The global wound management market totals over $15 billion in annual sales, represented by a very wide range of products and technologies, from traditional bandages and dressings to advanced wound management products including physical wound healing systems. Market growth is accordingly differentiated between traditional products, with product sales growing at only 2% annually, and the advanced products, with sales growth in excess of 13% annually. The aggregate market therefore nets growth at roughly 7%.
Source: MedMarket Diligence Report #S247, "Worldwide Wound Management, 2008-2017."
Advanced wound products are comprised of film dressings, hydrocolloids, foam dressings, alginate dressings, hydrogels, non-adherent dressings, antimicrobial dressings, cleansing and debridement products, tissue engineered products, pharmacological products, (including pain control, antibiotics, growth factors, non-growth factor modulators, gene therapy, and scarring modulators), physical treatments (like pressure devices, hydrotherapy, electrical stimulation, electromagnetic stimulation, ultraviolet therapy, hyperbaric oxygen therapy, mechanically assisted wound closure devices, ultrasound, laser and information systems.