The global market for vascular dressings is expected to witness steady growth during the forecast period of 2020-2030. As per a World Health Organization (WHO) report 1.4 million population around the world are suffering from a nosocomial infections at any one time. Based on the product, the antimicrobial vascular dressing segment may be expected to register a robust growth in the global vascular dressing market owing to patients’ preference. Based on the end users, hospitals may be expected to hold the majority of share in the global market of vascular dressings since these would witness maximum patient footfall.
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The international vascular dressings treatment market is segmented based on product, end user and region.
By product, the global vascular dressings market is segmented as:
By end users, the global vascular dressings market is segmented as:
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The major driver for the global market of vascular dressings will be hospital acquired infections at needle site. For instance in the United States, approximately 9.2 out of each 100 hospitalized persons contact a nosocomial infection. Hospitalizations generally lead to needle insertion wound which would require vascular dressings.
Hence rising road accidents, rising birth related hospitalizations, growing chronic diseases related hospitalizations will all contribute in the growth of the global vascular dressings market. Another driver for the growth of the global vascular dressings market could be rising occurrence of epidemics of infectious diseases which result in hospitalizations. Accessibility and affordability in the remote parts of the underdeveloped parts of the world may hamper the growth of the global market of vascular dressings.
The key players for the global vascular dressings market Beckton, Dickinson and Company, Vancive Medical Technologies (Avery Dennison), BSN Medical (Essity), Richardson Healthcare, Derma Sciences, Mölnlycke Health Care, Smith & Nephew, 3M, B Braun, Systagenix, Reliamed, Medline among others.
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North America can be estimated to dominate the global vascular dressings market based on high number of surgeries due to cardiovascular and other conditions in the region. Europe can be expected to be leading second in the global vascular dressings market based on its growing geriatric population who are more prone to surgeries and hospitalizations which leads to IV insertion wounds.
Asia Pacific may be the leading market in the emerging markets in the global vascular dressings market owing to increasing heart related conditions, road accidents (all of which lead to hospitalizations and eventually IV wound) in countries like China and India. Middle East and Africa would also be contributing significantly to the global vascular dressings market due to hospitalizations because of many epidemic diseases in the region.
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