The Hong Kong wound dressing market is forecasted to generate $27.1 million revenue by 2024, progressing at a CAGR of 5.5% during the forecast period. Read more: https://www.psmarketresearch.com/market-analysis/hong-kong-wound-dressing-market

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Wound Dressing Market in Hong Kong to
Reach $27.1 Million by 2024
Healthcare

2. 2© P&S Intelligence. All rights reserved
The Hong Kong wound dressing market is forecasted to generate $27.1 million revenue by 2024,
progressing at a CAGR of 5.5% during the forecast period. Factors driving the growth of the market
include growing geriatric population, increasing prevalence of diabetes, increasing prevalence of
chronic wounds, and high incidence of traumatic injuries.
Based on type, the Hong Kong wound dressing market is bifurcated into traditional and advanced
wound dressings. Traditional wound dressings held larger share in the market, contributing a
revenue share of 69.7%, in 2018. This can be attributed to the low cost of these dressings, and
increasing number of road accidents and injuries in the region.
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kong-wound-dressing-market/report-sample
The Hong Kong advanced wound dressing market is further categorized into foams, hydrocolloids,
films, alginates, antimicrobials, hydrogels, collagen, hydrofiber, wound contact layers,
superabsorbents, negative pressure wound therapy (NPWT), and others. Among these, foams held
the largest share, of 25.5%, in the market in 2018, mainly on account of the fact that wound
management with foams reduces the need to change the dressings frequently. The demand for
foam dressings is expected to observe the fastest growth in the market, with a CAGR of 6.0%,
during the forecast period.
As per the data provided by the Transport Department, Government of Hong Kong, the total
number of causalities reported due to road accidents increased from 18,138 in 2009 to 20,132 in
2016. Traumatic injuries are severe, require immediate medical attention, and increase patients’
susceptibility to infections. Since traumatic injuries caused by road accidents result in high demand
for wound dressing products, the high incidence of such injuries continues to drive the growth of
the advanced wound dressing market in Hong Kong.
Key players operating in the Hong Kong wound dressing market are acquiring other players to
strengthen their product portfolio and increase their market share. For instance, in May 2019, 3M
Company entered into a definitive agreement to acquire Acelity Inc. and its KCI subsidiaries. The
acquisition is expected to help the company to expand its medical solutions business and support
its strategy to offer comprehensive advanced and surgical wound care solutions.

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Some of the key players in the Hong Kong wound dressing market are Coloplast A/S, Paul
Hartmann AG, Winner Medical Co. Ltd., Smith & Nephew plc, ConvaTec Group PLC, Allmed
Medical Products Co. Ltd., Zhende Medical Co. Ltd., and Wayson Medical Co. Ltd.
The report also provides insights about regulatory framework and product pricing, associated
with the Hong Kong wound dressing market.
Browse full report at: https://www.psmarketresearch.com/market-analysis/hong-kong-
wound-dressing-market
HONG KONG WOUND DRESSING MARKET SEGMENTATION
Market Segmentation by Type
 Traditional
o Bandages
o Gauzes
o Sponges
o Abdominal Pads
o Others
 Advanced
o Foams
 By hospital type
 By prescription mode
o Hydrocolloids
 By hospital type
 By prescription mode
o Films
 By hospital type
 By prescription mode
o Alginates
 By hospital type
 By prescription mode
o Antimicrobials
 By hospital type
 By prescription mode
o Hydrogels
 By hospital type
 By prescription mode
o Collagen
 By hospital type
 By prescription mode
o Hydrofiber

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 By hospital type
 By prescription mode
o Wound contact layers
 By hospital type
 By prescription mode
o Superabsorbents
 By hospital type
 By prescription mode
o Negative pressure wound therapy (NPWT)
 By hospital type
 By prescription mode
o Others
Market Segmentation by Application
 Chronic Wounds
o Diabetic foot ulcers (DFUs)
o Venous leg ulcers (VLUs)
o Pressure ulcers
o Others
 Acute Wounds
o Surgical and traumatic wounds
o Burns
Market Segmentation by End User
 Hospitals and Specialty Clinics
o Inpatient settings
o Outpatient settings
 Home Healthcare
 Long-Term Care Settings
Market Segmentation by Distribution Channel
 Pharmacies
 Online Channels

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