U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Traditional Wound Management Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The global traditional wound management market was valued at $5,247.9 million in 2020 and is projected to reach $7,635.0 million by 2028 registering a CAGR of 4.70 % from 2021 to 2028. Gauze, lint, plasters, bandages (natural or synthetic), and cotton wool are traditional wound dressings that are dry and used as primary or secondary dressings to protect the wound from infection. It is used in the chronic wound treatment such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. Its application also includes its use for major surgeries to treat surgical wounds as well as various acute wounds such as burns and trauma.
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The global traditional wound management market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is categorized into gauze, bandages, absorbent cotton, and others. By application, it is classified into acute wound and chronic wound. By end user, it is segmented into hospitals & clinics, home healthcare, ambulatory surgical centers, and other. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The factor that drives the traditional wound management market growth includes rise in occurrence of diabetes due to unhealthy lifestyle of people. Moreover, increase in prevalence of acute wounds such as burn, trauma and chronic wounds such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, arterial ulcers drive the growth of the traditional wound management market. In addition, application of traditional wound management products in various surgical wounds and surge in geriatric population further boost the growth of the market. However, increase in development and adoption of advanced wound care products are expected to restrain the growth of the market. Moreover, improvements in regulatory environments in developing countries are anticipated to provide lucrative growth opportunities for market players.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global traditional wound management market along with the current trends and future estimations to elucidate the imminent investment pockets.
– A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
– Comprehensive quantitative analysis of the industry from 2020 to 2028 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
– Extensive analysis of the key segments of the industry helps understand the application and products of traditional wound management used across the globe.
– Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– B.Braun Melsungen AG
– BSN Medical
– Cardinal Health
– Derma Sciences Inc.
– Johnson & Johnson Pvt. Ltd.
– Medtronic PLC
– Medline Industries, Inc.
– Molnlycke Health Care AB
– PAUL HARTMANN AG
– Smith & Nephew
KEY MARKET SEGMENTS
By Product
– Gauze
– Bandage
– Cotton
– Others
By Application
– Acute wound
– Chronic Wound
By End User
– Hospitals & Clinics
– Home Healthcare
– Ambulatory Surgical Centers
– Other
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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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