Hong Kong Wound Dressing Market Set for Prosperity in Future

 As per a report by P&S Intelligence, the Hong Kong wound dressing market reached a value of $38.9 million, and is projected to exhibit a CAGR of 5.9% during the forecast period (2020–2030). The major factors leading to the growth of the market are rising prevalence of diabetes, increasing incidence of traumatic injuries, and growing geriatric population. On the basis of type, the market is divided into traditional and advanced, between which, the advanced category dominated the market in 2019.  

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Advanced wound dressing is highly advantageous for traumatic injuries that are severe and need prompt medical attention to reduce the patient’s susceptibility to infections. Moreover, this dressing type regulate the moisture level and absorb exudate around the wound, and hence protects the wound base and the tissue around it. The advanced division is further categorized into films, foams, hydrocolloids, alginates, superabsorbents, hydrogels, wound contact layers, collagen, hydrofiber, and negative pressure wound therapy, among which, foam held the largest share of the market in 2019.  

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A major factor leading to the growth of the Hong Kong wound dressing market is the rapidly rising prevalence of diabetes in the country. Diabetes can often lead to diabetic foot ulcer, which is a chronic complication of diabetes mellitus. In order to manage this disease frequent dressings are required. Hence, as the number of people suffering from diabetes will rise in Hong Kong, the need for wound dressing will grow as well. 

Hence, the market is registering growth due to the surging prevalence of diabetes and rising preference for advanced wound dressing in Hong Kong. 


Location: United States

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