Skin Tear Treatment Market Size, Share, Forecast Report, 2020-2027

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The global skin tear treatment market is expected to witness a significant growth rate of around 6% during the forecast period. Skins tear injuries results in partial or full separation of the outer layer of the skin. The changes in the skin that occur with the aging process make the skin more fragile, wrinkled, and furrowed, resulting in a more prone area for any skin tears. Some skin tears are unavoidable; though, many are considered to be preventable. The prevention of skin tears is an important aspect of skin care practice for the care of the elderly and infants or dependent persons.



Factors such as old age, followed by falls and accidental injuries, impaired mobility, and cognitive deficit/dementia tend to drive the growth of the global skin tear treatment market. Additionally, increasing prevalence of cognitive and sensory impairment and increasing intake of steroids stimulate the growth of the market. further, increasing focus on research R&D will present new opportunities to the skin tear treatment market. However, low awareness regarding the correct skin tear treatment will majorly impact the growth of the market.



Segmental Outlook



The global skin tear treatment market is segmented on the basis of product type and end-user. Based on the product type, the market is segmented into hydrogels, foam dressing, acrylic dressing, calcium alginates, non-adherent mesh dressings, and others such as ionic silver dressings. Based on the end-user, the market is segmented into hospitals and clinics, ambulatory surgical centers, and homecare.



Hydrogels Segment is Estimated to Have Significant Market Share in the Market



The hydrogels segment is expected to contribute significantly to the market growth during the forecast period. The hydrogels are considered as an advanced wound dressing product and are a better approach as compared to conventional wound dressing products due to its efficacy in managing wounds by enabling faster healing. The segmental growth of the market is driven by the increasing geriatric population base. The US Census Bureau estimated that people aged over 65 years represented around 15% of the total population of the country in 2014. This share is further estimated to reach 21% by 2030 and 24% by 2060. The hydrogels are significantly considered for the treatment of skin tears in the elderly population. Hence the rise in the elderly population is anticipated to contribute to the segmental growth of the skin tear treatment market.



Regional Outlook



Moreover, the market is geographically segmented into North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific) and Rest of the World (RoW). North America is projected to have a prominent share in the market. The growth is attributed to the increasing incidence of pressure ulcers (PU) owing to aging populations coupled with increased per capita healthcare expenditure and the presence of major market players in this region.



Asia-Pacific is estimated to Exhibit Considerable Growth in the Market



The skin tear treatment market is rapidly expanding in the Asia-Pacific and witnessing a significant growth specifically in the countries including China, Japan, and India. As the population of India and China grows, its expanding share of older adults is particularly notable. The United Nations Population Division projects that India's population age 50 years and older will reach 34% by 2050. Between 2010 and 2050, the share of people aged over 65 and older is expected to increase from 5% to 14%, while the share in the oldest age group (80 and older) will triple from 1% to 3%. With the age dynamics, the skin tears cases among the population of Asia-Pacific are expected to grow, which in turn, is expected to propel the growth of the skin tears treatment market in the region.



Market Players Outlook



Some of the major players that contribute to the growth of the market include 3M Co., Advanced Medical Solutions Group PLC, ConvaTec Group PLC, McKesson Corp., M�lnlycke Health Care AB, AMERX Health Care Corp., Hollister Inc., Smith & Nephew PLC, and others. These market players are contributing to the market by adopting various market approaches including product launch and approvals, merger and acquisition, partnerships and collaborations, and others for gaining a strong position in the market.



Recent Developments



In October 2019, 3M Co. completed the acquisition of Acelity, Inc. and its KCI subsidiaries, a US-based company that focusses on wound care facilities. Through this acquisition, 3M Co. will advance its wound care segment, which is regarded as one of the most significantly growing segments across the globe.