Wound Debridement (Wound Cleaning) Market is Estimated to Grow at a 6.5% CAGR Ov

Posted by Sachin Darakhe on October 3rd, 2019

The global wound debridement (wound cleaning) market is anticipated to exhibit a positive growth trajectory, according to a Transparency Market Research (TMR) study. Featuring an intensely fragmented business landscape, the global wound debridement market comprises several strong players. High competition exists between vendors operating in the wound debridement market. In order to gain precedence over competitors, vendors in the global wound debridement market are seen leveraging several organic and inorganic growth strategies. Expansions, mergers and acquisitions, expansion of product portfolio, and collaborations are some of the key strategies adopted by market players.

A prime example is Crawford Healthcare’s acquisition by Acelity L.P. the company aims at expanding their product offering in order to strengthen its market position. Another prominent approach considered by vendors in the global wound debridement market is the launch of novel and advanced products. This is a leading trend leveraged by players to gain traction in the global wound debridement (wound cleaning) market in the coming years. TMR analysts forecast the global wound debridement market to reach a value of US$ 3,044.8 mn by 2025, from an estimated worth of US$ 1,750 mn in 2016. From the forecast period 2017 to 2025, the global wound debridement market is estimated to grow at a 6.5% CAGR.   

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• Rise in Incidence of Chronic Diseases Drives Wound Debridement Market

The escalating incidence of chronic ailment such as diabetes is a key factor fuelling the global wound debridement (wound cleaning) market. Diabetics are likely to suffer from wounds that do not heal easily. This may lead to severe wound infections. With the growing number of diabetic cases across the globe, wound debridement is gaining traction. The International Diabetes Federation reports that by 2040, diabetes incidence will is expected to reach 642.0 million. Wound debridement is highly significant in patients with diabetes, and will incite the global wound debridement market. In addition to this, the importance of wound debridement is being realized for other situations/medical emergencies such as burns, removal of necrotic tissue, etc. which will fuel the global wound debridement (wound cleaning) market further.

• Presence of Infrastructure, Skilled Professionals to Boost Growth 

With a rise in the hospitalization cases, surgeries, and incidence of chronic wounds, the healthcare industry is rapidly progressing. Increased investments are being made in the sector, and aware patients and their families are ready to spend higher amounts on healthcare. The number of healthcare professionals, especially specialists, is rising. The presence of skilled professionals combined with higher spending on healthcare is likely to augment demand in the global wound debridement market in the coming years.