Wound management has expanded on a global scale to become a multibillion dollar industry due to the rising number of calamities and chronic diseases. Wounds are a potential health hazard to patients, providers, and the global health economy, amounting to billions of dollars annually. The science of wound healing has advanced substantially over the last two decades resulting in the development of wound dressings that possess rapid healing properties as compared to conventional wound dressing products. Wound cleansers are an integral part of the wound management regime and can be defined as solutions which are used to remove contaminants, foreign debris and exudate from the wound surface or to irrigate a deep cavity wound.
Wound cleansers include various ingredients such as surfactants, wetting agents, moisturizers and antimicrobials, which can be used during a dressing change with a gauze or sponge and in conjunction with a device for accomplishing wound irrigation and debridement. The application of these products have expanded over the years due to the rising number of chronic diseases, with their associated complications such as pressure ulcers, foot ulcers etc. and surge in the geriatric population. The elderly population, or people aged 65 or above, currently constitutes 8.5% of the total population, and this is expected to increase exponentially in the coming years. This will certainly help the wound cleanser product market to grow, however, poor reimbursement policies may restrain the growth in the future.
The global wound cleanser product market is anticipated to reach $2171.4 million by 2023, growing at a CAGR of 5.4%. The market has been driven by the high prevalence of chronic wounds such as foot ulcers, pressure ulcers etc. However, this trend is expected to shift towards acute wounds segment, which dominated the global wound cleanser market in 2016 and is anticipated to reach $1.13 billion by the end of 2023. Despite this, it is non-acute surgical wounds segment which will grow at the highest CAGR during 2016 and 2023.
The wound cleanser product market bifurcates into saline and commercial products. Currently, the commercial wound cleanser product segment dominates the market and is expected to grow at a CAGR of 5.8% from 2017 to 2023. Whereas, saline products segment is estimated to grow at a CAGR of 4.9% from 2017 to 2023. Commercially available wound cleansers are available over the counter, and are classified into spray, solutions, wipes, foams and other products. Among these, sprays are currently dominating the market and are expected to grow at a CAGR of 7.9% from 2017 to 2023. Although, foam based cleansers are gaining traction in the market due to their better response on the skin with minimal chances of allergic reaction or rashes.
Geographically, Asia-Pacific dominated the global wound cleanser product market in 2016 with a market share of 27% and is expected to reach $638.8 Million by 2023. However, the Latin America is estimated to grow at a CAGR of 7.0% from 2016 to 2023, with the highest growth rate. BIS Healthcare has conducted an extensive market research on ‘Global Wound Cleanser Products Market - Analysis & Forecasts, 2016-2023’. The market intelligence report aims to provide an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which includes drivers, restraints, and opportunities prevailing in the industry.
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