Consumer Health Products
(Source: Transparency Market Research, March 2018)
According to a report published by Transparency Market Research titled “Wound Healing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025,” the global wound healing market was valued at approximately US$23.3 billion in 2016 and is projected to register a compound annual growth rate of over 4.8% from 2017 to 2025. The report suggests that a growing patient pool for chronic wounds is likely to drive demand for wound healing products in the coming years. As key players introduce technologically advanced wound healing solutions in developed markets such as North America and Europe, these regions are likely to account for a dominant share of the global wound healing market. The established presence and wide distribution networks of major players and growing market penetration of emerging players are likely to boost growth in the Asia Pacific wound healing market, which is expected to post a compound annual growth rate of around 5.3% from 2017 to 2025.
Mondias has two products (wound ointment and yarrow wound healing) that have been approved by Health Canada, and filed a patent on these products.
It has completed successful case studies in poorly perfused wounds and diabetic foot infections, as well as a well-controlled human trial demonstrating statistical superiority to petrolatum and Polysporin.