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Traditional Wound Management Products - Global Market Trajectory & Analytics

  • ID: 4721449
  • Report
  • February 2022
  • Region: Global
  • 570 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Healthcare
  • B.Braun Melsungen AG
  • Beiersdorf AG
  • Cardinal Health, Inc.
  • Cremer S.A.
  • Johnson & Johnson

Global Traditional Wound Management Products Market to Reach $6.4 Billion by 2026


Traditional wound care products are widely used as primary as well as secondary dressings to protect the wound from contamination. Steered by robust increase in wound care requirements in verticals such as surgical wounds, trauma, lacerations, diabetic ulcers, venous ulcers, burns, and pressure ulcers, demand for various traditional wound dressings such as gauzes, bandages, body netting, cohesive wraps, composite dressings, and non-adherent dressings, exhibited progressive growth. Furthermore, aging population, growing incidence of lifestyle diseases like obesity and diabetes, favorable medical reimbursement policies in various countries, and advancements in medical technology, among other factors have aided market expansion. The trend towards self-care is a major force widening market opportunities in the category. With medical costs surging incessantly, people prefer to take care of minor wounds and injuries themselves, which has led to increase in demand for products that promote healing faster at one`s home. Evolving wound care practices in ambulatory care as well as outpatient centers potentially enhance the future prospects for traditional wound management products.

Amid the COVID-19 crisis, the global market for Traditional Wound Management Products estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$6.4 Billion by 2026, growing at a CAGR of 3.7% over the analysis period. Gauzes, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$3.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bandages segment is readjusted to a revised 2.8% CAGR for the next 7-year period. Gauzes are made with thin, breathable fabric in woven and versatile designs, and are intended for direct application on the wound. These dressings help keep the wound clean and allow faster healing. Use of cotton gauze remains widespread in medical dressings, wound adhesions and other areas. Bandages, particularly adhesive tapes and bandages, continue to witness growing application, given their extensive usage in sports medicine and in first aid for the treatment of minor injuries.



The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $945.9 Million by 2026


The Traditional Wound Management Products market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$945.9 Million by the year 2026 trailing a CAGR of 5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. The US and Europe represent the major markets for traditional wound management products. The demand for these products in Europe is driven by declining prices of advanced dressings, while growth in the US market is being driven by proliferation of ambulatory surgical centers. Increasing healthcare costs, rising life expectancies, heightened awareness about the benefits of timely wound management, changing lifestyles, and rise in home patient care trends are driving demand in developing regions.

Acute Wounds Segment to Reach $4.2 Billion by 2026


Surgical incisions, burns and other small wounds are usually referred to as acute wounds. Growth in the segment is led by rising use of topical ointments that help fight infection and/or decrease pain, thereby hastening the wound healing process. In the global Acute Wounds segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected size of US$3.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$540.8 Million by the year 2026, while Latin America will expand at a 3.8% CAGR through the analysis period.

Select Competitors (Total 100 Featured) -

  • 3M Healthcare
  • B.Braun Melsungen AG
  • Beiersdorf AG
  • Cardinal Health, Inc.
  • Cremer S.A.
  • Johnson & Johnson
  • Medline Industries, Inc
  • Mölnlycke Health Care AB
  • Paul Hartmann AG
  • Vernacare
  • Zee Medical
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Traditional Wound Management Products

What is the estimated value of the Global Market for Traditional Wound Management Products?

The Global Market for Traditional Wound Management Products was estimated to be valued at $5.2 Billion in 2020.

What is the growth rate of the Global Market for Traditional Wound Management Products?

The growth rate of the Global Market for Traditional Wound Management Products is 3.5%, with an estimated value of $6.4 Billion by 2026.

What is the forecasted size of the Global Market for Traditional Wound Management Products?

The Global Market for Traditional Wound Management Products is estimated to be worth $6.4 Billion by 2026.

Who are the key companies in the Global Market for Traditional Wound Management Products?

Key companies in the Global Market for Traditional Wound Management Products include 3M Healthcare, B.Braun Melsungen AG, Beiersdorf AG, Cardinal Health, Inc., Cremer S.A., Johnson & Johnson, Medline Industries, Inc, Mölnlycke Health Care AB and Vernacare.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Healthcare
  • B.Braun Melsungen AG
  • Beiersdorf AG
  • Cardinal Health, Inc.
  • Cremer S.A.
  • Johnson & Johnson

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Providing Wound Care Amid COVID-19 Pandemic
  • COVID-19 Impact on the Healthcare Sector
  • US Percentage Change in Weekly Outpatient Visits in First Quarter of 2020 Vs 2019
  • Telemedicine, Remote Patient Monitoring Takes Center Stage
  • Home Care Gains Preference Led by Low Risk of Exposure
  • Physician Visits and Office-Based Labs and Ambulatory Surgery Centers Emerge as Other Viable Options
  • Traditional Wound Management Products – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Wounds & Wound Management: A Prelude
  • Traditional Wound Care Market
  • Product Scope and Definitions
  • Emerging Markets Drive Growth Opportunities
  • Rising Incidence of Chronic Diseases and Wounds Propel Global Traditional Wound Management Market
  • Prevalence and Incidence of Wounds: Select Statistics
  • Healing Time by Type of Wound (in Days)
  • Chronic Wounds: Select Statistics
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Smart Bandages Gain Interest
  • Smartphone-controlled Smart Bandages
  • Spray Bandages: An Emerging Area of Growth
  • Adhesive Bandages Explore Novel Design Variations
  • Select Recent Product Developments and Innovations
  • Recent Innovations
  • Traditional Burn Care Dressings Give Way to Advanced Products
  • First-Aid Sustains Demand for Adhesive Bandages
  • Gauze: Still a Highly Used Product
  • Topical Ointments: An Ever-Green Wound Management Solution
  • Trend towards Home Care and Self-Treatment Boost Demand
  • Advanced Wound Care Options Impact Market Growth
  • Rise in Prevalence of Pressure Ulcers Drive Focus on Novel Treatment Solutions
  • Pressure Ulcer Occurrence Rate Based on the Length of Surgery
  • Growing Focus on Developing Patient-Centric Products Hurt Market Prospects
  • Reduced Economic Costs Triggers Transition to Advanced Products
  • Traditional Gauze Dressing Vs. Foam Dressing
  • MACRO GROWTH DRIVERS
  • Aging Population: A Strong Growth Driver
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Rising Incidence of Diabetes to Propel Market Growth
  • Diabetic Foot Ulcers: An Expanding Area of Focus
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Global Prevalence of Diabetes: Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030, and 2045
  • Global Diabetes Mellitus Population Breakdown by Geographic Region: 2019, 2030 and 2045
  • World Diabetes Prevalence (2000 - 2019)
  • Growing Obesity Levels Fuel Demand
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Impact of Healthcare Expenditure on Market Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Tele Health Services for Wound Care Gain Momentum
  • Rising Incidence of Pressure Ulcers and Diabetic Foot Ulcers to Drive Demand
  • Diabetes and Population Statistics in North America and Caribbean Region (2019, 2030 & 2045)
  • Competition
  • US First Aid Tape/Gauze/Bandage/Cotton Market Breakdown by Leading Brands: 2019

CANADA

JAPAN

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview

EUROPE

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Wound Management Products in Europe: Market Overview

FRANCE

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview

AUSTRALIA

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Overview

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Traditional Wound Management Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 100
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Healthcare
  • B.Braun Melsungen AG
  • Beiersdorf AG
  • Cardinal Health, Inc.
  • Cremer S.A.
  • Johnson & Johnson
  • Medline Industries, Inc
  • Mölnlycke Health Care AB
  • Paul Hartmann AG
  • Vernacare
  • Zee Medical
Note: Product cover images may vary from those shown