According to The Insight Partners’ research, the global wound irrigation systems market was valued at US$ 238.43 million in 2018 and is projected to be worth US$ 310.43 million by 2027, growing at 3.0% CAGR between 2019 and 2027. Increasing prevalence of diabetes & related chronic wounds and increasing rise in the geriatric population are crucial factors aiding market augmentation. On the contrary, negligence toward the use of wound irrigation systems is hindering the market growth.
Chronic wounds are the wounds that have not progressed through an orderly or timely process due to disruption of the wound healing cycle. Chronic wounds, unlike the other types of wounds, require more extended healing periods. Common examples of chronic wounds include pressure ulcers, ischemic ulcers, diabetic foot ulcers, venous ulcers, and infectious surgical or traumatic injuries. These wounds symbolize a significant burden on patients, healthcare professionals. The condition is known to affect almost 5.7 million patients in the US, leading to an overall expenditure of nearly US$ 20 billion annually.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis – https://www.theinsightpartners.com/sample/TIPRE00005795/
Leading players profiled in the global wound irrigation systems market report are Zimmer Biomet; BSN Medical; C.R.Bard (BD); CooperSurgical, Inc; Stryker; Centurion Medical Products; Sunmed; PulseCare Medical; among others.
Based on products, the global wound irrigation systems market sphere is split into manually operated and battery operated. Among these, the manually operated segment held 54.41% of the market share in 2018. The segment was assessed at US$ 108.71 million in 2018 and is projected to reach US$ 136.61 million by 2027, expanding at 2.6% CAGR over 2019–2027.
Type 2 diabetes is the most commonly occurring form of diabetes and has increased owing to cultural and societal changes. In high-income countries, up to 91% of adults with the disease have type 2 diabetes. Hence, the factors mentioned above are anticipated to fuel the demand for wound irrigation systems market worldwide at a considerable rate during the coming years.
An elderly population is a group of people aged 65 and over. Population aging is poised to become one of the most significant social transformations of the 21st century. According to data provided by the United Nations, in 2017, there were approximately 962 million people aged 60 or over across the globe, that consists of 13% of the total population across the world. The community that is 60 years and above is growing at a rate of about 3% annually. Therefore, the demand for wound irrigation systems is expected to increase in the coming years.
Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill the inquiry form below to know more – https://www.theinsightpartners.com/discount/TIPRE00005795/
As per wound type, the market is arrayed into burns, chronic wounds, surgical wounds, traumatic wounds and others. Among these, the chronic wounds segment captured 46.18% of the market share in 2018. The segment was evaluated at US$ 105.05 million in 2018 and is predicted to amass US$ 143.35 million by 2027, growing at 3.5% CAGR during the forecast period.
Moving on to the end user spectrum, the global wound irrigation systems market is fragmented into hospitals, ambulatory care centers, and others. Among these, the hospitals segment held 50.56% of the market share in 2018. The segment was estimated at US$ 120.55 million in 2018 and is expected to grow at 3.5% CAGR during 2019–2027 to reach US$ 163.38 million by 2027.
From the regional frame of reference, North America accounted for a major share in the global wound irrigation systems market. The region was assessed at US$ 99.96 million in 2018 and is anticipated to amass US$ 132.24 million by 2027. Meanwhile, Asia Pacific is slated to register a stellar growth of 3.6% over 2019–2027 and garner US$ 67.98 million by 2027.
- In December 2017, BD, a medical technology company, announced it has completed the acquisition of C. R. Bard, Inc. (NYSE: BCR), creating a new health care industry leader with approximately $16 billion in annualized revenue. C. R. Bard, Inc. provides urology trays, Suprapubic Trays, dressing trays, and others. Thus, enhancing BD’s product portfolio.
- In December 2016, Svenska Cellulosa Aktiebolaget (“SCA”) acquired BSN in 2016. SCA is a prominent global hygiene and forest products company, with a strong presence in 100
countries worldwide. The combination has allowed BSN to reach and serve more customers than ever before.
Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods – https://www.theinsightpartners.com/buy/TIPRE00005795/
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense, Food & beverage, Chemical and Materials, Semiconductors etc.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
