Research and Markets has announced the addition of the "Global Advanced Wound Management Market 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the increasing prevalence of diabetes and obesity. The Global Advanced Wound Management market has also been witnessing the Increasing Adoption of Nanotechnology in Wound Dressing. However, the High Cost of Advanced Wound Dressings could pose a challenge to the growth of this market.
Key vendors dominating this space include ConvaTec Inc., Kinetic Concepts Inc., Molnlycke Health Care AB, and Smith and Nephew plc.
Commenting on the report, an analyst from TechNavio's Healthcare team said: ''One of the major trends witnessed in the Global Advanced Wound Management market is the increasing demand for combination dressings used to treat chronic wounds. Combination dressings blend the physical and chemical properties of two or more types of wound dressing products for optimal functionality of the dressing. Generally, an antimicrobial agent and a biological material that acts as the carrier are used in a combination dressing. Combination dressings that are commonly used are silver alginate dressings, silver collagen dressings, collagen hydrocolloid dressings, and collagen and foam dressings. These dressings can be used for all types of ulcers, as well as for surgical and traumatic wounds. Thus, the increasing demand for combination dressing products is a new trend that is expected to have a positive impact on the growth of the market.''
According to the report, one of the main drivers in this market is the steadily growing aging population worldwide. The increasing prevalence of chronic wounds such as pressure ulcers, diabetic ulcers, and venous ulcers among the aging population is contributing to the growth of the market.