PROSPECTS AND OPPORTUNITIES
Sluggish performance for wound care
Wound care in Taiwan is expected to experience a fairly sluggish performance over the forecast period. This is partly due to maturity and the fact that these items tend to be purchased relatively infrequently as compared to many other types of consumer health products.
Greater focus on sustainability
The growing trend towards sustainable healthcare practices presents a significant opportunity for companies to create eco-friendly wound care products made from biodegradable or recyclable materials. Dressings and bandages crafted from natural, biodegradable substances such as bamboo fibres, chitosan, and alginate are expected to gain popularity as they naturally decompose after use, thereby reducing landfill waste.
Product innovation likely to cater to needs of ageing population
Taiwan’s ageing population presents a substantial opportunity for innovation in wound care products. As consumers become increasingly knowledgeable about advanced wound care options, demand for innovative, consumer-friendly solutions is likely to increase, paving the way for products such as hydrocolloid dressings, antimicrobial dressings, and pain management solutions.
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Overview:
Understand the latest market trends and future growth opportunities for the Wound Care industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Wound Care industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Wound Care in Taiwan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Wound Care in Taiwan?
- Which are the leading brands in Wound Care in Taiwan?
- How are products distributed in Wound Care in Taiwan?
- How has the regulatory and operating environment for Wound Care changed in Taiwan?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Wound Care
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Wound Care in Taiwan - Category analysis
KEY DATA FINDINGS
Wound care sees a slow growth trajectory
Increased focus on self-care drives demand
3M continues to lead wound care in Taiwan
Sluggish performance for wound care
Greater focus on sustainability
Product innovation likely to cater to needs of ageing population
Consumer Health in Taiwan - Industry Overview
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
The following categories and subcategories are included:
Wound Care
- First Aid Kits
- Gauze, Tape and Other Wound Care
- Sticking Plasters/Adhesive Bandages
Wound Care
This is the aggregation of sticking plasters/adhesive bandages, first aid kits, and gauze, tape, and other wound care. Exclude products that prevent foot blisters and anti-scarring only variants.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Wound Care research and analysis database.
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