The global Advanced Wound Care Market size is expected to reach $21.4 Billion by 2028 growing at the CAGR of 9.87% from 2021 to 2028.The global advanced wound care industry includes products that are used for the purpose of treating and managing chronic and acute wounds, such as biologics, moist wound dressings and devices. Advanced wound care is being developed as a standard solution to treat chronic wounds. The advanced wound care products are increasingly replacing traditional products, owing to their effectiveness and efficiency in treating wounds and facilitating a faster healing process.
|Market Size (2020)||$21.4 Billion|
|CAGR (2021 to 2028)||9.87%|
|Market Classificationt||Product, Application, End User|
|Key Companies Profiled||Molnlycke, Adynxx, B. Braun Melsungen AG, Coloplast Group, ConvaTec Group PLC, Johnson & Johnson Services, Inc, Medline Industries, Inc, Medtronic, Organogenesis Inc, Smith+Nephew|
|Key Countries/Regions Analyzed||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2022 to 2028|
The factors driving the advanced wound care market growth includes increasing number of diabetic patients, awareness programmes for wound treatment and management, growing number of road injuries, innovation and advancement in wound care products, rising funding for wound care-oriented research & development activities and growing demand for evidence- based advanced wound care products.
- Rising adoption of evidence- based treatments for chronic wounds
The treatment of chronic wounds is often a challenge to physicians and surgeons, since chronic wounds may cause certain complications, thereby making it difficult to select a specific treatment to manage such wounds. Due to the rising number of patients suffering from chronic wounds, the demand for a systematic approach for the treatment has also increased, hence driving the adoption of evidence- based treatment in order to make wound care effective. Systematic meta- analyses and reviews of controlled and monitored clinical trials on chronic wounds have revealed that using advanced wound dressings instead of gauze or traditional wound care products facilitates quicker and better healing of moist wounds. Therefore, the increasing adoption of evidence- based treatment in chronic wound treatment is expected to drive the advanced wound care market growth.
- Growing research and introduction of novel treatments for advanced wounds.
The rise in the demand for advanced products that offer rapid healing has led to the development and growth of novel wound care products. Increasing initiatives from various government bodies and active participation of research institutes is expected to increase the market demand in coming years.
The major factor restraining the growth of the global advanced wound care market size includes the high cost of advanced wound care products.
Key Insight in the report:
The Global Advanced Wound Care market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.
The report covers extensive competitive intelligence which includes following data points:
- Business Overview
- Business Model
- Financial Data
- Financial – Existing
- Financial – Funding
- Product Segment Analysis and specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
Advanced Wound Care Market Segmentation
The report covers market sizing and forecasting at the country level as well as at the segment level. Advanced Wound Care Market is analyzed across below-mentioned different segments:
- Infection Management
- Exudate Management
- Active Wound Care
- Therapy Devices
- Chronic Wounds
- Acute Wounds
- Diabetic Foot
By End User
- Community Health Service Centers
North America holds the highest share due to the high availability of trained medical professionals, large presence of majority of the key players and easy availability of well- developed infrastructure facilities. Asia Pacific is estimated to witness the highest growth during the forecast period, which is attributed to increasing focus of key players on emerging economies in Asia along with government support.
The Advanced Wound Care Market is analyzed across below mentioned region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
Advanced Wound Care Market Ecosystem Players:
The some of the key ecosystem players in of Advanced Wound Care Market include:
- Braun Melsungen AG
- Coloplast Group
- ConvaTec Group PLC
- Johnson & Johnson Services, Inc
- Medline Industries, Inc
- Organogenesis Inc
REPORT CONTENT BRIEF:
- High level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Advanced Wound Care market historical market size for year 2019, and forecast from 2020 to 2027
- Vendor market share analysis at each product level
- Advance wood care market share analysis a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.