Oral Hydrogel Wound Dressing Market Trends

Growth Drivers

• Rising R&D on Novel Hydrogels – As the number of chronic and acute wounds is increasing owing to accidents, injuries, and trauma, massive investment is made in developing advanced oral hydrogel wound dressing products. Hence, the rising number of research and development on oral hydrogel wound dressing has led to better advancement in the treatment of acute and chronic wounds and created positive opportunities for market expansion. For instance, a recent study investigating the creation of novel chitosan hydrogels with advantageous strength properties was published in Carbohydrate Polymers. The study has been carried out by chemists from Tiangong University in China.

• Increasing Geriatric Population – With people aging, their body weakens and organs deteriorate. As a result, the wounds require a much longer time to heal, generating the need for oral hydrogel wound dressings. Therefore, the rising geriatric population is attributed to bringing lucrative growth expansion for market growth. As per the data released by United Nations, the number of people over 60 in 2019 was 1 billion worldwide. Furthermore, this number is forecasted to increase to 1.4 billion by 2030 and reach 2.1 billion by 2050.

• Increasing Number of Burn Cases - According to the World Health Organization, every year, across the world, an estimated 180,000 deaths are caused by burns, which primarily occur in the workplace and home.

• Growing Number of Accidental Emergencies - Based on statistics released by the World Health Organization, approximately 1.3 million people die in road accidents every year.

• Increasing Prevalence of Post-Surgical Wounds - It is estimated that the possibilities of a patient developing a surgical site infection after surgery are between 2%-7% and the same type of infection is estimated to gross above 18% in the case of contaminated wounds.

Challenges

• The high cost associated with the treatment is restraining the population with middle income to adopt oral hydrogel wound dressing. Further lack of proper reimbursement policies is further pushing away consumers from utilizing oral hydrogel wound dressing during the assessment period.
• Technological Challenges
• Growing Concern in Patients for Urgent Treatment