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Global Wound Irrigation Solution Market 2019-2023| Increasing Government Support to Meet Healthcare Needs Will Boost Demand| Technavio

November 6, 2018

LONDON--(BUSINESS WIRE)--Nov 6, 2018-- analysts forecast the global wound irrigation solution market to grow at a CAGR of over 3% during the forecast period, according to their latest market research report.

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Technavio analysts forecast the global wound irrigation solution market to grow at a CAGR of over 3% by 2023. (Graphic: Business Wire)

The support for the inclusion of electromicyn and microdacyn in WHOEML is one of the major trends being witnessed in the . Electromicyn and microdacyn are solutions used in the treatment of chronic and acute wounds, including wounds caused by diabetes, cuts, and burns. Electromicyn is a medical device consisting of a stabilized pH-neutral solution of hypochlorous acid, ozone, peroxide, and superoxide. Microdacyn, on the other hand, is a solution containing sodium hypochlorite and hypochlorous acid. Both these solutions are highly effective in debridement, moistening, and treatment of several chronic and acute wounds.

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According to Technavio analysts, one of the key factors contributing to the growth of the global wound irrigation solution market is the increasing government support to meet healthcare needs:

Global wound irrigation solution market: Increasing government support to meet healthcare needs

Increasing government funds for public healthcare activities is making primary health care and medicines more accessible to a greater portion of the population. For instance, in Germany, all residents are covered under a common health insurance and are entitled to insurance benefits, including universal access to medical specialists, physiotherapists, and medical aids, including medicines.

According to a senior analyst at Technavio, “Developing countries such as India are also planning to implement large-scale health insurance programs. In January 2018, the Indian government had announced a massive public-service healthcare program that would give about 500 million people free access to healthcare. This would give necessary access to medical facilities to a large section of the population, thereby driving the demand for wound irrigation solution.”

Global wound irrigation solution market: Segmentation analysis

The global wound irrigation solution market research report provides market segmentation by product (wetting agents and antiseptics) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, wetting agents and antiseptics, the wetting agents’ segment held the largest market share in 2018, contributing to close to 63% of the market. This product segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2018, accounting for close to 46% share, followed by EMEA and APAC respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL SUPPLIES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/06/2018 11:09 AM/DISC: 11/06/2018 11:09 AM

http://www.businesswire.com/news/home/20181106005427/en

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