DUBLIN, Mar 10, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Wound Dressing Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.

The global wound dressing market was worth $9,989.6 million in 2015 and it is expected to grow at a CAGR of 6.9% during 2016-2022

Advanced and traditional are the two types of wound dressing, where advanced wound dressing had larger market in 2015. Among the various applications of wound dressing, surgical wound segment held the largest share in the global market in 2015.

The global wound dressing market is witnessing high growth due to increasing geriatric population, increasing road accidents and growing chronic wound cases resulting in high demand for such products. In addition, increasing burn cases and growing awareness about wound dressing is also leading to its higher adoption. Moreover, increasing volume of surgeries is further promoting the growth of the market.

Market Dynamics

Factors Driving The Growth Of The Market And Its Impact On Market Forecast

• Growing Geriatric Population
• Increasing Volume Of Surgeries
• Increase In Road Accidents
• Growing Burn Cases
• Increasing Incidence Of Chronic Wounds

Factors Hindering Growth Of The Market And Its Impact On Market Forecast

• High Cost Of Advanced Wound Dressing
• Inability Of Traditional Wound Dressing To Treat Severe Wounds
• Impact Analysis Of Restraints On Market Forecast

Company Profiles And Strategic Developments

• 3M Company
• Medtronic Plc
• Smith & Nephew Plc
• Mölnlycke Health Care Ab
• Hollister Inc.
• Derma Sciences Inc.
• Johnson & Johnson
• Deroyal Industries Inc.
• Dermarite Industries Llc.
• Convatec

For more information about this report visit http://www.researchandmarkets.com/research/qzg73n/global_wound

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SOURCE Research and Markets