The antimicrobial dressing market is classified into hospitals, specialty wound management clinics, long-term care facilities, home healthcare settings, and others.
According to the latest Arizton's market research report, the antimicrobial dressings market to be valued at around USD 1.5 billion by 2026, growing at a CAGR of approximately 6% during the forecast period.
Antimicrobial Dressings Market Growth
The rising aging population is another key factor driving the growth of the global antimicrobial dressings market. Every year, more than 305 million acute, traumatic, and burn wounds are recorded and treated worldwide and their incidence is expected to rise in the coming years. The antimicrobial dressings market was disturbed by the COVID-19 pandemic during the year 2020 and is expected to follow a significant growth post 2021. Based on the end-users the antimicrobial dressing market is classified into hospitals, specialty wound management clinics, long-term care facilities, home healthcare settings, and others.
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Telemedicine Changing Wound Care Dynamics During COVID-19
Telemedicine is the best solution for remote wound care during the ongoing COVID-19 pandemic. Telemedical procedures – such as dressing changes – were carried out by an expert in the antimicrobial dressings market and the primary care nurse at the patient’s home. In many countries, reimbursement of telemedicine is an issue; however, during the COVID-19 pandemic, laws have been quickly adjusted to meet new demands and can be used to streamline patient tracking. The actual period of the COVID-19 pandemic limits the capacity to practice wound healing in normal conditions. Telemedicine has progressed from amateurism to a regulated practice.
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- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, wound type, end-users, and geography
- Competitive Landscape – 5 Key Company Profiles and 27 Other Prominent Vendors
Antimicrobial Dressings Market – Geographic Analysis
North America is considered the most competitive region for the antimicrobial dressings market, and the region is the main revenue contributor for vendors. The adoption of advanced antimicrobial wound care dressing products is high compared to the other regions. The major revenue contributor for North America is the US and Canada markets. Many diabetic patients suffering COVID-19 were hospitalized having wounds. They require constant monitoring of the wounds to prevent the amputation of the infected parts. The 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.
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The global players in the antimicrobial dressings market are focusing on developing innovative products and expanding their product portfolio to remain competitive in the market. All the companies that primarily derive revenue from wound care products are growing at a steady rate over the past years. Multiple product launches, strategic acquisitions, and differentiated products fueled their growth in recent years. New product approvals/launches coupled with R&D activities, help the antimicrobial dressings market players to expand their presence, enhance market growth, and sustain their market position across the globe. Globally, hospitals are overwhelmed with COVID-19 patients limiting the access of wound care patients to the hospitals as well as adversely impacting elective surgeries.
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