Wound Debridement Market is anticipated to grow at a CAGR of approximately 7% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Wound Debridement Market- Global Industry Analysis, Size, Share, Growth, Trends & Forecast 2020-2030.” According to the report, the global wound debridement market accounted for approximately US$ 750 million in 2019. The market is anticipated to grow at a CAGR of approximately 7% from 2020 to 2030.
The continual growth of the wound debridement market can be attributed to several factors, which has led to its wide-scale adoption. Growing diabetic populations, increasing chronic wounds, traumatic injuries, and burns are anticipated to further contribute to the substantial growth of the market between 2020 and 2030. However, the high costs associated with the treatment of chronic wounds are likely to hamper market growth.
To gain better insights, prominent market players are focusing on new product launches along with technological advancements and entering into acquisition & collaborative agreement with other companies. For instance, in April 2019, Smith & Nephew, acquired Osiris Therapeutics, a fast-growing company delivering regenerative medicine products including skin, bone graft, and articular cartilage substitutes. Its product portfolio includes Grafix, a cryopreserved placental membrane skin substitute that treats acute and chronic wounds.
Chronic wounds are non-healing wounds or wounds that take more time to heal than expected. The treatment of chronic wounds requires advanced therapies, proven clinical protocols, and highly skilled teams of wound care specialists. Over the years, increasing diabetic populations are playing a crucial role in contributing to growth of the market. It is estimated that over 500 million persons are suffering from diabetes worldwide. Almost 15% to 20% of people suffering from diabetes are more susceptible to having chronic wounds such as foot ulcers and pressure ulcers. These factors are expected to boost overall market growth during the forecast period.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Wound Debridement Market By Type (Autolytic (Gel and Ointment); Mechanical (Medical Gauze and Mechanical Debridement Pads); Surgical, Enzymatic, & Ultrasonic), By Wound Type (Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, Burns, and Surgical & Traumatic Wounds), By End User (Hospital and Clinics) – Global Analysis and Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/wound-debridement-market/354
Other major factors contributing to market growth are increasing road accidents, traumatic injuries, and burns. Globally, road accidents are the 8th most common reason for the deaths of people. Approximately 1.35 million people die in road accidents, whereas, around 20 to 50 million suffer from non-fatal injuries. Furthermore, traumatic injuries and burns are other causes of chronic wounds that require advanced medical treatment and products. It is estimated that around 6-7 million burn cases get recorded yearly in India. Such factors are expected to boost the overall market growth.
However, the high costs associated with the treatment of chronic wounds are likely to hamper the wound debridement market. It is estimated that an average American spends around US$3000 to US$4000 on treatment per wound. The U.S. healthcare system spends more than $25 billion in the treatment of wounds and its related complications every year.
Asia Pacific is estimated to witness the highest CAGR during the forecast period and is anticipated to contribute significantly to the global market share. The growth in this region can be attributed to the developing medical infrastructure, increasing awareness regarding advanced products, increasing patient populations, growing economies, and increasing R&D; activities in wound management. Countries in the APAC region, such as India, China, and Japan, are anticipated to provide significant growth opportunities for the global wound debridement market.
Some of the prominent players in the wound debridement market are Smith & Nephew Medtronic, Coloplast Corp, Integra LifeSciences Corporation, Medline Industries, Inc., Welcare Industries S.p.A, PulseCare Medical, LLC, DeRoyal Industries, Inc., EZ Debride, and Medaxis, among others.
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