Topical Wound Agents Market Projected to Reach USD 2.2 billion by 2026 | Radiant Insights, Inc.

January 13 06:34 2020
Topical Wound Agents Market Projected to Reach USD 2.2 billion by 2026 | Radiant Insights, Inc.

Radiant Insights, Inc.
Radiant Insights has announced the addition of “Topical Wound Agent Market” Research Report by Manufacturers, Regions, Types and Applications″ Market Research report to their database.

The global topical wound agents market size is expanding at a CAGR of 9.4%, according to a new report by Radiant Insights, Inc. The rising prevalence of chronic injuries, growing number of surgical procedures, launch of technologically advanced products, and increasing cases of burns globally are the key driving factors for the market.

Topical wound agents generally provide adequate moisture to the bruise and allow autolytic debridement. The increasing prevalence of chronic injuries and rising number of surgical procedures are the key driving factors for market growth. For instance, as per a report published by the Science Direct in 2018, surgical infection has highest prevalence rate of around 4.0%, followed by diabetic foot ulcers which are around 3.4%. In addition, rising number of medical facilities for treating unhealed bruises across the globe is also expected to surge market growth over the forecast period. In May 2019, Dalvkot Wound Care (DWC) established the first medical facility for treating bruises in Bangalore, India, which aims to provide remedies to chronic injuries.

Thus, such developments may boost the demand for topical wound agents, as they are specifically used for such conditions. Furthermore, new product launches by key players may also positively impact market growth. For instance, Arch Therapeutics, Inc., launched AC5

Topical Gel, which got its FDA approval in October 2019. This gel allows rapid injury healing with minimal risk of getting further complications. Therefore, such factors are anticipated to propel growth of the market over the forecast period.

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Further key findings from the report suggest:

• In terms of revenue, the acute wounds segment held the largest share in 2018 owing to rising cases of burn and surgical bruises across the globe

• The creams segment held the largest market share and is expected to witness fastest growth rate over the forecast period owing to increasing incidence of diabetic and venous leg ulcers across the globe

• The hospital segment held the largest share in 2018 due to rising cases of road accidents worldwide

• The Asia Pacific topical wound agents market is expected to witness the fastest growth over the forecast period owing to rising number of diabetic patients in this region

• Prominent players present in the market are Smith & Nephew PLC.; Teva Pharmaceuticals USA, Inc.; and Molnlycke Health Care AB.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.1.1 Estimates and forecast timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased database
1.3.2 GVR’s internal database
1.3.3 Secondary sources
1.3.4 Primary research
1.3.5 Details of primary research
1.4 Information or Data Analysis
1.4.1 Data analysis models
1.5 Market Product & Validation
1.6 List of Secondary Sources
1.7 Objectives
1.7.1 Objective 1: Understanding market dynamics in the given countries
1.7.2 Objective 2: Understanding market estimates and forecasts
1.7.3 Objective 3: Understanding attributes to provide elaborate details on the market structure & strategic undertakings & their impact
1.7.4 Objective 4: Understanding key Product, type, and application scopes to conclude on the market size

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Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook

Chapter 3 Topical Wound Agents Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Ancillary market outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market driver analysis Increasing incidence of chronic diseases Rising geriatric population Increasing number of surgical applications
3.3.2 Market restraint analysis High cost of wound treatment and topical agents
3.4 Topical Wound Agents: Market Analysis Tools
3.4.1 Industry analysis – Porter’s
3.4.2 PESTLE analysis

Chapter 4 Topical Wound Agents Market: Segment Analysis, By Product, 2015 – 2026 (USD Million)
4.1 Definition and Scope
4.2 Product Market Share Analysis, 2018 & 2026
4.3 Segment Dashboard
4.4 Topical Wound Agents Market, by Product, 2015 to 2026
4.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026
4.5.1 Creams Creams market, 2015 – 2026 (USD Million)
4.5.2 Gels Gels market, 2015 – 2026 (USD Million)
4.5.3 Sprays Sprays market, 2015 – 2026 (USD Million)
4.5.4 Others Others market, 2015 – 2026 (USD Million)

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