Advanced wound care items are specially designed to heal the complex wound faster than as compared to the traditional techniques that look longer time. These products are essentially covered under insurance, requiring the doctor’s regulation. This includes the alginates, the hydrogels, hydrocolloids, foam dressings and film dressings. The advanced healing process includes the inflammatory stage, the fibroblastic stage, and the maturation stage, also known as the strengthening stage. Nonetheless, there are also few constraints that could slow down the healing process, such as medical conditions, hemorrhage, infection, mechanical damage, age, dryness, diet, dead skin, smoking, varicose veins, and more.
Advanced wound care market is estimated to be over US$ 8.5 Bn in 2017. It is anticipated to grow at a CAGR of 4.3% from 2019 to 2030.
Technological advancements in the sector of wound therapy, growing geriatric population and treatment coupled with increasing awareness among patients have been pivotal in dictating the growth of the advanced wound care market. Moreover, efficient treatment options for complex wounds, diabetes and associated chronic wounds and increasing expenditures on healthcare is anticipated to be the major drive the growth of the global advanced wound care market between 2019 and 2030.Furthermore, key players have extensively focused on collaborating with several educational and research institutes to amplify R&D activities and meet the overall demands of the healthcare industry. For instance, Smith and Nephew a global medical device company entered into collaboration with University of Hull, to create wound care research cluster and facilitate development of advanced R&D centers.
Major Key Players of the Advanced Wound Care Market are:
Smith & Nephew, B. Braun, ConvaTec Group, Integra LifeSciences, 3M, Cardinal Health, Medtronic, MPM Medical, Paul HARTMANN, and MiMedx Group, among others.
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The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global advanced wound care market in the coming times. Since, the utilization of advanced wound care products for assisting treatment and facilitating faster recovery of wounds among aged population is enormously crucial.
The Advanced Wound Care Market is segmented on the basis of Types, Application and region.
Major Types of Advanced Wound Care Market covered are:
- Introduction
- Ulcers
- Surgical Wounds
- Traumatic Wounds
- Burns
- Other Wounds
Major Applications of Advanced Wound Care Market covered are:
- Home Care Setting
- Hospitals & Clinics
- Other End User
Diabetes is one of the most prominent, prevalent and menacing chronic diseases, which is known to affect millions of individuals worldwide. According to the report Global Burden of Disease (GBD), published in 2015, the prevalence of diabetes witnessed a substantial increment of 30.6% between 2005 and 2015. The prospect of wound care and treatment is extremely vital among population suffering from chronic disorders, namely diabetes and several others. Since, failure to treat the same, may lead to fatal outcomes. Therefore, the continual rise in prevalence of diabetes is expected to present an attractive growth prospect for the advanced wound care market in the times to come.
High costs associated with advanced wound care products are one of the major factors affecting the growth of the advanced wound care market. Availability of affordable and cheaper versions of wound care products and high surgical costs associated with advanced wound care products is anticipated to be one of the major hindrances in the growth of the global advanced wound care market.
Research objectives:-
– To study and analyze the global Advanced Wound Care consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Advanced Wound Care Market by identifying its various sub-segments.
– Focuses on the key global Advanced Wound Care manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Advanced Wound Care with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Table of Contents
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Currency Used for the Study
- Report Beneficiary List
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Technological Advancement
- Application Horizon Assessment
- Regulatory & Reimbursement Scenario Snapshot
- GLOBAL MARKET – ANALYSIS & FORECAST, BY PRODUCT
- Introduction & Definition
- Wound Dressing
- Foam Dressing
- Hydrocolloid Dressing
- Alginate
- Collagen Dressing
- Wound Therapy Devices
- Pressure Relief Devices
- Negative Pressure Wound Therapy
- Electrical Devices
- Other Wound Therapy Devices
- Active Wound Care
- Allografts
- Autografts
- Others
- GLOBAL MARKET – ANALYSIS & FORECAST, BY WOUND TYPE
- Introduction
- Ulcers
- Surgical Wounds
- Traumatic Wounds
- Burns
- Other Wounds
- GLOBAL MARKET – ANALYSIS & FORECAST, BY END USER
- Introduction
- Home Care Setting
- Hospitals & Clinics
- Other End User
- GLOBAL MARKET – ANALYSIS & FORECAST, BY REGION
- North Americe Market
- Europe Market
- Asia Pacific
- Rest of the World (ROW)
- COMPETETIVE LANDSCAPE
- Market Share Analysis (2018)
- Key Strategies Assessment
- COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
- Smith & Nephew
- B.Braun
- ConvaTec Group
- Integra Lifesciences
- 3M
- Cardinal Heatch
- Medtronic
- MPM Medical
- Paul Hartmann
- MiMedx Group (*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)
- APPENDIX
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