North American Wound Dressing market is estimated to grow at a CAGR of over 5% during the forecast period. Major economies that contribute to the market include the US and Canada. The growing incidence of pressure ulcers (PU) owing to aging populations, increased per capita healthcare expenditure and the presence of major market players are driving the market in this region. According to the World Economic Forum in 2018, North America is one of the strong economies that comprise around 28% of the world economy which is one of the factors affecting the healthcare market. As per OECD, the US spends almost 17.2% of GDP on healthcare expenditure, whereas Canada spends 10.6% of GDP on healthcare.

Canada is estimated to contribute a moderate share in the wound dressing market. Factors that are driving the market growth include increasing healthcare expenditure and the significant number of emergency room visits in the country. Injuries such as fall, sports, inanimate, animate and on-road are the major types causing emergency room visits in Canada. According to the Ontario Injury Prevention Resource Centre, fall is the leading cause of injury in Ontario with a total of 850,003 injuries during 2014-16. Inanimate, sports, animate and on-road caused 698,882, 318,129, 212,889 and 129,727 injuries during 2014-16. Therefore, these emergency room visits leading to the demand for wound dressing in the country.

The North American wound dressing market is segmented on the basis of product and application. On the basis of product, the wound dressing market is categorized into two types including advanced wound dressing and traditional wound dressing. Advanced wound dressing held the highest share in 2018. Further, on the basis of application, the market is segmented into surgical wounds, traumatic wounds, ulcers, and burn.

The key players in the North American wound dressing market include 3M Co, AMD Medicom Inc., Andover Healthcare Inc., ASO Inc., Cardinal Health, Inc., and others. These market players have a strong product portfolio which contributes to their business growth. Major strategies adopted by these market players include merger & acquisition, product launch, and geographical expansion. These market players are significantly contributing to the global Wound Dressing market. 

Research Methodology

The market study of the North American wound dressing market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for hospitals, private companies, research institutes and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, growth opportunity in the market and product types. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. North American Wound Dressing Market Research and Analysis by Product
2. North American Wound Dressing Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the North American wound dressing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American wound dressing market.
• Insights about market determinants which are stimulating the North American wound dressing market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.