Global Advanced Wound Care Market
Report Highlights
Market Overview:
The global Advanced Wound Care Market was valued at USD 9.01 billion in 2016 and is projected to reach USD 13.05 billion by 2025, growing at a CAGR of 4.2% from 2017 to 2025.
Advanced wound care products are designed to treat more complex wounds and—in order to be covered under insurance—usually require a doctor’s order. This includes hydrogels, hydrocolloids, alginates, and film and foam dressings.
Market Dynamics:
1. Market Drivers
1.1 Increasing Diabetic patients and linked chronic wounds
1.2 Growing geriatric population
1.3 Adoption of Evidence-based treatment of wounds
1.4 Advanced wound care products and easy availability
1.5 Awareness programs and seminars emphasizing on advanced wound care
2. Market Restraints
2.1 High cost of the products
Market Segmentation:
1. Global Advanced Wound Care Market, by Wound type:
1.1 Surgical Wounds
1.2 Ulcers
1.3 Pressure Ulcers
1.4 Diabetic Foot Ulcers
1.5 Venous Ulcers
1.6 Traumatic Wounds
1.7 Burns
1.8 Others
2. Global Advanced Wound Care Market, by End User:
2.1 Hospitals & Clinics
2.2 Home Care Settings
2.3 Other End Users
3. Global Advanced Wound Care Market, by Product:
3.1 Moist Wound Dressings
3.1.1 Foam Dressings
3.1.2 Hydrocolloid Dressings
3.1.3 Film Dressings
3.1.4 Alginate Dressings
3.1.5 Hydrogel Dressings
3.1.6 Collagen Dressings
3.2 Wound Therapy Devices
3.2.1 Pressure Relief Devices
3.2.2 Negative Pressure Wound Therapy Systems
3.2.3 Hyperbaric Oxygen Equipment
3.2.4 Electrical Stimulation Devices
3.2.5 Other Wound Therapy Devices
3.3 Active Wound Care
3.3.1 Artificial Skin and Substitutes
3.3.1.1 Autografts
3.3.1.2 Allografts and Xenografts
3.3.1.3 Other Substitutes
3.3.2 Topical Agents
4. Global Advanced Wound Care Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Smith & Nephew
2. Mölnlycke Health Care (A Part of Investor AB)
3. B. Braun
4. Convatec Group
5. Coloplast
6. Integra Lifesciences
7. 3M
8. Cardinal Health
9. Medtronic
10. Mimedx Group
11. Mpm Medical (RBC Life Sciences)
12. Paul Hartmann
13. Acelity L.P.
14. Key Innovators
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Advanced Wound Care Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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