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Traditional Wound Management Products - Global Market Trajectory & Analytics

  • ID: 4721449
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Healthcare
  • B.Braun Melsungen AG
  • Beiersdorf AG
  • Cardinal Health, Inc.
  • Cremer S.A.
  • Johnson & Johnson
  • MORE
Routine Care in the Time of COVID-19 Becomes a Challenge

With routine healthcare services severely disrupted amid the pandemic, the global market for traditional wound management products is projected to reach a revised size of US$6. 6 billion by the year 2027, after recovering from -2. 1% drop in demand in 2020. Access to healthcare services by chronic wound patients remains disrupted as healthcare resources are repurposed and focused for the treatment of COVID-19 patients. With infections continuing to rise worldwide, healthcare systems are overburdened by the flood of COVID-19 patients requiring hospital care. Several countries are emptying hospitals beds occupied by non-corona virus patients before the pandemic to make space for the arrival of COVID-19 patients. In Hungary, over 69.2%, 75.6%, 62.4% and 42.1% of existing hospital beds were emptied to accommodate COVID-19 patients in the month January, February, March, and April 2020 respectively. Routine healthcare services are especially worst hit in countries with less abundant healthcare such as India, Bangladesh, Pakistan, Brazil, Indonesia, Ethiopia, Tanzania, Congo and Uganda. Against the backdrop of large reallocation of healthcare personnel/facilities to COVID-19 response and management, there is a sizable shrinking of the provision of non-COVID healthcare services across the entire medical/healthcare spectrum. Wound care clinics are no exception and reduced visits to clinics; lack of access to timely care; and shift to homecare settings have reduced demand momentum for wound management products.

Cancellation & Postponement of OP Appointments Take Their Toll on Procedure Volumes

In the United States and other countries worldwide, physicians have been unable to see new patients as outpatient wound clinics remain closed. Shortage of appropriate PPE equipment is the single most important factor responsible for closure of clinics treating non-COVID patients. Given that traditional wound care products are used in treating low and medium severity wounds, the rescheduling of patients with low risk wounds has impacted the market significantly. Wound care hospitals are prioritizing service provision to only high risk patients such as those with necrotic tissue and those actively undergoing serial debridement; or patients being treated with CTP and compression with high drainage. Several hospitals are also utilizing dressings that will allow decreased intensity of wound care, which is resulting in a sharp decrease in the volume of clinical procedures. Homes are increasingly considered to be the safest environment with the lowest risk of COVID-19 exposure for wound patients requiring care. As telemedicine and home care storm into the spotlight, supplying wound dressings in single-dose packages will gain prominence. Single-dose packages help in avoiding confusion and prevent their improper use among patients learning to self-care for their wounds. ecommerce retailing platforms will grow in prominence and will temporarily supplant local brick and motor sources.

Understanding the Role of Innovations in the Post COVID-19 Period

The post COVID-19 period will witness growth coming from much-needed innovations, given the unmet needs in self-administering wound care products. Easy to use injectable bandage is one such example of an innovation that will benefit home based wound management. Inspired Nan materials and Tissue Engineering Laboratory researchers at Texas A&M University developed an innovative injectable bandage that stops wound bleeding and promotes healing. The gelling agent kappa-carrageen an based bandage can be introduced into wounds with minimally invasive procedures. The injectable bandage solidifies after injection and promotes natural clotting. The researchers used kappa-carrageen an mixed with charged clay-based nanoparticles, to obtain an injectable gelatin with haemostatic ability. Platelets and plasma proteins form blood absorption on the hydro gel and initiate the blood clotting cascade.

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.
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
  • MORE
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
  • 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
  • Exhibit 1: Prevalence and Incidence of Wounds: Select Statistics
  • Exhibit 2: 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
  • Exhibit 3: 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
  • Exhibit 4: Traditional Gauze Dressing Vs. Foam Dressing
  • MACRO GROWTH DRIVERS
  • Aging Population: A Strong Growth Driver
  • Exhibit 5: 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
  • Exhibit 6: World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Exhibit 7: Global Prevalence of Diabetes: Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030, and 2045
  • Exhibit 8: Global Diabetes Mellitus Population Breakdown by Geographic Region: 2019, 2030 and 2045
  • Exhibit 9: World Diabetes Prevalence (2000 - 2019)
  • Growing Obesity Levels Fuel Demand
  • Exhibit 10: Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Impact of Healthcare Expenditure on Market Growth
  • Exhibit 11: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Tele Health Services for Wound Care Gain Momentum
  • Rising Incidence of Pressure Ulcers and Diabetic Foot Ulcers to Drive Demand
  • Exhibit 27: Diabetes and Population Statistics in North America and Caribbean Region (2019, 2030 & 2045)
  • Competition
  • Exhibit 12: US First Aid Tape/Gauze/Bandage/Cotton Market Breakdown by Leading Brands: 2019
  • CANADA
  • JAPAN
  • CHINA
  • Market Overview
  • EUROPE
  • Wound Management Products in Europe: Market Overview
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Market Overview
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 100
Note: Product cover images may vary from those shown
  • 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
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