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Global Hydrogel Dressings Market 2019-2023 - Increasing Prevalence of Acute and Chronic Wounds to Boost Demand - Technavio

November 13, 2018

LONDON--(BUSINESS WIRE)--Nov 13, 2018-- analysts forecast the global hydrogel dressings market to grow at a CAGR of over 6% during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate in the year-over-year growth.

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Technavio analysts forecast the global hydrogel dressings market to grow at a CAGR of over 6% by 2023. (Photo: Business Wire)

Increasing demand for combination dressings is one of the major trends being witnessed in the . A growing demand for antimicrobial agents such as silver, honey, iodine, and hydrogels are leading to the increased adoption of combination dressings and driving the growth of the global hydrogel dressings market. Combination dressings are increasingly being adopted by many end-users due to their advantages such as ease of use and easy availability. These are extremely advantageous as it is natural and non-toxic. Thus, combination dressings help prevent bacterial infection in chronic wounds and are gaining importance in treating highly exuding wounds.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global hydrogel dressings market is the increasing prevalence of acute and chronic wounds:

Global hydrogel dressings market: Increasing prevalence of acute and chronic wounds

Increasing incidence of acute wounds, traumatic wounds, and chronic wounds are estimated to increase the demand for hydrogel dressings. Approximately, 10-20 out of every 1000 individuals in developed countries will experience a chronic wound in their lifetime. Pressure ulcers are chronic wounds which are caused by unrelieved pressure on the skin and can develop over the hip, shoulder, and back. Pressure ulcers appear as an abrasion, persisting redness of the skin, and blisters that can be treated using hydrogel dressings.

According to a senior analyst at Technavio, “The global diabetic population is estimated to increase from 414 million in 2017 to approximately 485 million by 2025. Nearly 150 out of every 1000 patients with diabetes will have a diabetic foot ulcer, which is a chronic wound. 15%-25% of diabetes patients develop diabetic foot ulcers in their lifetime. Also, according to the CDC, more than one in 10 nursing home residents in the US suffer from pressure ulcers, which is again a form of chronic wound. These chronic wounds require treatment using hydrogel dressings. Thus, the demand for hydrogel dressings is expected to increase, which in turn will drive the growth of the global hydrogel dressings market.”

Global hydrogel dressings market: Segmentation analysis

The global hydrogel dressings market research report provides market segmentation by product (amorphous hydrogel dressings, impregnated gauze dressings, and hydrogel sheets) 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.

The Americas held the largest share of the market in 2018, accounting for close to 51% share. It was followed by EMEA and APAC respectively. The Americas is the major revenue contributor to the global market, while APAC is the fastest growing geographical segment of the global hydrogel dressings market.

Looking for more information on this market?

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

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005503/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL SUPPLIES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/13/2018 11:31 AM/DISC: 11/13/2018 11:31 AM

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