The Global Wound Care Fiber Market is expected to grow at a high CAGR during the forecasting period 2019-2028. The growth of the market is driven primarily by factors such as the rising pervasiveness of chronic wounds, and increasing prevalence of conditions that impair wound healing capabilities. Rising incidences of burn injuries are probable to drive the market. For example, according to the World health organization, an estimated 180 000 deaths, every year are initiated by burns – the vast majority occur in low- and middle-income countries.

Top Driver: intensifying incidences of road accidents & injuries is factor affecting on growth of wound care fiber market

The growth of the industry is driven primarily by factors like rising incidences of road accidents & injuries, growing used of regenerative medicine, and increasing prevalence of conditions that impair wound healing capabilities. Alginates are loose fabric structures formed primarily from fibres of calcium alginate. These are commonly used in wounds with heavy exudation, particularly leg ulcers, and heavy wounds. Alginates are predominantly effective in treating heavy exudate wounds, burns, chronic ulcers, cavity wounds, surgical wounds, etc. However, these are not as effective in wounds with minimal exudate, surgical implantations, and heavy burns. The silver-containing alginate dressings have witnessed substantial growth in demand among the medical fraternity. Also, the market for alginates is expected to grow steadily in developing countries with increased affordability and rising purchasing power. Alginates are slowing gaining their prominence due to their cost-effectiveness which would drive the market in the forecasted period.

Advanced wound dressing apprehended the dominant share to Make Crucial Contribution to Growth of Global Wound Care Fiber

Based on product, advanced wound dressing held the dominant share in 2018 and is also expected to witness the fastest growth over the forecast period. Advanced wound dressing is majorly used for chronic and non-healing wounds. Some of these products are equipped with anti-microbial agents such as honey and silver for rapid healing and preventing further infections. The limitations of traditional dressings have propelled this segment. Moreover, increasing cases of diabetes is predicted to spur segment growth over the forecast period. For instance, as per the Centers for Disease Control and Prevention (CDC), around 9.40% of the U.S. population of all ages suffered from diabetes in 2015. The advanced wound dressings segment is subdivided into foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings, and others.

Increasing cases of surgical site infections and rising number of surgeries are expected to drive the surgical segment. This segment is comprises sutures and staples, tissue adhesives and sealants, and anti-infective dressing. The sutures and staples segment held the most important market share in 2018 dueto increasing number of surgeries globally.

Based on, The chronic segment is anticipated to witness the fastest growth in the wound care market over the forecast period. The segment is further divided into diabetic foot ulcers, pressure ulcers, venous leg ulcers, and others. Increasing cases of chronic diseases, especially diabetes, and rising geriatric population across the globe are major factors driving the segment. For instance, as per the United States Census Bureau, the number of people aged 65 or older grew by 1.6 million from 2014 to 2015.

The acute segment held the largest share in the market in 2018. Acute wounds comprise surgical and traumatic wounds and burns. The surgical and traumatic sub-segment accounted for the dominant share in 2018 owing to increasing cases of trauma across the globe. The burns sub-segment is anticipated to witness rapid growth through 2028 owing to the rising incidence of burn injuries.

North America dominated the market in 2019 and is expected to show considerable growth In Global Wound Care Fiber market

North America dominated the market in 2019 and is expected to show considerable growth over the forecast period. Growing sports injuries, road accidents, and presence of several key players in the region is anticipated to drive the market in North America. In addition, availability of skilled professionals and improvement in healthcare infrastructure are estimated to drive the market over the forecast period.

Asia Pacific is  also anticipated to witness the loosest growth over the forecast period. Presence of developing countries such as China, India, and Japan is anticipated to boost market growth. In addition, rapidly growing medical tourism in these countries is expected to contribute to demand for wound care goods in the region. For instance, as per a report on Export Health Services by the Directorate-General of Commercial Intelligence and Statistics of India, in 2015-2016, India had 58,300 medical tourists on medical visas.

Players to Focus on Expanding Global  Wound Care Fiber Market

Key players are elaborate in approving strategies such as mergers and acquisitions and entering into partnerships to strengthen their position in the market.

Smith & Nephew PLC;  In April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an aim to accelerate the development of its advanced wound management product portfolio. The initiative was anticipated to expand its customer base. Some of the prominent players in the wound care market include:

• Smith & Nephew PLC
• Mölnlycke Health Care AB
• Acelity
• ConvaTec Group PLC
• Johnson & Johnson
• Baxter
• Coloplast Corp.
• Medtronic
• 3M
• Integra LifeSciences

Scope of the Report                                                                                         

By Product Outlook (Revenue, USD Billion, 2015 – 2026)

• Advanced Dressings
• Foam Dressings
• Hydrocolloid Dressings
• Alginate Dressings
• Hydrogel Dressings
• Surgical Dressings

• Sutures & Staples
• Traditional Wound Care
• Medical Tapes
• Cleansing Agents

By Application

• Chronic
• Diabetic Foot Ulcers
• Acute
• Venous Leg Ulcers

By End-use

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.