Advent of Nanoparticles to Impact Antimicrobial Wound Care Market Growth

23 March 2021

In the recent years, wound dressing is developed with the antimicrobial coatings. These antimicrobial coatings help to prevent spreading of diseases. The coating makes the dressing material super-absorbent and pulls excess moisture away from the wound. The microbial coating creates a barrier and blocks bacteria from reaching the wound and recolonizing there. Wound care refers to specific treating of acute and chronic wounds. The trend is focusing on new product innovation based on silver nanoparticles providing better solutions for antimicrobial wound dressings. The rising incidence of patient population with various acute and chronic wounds globally, this in turn, is surging the growth of the wound care market in the healthcare industry.

North America is one of the most competitive market for antimicrobial wound care products. The region has more than 6.5 million people with chronic wounds that require ongoing care, thereby, soaring the demand for wound care market in North America. The US and Canada in North America are major revenue contributors in the antimicrobial wound care market. Increase in the diabetic population and expansion of elderly population of more than 55 million in 2020, continues to contribute to the use of antimicrobial wound dressings. Countries such as the US and Canada used the telemedicine method to monitor the wound condition of the patients remotely and to treat them when required.

Read: Antimicrobial Wound Dressings Market Global Outlook and Forecast 2021-2026

How is Telemedicine Changing the Wound Care Dynamics during COVID-19?

Telemedicine is the remote delivery of healthcare via electronic communication devices such as smartphones, tablets, and more devices. The use of wound telemedicine systems in the home care environment has been expanding for the last decade. The emergence of COVID-19 pandemic has fueled the growth of telemedicine drastically. As per the government norms people were not allowed to visit physically, this in turn, has surge the growth of telemedicine across the world. Telemedical procedures such as dressing changes, were carried out by an expert in wound care and a primary care nurse at a patient’s house. Telemedicine provides a particularly well-suited alternative to managing patients in person during and beyond the COVID-19 pandemic.

Healthcare settings in many developed countries has organized infrastructure for monitoring the patients through telemedicine such as consulting the patients frequently in time to guide them for further treatment with the change of dressing. Telemedicine has progressed from a beginner stage to an organized structure to monitor the patients. This improved the relationship between the patient and the physician, increasing the usage of telemedicine in the wound care market. According to the survey conducted in 2019, 66% of the consumers were willing to use telemedical. Owing to the sudden outbreak of coronavirus, people started preferring telemedicine as a replacement of visiting hospitals.

Competitive Rivalry Among the Players in the Wound Care Market

The global players such as Smith+Nephew, Mölnlycke Health Care, ConvaTec, Coloplast, and 3M are playing a major role and have significant shares in the antimicrobial wound care market. One of the prominent player Smith+Nephew is the market leader in the global wound care market. It develops, manufactures, and distributes innovative wound care products through its advanced wound care (AWC), advanced wound devices (AWD), and Advanced Wound bioactives (AWB) portfolio. Its advanced wound management includes a comprehensive set of products to meet broad and complex clinical needs to help healthcare professionals get close to zero human and economic consequences of wounds.

Read: Surgical Wound Closure Devices Market Global Outlook and Forecast 2021-2026

3M offers wound care products under its skin & wound care product category of its health care business segment. It offers a wide variety of wound care products ranging from revolutionary skin protectants and next-generation wound care dressings to smart compression systems and best-in-class medical tapes. The acquisition of Acelity in October 2019 further strengthened 3M’s position, both in the antimicrobial wound dressings market and the overall wound care industry. Before the acquisition, Acelity was offering wound care solutions through its subsidiary, KCI, which is the most trusted brand in the wound care market.

Read: Digital PCR (dPCR) and Real-Time PCR (qPCR) Market Global Outlook and Forecast 2020-2025

FAQs about the Antimicrobial Wound Care Market:

Q. What is the market size of antimicrobial wound care?

A. The global antimicrobial wound care market to reach USD 1.5 billion by 2026.

Q. What is the market growth of antimicrobial wound care?

A. The global antimicrobial wound care market is projected to grow at a CAGR of around 6% during the forecast period.

Q. What is the market segmentation of antimicrobial wound care?

A. The global antimicrobial wound care market is segmented by product, wound type, end-user, and geography.

Q. What is the market insight of antimicrobial wound care?

A. Wounds cause significant morbidity and mortality and have high associated healthcare expenses. It has been estimated Medicare spends over USD 25 billion per year, causally related to wounds.

Q. What are the major regions in antimicrobial wound care?

A. The leading regions in the global antimicrobial wound care market include Europe, North America, APAC, Latin America, and Middle East & Africa.

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