Smith & Nephew, the worldwide medical technology firm, completed its new R&D and production facility for its Advanced Wound Management franchise on the outskirts of Hull, United Kingdom, in July 2023.
Also, in November 2022, Sanara MedTech Inc. and InfuSystem Holdings, Inc. entered into a partnership known as SI Wound Care, LLC that became focused on delivering a complete wound care solution aimed at improving patient outcomes while reducing costs of care and enhancing satisfaction among patients and providers. This alliance will allow InfuSystem to bring additional customers to Sanara's advanced wound care product line, such as necrotic tissue debridement and associated services.
For example, in October 2022, according to NHS Trust, the NHS Supply Chain launched an innovative gel that allowed chemical debridement as an alternative to sharp debridement for removing damaged tissue. The product is cheap compared to standard care alone and increases the quality of life for patients, which is anticipated to witness considerable market growth throughout the forecast period.
Another one was introduced by HMP Global in June 2022 called Wound Care Learning Network, where clinicians can have access to current news updates from wound journals, articles, top-notch specialized content highlighted clinical research expert perspectives related learning resources. This platform aims at providing all-round information that is valuable to healthcare professionals involved in wound care management.
On the other hand, Essity Aktiebolag, located in Sweden, bought Hydrofera Company, which operates mainly on advanced wound-care products and associated technology situated within the US territory. thus, this acquisition has widened Essity’s portfolio, consequently enabling it through creative solutions address patient needs more efficiently than before, thereby expanding its market share in the field of wound-care products.
In January 2021, Healogics will launch Healogics 2021 healing program with resources for patients and healthcare providers who wish for better health through improved or healing wounds without unnecessary surgery leading to amputations.
Types and Applications of Wound Debridement Products
There are many types of wound debridement products available in the market. Wounds like cuts, burns and ulcers are highly concerned with getting rid of the infection, and this factor is propelling the market Wound Debridement Products. Wound debridement products will eliminate the foreign invaders, dead tissues, and other toxic elements from human wounds, which further proceeds in healing. Various methods are available for concluding the wound debridement, such as biological debridement, enzymatic debridement, mechanical debridement, autolytic debridement, and surgical sharp and conservative sharp debridement. The adoption of these methods is helping the market to elevate.
The products also prevent the surrounded healthy tissues from getting infected. The debridement process includes autolytic and active. Many growth factors are helping the market to propel at a higher pace. The rise in the incidence of burn injuries and skin infections associated with population explosion factors is boosting the Wound Debridement Products Market Size. The awareness among the people to deal with wound before it gets more infected is paving the way for the market’s growth. Awareness programs initiated by organizations and governments are accelerating the recognition of the market.
The incidents taking place in live sports and events during traveling and adventures trips contribute to propelling the market’s growth rate. Road accidents and violent acts are also the main causes of the wound. Traumatic injuries and burns cause acute wounds that require advanced therapies for treatment. These acute wounds can rise the burden of chronic wounds. This factor is fueling up the Wound Debridement Products Market Share.
COVID-19 Analysis
Impact of COVID-19 on Market Sales and Production
During the pandemic period, the Market went through tough situations when the sales rate decreased. The manufacturing and production units of the industries were closed for a longer period which reduced the demand for the product. The supply chain process was eventually disrupted, and the market faced revenue loss.
Post-Pandemic Market Recovery and Growth
In the further days of the COVID-19 pandemic, the market noticed good growth due to the rise in concern among the public to stay hygienic and infection-free. As the virus is very infectious, it can transmit easily. Hence, wounds and injuries have become a major concern and the immunity factor. In this period, the medicals, clinics and pharmaceuticals stores remained open to provide service during necessity. This factor has driven the Market. The demand for the product increased, which led to a higher sales rate, and the market achieved a good revenue value.
In the post-pandemic period, the demand will remain constant; hence the market is estimated to register a strong CAGR during the forecast period.
Chief Factors Existing In The Market
The market growth drivers of the Wound Debridement Products are accelerating the market’s demand. Many factors are increasing the market’s standard. The increased rate of the aged population and serious wounds concern is chiefly driving the market. Availability of cost-efficient wound debridement products for advancing medical facilities is another major market driver.
There are certain challenges faced that are hindering Wound Debridement Products Market growth rate. The higher cost price of technologically advanced devices products is one of the major challenges. The lack of awareness in the rural areas will hamper the growth rate during the evaluation period. The cost of progressive wound dressings and products is higher than that of the conventional methods. Therefore, various patients are opting for the latter, despite the slow healing process related to it. This presents the main challenge for the overall wound care industry.
There are rising opportunities that are helping the Market of Wound Debridement Products to propel at a higher pace. Increased rate of traumatized injuries, violence, accidents, injury at sports and adventures camping and trekking is setting huge growth opportunities for the market. Expanding economies and demographics in developing nations give emerging chances to accelerate the market’s demand.
The huge price of technologically advanced, digital wound measurement devices is acting as a restraining factor. Health care professionals prefer traditional tools such as simple dressings, tapes, or rulers to clean and measure wounds is hindering the demand of the Market.
Cumulative Evaluation Of The Market
The Wound Debridement Products Market Outlook evaluation report states that it will attain the estimated CAGR value during the forecast period. The market driver and opportunities are fueling it to reach its value. Despite the pandemic, the market has shown growth consistency. The players observe the growth limiting factors so that they wouldn’t restrict the growth rate. The complete Market overview of Wound Debridement Products showcases that it will flourish with significant revenue.
Leave a Comment