Wound Debridement Market in terms of revenue was estimated to be worth $822 million in 2020 and is poised to reach $1,162 million by 2025, growing at a CAGR of 7.2% from 2020 to 2025. Market growth is majorly driven by the high incidence of diabetic foot ulcers and other target wounds, the availability of reimbursement in developed economies, and the rising number of burn cases. However, the high cost of enzymatic products is expected to hamper market growth to a certain extent during the forecast period.
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Key Player
The wound debridement market is consolidated in nature. In 2019, Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Coloplast (Denmark), ConvaTec (UK), Mölnlycke Healthcare (Sweden), Lohmann & Rauscher (Germany), Integra Lifesciences (US), Zimmer Biomet (US), Misonix (US), and Paul Hartmann AG (Germany) were the leading players.
Smith & Nephew offers a wide range of products in the wound debridement market, such as surgical devices, gels, and ointments. Due to its well-established product portfolio and good brand image, the company is able to maintain its leading position in the wound debridement market. In addition to this, the company has a direct presence in more than 100 countries across the globe. Moreover, the company has well-established distribution channels in developed markets such as the US. It generated ~50% of its revenue from the US alone in 2019.
Braun offers a wide range of gel products and pads for wound debridement. The company has a strong presence and well-established distribution channels across Europe, North America, and the APAC. Moreover, it has a good brand image in the wound care segment. All these factors have enabled it to become the second-largest player in the wound debridement market. In the coming years, the company can maintain its market leadership if it focuses on ointments, gauzes, and surgical instruments.
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North America is the largest regional market for wound debridement
The wound debridement market, by region, has been segmented into North America, Europe, the Asia Pacific, and the Rest of the World (RoW). North America is the largest market for wound debridement, followed by Europe. Growth in the North American market can be attributed to the increasing prevalence of diabetes, high penetration of enzymatic debridement products, and strong market player presence. However, the Asia Pacific market is expected to register the highest CAGR during the forecast period. Growth in this region is driven by the presence of a large patient population and increasing awareness regarding advanced healthcare products.
Recent Developments:
- In April 2019, RLS Global (Sweden) received CE approval for ChloraSolv
- In July 2017, Smith & Nephew (UK) opened a new R&D centre in Hull, UK
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