Wound Irrigation Systems Market: North America Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027

•  Global wound irrigation systems market revenue is expected to expand at a CAGR of 3.0% over the forecast period to reach value of US$ 310.9 Mn by 2027 end
•  In terms of revenue, battery-operated wound irrigation systems is projected to remain the dominant segment by product type and it is expected to gain traction due to advanced features for wound care
•  Chronic wound segment is expected to grow at a faster rate compared to acute wound segment over the next decade owing to rising prevalence of chronic ulcers such as diabetic foot ulcer and venous ulcer.
•  Among all end users, hospital segment is the most dominant segment for wound irrigation systems market whereas home care settings is expected to be the fastest growing segment.
•  North America is considered to be a lucrative marketplace for the global wound irrigation market and estimated to retain over 40.9% of the share of the market in terms of revenue during 2017
•  Increased prevalence of chronic wounds and rising adoption of advanced wound care products are expected to propel the revenue growth of global wound irrigation systemsmarket.

Macro-economic Factors:

•  Increasing Spending on Healthcare Per Capita
•  Rising Government Support in Developed Economies

Opportunities:

•  Emergence of e-commerce-based Distribution Channels
•  Growing Demand for Advanced Wound Care in Homecare Settings

Trends:

•  Growing Acceptance of Standardized Protocols to Manage Complex Wounds
•  Collaborative Agreements Between Manufacturers and Channel Partners

Overall Market Approach:

•  The increased adoption by various end use segments of e-commerce based channels and collaboration of leading manufacturers with various channel partners to drive sales and product reach is expected to positively impact the market for wound irrigation systems
•  The incidence of acute and chronic wounds continue to grow at a rapid pace in U.S. and Canada. However, availability of several wound care and management methods is expected to lead to a modest growth for wound irrigation systems

Key Segments:

•  Chronic wound segment is expected to gain more traction compared to acute wound owing to rising prevalence of chronic ulcers such as diabetic foot ulcer and venous ulcer
•  Manufacturers are focusing on developing battery-operated portable systems which are more user friendly keeping in mind end use preferences

Target Country:

•  The U.S. is a highly mature market due to which manufacturers of wound irrigation systems can expect limited market growth over the forecast period
•  APEJ is expected to be the more lucrative market considering the untapped potential, leading to a higher growth rate over the forecast period

Differentiating Strategy:

•  Manufacturers of wound irrigation systems are actively engaging in mergers, acquisitions and partnerships in order to strengthen their product portfolio and increase market share
•  These companies are also focusing on development of novel wound irrigation systems to the enhance the healing time of chronic wound and burns and reduce the treatment costs

 

Source: futuremarketinsights.com

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