The global markets for wound management range from basic to advanced products, from gauze to bioengineered skin. By product type, traditional bandages remain the largest volume of sales, and this will persist through 2020. The fastest growing segments, however, vary by region, with the highest growth alternately coming from sales of alginate dressings or bioengineered skin.
Geographically, sales in North America, in particular the USA, will remain the dominant share of wound management products. However, the greatest growth will come from markets in Asia/Pacific as economic strength in the region (including China) contributes to deeper penetration of the large potential caseload.
Below is illustrated the worldwide wound management market by product type and geographic region for 2012, and, presented on the same scale for comparative purposes, the market for these products in 2020.
Source: MedMarket Diligence, LLC; Report #S249, “Wound Management, Worldwide Market and Forecast to 2020: Established and Emerging Products, Technologies and Markets in the Americas, Europe, Asia/Pacific and Rest of World.”
Source: MedMarket Diligence, LLC; Report #S249.