The new report by Expert Market Research titled, ‘Global Skin Tears Treatment Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global skin tears treatment market, assessing the market based on its segments like products, skin tear types, factors, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 5.7%
The market for skin tears treatment is being significantly supported by the North America region. The region is expected to hold the largest market share as a result of high skin tear occurrence levels owing to chronic and acute wounds. Within North America, the United States has a high presence of advanced healthcare facilities. This is expected to affect the market growth positively. The Asia Pacific region is anticipated to become a significant market over the forecast period owing to the developments in wound care and enhancements in the healthcare infrastructure.
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Industry Definition and Major Segments
Skin tears is a common problem faced by the ageing population when the skin is more fragile and drier, making the treatment for skin tears a significant condition in preventing further infection spread. A skin tear is a kind of tear that occurs when the skin is very thin.
The market is divided based on product into:
• Non-Adherent Mesh Dressing
• Foam Dressing
• Hydrogels
• 2-Octyle Cyanoacrylate Topical Bandage
• Calcium Alginates
• Gelling Fibres
• Acrylic Dressing
• Methylene Blue and Gentian Violet Dressings
• Ionic Silver Dressings
• Others
Based on skin tear type, the industry can be categorised as follows:
• Type 1
• Type 2
• Type 3
By factor, the market can be segmented into:
• Intrinsic
• Extrinsic
The end-uses of the market can be categorised into:
• Hospitals
• Ambulatory Surgical Centres
• Clinics
• Others
The regional markets for skin tears treatment can be divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The market for skin tears treatment is being driven by several factors like technological developments, favourable measures taken by the government, ageing population, and the rising need for rapid and safer treatment of acute and chronic wounds. The market is further being influenced by the rising prevalence of many lifestyle disorders causing chronic wounds, such as venous leg ulcers, diabetic foot ulcers, and pressure ulcers, which is fueling the market growth of skin tears treatment. In addition, the ongoing attempts to reduce hospital stay so as to decrease the surgical health costs and a rising attraction to therapies, which boost medical results, are assisting the market expansion of skin tears treatment.
Key Market Players
The major players in the market are 3M Company (NYSE: MMM), Mölnlycke Health Care AB, ConvaTec Inc. (OTCMKTS: CNVVY), Covalon Technologies Ltd. (OTCMKTS: CVALF), and Smith & Nephew, Inc. (NYSE: SNN), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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