The wound dressings market is set for extensive global growth over the 2017-2025 period, according to a new report.
A study by Transparency Market Research (TMR) projected that the market would expand by 4.8 per cent over this period. While the growth will be largest in the Asia-Pacific region, the biggest market will still be in developed countries. North America will continue to lead the way, followed by Europe.
Asia-Pacific region growth will be generated largely by increased competition and new products, with this helping to provide more choice and drive down prices. Another key factor that will drive expansion in this part of the world is increased awareness of the benefits of early intervention.
The study found two key factors behind the growth are the recurrence of wounds, meaning they need to be dressed on multiple occasions, and the growing availability of services that can provide wound dressings as part of medical care.
An analyst at TMR said: "The growing number of manufacturing plants of wound dressings have ensured that advanced wound care is available for people easily and this is acting as a key driver for the market’s growth."
The overall value of the global dressing market will expand to be worth US$35.07 billion by 2025, the report predicts.
Other recent surveys have forecast significant market expansion for specific kinds of product in this area, such as super absorbent dressings and gauze combine dressings.
While various factors may influence market trends across the world, the upcoming rise in health service spending in the UK may be an obvious cause for extra spending on and use of dressings.
An example of this would be the increased use of dressings after operations, as more resources could help increase the amount of surgery carried out by the NHS each year, shortening waiting lists as a result.
Written by Alex Franklin Stortford
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