New York, Feb. 13, 2023 (GLOBE NEWSWIRE) -- As per this new industry analysis by Persistence Market Research, the global Wound Sprays Market was valued at US$ 454.5 million in 2021 and is projected to exhibit a CAGR of 4.4% over the forecast period from 2022 to 2032. Wound Sprays Market is expected to reach US$ 728.9 million by the end of 2032.
Wound sprays are usually used to treat chronic wounds. These are a form of nebulized drugs that are sprayed onto a wound’s surface. The active ingredients in these sprays help reduce swelling and itching and promote healing. They also have antimicrobial properties that help prevent wound infections, making them popular among patients suffering from chronic wounds such as diabetic foot ulcers, pressure ulcers or venous leg ulcers, etc.
The trend toward self-medication is a major factor that is leading to more market opportunities in this category. As medical costs continue to rise, people are opting to treat minor wounds and injuries themselves, leading to the growing demand for products that speed the healing process at home. Changes in wound care practices in facilities and ambulatory care centers will also improve the prospects of traditional wound care product manufacturers.
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Additionally, a greater emphasis on healthcare outreach programs to complement advanced wound care facilities with the use of strategies such as acquisitions, new product launches, FDA approvals, and reimbursements such as Medicaid will stimulate market expansion. With a COVID-19 infection, the condition of patients with diabetic foot ulcers can worsen due to impaired vascularity. Wound sprays would see an increasing demand worldwide due to the impact of COVID-19 on patients with chronic and acute wounds.
Key Takeaways from Market Study
- In 2021, antiseptics accounted for 45.2% market value share owing to their properties of providing temporary pain relief and preventing infection in minor cuts, scrapes, etc.
- Due to increasing demand for environmentally sustainable materials for designing personal protective equipment, the chronic wounds segment dominated with 49.4% market share in 2021.
- Non-aerosol is the leading delivery system and held for 60.2% market share in 2021.
- Hospitals dominated the end-user segment with a market share of 37.2% in 2021.
- North America is the leading regional market with a share of 37.5% in 2021.
“Rising incidence of chronic diseases and surgical site infections is expected to drive the usage of wound sprays across the world,” according to a researcher of Persistence Market Research.
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Market Competition
- Smith and Nephew
- Reckitt Benckiser Group plc.
- Angelini Pharma Inc.
- 3M Company
- Johnson & Johnson Services, Inc.
- B. Braun
- Purdue Pharma L.P.
- Ecolab
- Schülke & Mayr GmbH
- PSK Pharma Pvt. Ltd.
The wound sprays market is fragmented and there are several local, emerging, and established players within the market sphere. Major players have launched promotional activities to introduce innovative products in the market.
- In March 2021, Nanomedic Technologies Ltd., an Israeli company, developed a medical device that covers burns and other wounds with nanomaterials that resemble human tissues and then peel off once the skin underneath is completely recovered.
- In September 2021, a student at IIT Bombay, Saiprasad Proyarekar, developed a skin spray gun that cures open skin wounds in less than half the time taken by conventional procedures. This low-cost breakthrough has the potential to revolutionize the way acid assaults and accident injuries are treated.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the wound sprays market in its latest study, presenting a historical demand assessment from 2017 to 2021 and projections for the period from 2022 to 2032.
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The research study is
- based on product (wetting agents, antiseptics, moisturizers, others),
- based on wound type (acute wounds, chronic wounds, burns),
- based on delivery system (aerosols, non-aerosols),
- based on end user (hospitals, ambulatory surgical centers, clinics, long-term care centers, home care settings),
- based on across seven key regions of the world.
For additional insights on how the growth of the wound sprays market will unfold over the decade, write to the analyst at media@persistencemarketresearch.com
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