Demand for Advanced Wound Dressings Rising with Surging Chronic Wound Prevalence
As per reports, more than 300 million surgeries are conducted around the world each year. People go under the knife for both medical and aesthetic reasons. Since surgeries involve cutting into the flesh and skin, they cause wounds. Hence, dressings are widely used to cover the wound, protect it from infection. and help in healing them. Acute wounds heal rather quickly; however, chronic wounds can take months to heal, even after repetitive dressing changes.
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Hence, due to the burgeoning surgery volume, P&S Intelligence expects the wound dressing market size to grow massively in the coming years. Moreover, surgery is just one reason for wounds; others include injuries (accidental or inflicted) and certain chronic diseases. For instance, 1.3 million are killed in road accidents each year, as per the World Health Organization (WHO). Some die of the physical trauma, while others die a little later, from uncontrolled blood loss. Therefore, immediate wound care is necessary to stop the loss of blood and prevent people from going into hypovolemic shock.
Another key application of wound dressing is burns, which kill more than 180,000 people in the world, as per the WHO. Burns are caused by fire, steam, molten metals, radiation, sunlight, and corrosive chemicals, such as acids. Burns often penetrate the skin and the muscle and reach the bones, thereby causing nasty wounds. Hence, with the increasing prevalence of burns in developed and developing countries, efforts are being made to offer victims immediate and effective care, thereby propelling the demand for dressing.
Currently, North America is the largest wound dressing market because of its advanced healthcare infrastructure. Additionally, the prevalence of cancer and diabetes is quite high in the U.S. and Canada, which leads to a high number of people with chronic wounds. Hence, since chronic wounds require frequent changes of dressings, these products witness a high-volume consumption in the continent. Further, a large number of companies offering wound dressings are operational here, which leads to their easy availability through various distribution channels.
Hence, with an increasing number of people with serious injuries, the demand for wound dressings is rising.