalence of traumatic ulcers, diabetic ulcers, and pressure ulcers globally. Of the millions of people worldwide with diabetes, 10% to 15% could develop diabetic foot ulcers. Thus the application of wound cleanser products in chronic wounds is expected to remain lucrative for market players.
Hospital inpatient settings, hospital outpatient settings, ambulatory surgical centers, community medical centers, and home healthcare are the leading end-users of wound cleanser products. Of these, hospital inpatient settings hold a significant share in the overall wound cleanser products market owing to the growing prevalence of chronic wounds in inpatient settings, especially in ICU. The home health care segment is growing at high rate especially in developed economies due to growing geriatric population and increasing health care infrastructure and support. Venous ulcers and acute injury cases are largely treated at community settings.
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Global Wound Cleanser Products Market: Regional and Competitive Dynamics
Geographically, the global wound cleanser products market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Of these, the market in North America presently accounts for the dominant share in the global wound cleanser products market, followed by Europe. According to the International Diabetes Federation, in 2013, 24.4 million people in the U.S. suffered from diabetes, with a prevalence rate of 10.9%. New companies are coming up with innovative products in wound care in the U.S. The wound cleanser products market in Europe is driven by increasing innovation in dressings and rising causes of chronic injuries such as thromboembolism and diabetes.
Some of the leading companies in the wound cleanser products market are Smith & Nephew plc., Derma Sciences Inc., Coloplast Group, B. Braun Melsungen AG, Johnson & Johnson Services Inc., Reckitt Benckiser Group plc., Molnlycke Healthcare, and Medtronic Plc.
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