Wound irrigation systems market to exhibit active growth during the forecast period
The global wound irrigation systems market is growing proficiently, expected to grow at a CAGR of 3.8%. Globally, the increasing commonness of chronic wounds with respect to the rising prevalence of diabetes, foot ulcers, pressure ulcers, surgical infection, traumatic wound, and others will drive the overall growth of the market. Adoption of battery-operated wound irrigation systems in the end-user segment is becoming popular due to its ease of operation, convenience, and enhanced safety with maximum output will contribute a significant revenue share. The new launch of wound irrigation systems along with automated topical wound solution distribution and removal is gaining traction in the developed regions. Globally increasing prevalence of acute and chronic wounds in the general population (1-2%), increased medical spending on overall wound care management and technology expansion related to wound therapy in the developed nations are major factors driving the overall growth of the wound irrigation systems market.
Battery operated wound irrigation systems expected to register higher growth by the end of 2029
New wound irrigation systems now comes with enhanced tip designs and compatibility with a standard care to meet all the surgical needs. Top manufacturers are receiving FDA clearance for advanced wound management. For e.g. X-Stream™ Irrigation System (C.R Bard), a laparoscopic irrigation system controller with multiple options. Battery operated show a significant growth in the developed nations in the coming years due to increase in demand for multipurpose usage for quick and enhanced output. Manual systems also contribute a larger share in the developing nations. Top products with maximum adoption in the end user segment include InterPulse, Pulsavac Plus, WinShield Wound Irrigation System and others.
Chronic wound segment to witness a significant CAGR
Increasing prevalence of chronic wounds, and growing number of hospital admissions for various lifestyle diseases will drive the market growth. In 2020, as per the statistics by WHO, Medicare and various Cancer research organizations, more than 8 million patients are living with chronic wounds in the U.S., every year incidence of chronic wounds is expected to rise at a rate of 2% in the coming 10 years. Moreover, each year Medicare spends as much as US$ 90 billion on wound treatment. Enhanced applications for solutions delivery, acute & chronic wound management, and new product launches with a variety of irrigation choices will further spur revenue growth during the forecast period.
Increased research and development with strong product pipelines in the developed regions
Major players in the wound irrigation systems market are BIONIX, INC., Zimmer Biomet, Stryker Corporation, Cooper Surgical Inc., C. R. Bard, Inc., Centurion Medical Products, BSN Medical, Medtronic Plc., Westmed, Inc., UNeMed, Hopkins Medical Products, PulseCare Medical, LLC, Cardinal Health and others. Innovative product launches with higher patient safety and compatibility, partnership agreements, sales expansion in the developing nations and enhanced R&D on wound irrigation systems along with irrigation solutions will further drive the overall market growth. For e.g. In Feb 2019, Centurion Medical Products launched IRIG-8™Wound Irrigation System to further expand its care in the emergency room acute wound management globally.
Historical & Forecast Period
This study report represents analysis for each segment from 2019 to 2029 considering 2020 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2021 to 2029.
Report Scope by Segments
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall wound irrigation systems market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the wound irrigation systems market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period and why?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the wound irrigation systems market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
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Table of Contents
1. Preface
2. Executive Summary
3. Market Dynamics
4. Global Wound Irrigation Systems (WIS) Market, by Product Type , 2019-2029 (US$ Mn)
5. Global Wound Irrigation Systems (WIS) Market, by Wound Type, 2019-2029 (US$ Mn)
6. Global Wound Irrigation Systems (WIS) Market, by End User, 2019-2029 (US$ Mn)
7. North America Wound Irrigation Systems (WIS) Market Analysis, 2019-2029 (US$ Mn)
8. Europe Wound Irrigation Systems (WIS) Market Analysis, 2019-2029 (US$ Mn)
9. Asia Pacific Wound Irrigation Systems (WIS) Market Analysis, 2019-2029 (US$ Mn)
10. Rest of the World Wound Irrigation Systems (WIS) Market Analysis, 2019-2029 (US$ Mn)
11. Company Profiles
Companies Mentioned
- BIONIX Inc.
- Zimmer Biomet
- Stryker Corporation
- Cooper Surgical Inc.
- C. R. Bard Inc.
- Centurion Medical Products
- BSN Medical
- Medtronic Plc.
- Westmed Inc.
- UNeMed
- Hopkins Medical Products
- PulseCare Medical LLC
- Cardinal Healt.