Wound Irrigation Systems Market worth $347.3 Million by 2027 at a CAGR of 2.6% | Research by FMI


Posted September 23, 2022 by FMIHealthcareResearch

Wound Irrigation Systems Market Size worth $347.3 Million by 2027 at a CAGR of 2.6% | Research by FMI

 
Wound Irrigation Systems Market Outlook (2022-2032)

[250 Pages Report] The global wound irrigation systems market size is expected to reach a valuation of US$ 267.6 Mn by the end of 2022, and further expand at a CAGR of 2.6% from 2022 to 2032. The market is anticipated to reach a valuation of ~US$ 347.3 Mn by 2032. Acute wounds are leading the wound irrigation systems market in terms of product and held a share of about 58.2% in 2021.

Patients frequently seek out urgent care services, as well as emergency care with wounds and lacerations. According to the Centers for Disease Control and Prevention (CDC), in 2018, nearly 130.0 million people visited the emergency department in the U.S. and 35.0 million people visited due to injury-related issues in the same year.

Similarly, as per StatPearls, emergency rooms in the U.S. see 12.2 million patients annually for wound treatment and closure. An infection of the wound is the most frequent problem with wound care, and severe infections happen in 2.47% of wounds treated in the emergency room. The most effective wound care intervention for lowering the risk of infection is wound irrigation, which is a critical component of wound management.

Wound irrigation system manufacturers are set to have lucrative opportunities because of the increasing demand for novel medical solutions that assist in the treatment of acute and chronic wounds and promote wound healing. The need for more sophisticated cleaning methods in chronic wounds has also boosted the potential of various wound irrigation methods.

The widespread usage of wound irrigation saline for wound treatment is driving significant revenue growth for market participants. The wound irrigation systems market is thus expected to witness growth at a CAGR of 2.6% during the forecast period from 2022 to 2032.

Key Companies Profiled

Zimmer Biomet
Stryker Corporation
Centurion Medical Products
BSN Medical
Cooper Surgical Inc.
C. R. Bard, Inc.
Medtronic Plc.
Bionix
Westmed, Inc.
Becton, Dickinson, and Company
2012-2021 Global Wound Irrigation Systems Demand Outlook Compared to 2022 to 2032 Forecast

The global wound irrigation systems market held approximately 2.8% of the global advanced wound care market, which was worth ~US$ 9.4 Bn in 2021. Sales in the wound irrigation systems market expanded at a CAGR of 2.7% from 2012 to 2021 owing to the rising burden of wounds associated with the growing prevalence of chronic diseases.

The majority of adverse events encountered by patients getting medical care are infectious complications. The most frequently reported complication in the surgical field is surgical site infection (SSI), which is defined as a wound infection with microbes, mainly bacteria, within 30 days of a surgical procedure. Being one of the most prevalent nosocomial infections, SSI has been linked to a higher risk of mortality and morbidity, particularly in oncologic settings.

In addition, managing SSI places a significant financial strain on the healthcare system. Numerous recommendations for SSI prevention exist, which is a reflection of how serious this issue is. In order to lower the bacterial burden and physically eliminate cell debris, as well as trapped fluids, wound irrigation involves flushing the surgical incision with a solution. Wound irrigation is regarded as the most reliably effective approach for wound cleaning when compared with swabbing or washing.

Which Factors Are Restraining the Demand for Wound Irrigation Systems?

Healthcare practitioners choose traditional wound care products for the treatment of acute wounds as they are less expensive than advanced wound care solutions. However, as compared to more advanced wound care solutions, conventional wound care products have lower therapeutic efficacy.

Additionally, doctors only advise using advanced wound care items when conventional wound care products like gauze, sponges, and bandages fail to significantly improve the patient’s health. However, manufacturers of advanced wound care products frequently provide discounts or concessions for bulk orders, which helps to lessen the financial burden of these items.

Healthcare providers in remote areas are likely to have limited knowledge of the available treatment options for chronic wounds and their potential treatment methods, which are likely to reduce the demand for these items. Traditional wound irrigation methods are used to treat chronic wounds due to the lack of advanced healthcare systems and limited infrastructure in remote areas.

Additionally, there is a widespread belief among patients with chronic wounds that healing would proceed on its own if conventional methods are utilized. These factors are thus impeding the development of the global wound irrigation systems market.

Country-wise Insights

Why is the Demand in the U.S. Wound Irrigation Systems Market Growing?

“Prevalence of Surgical Site Infections to Push Sales of Wound Irrigation Products in the U.S.”

The U.S. dominates the North American region and held a market share of about 95.0% in 2021. It is expected to continue to experience the same growth rate throughout the forecast period. With the high prevalence of surgical site infections, rapid growth of healthcare infrastructure, and emergence of new infection control guidelines, closed wound irrigation methods are gaining traction in the country. The U.S. market is set to expand at a CAGR of 1.7% during the forecast period owing to the growing adoption of wound irrigation systems as the awareness of appropriate wound care grows.

How is Germany Progressing in the Wound Irrigation Systems Market?

“Independent Clinical Practices in Germany to Boost the Demand for Wound Irrigation Devices”

Germany held a share of about 4.7% in the global wound irrigation systems market in 2021. The country has a comprehensive healthcare plan, which provides reimbursements to patients for standard surgical procedures. With the availability of independent clinical practices within the country, Germany observes a greater adoption of advanced medical devices such as closed wound irrigation systems, for the prevention of cross-contamination from the wound site, to the patient, as well as the provider. This factor is further propelled by the presence of established infection prevention guidelines for every health system across Europe.

What Makes China a Highly Lucrative Wound Irrigation Systems Industry?

“Prevalence of Chronic Ulcers in China to Push Sales of Surgical Irrigation Solutions”

China held approximately 12.7% of share in the global market in 2021. According to Evidence-Based Complementary and Alternative Medicine (2018), China has about 1.77% of inpatients with persistent ulcers that do not heal. Chronic ulcers have had a significant negative impact on patients’ health, mental state, and quality of life because of the increasing occurrences and substantial therapy costs. Because of the above-mentioned factors, the nation is expected to witness the growing adoption of wound irrigation systems.

Category-wise Insights

Which is the Highly Preferred Type of Wound Irrigation System?

“Battery-operated Wound Irrigation Kits to Gain Momentum by 2032”

By product, the battery-operated segment held a share of around 59.1% in the global wound irrigation systems market in 2021, says FMI. Manufacturers in the global market are continually focused on developing battery-operated portable systems for enhanced wound care, and these devices can also be used in home care settings, thereby promoting the demand in the overall wound irrigation systems market.

Which is the Most Prevalent Type of Wound?

“Rising Prevalence of Acute Wounds to Spur Sales of Wound Drainage Systems”

By wound, the acute wounds segment held the highest market share of about 58.2% in 2021. Growing prevalence of chronic diseases such as diabetes, as well as associated burden of diabetic ulcers, are some of the major factors propelling the management of acute wounds. These, in turn, are increasing the demand for wound irrigation systems globally.

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Last Updated September 23, 2022