Advanced Wound Care Market


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Uploaded on Jul 28, 2021

The advanced wound care market accounted to US$ 8,181.9 Mn in 2017 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2025, to account to US$ 11,564.6 Mn by 2025. Asia Pacific is the fastest geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. Asia Pacific market is driven by the factors such as to huge patient population, increases in the number of surgical procedures and rising number of wound care admit to hospitals and ambulatory care centers.

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Advanced Wound Care Market

Advanced Wound Care Market   Advanced Wound Care Market to 2025 - Global Analysis and Forecasts By Product (Dressings, Devices, and Bioactives), Wound Type (Surgical, Trauma, Burns, Ulcers, Diabetic Foot, Others), End User (Hospitals & Clinics, Ambulatory Care Centers, Wound Care Centers, and Others) and Geography Hemophilia Treatment Market  Current and future Market Scenario  According to The Insight Partners market research study titled "Advanced Wound Care Market to 2025 – Global Analysis and Forecasts by Product, Wound Type and End User, the global advanced wound care market is expected to reach US$ 11,564.6 Mn in 2025 from US$ 8,181.9 Mn in 2017“   The market is estimated to grow with a CAGR of 4.5% from 2016-2025. The report highlights the trends prevalent in the global advanced wound care market and the factors driving the market along with those that act as deterrents to its growth.  Global advanced wound care market, based on the product was segmented into dressings, advanced wound devices, and advanced wound bioactives. In 2017, the dressings segment held the largest share of the market, by product. The dressings led the market in 2017, contributing for the largest market share and is expected to retain its dominance during the forecast period from 2018 to 2025.  This segment is also expected to dominate due to the increased demand for dressings and it is also expected to grow at the fastest rate during the coming years since the dressings provide better healing properties. Advanced wound care treatments revolve around the principle of moisture therapy, which provides moisture to the wound site to encourage natural cell repair while giving the wound room to breathe. Key Findings  The market for advanced wound care is expected to grow due to increasing prevalence of diabetes & related chronic wounds, technological advancement in advanced wound care products and increasing rise in the geriatric population are boosting the market over the years. In addition, the increasing medical tourism in emerging nations are likely to have a positive impact on the growth of the market in the coming years.  Market Insights  Increasing Prevalence of Diabetes & Related Chronic Wounds Diabetes is one of the largest global health emergencies of the 21st century. Each year more and more people live with this condition, which can result in life-changing complications. According to the International Diabetes Federation (IDF), in 2017, number of people with diabetes in North America was approximately 46 million which is expected to grow at 62 million in 2045. The increase in the disease prevalence is around 35% during the forecast period. Type 2 diabetes is the most prevalent form of diabetes and has increased alongside cultural and societal changes. In high-income countries up to 91% of adults with the disease have type 2 diabetes. As per the report of IDF, one in 11 adults have diabetes in 2015, and it will decrease to one in 10 adults till 2040. Hemophilia Treatment Market    Market Segments Global Advanced Wound Care Market – By Product Dressings Global Advanced Wound Care Global Advanced Wound Care Film Dressings Market – By Wound Type Market – By End User Hydrogel Dressings Surgical Hospitals & Clinics Foam Dressings Trauma Ambulatory Care Centers Hydrocolloid Dressings Burns Wound Care Centers Ulcers Others Hemophilia Treatment Market  Dominating Segments    Technological Advancement in Advanced Wound Care Products    Advanced wound care products are ideally preferred for the post-surgery wound treatment. In October 2017, Integra LifeSciences Holdings Corporation launched the Revize / Revize-X Collagen Matrix, for plastic and reconstructive surgery. The matrix is an expandable matrix which is offering up to double the initial coverage area once hydrated and fully expanded. Likewise, Acelity innovated the V.A.C.ULTA Therapy System in the U.S. in April 2017, The V.A.C.ULTA Therapy System, is latest generation negative pressure wound therapy (NPWT) system, which improve clinicians’ experiences by leveraging first-to-market connectivity technology.  Product Insights  The global advanced wound care market by product was led by dressing segment. In 2017, the dressing segment held a largest market share of 46.8% of the advanced wound care market, by product. The dressing segment is expected to dominate the market in 2025 owing to the rising incidences of the people experiencing small and minute wounds due to the several physical activities. This segment is anticipated to witness the fastest growth rate during the forecast period, 2018 to 2025.    Dominating Segments  Wound Type Insights  The advanced wound care market by wound type is segmented into ulcers, burns, trauma, surgical, and diabetic foot. The surgical segment held the largest share of the market, by wound type. In addition, the surgical wound is also expected to grow at the fastest rate during the coming years owing to factors such as, rising number of surgical procedures, and increasing wounds due to the surgical procedures.  End User Insights  The advanced wound care market by end user is segmented into hospitals & clinics, ambulatory care centers, wound care centers, and others. The hospitals & clinics segment is anticipated to grow at a CAGR of 5.1% during the forecast period. The segment is expected to drive market due to the advanced treatments offered by the hospitals and clinics are the first aid providers to the patients.  Download PDF Brochure https://www.theinsightpartners.com/sample/TIPHE100000825/ Dominating Segments  The report segments the global advanced wound care market as follows: Global Advanced Wound Care Market – By Product Dressings Film Dressings Hydrogel Dressings Foam Dressings Hydrocolloid Dressings Other Dressings Devices Electrical Stimulation Pressure Relief Devices Hyperbaric Oxygen Equipment Negative Pressure Wound Therapy Systems Others Bioactives Autografts Allografts and Xenografts Topical Agents Others Dominating Segments  Global Advanced Wound Care Market – By Wound Type Surgical Trauma Burns Ulcers Diabetic Foot Others  Global Advanced Wound Care Market – By End User Hospitals & Clinics Ambulatory Care Centers Wound Care Centers Others Hemophilia Treatment Market   Leading Players  Company Profiles Smith & Nephew Acelity L.P. Braun Melsungen AG Integra Lifesciences Corporation ConvaTec 3M MiMedx, Inc. Mölnlycke Health Care Paul Hartmann AG Cardinal Health, Inc.   REGIONAL FRAMEWORK REGIONAL FRAMEWORK Hemophilia Treatment Market     Hemophilia Treatment Market      Access Full Research Report at: https://www.theinsightpartners.com/reports/advanced-wound-care-market/ Thank You!  Thank You!