Patch-based Wound Healing

Patch-based Wound Healing

Wound patches are a gift for patients with constant injuries that consume a large chunk of the day to mend. High-level injury care patches diminish scrambling, speed mending and decrease irritation. The demand for wound healing products that facilitate rapid healing is expected to increase due to a variety of factors, such as the rise in the number of road accidents, the increase in surgical procedures, and the increase in the number of acute wounds due to increased surgical procedures. For instance, according to an article distributed in the Journal of Family Medicine and Primary Care in March 2022, around 1 million instances of moderate to serious burn wounds requiring excellent clinical consideration were recorded yearly in India. Other factors, including a surge in the increasing awareness regarding chronic injuries by government, public, and private sectors in healthcare departments are driving the market's growth during the forecast period. For instance, Wounds Australia fostered the Injury Wound Awareness Week (WAW21) crusade in 2021 to teach individuals about constant injury difficulties and bring issues to light about the dangers, advance notice signs, and medicines. In 2022, the mission zeroed in on the arrangements expected to drive public change for those living with wounds.

The Patch-Based Wound Healing Market is expected to grow at a steady rate of around 4.1% owing to the increased prevalence of chronic injuries globally. For instance, according to the Fire and Burn Prevention: 2021 Resource Guide distributed in May 2021, more than 100,000 were owned up to a medical clinic or treated in a crisis division because of fire or burn wounds every year. Flames and burns were the fifth driving reason for accidental injury-related deaths in individuals aged 1-19 in the US. Many new therapies are being introduced for treating these injuries in a shorter duration of time including patch-based healing products, and many more. Several other factors, such as rising road accidents, and increasing prevalence of diabetes among people are also driving this market of patch-based wound healing at a steady rate. For instance, as per 2022 measurements distributed by the International Diabetes Federation, around 32.2 million individuals in the US had diabetes, which might develop to 36.3 million by 2045.

• Based on the formulation, the market is segmented into povidone-iodine, silver, collagen, and others. The collagen segment held the maximum share in the global market of patch-based wound healing in 2022. This segment is driven by a surge in the adoption of fast wound-healing products and an increase in diabetes and post-surgery infections. Collagen is biocompatible as well as biodegradable and actively contributes to wound healing. The high demand for collagen patches is due to their antimicrobial properties which increase safety and provide several benefits such as fibroblast production which leads to the growth of new collagen on the wound, fastens the process of wound healing, and keeps the wound at a healthy temperature. For instance, a study published in June 2021 in the journal Polymers found that collagen is the most widely used component in hydrogels used for topical drug carriers as well as wound dressings. Hence, due to the above reasons, the collagen segment held a significant share of the market in 2022.
• Based on application, the market is bifurcated into chronic wounds and acute wounds. The chronic wounds segment is expected to hold a significant share of the market in the forecast period owing to the prevalent expanding occurrence of chronic diseases, particularly diabetes alongside a rising geriatric population. For instance, according to the International Diabetes Federation, around 2.9 million individuals in Canada and 14.1 million individuals in Mexico had diabetes in 2021, and this number is projected to reach 3.4 million by 2045. Apart from this, the surge in road accidents is also impelling the growth of this segment. Hence, the chronic wounds category is expected to witness a higher CAGR during the forecast period amongst applications.
• For a better understanding of the market adoption of patch-based wound healing, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominated the global patch-based wound healing market in the year 2022 due to the expanding pervasiveness of diabetes combined with the presence of significant key members in the region, advancements in medical services foundation, and ascend in surgeries are additionally expected to drive the development of this market. Government organizations are initiating awareness programs to prevent unwanted injuries from road accidents and provide efficient care to patients. For instance, as per the U.S. National Highway Traffic Safety Administration 2021 information, an expected 20,070 traffic fatalities were kept in the primary portion of 2021 in the US, an increment of 18.4% from the earlier year. Thus, North America held a significant share of the market in the year 2022.
• Some of the major players operating in the market include 3M; Convatec Inc.; Integra LifeSciences; Smith & Nephew plc; B. Braun SE; Coloplast Pty Ltd; Mölnlycke Health Care AB; Johnson & Johnson Private Limited; Harro Höfliger Verpackungsmaschinen GmbH; Cardinal Health.