Global Advance Wound Care Market
Rising prevalence of developing chronic wounds despite of all preventive measures is increasing the need for proper wound care management and more effective wound care products. In 2017, as per the Wound Care Awareness campaign conducted by Healogics, over 6.6 million population of the United States are suffering from non-healing wounds. As chronic wounds takes significant time to heal thus market players are focusing on diversifying their offering by introducing advanced wound healing portfolio. Growing advancements in wound care products with innovative chronic wound management for infection, skin protection and exudate management are expected to fuel the growth of advance wound care market across the globe.
As per Goldstein Research analyst, global advance wound care market size valued USD 11.2 billion in 2016 and is anticipated to grow at a CAGR of 7.4% during the period 2016-2024.
Covered In This Global Advance Wound Care Market Report
The report covers the present ground scenario and the future growth prospects of the advance wound care market for 2016-2024 along with the market share of advance wound care in every region. We calculated the market size and revenue share on the basis of revenue generated from industry players of advance wound care the across the globe.
Global Advance Wound Care Market Segmentation
Based on Product Type
o Foam Dressings
o Film Dressings
o Antimicrobial Dressings
o Super Absorbent Dressings
o Hydrogels Dressings
o Alginates Dressings
o Active Dressings
o Other Dressings (Wound Contact Layers, Honey Dressing)
? Active Wound Care
o Skin substitutes
o Growth Factors
o Others (Allografts, Xenografts)
? Therapy devices
o Negative Pressure Wound Therapy
o Pressure relief devices
o Hyperbaric Oxygen Chambers (HBOT)
o Wound Debridement devices
o Physical Therapies
Based on Applications
? Pressure ulcers
? Diabetic ulcers
? Venous leg ulcers
? Arterial ulcers
? Surgical Wounds
Based on End-User
? Hospitals & Clinics
? Ambulatory Services
? Home Healthcare
? Community Healthcare Services
Based on Geography
? North America (U.S. & Canada) Advance Wound Care Market
? Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Advance Wound Care Market
? Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Advance Wound Care Market
? Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Advance Wound Care Market
? Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Advance Wound Care Market
On the basis of product type, dressing is the dominating segment and held nearly 50% of the global advance wound care market in 2016. Wide application of antimicrobial dressings, foam dressings, hydrocolloids, film dressings, hydrogel dressings and other dressings for effective treatment of infected and chronic wounds are contributing the dominance in the market.
Advance Wound Care Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global advance wound care market. The report also includes porters five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global advance wound care market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global advance wound care market report comprises of the following companies as the key players in the Advance Wound Care market: 3M Company, Medtronic plc, Organogenesis Inc., Smith & Nephew, Mölnlycke Health Care, Paul Hartmann, Covidien and ConvaTec.
Other high-flying vendors in the market are: BSN Medical, Medline, B. Braun Melsungen, Systagenix Wound Management, Derma Sciences, Coloplast, Laboratoires Urgo, Johnson & Johnson, Spiracur Inc, Talley Group Limited, Devon Medical Product, Human Biosciences Inc., Cardinal Health, DeRoyal Industries Inc., DermaRite Industries LLC, MPM Medical Inc., Advancis Medical, Ethicon Inc., Baxter, Hollister Inc. and Kinetic Concepts Inc.
According to our global advance wound care market study on the basis of extensive primary and secondary research: One of the leading trends in the market is growing advancements in dressing for wounds is bringing new business prospects for the existing and new market players. For instance, antimicrobial wound dressing is an innovative approach for promoting natural wound healing.
According to the report, one of the major drivers impelling the advance wound care market is the rising number of chronic diseases such as diabetes, skin infections and other lifestyle related health issues. Time taking healing of chronic wounds is shifting the inclination of patients towards advance wound care products over traditional wound care products for faster healing.
Further, the report states that lack of awareness mainly in developing countries and high cost of advance wound care products are hindering the growth of advance wound care market.
Based on geography, North America held nearly 35% revenue share of advance wound care market in 2016. Europe is the fastest growing region for advance wound care market and is anticipated to grow at a CAGR of 7% during the forecast period. Asia-Pacific region shows ample of opportunities for global advance wound care market owing to the increasing prevalence of diabetes related wound healing issues.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key questions answered in this Advance Wound Care report
What is the total market size by 2024 and what would be the expected growth rate of advance wound care market?
What are the exports and imports of advance wound care products in every region in 2015-2016 and what would be the expected demand over the forecast period?
What are the key market trends?
What are the factors which are driving this market?
What are the major barriers to market growth?
Who are the key vendors in this market space?
What are the market opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?
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