Foam Dressing Market – Dynamics
Rising number of trauma andtraffic accident cases along with cumulative number of surgeries performedaround the globe is anticipated to boost growth of the FoamDressing Market. For instance, according to a report published in WorldBank 2014, around 78.2 million people are injured due to traffic road accidentseach year and as many as 1.3 million people have died. Also, this number isexpected to increase by 65% in the next 20 years.
The flexibility of foam dressingallows for a broad variety of medical applications with wounds that have heavyto moderate exudate, makes it easy to use, and can be easily cut to fit forirregular wound areas. These are also good dressing option for partial orfull-thickness wounds that have moderate or more drainage.
Moreover, increasing surgicalcosmetic procedures around the globe is expected to propel growth of the foamdressing market. For instance, according to The International Society ofAesthetic Plastic Surgery 2016 survey report, an overall increase of 9% wasobserved in surgical and non-surgical cosmetic procedures from 2015 to 2016.
A typical wound dressing plays animportant role in the healing process. Dressing protects the affected area frombacteria and other harmful particles and provides an environment for healthyhealing. Foam dressing is effective for managing exuding wounds by providing amoist environment conducive to the wound healing and reducing dressing pain anddiscomfort.
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Foam dressing are made up ofsemipermeable polyurethane. The interaction region of a foam dressing isnon-linting and no-adherent, which makes them easy to remove than other wounddressings. Foam dressing has outer layer that is often hydrophobic orwaterproof, which keeps out harmful bacteria and other particulates. Foam dressingcan be used for surgical wounds, skin graft, minor burns, abrasions, infectedwounds, lacerations, draining peristomal wounds, and leg ulcers. Adhesive foamdressings and non-adhesive foam dressings are available in the market.
Furthermore, introduction of newproducts by key players is expected to propel growth of the foam dressingmarket. For instance, in 2016, ConvaTec, a leading medical technology company,launched Foam Lite, a light, flexible foam dressing developed for low tonon-exuding chronic and acute wounds such as skin tears, partial thicknessburns, and skin abrasions which do not require the absorbency of regular foamdressings. However, high cost in comparison to normal dressing and restricteduse of foam dressings in third degree burn, sinus tracts and dry eschar isexpected to hamper the growth of foam dressing market
Foam Dressing Market – RegionalInsights
Based on regions, the global foamdressing market is segmented into North America, Europe, Latin America, AsiaPacific, Middle East, and Africa. North America holds the dominant position inthe foam dressing market, owing to quick adoption of technological advanceproducts and approval of the foam dressing kits for combinational therapy bythe U.S FDA is expected to propel market growth in the region. For instance, in2015, Devon Medical Products Inc. received a Food and Drug Administration (FDA)510(k) clearance for its extriCARE 2400 negative pressure wound therapy (NPWT)pump to operate with its foam dressing kit.
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Asia Pacific market is expectedto show significant growth in the foam dressing market, owing to rising injuryand trauma cases in the region. For instance, according to the Indian Ministryof Road Transport & Highways Transport, around 4,80,652 road accidentsoccurred in 2016, claiming 1,50,785 lives and 4,94,624 people were injured.
Foam Dressing Market –Competitive Landscape
Key players operating in globalfoam dressing market include Medtronic Plc., Cardinal Health, 3M Company,Mlnlycke Health Care AB, Johnson & Johnson, Medline Industries, Inc.,Winner Medical Group Inc., BSN Medical, and Smith & Nephew Plc. Key playersare engaged in strategies such as mergers, acquisitions, partnerships, and newproduct launches to increase their product portfolio and to sustain theirpresence in the market. For instance, in 2017, Medline Industries, Inc.acquired Centurion Medical Products. Centurion Medical Products manufacturesportfolio of vascular insertion trays and best-in-class securement dressingsthat complement the Medline ERASE BSI solutions.
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