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North America’ s Wound Debridement Products Market Anticipated to Garner US $ 307.8 Million by 2024
Health risks of unattended wounds or undue exposure to infected tissues are becoming an alarming concern in the healthcare industry of North America. Ineffectiveness of conventional wound care products continues to impede the surgical improvement of patients being treated with infected diseases. In North America, growing expenditure on healthcare facilities and invasive surgeries compels medical organizations to improve recuperation processes such as tissue regeneration through the use of wound debridement products. According to a recent study undertaken by Persistence Market Research, total market revenues procured by sales of wound debridement products in North America are estimated to reach US $ 307.8 million by the end of 2024.
Persistence Market Research’ s report, titled“ Wound Debridement Products Market: North America Industry Analysis & Forecast, 2016-2024,” includes key findings that indicate North America’ s wound debridement products market to expand at a steady 6.9 % CAGR throughout the forecast period 2016-2026. According to the report, an estimated US $ 171.8 million revenues have been attained in North America through wound debridement products sales in 2015. Over the projection period, a majority of North America’ s wound debridement products revenues will be accounted by the US healthcare sector as Canada is anticipated to attribute just over 10 % of the gross market value.
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Top Research Findings on North America’ s Wound Debridement Products Market
� In US, surging need for the application of wound debridement products in treatment of chronic ulcers is expected to account for the highest revenue share through 2024.
� By the end of 2024, the US wound debridement products market is projected to be valued over US $ 250 million.
� On the other hand, the wound debridement products revenues attained from Canada are expected to exhibit an estimated US $ 1.3 million increment in terms of revenues, between 2016 and 2017.
� Availability of a vast patient pool in North America serves as a favorable quotient for the growth of its wound debridement products market.
� Nevertheless, complications arising from Medical adhesive-related skin injury( MARSI) is projected to inhibit the growth in demand for wound debridement products in North America.
The growth of North America’ s wound debridement products market has been analyzed on the basis of various types of products, considering their effectiveness, affordability and preference as key determinants of growth. In 2016 and beyond, mechanical debridement pads and traditional wound debridement devices will collective account for nearly 50 % of the market revenues. Meanwhile, the market value share of surgical wound debridement devices is projected to drop from nearly 20 % in 2016 to just over 15 % by the end of 2024.
North America Wound Debridement Products Market by 2024