Global Wound Bandages Market: Introduction
Wound healing is a dynamic process, which needs appropriate environment to stimulate healing. Presently, over 3,000 products are available in the market that promote wound healing by considering various types of characteristics of wounds. A bandage is a piece of material such as tape or cloth, which is used to cover and bind up wounds by applying the technique of pressure, which controls bleeding.
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A bandage is also used to support strains and sprains and is wrapped around the joints for wound compression. Increase in occurrence and concerns about the repeat of wounds is likely to drive demand for wound bandages. Rise in prevalence of diabetes is another factor driving the global wound bandages market. Treatment of wounds in diabetes patients could be a challenge, as multisystem issues could hamper wound repair. Injuries and wounds have commonly been treated since historic times, primarily by experts having knowledge in the relevant field.
Presently, the field of wound treatment and wound dressings has reached a completely new level, with the key focus on quality and fast healing. Increase in incidence of accidents and injuries drives the global wound bandages market. Skin ulcers and tissue necrosis are the most common types of wounds that need proper dressings. According to experts, proper wound dressing that can provide adequate moisture and aeration can not only heal the wound faster, but also help decrease the associated trauma.
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Key Drivers of Global Wound Bandages Market
Increase in Number of Plastic & Cosmetic Surgeries for Burns, Trauma, and Accidents Drive Global Market
According to the American Society of Plastic Surgeons’ annual plastic surgery procedural statistics, 17.5 million surgical and minimally invasive cosmetic procedures were performed in the U.S. in 2017, an increase of 2% over that in 2016. These statistics also reveal a rise in new trends in body-shaping procedures, with a spike in non-invasive fat reduction as well as surgeries such as breast augmentations. An estimated 1.2 million people are killed in road crashes each year, and as many as 50 million are injured, occupying 30% to 70% of orthopedic beds in hospitals in developing countries. Nearly 30 million children and adolescents participate in youth sports in the U.S. each year. Diagnosis of sports injuries in a diagnostic center or hospital is done frequently. Doctors and medical staff make sure to wear gloves, which build a safety barrier between the patient and the medical staff during examinations and use wound dressings to avoid infections and cross contamination.
Increase in Incidence of Chronic Wounds Drives Demand for Wound Closure Devices
Chronic wounds are often termed ulcers and can be defined as wounds with a full thickness in depth and a slow healing tendency. It is estimated that 1% to 2% of the population in developed countries experience a chronic wound during their lifetime. Surge in the geriatric population is projected to increase the number of geriatric patients. Complications of chronic wounds include infections such as cellulitis and infective venous eczema, gangrene, hemorrhage, and lower-extremity amputations. Chronic wounds lead to disability, which worsens wound outcomes, resulting in a vicious cycle.
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North America to Account for Major Share of Global Wound Bandages Market
North America dominated the global wound bandages market in 2020. The region is projected to account for significant share of the global wound bandages market during the forecast period due to rise in the number of injuries (cuts, scrapes, scratches, etc.) among people due to accidents. According to a report by the National Ambulatory Medical Care Survey, every year over 3 million people visit the emergency department of hospitals in the U.S. due to foot and ankle injury.
Moreover, independent studies have revealed that every year more than 3.5 million children under the age of 14 receive medical treatment for sports injuries in the U.S. Increase in incidence of workplace injuries, falls, burns, etc. across Europe is anticipated to propel the wound bandages market in the region. According to Health and Safety Executive data, 2014, the incidence of workplace injury in France was 3.14 per 100,000. Rise in awareness about wound dressing products such as bandages, which prevent contamination of wounds by holding the dressing in position and prevent & control hemorrhages, is expected to drive the wound bandages market in Asia Pacific.
Moreover, increase in patient awareness about self-treatment to cure cuts and injuries is likely to propel the wound bandages market in Asia Pacific. Increase in incidence of accidents and cut injuries, availability of advanced wound products, improved health care infrastructure, and rise in awareness about the risk of infection from wounds are projected to propel the wound bandages market in Middle East & Africa during the forecast period.
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Key Players Operating in Global Wound Bandages Market
The global wound bandages market is highly consolidated owing to the presence of small number of key players. Leading players operating in the global wound bandages market include:
- Johnson & Johnson
- 3M
- Medline Industries, Inc.
- Braun Melsungen AG
- Moberg Pharma North America
- Cardinal Health
- Mölnlycke Health Care AB
- ConvaTec Group plc
- Baxter
- Coloplast Corp.
- Medtronic
- Derma Sciences Inc.
- Medline Industries, Inc.
- Smith & Nephew plc
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