Foam Dressing Market – Dynamics
Rising number of trauma and traffic accident cases along with cumulative number of surgeries performed around the globe is anticipated to boost growth of the Foam Dressing Market. For instance, according to a report published in World Bank 2014, around 78.2 million people are injured due to traffic road accidents each year and as many as 1.3 million people have died. Also, this number is expected to increase by 65% in the next 20 years.
The flexibility of foam dressing allows for a broad variety of medical applications with wounds that have heavy to moderate exudate, makes it easy to use, and can be easily cut to fit for irregular wound areas. These are also good dressing option for partial or full-thickness wounds that have moderate or more drainage.
Moreover, increasing surgical cosmetic procedures around the globe is expected to propel growth of the foam dressing market. For instance, according to The International Society of Aesthetic Plastic Surgery 2016 survey report, an overall increase of 9% was observed in surgical and non-surgical cosmetic procedures from 2015 to 2016.
A typical wound dressing plays an important role in the healing process. Dressing protects the affected area from bacteria and other harmful particles and provides an environment for healthy healing. Foam dressing is effective for managing exuding wounds by providing a moist environment conducive to the wound healing and reducing dressing pain and discomfort.
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Foam dressing are made up of semipermeable polyurethane. The interaction region of a foam dressing is non-linting and no-adherent, which makes them easy to remove than other wound dressings. Foam dressing has outer layer that is often hydrophobic or waterproof, which keeps out harmful bacteria and other particulates. Foam dressing can be used for surgical wounds, skin graft, minor burns, abrasions, infected wounds, lacerations, draining peristomal wounds, and leg ulcers. Adhesive foam dressings and non-adhesive foam dressings are available in the market.
Furthermore, introduction of new products by key players is expected to propel growth of the foam dressing market. For instance, in 2016, ConvaTec, a leading medical technology company, launched Foam Lite, a light, flexible foam dressing developed for low to non-exuding chronic and acute wounds such as skin tears, partial thickness burns, and skin abrasions which do not require the absorbency of regular foam dressings. However, high cost in comparison to normal dressing and restricted use of foam dressings in third degree burn, sinus tracts and dry eschar is expected to hamper the growth of foam dressing market
Foam Dressing Market – Regional Insights
Based on regions, the global foam dressing market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America holds the dominant position in the foam dressing market, owing to quick adoption of technological advance products and approval of the foam dressing kits for combinational therapy by the U.S FDA is expected to propel market growth in the region.
For instance, in 2015, 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 expected to show significant growth in the foam dressing market, owing to rising injury and trauma cases in the region. For instance, according to the Indian Ministry of Road Transport & Highways Transport, around 4,80,652 road accidents occurred in 2016, claiming 1,50,785 lives and 4,94,624 people were injured.
Foam Dressing Market – Competitive Landscape
Key players operating in global foam 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 players are engaged in strategies such as mergers, acquisitions, partnerships, and new product launches to increase their product portfolio and to sustain their presence in the market. For instance, in 2017, Medline Industries, Inc. acquired Centurion Medical Products. Centurion Medical Products manufactures portfolio of vascular insertion trays and best-in-class securement dressings that complement the Medline ERASE BSI solutions.
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