Market Trends of Enzymatic Wound Debridement Industry
This section covers the major market trends shaping the Enzymatic Wound Debridement Market according to our research experts:
Collagenase-Based Enzymatic Wound Debridement Products are Expected to Witness Rapid Growth in the Market Over the Forecast Period
Collagenase-based enzymatic wound debridement products are predominantly used for healing surgical wounds. Most surgical wounds after cancer surgery are relatively large and deep, which generates exudate that needs regular supervision. Thus, the proper use of these products helps handle large wounds, which substantially reduces the risk of infection. Therefore, the rising incidence of chronic diseases is anticipated to increase the demand for enzymatic wound debridement products, thereby propelling market growth over the forecast period. According to the study titled published in Diabetes Research and Clinical Practice in February 2021, in Germany, the cumulative diabetic foot ulcer recurrence rate was around 70% over a 15-year period, and patients who have had an ulcer before are more likely to experience another one in the future. Thus, an increased recurrence rate of DFU is expected to boost segment growth over the forecast period.
Moreover, several studies have focused on the use of collagenase-based enzymatic wound debridement products in chronic wound healing. For instance, an article titled published in January 2022 by PubMed indicated that the combined action of hyaluronic acid and collagenase ointment demonstrated a reduction in healing time while improving healing quality, with a decrease in pain. Such studies are expected to boost market growth over the forecast period. Furthermore, an increasing number of accidents, such as road accidents, burns, and trauma, across the world is also projected to propel growth. For instance, as per the French Road Safety Observatory 2022 update, the number of injury accidents recorded by police forces was 3,728 in January 2022, higher than last year's result (3,508 accidents). Further, as per the Government of UK 2021 update, 11,194 cases were reported for shallow cuts, lacerations/abrasions in the road casualties that occurred in 2021. As per the same source, 524 cases of severe head injury, 968 cases of deep cuts/lacerations, and 276 cases of severe chest injury were reported. As accidents and injuries are increased the chance of using collagenase-based enzymatic wound debridement products is also raised which is likely to boost the market growth.
Hence, due to the rise in chronic wounds, the number of accidents, and technological advancements in the products, the collagenase-based enzymatic wound debridement product segment is likely to witness growth in the market over the forecast period.
North America is Expected to Grow the Enzymatic Wound Debridement Market Over the Forecast Period
North America is expected to witness growth in the overall market, throughout the forecast period owing to the factors such as the presence of key players, the high prevalence of chronic diseases and accidents in the region, and the established healthcare infrastructure. For instance, according to the IDF Diabetes Atlas Tenth edition, in 2021, around 32.2 million people in the United States had diabetes, projected to grow to 36.3 million by 2045. The rising number of diabetic cases is expected to increase the number of diabetic ulcer cases and contribute to market growth in the studied region.
Furthermore, as per the data published by BLS in 2021, private industry employers reported 2.6 million nonfatal workplace injuries and illnesses in 2021. Hence, as the number of injury cases increases the demand for enzymatic wound debridement products increases, thereby boosting the market growth over the forecast period. Moreover, product launches, conferences regarding the clinical outcome, acquisitions, and collaborations in the field of enzymatic wound debridement market are likely to boost the market growth over the forecast period. For instance, in April 2022, MediWound Ltd. presented a poster and oral presentation of its EscharEx clinical data at the 35th Symposium on Advanced Wound Care (SAWC) Spring Conference. EscharEx is an innovative enzymatic solution for the debridement of hard-to-heal wounds.
As a result of the increase in chronic wounds, the number of accidents, and technological advances in the products, the enzymatic wound debridement market in North America is expected to grow over the forecast period.
