Patch Based Wound Healing Products Market Scope, Share, Growth, Opportunities and Forecast by 2030
This Patch Based Wound Healing Products Market report provides the overview of key market forces propelling and restraining the market growth. It gives information regarding consumption, current and past status and also the forecasting. Historical, current and projected market size in terms of value and volume are included in this Patch Based Wound Healing Products Market report. In depth coverage of the complete market in terms of suppliers, buyers, price, trend, growth and forecasting are mentioned in this Patch Based Wound Healing Products Market report. It specially identifies significant trends and factors driving or inhibiting the market growth. The research analyst provides an elaborate description of the value chain and its distributor analysis.
This Patch Based Wound Healing Products Market report provide Comprehensive analysis of the key market segments and sub segments, evolving market trends and dynamics are also incorporated in the report. Changing supply and demand scenarios, Quantifying market opportunities through market sizing and market forecasting are also mentioned the report. It Tracks current trends, opportunities and challenges and guides you to overcome the challenges.
Data Bridge Market Research analyses that the patch based wound healing products market, valued at USD 1.32 billion in 2022, will reach USD 1.89 billion by 2030, growing at a CAGR of 4.62% during the forecast period of 2023 to 2030
Definition
To reduce the risk of infection, the product known as a wound patch is used to treat acute and chronic wounds. These wound dressings are also employed in managing venous and diabetic leg ulcers. They essentially lessen inflammation, minimize scarring, and even hasten healing. They use various formulations, including collagen, silver, and povidone-iodine.
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Key Growth Drivers:
- Advanced dressing products create a surge in market expansion
The introduction of advanced dressing products, such as transparent advanced, thin hydrocolloid, composite, and transparent first-aid style dressings, will fuel the growth. For instance, in 2017, researchers at Nanyang Technological University (NTU), Singapore, created a new gel patch prototype enhanced with ANGPTL4, allowing for quick healing with little skin scarring. Both post-operative wounds and diabetic foot ulcers can be treated with this product. These innovations are anticipated to increase product demand and fuel market growth.
- Growing road accidents have created a surge in patch-based wound-healing products
As more car accidents occur, the market for patch-based wound healing products is predicted to expand. The World Health Organization (WHO) reports that middle- and low-income countries accounted for 93.0% of all traffic fatalities worldwide in 2018. Additionally, 34,439 car accidents were reported in the U.S. in 2016, up 5.8% from 2015, according to a report published in 2018 by Safer America Consumer Safety Information. Another report from the organization claims that approximately 1.3 million fatal car accidents are reported each year worldwide. Such occurrences are expected to raise product demand.
The report emphasizes the participation of key entities, notably:
- 3M (U.S.)
- Convatec Inc. (U.K.)
- Integra LifeSciences (U.S.)
- Smith & Nephew plc (U.K.)
- B. Braun SE (Germany)
- Coloplast Pty Ltd (Australia )
- Mölnlycke Health Care AB. (Sweden)
- Johnson & Johnson Private Limited (India)
- Harro Höfliger Verpackungsmaschinen GmbH (Grmnany)
- Sanara MedTech Inc. (U.S.)
- Reapplix A/S. (U.S.)
- Cardinal Health (U.S.)
- Ostomed (U.K.)
- Kerecis (U.S.)
- Axio Biosolutions Pvt Ltd (India)
- NANOVIBRONIX CORPORATION (U.S.)
- Human BioSciences (U.S.)
- DermaRite Industries, LLC. (U.S.)
- Winner Medical Co., Ltd. (China)
- Huhtamäki Oyj (Finland)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Patch Based Wound Healing Products Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Formulation (Povidone-Iodine, Reamer Silver, Collagen, Others), Application (Chronic Wounds, Acute Wounds, Pneumatic, Electric, Battery), End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centres)
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