New York, Feb. 08, 2023 (GLOBE NEWSWIRE) -- The Anti-Biofilm Wound Dressing Market revenues were estimated at US$ 729.7 Mn in 2022 and are anticipated to grow at a CAGR of 11.2% from 2023-2033, according to a recently published Persistence Market Research report. By the end of 2033, the market is expected to reach US$ 2.3 Billion.
Growth in injury occurrences, vehicular mishaps, and burn accidents is predicted to drive the international road-safety market. For example, the Association for Safe International Road Travel estimates that roughly 1.35 million people die every year in a road accident, while on average, 3,700 people are reported dead on roads every day.
During the projected period, the market in Asia Pacific is expected to grow at the fastest rate. The presence of growing countries such as Japan, India, and China is expected to propel the market expansion. Furthermore, the expanding medical tourism business in these countries is adding to the region's increased demand for wound dressing products.
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Competitive Landscape
Due to the existence of a few significant market players, the Wound Dressings market is moderately consolidated. Market companies are concentrating their efforts on research and development to offer efficient products. 3M Company, ConvaTec Group PLC, DermaRite Industries LLC, DeRoyal Industries Inc., Hollister Incorporated, Integra LifeSciences Holdings Corporation, Coloplast A/S, Medtronic plc, Mölnlycke Health Care AB, and Smith & Nephew plc are the prominent market participants.
- In August 2022, Imbed Biosciences, a pioneer in innovative biomaterials and soft tissue healing devices, established a partnership with Spartan Medical. Customers at the Department of Veteran Affairs and Department of Defense will have access to both the Microlyte Matrix and Microlyte Surgical product lines through VA IDIQ Contract with the US Federal Government, and Spartan's Medical's Distribution and Pricing Agreement.
- In January 2020, ConvaTec Group Plc announced the debut of a new product dubbed "ConvaMax". Leg ulcers, pressure ulcers, diabetic foot ulcers, and dehisced surgical wounds are all treated with this new treatment. Furthermore, the product is available in non-adhesive forms, allowing sovereignty in adding compression bands or an additional primary dressing to assist the care regimen.
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More Insights Available
Persistence Market Research, in its new offering, presents an unbiased analysis of the anti-biofilm wound dressing market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of Mode of Mechanism (Physical, Chemical and Biological), by Application (Chronic Wounds, Acute Wounds), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Persistence Market Research’s Expertise in Life Sciences and Transformational Health
Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations.
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