Oral Hydrogel Wound Dressing Market

Oral Hydrogel Wound Dressing Market Forecast and CAGR:

According to the latest research by Persistence Market Research, the Oral Hydrogel Would Dressing market is set to witness a growth of 10.1% during the forecast period. Demand for Oral Hydrogel Would Dressing expects to witness steady recovery in the short-term, with an optimistic growth outlook in the long run. The advancement for the Oral Hydrogel Would Dressing market industry will offer lucrative opportunities in near future.

What are the Major Drivers of the Oral Hydrogel Wound Dressing Market?

Oral hydrogel wound dressings are therapeutic and protective materials applied to the wounds. Rising demand for wound care in primary healthcare settings is one of the key drivers for the growth in demand of oral hydrogels.

Because of various innovations in the field of oral hydrogels, they can now be used for numerous applications such as pain relief, protection of wounds from contamination and promotion of optimal healing process.

Hydrogels can be used to surpass many of the complications in wound healing and thus offers brilliant wound healing properties which facilitate patient recovery. They have also been proved to be advantageous over alternative methods of wound healing processes.

With the increased awareness regarding wound management and infection control in healthcare settings, there is a growing importance for wound management. This has created numerous opportunities for sales of oral hydrogel wound dressing.

The increase in the elderly population, the improvement of medical infrastructure, the increase in government initiatives aimed at raising awareness of the diagnosis and treatment of patients with diabetes and ulcers, and the important attention of major market players to providing cost-effective products to improve the quality of patients’ lives.

The increase in accidents and burns are some of the main factors that are expected to drive the growth of the global oral hydrogel dressing market during the forecast period. In addition, technological innovations in wound closure technology, namely injectable amorphous oral hydrogels that respond to trauma cases and stimuli from military personnel to stop bleeding, have further supplemented the market growth.

The Introduction of Drug Delivery Systems into Oral Hydrogel Wound Dressing Market Expected to Boost the Demand.

The innovation of controlled release drug delivery system in the field of wound dressing is expected to contribute to the demand progress for oral hydrogel wound dressing market during the forecast period.

These drug delivery systems are capable of delivering the healing drug at the target site in a controlled and sustained means. With this innovation, wound healing process would yield benefits like improved efficacy of the therapeutic drug, reduced systemic side effects, increased compliance of the patients and decreased administered dosage to the patients.

Because insulin injections often have patient compliance issues, such innovations are expected to become a game changing technology in the diabetes care market. All these advancements are set to create an upsurge in the target market during the forecast period.

However, some technological challenges that may create hindrance in the hydrogel-based drug delivery system can be the non-existence of regulatory bodies and guidelines.

North America Oral Hydrogel Wound Dressing Demand Outlook:

Due to the high penetration rate, the North American market occupies an important part of the global demand. The major factors that makes the North American market largest revenue generating region in this field are the presence of major companies manufacturing the hydrogels who are funding various R&D activities for the market.

Along with the before mentioned factors, the increased disposable income and various developments in the healthcare industry are other key factors leading to market dominance.

Europe Oral Hydrogel Wound Dressing Demand Outlook:

Europe being the second most dominating region in this field, are estimated to control 70% of the market. According to the research done by European Wound Management Association (EWMA), around 1-2% of the population in Europe suffer from some or the other chronic wounds.

Also a 25% to 30% of acute care hospital beds are occupied by patients suffering from both acute and chronic wounds. Also, a rising prevalence of post-surgical wounds and the aforementioned factors proven to be driving factors for the growth of oral hydrogel market in Europe.

Who are the Key Players in the Oral Hydrogel Wound Dressing Market?

Some of the manufacturers of oral hydrogels are

• Katecho
• HuiBo Medical
• Akelgaard manufacturing co. Ltd
• MCMP
• 3M healthcare
• Integra LifeSciences Corp.
• Cardinal Health
• BSN medical
• Medline Industries Inc.
• Mölnlycke Health Care AB
• Coloplast A/S
• Smith & Nephew
• Chinmed
• ConvaTec Group PLC
• AMREX Health Care Corp.
• Southwest Technologies.

ConvaTec are progressing towards augmenting production cycles so that there is an assured supply of hydro fibers and other dressing products which would be used in producing various hydrogel end products.

Oral Hydrogel Wound Dressing Market Report Highlights:

• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size recent industry trends
• Key Competition landscape
• Strategies for key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.