Industry Analysis & Industry Trends
In a bind: Aging consumers will drive demand, but regulation will pressure profit
The Wound Care Product Manufacturing industry has enjoyed revenue growth recently and will continue expanding in the years ahead. Growth has been driven by an increase in demand for advanced wound care products that are used by hospitals and doctors due to a rise in chronic conditions, such as diabetes and obesity, that often necessitate the regular use of wound care products. The aging US population is a major factor driving demand, as the occurrence of health issues that require wound care products is higher in elderly populations. The industry, however, will have to contend with the changing regulatory environment.... purchase to read more
Industry Report - Industry Analysis Chapter
The Wound Care Product Manufacturing industry has expanded in the past five years. Between 2006 and 2011, revenue has increased at an average annual rate of 3.3% to total $4.4 billion. In 2011 alone, revenue is set to grow 5.2%.
The industry has not experienced double-digit growth since 2006 due to mounting competition, consolidation and healthcare cost-control efforts. Nonetheless, sales are indeed increasing, particularly bolstered by an aging population that faces more health problems. This age group contributes significantly to demand for wound care products, especially for those associated with chronic conditions, such as diabetes, obesity, heart failure and chronic wounds. Thi... purchase to read more