How are Advantageous Properties of Advanced Wound Dressing Driving Hong Kong Wound Dressing Market?
The major factors leading to the growth of the market are rising prevalence of diabetes, increasing incidence of traumatic injuries, and growing geriatric population. On the basis of type, the market is divided into traditional and advanced, between which, the advanced category dominated the market in 2019.
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Advanced wound dressing is highly advantageous for traumatic injuries that are severe and need prompt medical attention to reduce the patient’s susceptibility to infections. Moreover, this dressing type regulate the moisture level and absorb exudate around the wound, and hence protects the wound base and the tissue around it. The advanced division is further categorized into films, foams, hydrocolloids, alginates, superabsorbents, hydrogels, wound contact layers, collagen, hydrofiber, and negative pressure wound therapy, among which, foam held the largest share of the market in 2019.
The shifting preference from traditional wound dressings to advanced variants is a major trend in the Hong Kong wound dressing market. Traditional dressing products serve as secondary dressing products for holding the primary dressing in place or facilitate dry healing. Advanced wound dressing, however, accelerates the healing process and provided quick relief to patients. It is because of such advantages of advanced wound dressing that the healthcare professionals are adopting them. While the demand for traditional products has decreased, the outlook towards advanced variants is changing for the good in Hong Kong.
In terms of end user, the Hong Kong wound dressing market is classified into long-term care settings, home healthcare, and hospitals and specialty clinics. Out of all these, hospitals and specialty clinics classification accounted for the major share of the market in the past and is further expected to witness the highest CAGR during the forecast period. A large number of patients prefer visiting these healthcare settings when they are affected by severe injuries in the country.
A major factor leading to the growth of the Hong Kong wound dressing market is the rapidly rising prevalence of diabetes in the country. Diabetes can often lead to diabetic foot ulcer, which is a chronic complication of diabetes mellitus. In order to manage this disease frequent dressings are required. Hence, as the number of people suffering from diabetes will rise in Hong Kong, the need for wound dressing will grow as well.
Hence, the market is registering growth due to the surging prevalence of diabetes and rising preference for advanced wound dressing in Hong Kong.