Wound Irrigation Solutions Market Growth Opportunities by 2027

Wound Irrigation Solutions Market to 2027 - Global Analysis and Forecasts By Product (Wetting Agents, Antiseptics and Topical Antibiotics); End User (Hospitals & Clinics, Ambulatory Surgical Centers and Homecare Facilities), and Geography

Publication Month : Aug 2019

  • Report Code : TIPRE00006465
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 128
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The wound irrigation solutions market was valued at US$ 1,580.14 million in 2018 and it is projected to reach US$ 2,153.51 million in 2027; it is expected to grow at a CAGR of 3.5% from 2019 to 2027.

Wound irrigation refers to the process of passing normal saline over a wound before the method of wound treatment. Wound irrigation solutions help in the removal of cellular debris and pathogens on the surface of a wound. Wound irrigation solutions are highly preferred since they come along with less side effects and offer better results in eradicating the chances of a potential infection at the site of wound. The growth of the global wound irrigation solutions market is attributed to the rising number of road accidents and rising cases of burn. However, lack of reimbursements is the major factor hindering the market growth.

The global wound irrigation solutions market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.

Lucrative Regions for Global Wound Irrigation Solutions Market



Lucrative Regions for Global Wound Irrigation Solutions Market
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Market Insights

Rising Number Of Road Accidents to Drive Global Wound Irrigation Solutions Market Growth

The road accidents are the leading traumatic events that helps to upsurge the market for wound irrigation solutions worldwide. Across the world, the traffic and the roads are shared by cars, buses, trucks, motorcycles, mopeds, pedestrians, animals, taxis, and other modes of travel. According to the Centers for Disease Control and Prevention (CDC) data published in 2016, stated that road accidents injuries lead to a substantial economic burden on the lower and middle-income countries. For instance, it was expected that the approximate cost of US$ 518 billion across the globe and near around US$ 65 billion in the lower income and middle-income countries.

The road accidents injuries cause the open bone fracture in the different parts of the body. Also, other conditions that caused injuries include the people who experience spinal cord paralysis, head brain injuries, facial disfigurement, wrist & arm injuries, and more. In order to remove bacteria from contaminated tissues, the injuries are first treated with debridement by irrigation of a wound surface with irrigation solutions. At present, among all the irrigation solutions, povidone iodine, normal saline, amikacin are widely used in the hospitals. When performed properly, wound irrigation can enhance wound healing by reducing infection and its attendant morbidities. The wound irrigation is a vital part of wound management and it is the single greatest intervention in wound care that can reduce the risk of infection. Thus, increasing rate of road accidents helps to increase the growth of the wound irrigation solutions market in the forecast period.

Product -Based Insights

In terms of product, the global wound irrigation solutions market is segmented into wetting agents, antiseptics and topical antibiotics. In 2018, the wetting agents segment held largest share of the market. However, the antiseptics segment is estimated to grow at the fastest rate during the forecast period.

Global Wound Irrigation Solutions Market, by Product – 2018 and 2027



Global Wound Irrigation Solutions Market, by Product – 2018 and 2027
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End User-Based Insights

In terms of end user, the global wound irrigation solutions market is segmented into hospitals & clinics, ambulatory surgical centers and homecare facilities. The hospitals & clinics segment held the largest share of the market in 2018, and the same segment is estimated to grow at the fastest rate during the forecast period.

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Wound Irrigation Solutions Market: Strategic Insights

wound-irrigation-solutions-market
Market Size Value inUS$ 1,580.14 Million in 2018
Market Size Value byUS$ 2,153.51 Million by 2027
Growth rateCAGR of 3.5% from 2019-2027
Forecast Period2019-2027
Base Year2019
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The global wound irrigation solutions market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

Global Wound Irrigation Solutions Market – by Product

  • Wetting Agents
  • Topical Agents
  • Antiseptics

Global Wound Irrigation Solutions Market – by End- User

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Homecare Facilities

Global Wound Irrigation Solutions Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • C.R Bard (BD)
  • B. Braun Melsungen AG
  • ConvaTec Group PLC
  • Schülke & Mayr (AIR LIQUIDE)
  • Smith & Nephew
  • NovaBay Pharmaceuticals, Inc
  • Medline Industries, Inc.
  • Cardinal Health, Inc.
  • Reckitt Benckiser Group plc.
  • Coloplast Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product ; End User , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. C.R Bard (BD)
  2. B. Braun Melsungen AG
  3. ConvaTec Group PLC
  4. Schülke & Mayr (AIR LIQUIDE)
  5. Smith & Nephew
  6. NovaBay Pharmaceuticals, Inc
  7. Medline Industries, Inc.
  8. Cardinal Health, Inc.
  9. Reckitt Benckiser Group plc.
  10. Coloplast Group

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  1. Data Collection and Secondary Research:

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Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

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  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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