Skin Barriers Market
Skin Barriers market share with predicted implications of corona impact, brand share analysis, lockdown impact assessment, deep-dive competition analysis, market size and historical value analysis
Global Market Study on Skin Barriers: Rising Prevalence of Incontinence & Ostomy to Drive Market Growth
- Report code : PMRREP28816 |
- Industry : Life Sciences & Transformational Health |
- Published On : Nov-2020 |
- Pages : 230 Pages |
- Format :
Rising prevalence of incontinence condition and ostomy procedures will remain key reasons for the expansion of the global skin barriers market size over the coming years. It has been estimated that, around 50-70% women suffering from urinary incontinence fail to seek medical evaluation and treatment. This is essentially because of the social stigma and taboo associated with this condition. The costs of managing urinary incontinence is estimated up to US$ 32 billion per year in the U.S., which can be greater than the combined costs of some of the prevalent cancers such as ovarian, breast, and cervical.
Another major reason for the growth of the global skin barriers market is increasing number of procedures leading to ostomy. Furthermore, it has been observed that, around a hundred thousand people in the U.S. undergo surgeries that result in ileostomy or colostomy each year. High incidence of ostomy surgeries in the U.S is due to growing prevalence of diverticular disease or colorectal cancer.
Rising Incidence of Pressure Ulcers/Injuries & Moisture-associated Skin Damage to Provide Sustained Growth
Prevalence of conditions such as Medical Adhesive-Related Skin Injury (MARSI), Moisture-Associated Skin Damage (MASD), and Pressure Ulcer/Injury (PU/I) will continue to provide steady growth for the global skin barriers market. MARSI is a preventable, less recognised condition caused due to removal of the upper skin layer due to excessive use of adhesives. For example, most skin injuries reported in neonatal intensive care units are because of these, and are more common among the elderly. On similar lines, prevalence of MASD incontinence-associated dermatitis in hospitalized patients is also a major concern. Skin barriers are an effective way to deal with the aforesaid injuries.
Increasing Acquisitions & Mergers - Key Growth Strategies for Major Skin Barriers Market Players
Major players functional in the global skin barriers market rely on various types of growth strategies. These primarily include expanding their geographical reach via various agreements, acquisitions, and collaborations. This strategy is productive since it helps a company in better market penetration in the skin barriers market without spending a lot on visibility or advertisement campaigns. For instance, in August 2018, Santus Laboratories was acquired by DermaRite to manufacture, market, and sell Lantiseptic (a topical product under skin barriers).
COVID-19 Impact on Skin Barriers Market
The COVID-19 crisis has caused major disruptions in world economies and various sectors. The healthcare industry, in general, has seen some mixed responses. However, the global skin barriers market would fall in the category of the markets facing limited impact. The COVID-19 impact on the global skin barriers market can be analysed in terms of delayed ostomy procedures and postponement of medical detection of incontinence condition, the two being medical conditions wherein skin barriers are used. On the other hand, the global skin barriers market will witness growth through online sales channels due to the ongoing COVID-19 pandemic. Moreover, it can also be a possibility that patients (especially elderly and women) hospitalized due to COVID-19 may get detected for urinary incontinence, which otherwise goes undiagnosed.
Analysts’ Viewpoint
PMR analysts, after conducting comprehensive research and analysis of the skin barriers market, have reached a conclusion that, the market looks favourable in the coming future. At the moment, skin barrier sprays are the most sought-after in the skin barriers market by key market players. It is for the same reason that this segment is dominating the global skin barriers market. North America, followed by Europe, are expected to be the two most promising regions in the global skin barriers market during the forecast period of 2020-2030.
Skin Barriers Market - Scope of Report
A latest publication by Persistence Market Research (PMR) on the global skin barriers market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global skin barriers market. The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the skin barriers market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.
Important indicators for successful growth of the skin barriers market are presented in this comprehensive report, which include supply chain analysis, value chain analysis, Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR). This research study can support readers to know the demand for skin barriers and the quantitative development opportunities during the study period.
The research is beneficial for shareholders in the skin barriers market, including skin barriers market investors and service providers, and can help them in developing suitable business strategies to flourish in the skin barriers market. The insights and wisdom presented in this PMR study can be leveraged by shareholders in the skin barriers market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.
Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the skin barriers market are also included in the current study. Depending on potential developments in the skin barriers market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this skin barriers market report, minor companies and new entrants in the skin barriers industry can be aided in making suitable company choices to achieve traction in the skin barriers market.
Key Segments of Skin Barriers Market
PMR’s study on the skin barriers market offers information divided into four important segments—product, indication, distribution channel, and region. This report offers comprehensive data and information about the important market dynamics, and growth parameters associated with these categories.
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Key Questions Answered in PMR’s Skin Barriers Market Report
- Which regions will continue to remain most profitable regional market for skin barriers market players?
- Which factors will induce a change in the demand for skin barriers during the assessment period?
- How will COVID-19 change the trends of the skin barriers market?
- How can market players capture the low-hanging opportunities in the skin barriers market in developed regions?
- What are the winning strategies of stakeholders in the skin barriers market to upscale their position in this landscape?
- What are the restraints that investors need to be aware of and tackle while investing in the skin barriers market?
- What are the developmental trends in skin barriers sectors that will impact the market?
- How can businesses in the skin barriers market avail the growth opportunities in developed and emerging economies?
Skin Barriers Market: Research Methodology
In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the skin barriers market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the skin barriers market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts interviewed specialized industry experts, medical professionals, and key executive of product manufacturing companies, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the skin barriers market, and makes PMR’s projections on the growth prospects of the skin barriers market more accurate and reliable.
Companies covered in Skin Barriers Market Report
- ConvaTec Inc
- Hollister Inc
- DermaRite Industries LLC
- 3M
- Coloplast Corp
- Stryker
- Integra Lifesciences Corp
- Smith & Nephew
- GOJO Industries
- Medline Industries
- B Braun Melsungen AG
- Sonoma Pharmaceuticals Inc
- Welland Medical Ltd.
- Essity
