The Alginate Dressings Market is expected to be worth US$ 1.1 Billion at a CAGR of 3.5% between 2020 to 2030. Healthcare is going the “digital” way. In other words, artificial intelligence (AI)-enabled medical devices and telemedicine are the concrete instances of the proliferation of the digital wave in the healthcare industry. This factor would be the one traversing the healthcare vertical in the forecast period.
Wound dressing plays a crucial role in healing and management. Alginate dressings are the most preferred products to treat pressure ulcers, leg ulcers, infected surgical wounds, etc. which has led to a surge in their demand.
The global alginate dressings market is projected to be valued at US$ 1.1 Bn in 2030 and is expected to exhibit a CAGR of 3.5% during the forecast period (2020 – 2030).
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Companies covered in Alginate Dressings Market Report
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Key Takeaways from Alginate Dressings Market Study
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Consolidation Activities: Imperative Strategy for Market Players
An increase in market consolidation activities by market players, including collaborations and partnerships, are characteristics of the overall competition among global alginate dressings market players. Manufacturers are focusing on collaborations with research institutes and universities to drive research & development in advanced wound care. For instance, in July 2017, Smith & Nephew collaborated with the University of Hull to drive research in the field of advanced wound care.
What else is in the report?
Persistence market research offers actionable insights and a unique perspective on the alginate dressings market, in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020–2030, based on alginate dressing type (antimicrobial alginate dressings and non-antimicrobial alginate dressings), indication (chronic ulcers and non-healing surgical wounds), and distribution channel (institutional sales and retail sales), across seven key regions.