- The growth of the market is attributed to the growing number
of accidents leading to traumatic disorders and increasing
incidences of chronic diseases with complications
- Market Size – USD 1.50 Billion
in 2019, Market Growth - CAGR of 3.5%, Market Trends – Growing
awareness of wound cleanser products in developing economies
VANCOUVER, BC, Oct. 28, 2020 /PRNewswire/ -- The
Global Wound Cleanser Products Market will be
worth USD 1.97 billion by 2027,
according to the latest analysis by Emergen Research. The sector
has been growing at a considerable pace because of the growing
demand for accurate and dependable wound care products to treat
both acute and chronic wounds. Additionally, the market is
projected to witness a progressive growth curve over the forecast
span. It is expected to leverage the increasing penetration of
cutting-edge advanced wound care therapies across developing
economies.
The rise in the prevalence of critical wounds, the growing
number of cases surrounding burns, traumas, and different surgeries
along with the increasing disposable income of consumers coupled
with the rising awareness of the requirement for the diagnosis of
complex wounds, are the key drivers of the wound cleanser products
market. The steep rise in the per capita disposable incomes across
all developed economies and the affordability of high-end products
in developing economies also contribute positively to the growth of
the market.
The market growth is additionally fuelled by rising risk factor
rates and the requirement for cost-effective treatments. The
increasing preference for e-commerce channels for procuring
different variants of wound cleansing products because of the
convenience provided by this mode of commerce across developed
economies is becoming a trend over the recent past. Major product
manufacturers are undertaking cross-industry collaborations with
e-commerce companies in order to get the most out of the trend.
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Key Highlights From The Report
- In August 2020. GIGA Fine Chem,
based out of Taiwan, launched
ZigaBio E-34, which is a multi-functional and structurally
synthesized green algae. It maintains its stability in air and room
temperature and is expected to be integrated actively in cosmetic
and skincare products as a potential wound cleanser.
- The wipes segment was valued at USD
14.49 billion in 2019 and is anticipated to capture a
considerable market share over the forecast period. This can be
attributed to its ease of usage among consumers. Although the
affordability and availability is still a concern, yet it is likely
to get sorted over the coming years.
- Over the forecast period, the hospitals segment is expected to
hold a prominent share in the overall wound cleanser products
market because of the increasing prevalence of chronic wounds
across inpatient settings, especially in ICU. The homecare settings
segment is expected to grow at a CAGR of around 3.2%, especially
across the developed economies owing to the increasing geriatric
population and growing health care infrastructure and support.
- In 2019, North America held
the most prominent share of the market mainly, followed by
Europe. This is because, over the
recent past, there has been an increasing number of people
suffering from chronic health disorders. Around 27 million people
in the U.S. had diabetes, with a prevalence rate of 11%, as per the
International Diabetes Federation, in 2019. The new entrants in the
market are bringing forth innovative products in wound care in the
U.S.
- Key participants include Coloplast Group, Smith & Nephew
plc., B. Braun, Melsungen AG, Johnson & Johnson Services Inc.,
Derma Sciences Inc., Molnlycke Healthcare, and Medtronic Plc., and
Reckitt Benckiser Group plc. among others.
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For the purpose of this report, Emergen Research has segmented
the Global Wound Cleanser Products Market on the product type, form
type, end-user, and region:
- Product Type Outlook (Revenue, USD Billion;
2017-2027)
-
- Wetting Agents
- Antiseptics
- Moisturizers
- Others
- Form Type Outlook (Revenue, USD Billion; 2017-2027)
-
- Sprays
- Solutions
- Wipes
- Foams
- Others
- End-User Outlook (Revenue, USD Billion; 2017-2027)
-
- Hospitals
- Ambulatory Surgery Centers
- Pharmacies and Clinics
- Homecare Settings
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- Regional Outlook (Revenue, USD Billion; 2017-2027)
-
- North America
-
- U.S.
- Canada
- Mexico
- Europe
-
- U.K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
-
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
-
- Brazil
- Rest of LATAM
- Middle East & Africa
-
- Saudi Arabia
- UAE
- Rest of MEA
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