TRADITIONAL WOUND MANAGEMENT MARKET ANALYSIS

The global traditional wound management market is estimated to be valued at US$ 2,080.8 million in 2023 and is expected to exhibit a CAGR of 3.4% during the forecast period (2023-2030).

Analysts’ Views on Global Traditional Wound Management Market:

The traditional wound management is the first step in treating a wound. All around the world, it is very common, safe and easy to use. Traditional wound management involves cleaning the wound with mild antiseptic solutions, removing any debris or foreign objects, and applying a sterile dressing to protect it from further contamination. This approach has been practiced for centuries and is widely accepted due to its effectiveness in preventing infection and promoting healing. Additionally, traditional wound management techniques are often accessible and affordable, making them suitable for various healthcare settings globally. Globally, the market of traditional wound management is increase due to increase rate of burn and wound cases, and easy availability of traditional wound management products in many regions. Traditional wound management techniques, such as herbal remedies and natural dressings, have gained popularity among individuals seeking alternative and holistic approaches to healing. These techniques often utilize locally available resources and have been passed down through generations, making them culturally relevant and easily adaptable to different communities.

Figure 1. Global Traditional Wound Management Market Share (%), by Product Type, 2023

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Global Traditional Wound Management Market– Driver

Research on New kind of Bandages for the Wound Management

To meet the needs of patients, U.S. researchers have developed a novel smart bandage with biosensors that can help heal chronic wounds, like diabetic ulcers, and burns. The smart bandage developed by researchers at the California Institute of Technology (Caltech) may make treatment of these wounds easier, more effective and less expensive. Unlike a typical bandage, which might only consist of layers of absorbent material, smart bandages are made from a flexible and stretchy polymer containing embedded electronics and medication.

Figure 2. Global Traditional Wound Management Market Value (US$ Million), by Region, 2023

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Global Traditional Wound Management Market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global Traditional Wound Management market over the forecast period. North America is estimated to hold 30.4% of the market share. The growing prevalence of burns and wounds directly impacts the increased demand for the traditional wound management market. For instance, according to the Children’s Safety Network 2021, nearly 300 children and adolescents die from fire or burn injuries each year, and over 100,000 are admitted to a hospital or treated in an emergency department. Fires and burns are the fifth leading cause of unintentional injury-related deaths to children ages <1-19 in the U.S.

Global Traditional Wound Management Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global Traditional Wound Management market. During COVID-19, the traditional wound management market increased as people avoided visiting the hospital to prevent the spread of the SARS-CoV-2 virus and opted for self-care methods at home. This shift in behavior led to a surge in demand for over-the-counter wound care products, such as bandages, antiseptics, and ointments. Additionally, telemedicine platforms and virtual consultations also gained popularity as healthcare professionals provided guidance and advice on wound management from the comfort of patients' homes. 

Global Traditional Wound Management Market Segmentation:

The global traditional wound management market report is segmented into by Product Type, by Application, by End User, and by Region.

By Product Type, the market is segmented into Bandages, Gauzes, and Sponges. Out of which, the bandages segment is expected to hold a dominant position in the traditional wound management market during the forecast period and this is attributed to the increasing usage, and easy to apply in affected area without any concern.

By Application, the market is segmented into Skin and Diabetic Ulcers, Burns, Surgeries, Trauma, and Others (skin cuts, primary dressings etc.). Out of which, the burns segment is expected to hold a dominant position in the traditional wound management market during the forecast period and this is attributed to the increasing prevalence rate of burn rate all over the world.

By End User, the market is segmented into Hospital, Clinics, Homecare Setting, and Ambulatory Surgical Centers. Out of which, the hospital segment is expected to dominate the market over the forecast period and this is a result of the hospital facilities' increased ability to treat burns and wounds.

Among all the segmentations, the product type segment has the highest potential due to the increasing usage of bandages over the forecast period. Commercial cotton gauze bandages are applied on wounds to prevent contact with dust and/or pathogens, while ensuring enough aeration for accelerated wound healing. More often than not, these bandages are used in conjunction with antiseptic (topical) agents to avoid any post-dressing infections. Additionally, healing medications need to be orally administered to accelerate the healing process and manage the pain. Mechanical debridement remains a problem upon removal of the wound dressing material which leads to delayed healing.

Global Traditional Wound Management Market Cross Sectional Analysis:

Rising prevalence rate of burns and wounds cases, and also easy-to-use, cost effective bandages in emerging economies is expected to boost demand for traditional wound management in these regions. For instance, according to the Polish Journal of Surgery 2020, a randomized clinical trial was conducted on patients with an non-displaced extra-articular fracture (NDEA) fracture of the distal radius, and it was found that bandage is the more appropriate treatment option for NDEA fractures of distal radius.

Global Traditional Wound Management Market: Key Developments

In August 2022, 3M Health Care, a manufacturer and distributor of industrial products and solutions, has advanced the delivery of 3M Veraflo Therapy. A new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M V.A.C. Ulta Therapy Unit was introduced at no increase cost to the customer. These new offerings help simplify the care delivery processes for clinicians using Veraflo Therapy (negative pressure wound therapy with instillation) and help make dressing changes easier, faster, and less painful for their patients as compared to previous Veraflo Therapy dressings.

Global Traditional Wound Management Market: Key Trends

Research analysis on the wound and bandages can drive the growth of market

The research analysis on wounds and bandages is the key factor for the market expansion of medical supplies and healthcare products. This research analysis provides valuable insights into the effectiveness of different types of bandages in treating various types of wounds. It helps medical supply companies and healthcare product manufacturers identify the most in-demand products and develop innovative solutions to meet the needs of healthcare professionals and patients. Additionally, this research also plays a crucial role in improving patient outcomes by ensuring that medical supplies and healthcare products are designed to effectively promote wound healing and prevent infections. For instance, in 2021, Plants Journal, the green synthesis of nanoparticles using known medicinal plants is a non-toxic approach in the production of biocompatible nanoparticles which is also cost effective, making it affordable for low resource Africa countries to utilize these strategies to develop alternative treatments. Therefore, the development of novel nanomaterials exhibiting impressive wound healing activity.

Global Traditional Wound Management Market: Restraint

New Alternative for Traditional Wound Management

Traditional wound management is the traditional way to treat wounds by using traditional methods, like bandages, gauze, or sponges. These methods are commonly used to cover and protect the wound, promote healing, and prevent infection. However, with advancements in the medical technology, there are now more modern and innovative approaches available for wound management that offer improved outcomes and faster healing times.

To fight with the current competition of traditional wound management, certain steps should be taken, like easy availability, affordable pricing, and effective results. In addition, it is crucial to prioritise research & development to continuously improve the quality and efficacy of wound management products. Furthermore, creating awareness among healthcare professionals and patients about the benefits of these advanced wound management solutions can greatly contribute to its widespread adoption. 

Global Traditional Wound Management Market- Key Players

Major players operating in the global traditional wound management market include Smith & Nephew plc, B. Braun Melsungen AG, Johnson & Johnson Pvt. Ltd., Medtronic Plc., Cardinal Health, Derma Sciences Inc., Paul Hartman AG, Molnlycke Health Care, Medline Industries, Inc., DUKAL Corporation, BSN Medical, H.B. Fuller, CURAD, and 3M Health Care.

*Defination: Traditional wound care involves the use of gauze, lint, and cotton dressings. The use of traditional wound dressing materials can be traced back to ancient Egypt where they were used extensively. These materials are still widely used today due to their effectiveness in absorbing blood and promoting healing. However, advancements in medical technology have led to the development of modern wound dressings that offer additional benefits such as better moisture control and infection prevention.