Wound Dressing Industry is Expected to Reach USD 6,012.4 Million Globally in 2017: Transparency Market Research

Wound Dressing Industry is Expected to Reach USD 6,012.4 Million Globally in 2017: Transparency Market Research PR Newswire ALBANY, New York, July 26, 2012 ALBANY, New York, July 26, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) "Wound Dressing Market - Global Scenario, Trends, Industry Analysis, Size, Share & Forecast 2011 - 2017," the global wound dressing market was worth USD 4,410.5 million in 2011 and is expected to reach USD 6,012.4 million in 2017, growing at a CAGR of 5.3% from 2011 to 2017. In the overall global market, the U.S. is expected to maintain its lead position in terms of revenue till 2017. The U.S. is expected to enjoy 34.6% of global wound dressing market revenue share in 2017 followed by Europe. Browse the full report at http://www.transparencymarketresearch.com/wound-dressing- market.html The global wound dressings market is driven by ageing population, increasing incidence of diseases such as diabetes, obesity, and the development of cost effective and innovative dressings. Wound dressings have two different techniques to cover up the wounds - traditional and advanced wound dressings. In developed as well as in developing nations, the market is shifting towards advanced wound-care dressings. However, traditional wound dressings market with low cost and reimbursement facility will remain in the overall market with low market growth rate in future.