Advanced Wound Care Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increasing incidences of chronic diseases such as diabetes, obesity and consequent rise in the prevalence of chronic wounds will drive the market over the forecast period.
Global Advanced Wound Care Market is valued at USD 9150.6 Million in 2018 and expected to reach USD 13399.7 Million by 2025 with the CAGR of 5.6% over the forecast period.
Advanced wound care management products are mainly used to treat more complex wounds. The products work on the principle of moisture therapy and fit around the shape of the wound. These are highly resistant to environmental inhibitors and foreign particles. For instance, hydrocolloid dressings cover hydrophilic substances, which absorb fluids, dirt and bacteria, forming a protective gel mass. Maintenance of stable temperature around the wound, protection from infection, removal of dead tissue, assistance in oxygenation and relieve in pain are the major focus areas of advance wound care products. Venous ulcer, diabetic foot ulcers and pressure ulcers are major types of chronic wounds, while surgical and burn cases are major type of acute wounds.
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Global advanced wound care market report is segmented on the basis of type, wound type, end-users, distribution channel and regional & country level. Based on type, global advanced wound care market is classified as dressing, biologics and therapy devices. Based upon wound type, global advanced wound care market is classified into surgical wound, diabetic ulcers, pressure ulcers, venous ulcers, burns and others. Based upon end users, market is classified as hospitals, wound care centers, ambulatory centers, home healthcare, clinics and community healthcare.
The regions covered in this global advanced wound care market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of advanced wound care is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Advanced Wound Care Market Report-
Global advanced wound care market report covers prominent players likeBoston Scientific Corporation, 3M, C.R Bard, Inc., General Electric Company, Medtronic, Heraeus Medical Components LLC, Conmed Corporation, Thermo Fisher Scientific Inc., Natus Medical Incorporated, Koninklijke Philips N.V., Asahi Kasei Corporation, and others.
UPM’s FibDex, a Wood-Based Innovation for Wound Care, Received Regulatory Approval and CE Mark.
On May 27th, 2019; UPM launched a new advanced wound care product for the European market. FibDex is the first wound dressing created from wood based nanofibrillar cellulose to receive regulatory approval and be awarded a CE mark. Nanofibrillar cellulose, which has been shown to be biocompatible with human cells and tissue, forms the core of the dressing. UPM’s proprietary nanotechnology, combined with over a decade of research into nanofibrillar cellulose and a highly professional R&D, has resulted in the development of this unique product.
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Global Advanced Wound Care Market Dynamics–
Rising prevalence of wounds, growing incidences of chronic diseases, increasing acceptance of innovative technologies and expanding geriatric population are the major factors driving the growth of global advanced wound care market. According to the World Health Organization (WHO), estimated that, in 2012, the global geriatric population was pegged at 901 million in 2015, which is expected to increase over 2 billion by 2050. It has been estimated that, by 2020, chronic diseases will account for almost three-quarters of all deaths worldwide, and that 71% of deaths due to ischaemic heart disease (IHD), 75% of deaths due to stroke, and 70% of deaths due to diabetes will occur in developing countries. However, excessive cost of advance wound care products that often weakens treatment affordability may hamper the industry growth in forecast period.
Global Advanced Wound Care Market Regional Analysis–
North America dominates the advanced wound care market due to adoption of advanced treatment of diabetic foot ulcers, pressure ulcers and surgical wounds in the U.S., combined with adequate reimbursement policies in the country. According to American Diabetes Association, in 2017, diabetes affects 30 million people in the U.S. and more than 415 million people worldwide.
Europe is the second largest market of advanced wound care due to rising disposable income levels in developed countries, growing advancement in healthcare infrastructure, technological advancement, and favorable venture capital funding. Asia Pacific is expected to witness with strong growth rate majorly due to the increasing per capita income, growing awareness about chronic disease and growing medical tourism industry in this region.
Key Benefits for Global Advanced Wound Care Market Report–
- Global Advanced Wound Care Market report covers in depth historical and forecast analysis.
- Global Advanced Wound Care Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Advanced Wound Care Market report helps to identify opportunities in market place.
- Global Advanced Wound Care Market report covers extensive analysis of emerging trends and competitive landscape.
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Global Advanced Wound Care Market Segmentation: –
- Therapy Devices
By Wound Type:
- Surgical Wound
- Diabetic Ulcers
- Pressure Ulcers
- Venous Ulcers
- Wound Care Centers
- Ambulatory Centers
- Home Healthcare
- Community Healthcare
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- The Middle East and Africa
- Rest of Middle East and Africa
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