Wound irrigation systems market is likely to exhibit a promising growth curve as far as the short-term outlook is considered. The report will uncover the insights into how the market growth will unfold in the next few years.
Prevalence of Chronic Ailments to Trigger Demand for Wound Care, thus Complementing Wound Irrigation Systems Market Growth
Growing prevalence of chronic ailments on the global front has resulted in an increased burden among patients. Critical ailments such as diabetes are on the rise. In addition, increasing aging population is also expected to contribute towards the growth in diabetes cases. For instance, according to United Nations, the number of individuals aged 65 years and above is expected to cross 1.5 billion by end of 2050 in Europe. Likewise, as per United Health Foundation’s America’s Health Ranking report, by 2050, the number of aged people in United States is projected to touch 85.7 million. United Nations also estimated that by 2050, the number of aged individuals is likely to cross 426 million on the global front. Moreover, as per IDF, in 2021, globally, around 537 million individuals suffered from diabetes and this count is expected to increase to 643 million by end of 2030 and further grow to touch 783 million individuals by 2045. With an alarmingly increasing rate of the ailment, associated diseases such as diabetic foot ulcers, vascular ulcers and pressure ulcers are also bound to grow. This has fuelled the demand for wound care, and management, in turn providing an opportunistic pathway for the wound irrigation systems market.
Manual Systems to Account for a Significant Revenue Share in Global Wound Irrigation Systems Market
The demand for manual wound irrigation systems has witnessed an upward trend since the past few years and is expected to maintain status quo going forward. This can be attributed towards their higher efficiency in cleaning hard-to-heal and deep surgical wounds. In addition, manual wound irrigation systems are highly convenient to use due to their pressure control switch that offers a forceful and accurate stream of the solution which can be applied directly on the desired area of the wound. This is expected to trigger their adoption in the surgical space, in turn contributing towards the revenue growth of the wound irrigation systems market. On the other hand, battery-operated wound irrigation systems are also likely to gain significant traction owing to their portability feature. They are also used in advanced wound care and can be used in different home care settings.
North America Prevails as a Forerunner in Wound Irrigation Systems Market
The demand, and adoption of wound irrigation systems across developed economies in North America has been on an upswing and is expected to further increase in the forthcoming years. This is mainly owing to several factors such as increasing number of road accidents and growing diabetes cases and associated injuries. According to the Insurance Institute for Highway Safety (IIHS) 2021 report, approximately 26,096 individuals died in 33,244 fatal vehicle accidents. On the other hand, according to the analysis of the International Diabetes Federation (IDF), in 2021, around 51 million individuals suffered from diabetes and the count is poised to increase to reach 57 million by end of 2030 and to further increase to cross 63 million individuals by end of 2045 in North America. As per IDF 1 in 7 individuals are living with the disease in the region.
Moreover, according to the Centres for Disease Control and Prevention (CDC), in 2020, 8.2% or 26.9 million individuals of all ages were diagnosed with diabetes in the United States alone. This is likely to result in an increase in diabetic foot ulcers in the region. These aspects are expected to trigger use of prompt medications to hydrate the wound. This has fuelled the use of wound irrigation systems that become a critical aspect of controlling severe and chronic ulcers such as diabetic foot ulcers and facilitate wound closure and effective wound management. In addition, growth of the wound irrigation systems market is also underpinned by well established healthcare infrastructure, economic growth, and stable rise in GDP per capita in the region.
Wound Irrigation Systems Market: Competition Landscape
Key players in the wound irrigation systems market are focusing on collaborations, partnerships, and new launches to strengthen their position. For instance, in 2021, Pixalere Healthcare and Sanara MedTech Inc. entered in a partnership to develop a comprehensive skin and wound care strategy. Under this partnership initiative, Sanara MedTech Inc. will leverage Pixalere Healthcare’s technology and combine it to its wound care solutions to provide virtual access to skin and wound care clinicians. Same year in June, US FDA (Food and Drug Administration) gave clearance to Irrimax Corporation’s Irrisept that can be used for removal of debris from wounds and mechanical cleansing. In May 2021, BD Surgiphor Sterile Wound Irrigation System was unveiled by Becton Dickinson and Company. This is a novel and ready-to-use aqueous PVP-I (Povidone-Iodine) irrigation solution that removes wound debris mechanically.
A few of the major players in the wound irrigation systems market include Zimmer Biomet, Westmed Inc., Stryker Corporation, Cooper Surgical Inc., Becton Dickinson and Company, Centurion Medical Products, Irrimax Corporation, Hopkins Medical Products, Sanara MedTech Inc., B. Braun, Schulke, Cardinal Health, and Bionix LLC.
Regional Classification of the Global Wound Irrigation Systems Market is Described Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Wound Irrigation Systems Market
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