Global Wound Bandage Market: Introduction
Wound healing is a dynamic process and requires a suitable environment to stimulate healing. Currently, there are more than 3,000 products on the market that promote wound healing by considering the characteristics of various types of wounds. Bandage is a material, such as tape or cloth, used to cover and bandage wounds by applying pressure techniques to control bleeding. Bandages are also used to support strains and sprains, and are wrapped around joints to compress the wound. Increasing incidence and concerns about wound repetition may drive the demand for wound bandages. The rising prevalence of diabetes is another factor driving the global wound bandage market. Treating wounds in diabetic patients can be a challenge because multiple system problems can hinder wound repair. Since historical times, the treatment of injuries and wounds has usually been carried out mainly by experts with relevant domain knowledge. At present, the field of wound treatment and wound dressing has reached a whole new level, with emphasis on quality and rapid healing. Increasing incidence of accidents and injuries has boosted the global wound bandage market. Skin ulcers and tissue necrosis are the most common types of wounds that require proper dressing. According to experts, a proper wound dressing can provide enough moisture and ventilation, not only can heal the wound faster, but also help reduce related wounds.
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The main drivers of the global wound bandage market
Increased number of plastic and cosmetic surgeries for burns, trauma and accidents drives the global market
According to the annual plastic surgery procedures statistics of the American Association of Plastic Surgeons, 17.5 million surgical and minimally invasive cosmetic procedures were performed in the United States in 2017, an increase of 2% over 2016. These statistics also reveal the rise of new trends. In the body-sculpting surgery, non-invasive fat loss and breast augmentation surgeries have surged. It is estimated that 1.2 million people are killed in road traffic accidents every year, and as many as 50 million are injured, accounting for 30% to 70% of orthopedic beds in hospitals in developing countries. Nearly 30 million children and young people in the United States participate in youth sports every year. Sports injuries are often diagnosed in diagnostic centers or hospitals. Doctors and medical staff make sure to wear gloves, establish a safety barrier between the patient and medical staff during the examination, and use wound dressings to avoid infection and cross-contamination.
Increasing incidence of chronic wounds drives demand for wound closure devices
Chronic wounds are often referred to as ulcers, which can be defined as deep, full-thick, and slow-healing wounds. It is estimated that 1% to 2% of the population in developed countries have experienced chronic wounds in their lifetime. The surge in the elderly population is expected to increase the number of elderly patients. Complications of chronic wounds include infections such as cellulitis and infectious venous eczema, gangrene, bleeding, and lower limb amputation. Chronic wounds can cause disability, thereby worsening the wound results, leading to a vicious circle.
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North America will account for a major share of the global wound bandage market
North America will dominate the global wound bandage market in 2020. Due to the increase in the number of people injured (cuts, scrapes, scratches, etc.), the region is expected to account for an important share of the global wound bandage market due to accidents during the forecast period. According to the report of the National Outpatient Medical Survey, more than 3 million people visit the emergency rooms of American hospitals each year due to foot and ankle injuries. In addition, independent research shows that in the United States, more than 3.5 million children under the age of 14 receive treatment for sports injuries each year. It is expected that the incidence of work-related injuries, falls, burns, etc. throughout Europe will promote the development of wound bandages in the region's market. According to data from the Health and Safety Executive, in 2014, the incidence of work-related injuries in France was 3.14 per 100,000. Increased awareness of wound dressing products such as bandages, which prevent wound contamination and prevent and control bleeding by fixing the dressing in place, are expected to drive the wound bandage market in the Asia-Pacific region. In addition, increased patient awareness of self-treatment to heal cuts and injuries may drive the wound bandage market in the Asia-Pacific region. During the forecast period, the increased incidence of accidents and cuts, the availability of advanced wound products, improvements in medical infrastructure, and increased awareness of wound infection risks are expected to drive the wound bandage market in the Middle East and Africa.
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Major players operating in the global wound bandage market
Due to the existence of a few major players, the global wound bandage market is highly integrated. Leading companies operating in the global wound bandage market include:
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