Dec 16, 2020   SOURCE: PR NewsWire

Anti-Biofilm Wound Dressing Market Size Worth $1,154.2 Million By 2027 | CAGR: 9.2%: Polaris Market Research

NEW YORK, Dec. 16, 2020 /PRNewswire/ -- The global anti-biofilm wound dressing market size is expected to reach USD 1,154.2 million by 2027 and is registering a commendable CAGR of 9.2% From 2020-2027 The rise in the cases of chronic diseases such as diabetes and cancer is a key factor fueling market growth. Unhealthy lifestyle habits of smoking and alcohol consumption have resulted in the increased prevalence of non-communicable diseases which in turn drives the global market. In addition to this, physicians' higher recommendation for anti-biofilm wound dressing products to treat chronic diseases further drives the market growth. A rise in the incidence of injuries during participation in sports and recreational activities propels the growth of the market. Apart from that, huge investment in healthcare infrastructure, technological advancements, and favorable government policies are also augmenting the growth of the global market for anti-biofilm wound dressing.

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Key Trends and Major Developments in Anti-biofilm Wound Dressing Market

    --  The chemical mode of the mechanism is growing substantially with a
        higher growth rate owing to innovation in anti-biofilm wound dressing
        products and increased efforts by researchers for boosting R&D
        activities. Additionally, a large population struggling with chronic
        diseases is a key factor driving segmental growth.
    --  The acute wounds segment is contributing to the largest revenue in the
        market for anti-biofilm wound dressing. The growth is attributed to
        rising incidents of trauma and burns coupled increased count of
        surgeries conducted across the globe.
    --  The ongoing pandemic of COVID-19 has affected the anti-biofilm wound
        dressing market. The market has experienced a slight change in the
        growth rate due to imposed restrictions during the lockdown phase.
        However, it is expected that post-COVID-19, there will be a huge surge
        in demand for the market.
    --  A rise in government funding for the improvement of healthcare
        infrastructure and the initiation of various health awareness programs
        are anticipated to create huge opportunities for existing market players
        as well as new entrants to stabilize their position in the market.

The prominent factors favoring the market growth include increasing chronic diseases and innovations in anti-biofilm wound procedures. As per the National Diabetes Statistic Report, 2017 around 100 million people within the U.S. are suffering from diabetes or prediabetes. Moreover, according to the International Diabetes Federation, the incidence of diabetes is predicted to rise from 366.0 million in 2011 to 552.0 million by 2030 worldwide. While prolonged diabetes is the reason for diabetic foot ulcers, the increasing cases of diabetes are predicted to positively influence the expansion of the global market.

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Regional Outlook & Growth Analysis

In North America, regional marketing holding a dominant position with significant revenue share. The region is predicted to witness substantial growth during the forecast period, owing to an increase in the cases of sports injuries and a rise in the incidents of road accidents. In addition to this, the existence of several leading players in the region is expected to drive regional growth. The Asia Pacific emerged as the fastest-growing region due to improving healthcare infrastructure supported by favorable reimbursement policies. The growing medical tourism industry in Asian countries is also complementing the growth. The availability of advanced treatment procedures at lower rates is making Latin America a preferred destination for medical tourism.

Market Participants Driving the Market Growth

Leading companies operating in the global anti-biofilm wound dressing market include BioMonde, Smith & Nephew PLC, Lohmann & Rauscher & Arobella Medical, Urgo Medical, Mega Pharma (Pvt) Ltd., Coloplast, Molnlycke Healthcare, Monarch Labs, Next Science, 3M, and ConvaTec. Companies are involved in acquisitions, mergers, and partnerships along with a primary focus on increasing manufacturing facilities and strengthening product portfolio to gain a competitive edge.

Target Audience

    --  Supply Side: Healthcare Companies
    --  Demand Side: Hospitals, Clinics, Research Laboratories, Academic Medical
        Centers
    --  Regulatory Side: World Health Organization (WHO)
    --  Associations and Industry Bodies: Food and Drug Associate (FDA)

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Polaris Market Research has segmented the anti-biofilm wound dressing market report based on mode of mechanism, end use, application, and region

Anti-Biofilm Wound Dressing Mode of Mechanism Outlook (Revenue - USD Million, 2016 - 2027)

    --  Physical
        --  Ultrasound Debridement
        --  Manual Debridement
        --  Pulse Electrical Field
    --  Biological
        --  Bacteriophage
        --  Lactoferrin
        --  Dispersin B
        --  Others
    --  Chemical
        --  EDTA
        --  Ionic Silver
        --  Iodine
        --  Others

Anti-Biofilm Wound Dressing Application Outlook (Revenue - USD Million, 2016 - 2027)

    --  Chronic Wounds
        --  Venous Leg Ulcers
        --  Pressure Ulcers
        --  Diabetic Foot Ulcers
        --  Others
    --  Acute Wounds
        --  Burn Wounds
        --  Traumatic
        --  Surgical Wounds

Anti-Biofilm Wound Dressing End User Outlook (Revenue - USD Million, 2016 - 2027)

    --  Hospital
    --  Wound Care Centers
    --  Clinics
    --  Others

Anti-Biofilm Wound Dressing Regional Outlook (Revenue - USD Million, 2016 - 2027)

    --  North America (U.S., Canada)
    --  Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
    --  Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
    --  Latin America (Brazil, Mexico, Argentina)
    --  MEA (Saudi Arabia, UAE, Israel, South Africa)

List of Key Players of Anti-Biofilm Wound Dressing Market

    --  Urgo Medical
    --  ConvaTec
    --  Coloplast
    --  Smith & Nephew PLC
    --  3M
    --  Monarch Labs
    --  Mega Pharma (Pvt) Ltd
    --  BioMonde
    --  Lohmann & Rauscher

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About Polaris Market Research

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