Antimicrobial Dressing Market Forecast and CAGR
According to the latest research by Fact.MR, the antimicrobial dressing market is growing at a significant rate. It is expected to witness a decent CAGR in the forecasted period of 2021-2031. Its demand is mainly in the healthcare industry because of wound care and with the increase in the prevalence of diseases like various ulcers, burns, infections, and others, its market growth is expected to grow mostly.
What is the driving demand for Antimicrobial Dressing?
The solution for skin diseases will be required at all the time. The advanced solutions for rapid healing and relief will drive the market for antimicrobial dressing. Also according to WHO, the number of deaths because of burns counts to 1,80,000 per year which would drive the market growth of antimicrobial dressing.
Globally patients above the age of 60 are more susceptible to wound care management and they are high in numbers. Since their skin is old, gets easily damaged, and isn’t able to multiply the cells easily a better advanced antimicrobial dressing is what they need.
Apart from these, the major changes in technology, science have pushed in deriving a better antimicrobial dressing solutions for the patients. Model technologies like electromagnetic therapy, nanotechnology, electrical stimulation are also driving and pushing the market of antimicrobial dressing to come up with more advanced solutions in wound care management.
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Post Pandemic Recovery Likely to Augment Antimicrobial Dressing Sales
The Covid-19 pandemic has ruptured the medical infrastructure of most of the countries. It has exposed the vulnerabilities and limitations of healthcare all around the world. Due to the sudden changes in the healthcare premises, professionals have tried to decrease the risk of infections with physical touch by equipping the medical frontliners and patients with critical resources like PPE kits.
They are primarily treating the covid-19 affected patients and all others treatments are being held as secondary. A lot of hospitals around the world have put a hold on those surgeries for a short period of time, due to which the use of wound care management and antimicrobial dressing has come to a halt. The sale of these products has decreased a little. But after the pandemic, it is expected to gain the same or better market growth rate.
US and Canada Antimicrobial Dressing Market Outlook
US is the major market of antimicrobial dressing globally before Canada. The US has a dominant share in North America as well in the world. The lion’s share of the global market revenue is shared by the US and Canada combined. This is due to the presence of large numbers of chronic wound patients such as diabetic foot ulcers, pressure ulcers, etc. Owing to the above-mentioned factors, the presence of inflated numbers of geriatric population and increasing awareness among patients has led to dominance in the market share.
In Canada, the awareness among citizens about wound care management is high. The presence of older people above the age of 55 is also more than compared to other countries. Also, Canada has a good medical infrastructure, hence they are the major market players of this market.
With the increased awareness and better medical infrastructure in both countries, the usage of this product and demand for advanced antimicrobial wound solutions is only increasing. Various new products using the application of antimicrobial dressing are coming into the market, leading the growth of it in a very positive direction.
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Europe Demand Outlook for Antimicrobial Dressing
The second-biggest market by region after North America in antimicrobial dressing is Europe. The antimicrobial dressing industry is a rapidly growing industry. The market growth of it in well-established healthcare systems is pretty high. Europe is one of the leaders in the healthcare system globally, it is evident of it to be one of the key market players in this market.
Europe is facing an increased number of patients with diabetes, a bad lifestyle, and a major aging population, hence the demand for it has increased significantly. Also, the sales of advanced antimicrobial dressing are also picking up the pace in Europe, but the higher cost of it is a major hindrance in the growth of advanced antimicrobial dressing solutions.
The stronger economical countries of Europe have only seen the upward trend in the growth of not only conventional antimicrobial dressing but also advanced antimicrobial dressing solutions. The countries like UK, Germany, Italy, France, etc are some of those countries.
Who are the Key Manufacturers and Suppliers of Antimicrobial Dressing?
There are many manufacturers and suppliers of antimicrobial dressing globally. Some of the key manufacturers and suppliers are 3M
- Smith & Nephew
- Molnlycke Health Care
- Axio Biosolutions
- Argentum Medical
- Aspen Surgical
- B. Braun Melsungen
- DeRoyal Industries
- Covalon Technologies
- GEMCO Medical
- Integra Lifesciences
- and few others.
An Adaptive Approach to Modern-day Research Needs
Antimicrobial Dressing Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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- Chronic Wounds
- Surgical Wounds
- Acute Wounds
- Specialty Wound Management Facilities
- North America
- Latin America
- South Korea
- New Zealand
- Middle-East & Africa
- South Africa
- Saudi Arabia
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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