Global Wound Care Market, by Product Type (Advanced Wound Management Products (Wound Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Anti-infective Dressings, Alginate Dressings, and Collagen Dressings), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), and Active Wound Care), Surgical Wound Care Product (Sutures and Staples and Tissue Adhesives, Sealants and Glues), and Traditional Wound Care Products (Medical Tapes, Dressings, and Cleansing Agents)), by Wound Type (Chronic Wounds (Pressure Ulcers, Diabetic Foot Ulcers, Venous Ulcers and, Other Chronic Wounds) and Acute Wound (Surgical and Traumatic Wounds and Burns), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Home Care Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 17,790 in 2018 and is expected to exhibit a CAGR of 4.6% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights .
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Global wound care market has experienced various advancement in technology due to the effectiveness of the advanced therapy for managing wounds and enables faster healing. Rising launches of innovative wound care management products are projected to fuel the global wound care market growth. For instance, in 2017, Johnson & Johnson’s Ethicon and DePuy Synthes (a subsidiary company of J&J) launched customized wound closure kits designed for orthopedic surgery in the U.S. The newly-launched kits include Ethicon’s Stratafix knotless tissue control devices and the Dermabond Prineo skin closure system.
The global wound care market size was valued at US$ 17,790 million in 2018 and is expected to witness a CAGR of 4.6% over the forecast period (2019–2026).
The advent of advancement in wound care is expected to drive growth of global wound care market
The global wound care market is projected to witness significant growth during the forecast period, due to increasing research and development in the wound care market. For instance, in April 2019, Binghamton University and State University of New York researchers developed skin-inspired electronics to conform to the skin, allowing for long-term, high-performance, real-time wound monitoring in users
Growing innovative product launches in wound care management are projected to be another major factor supporting the growth of the market over the forecast timeframe. For instance, in February 2019, Axio Biosolutions, an India-based MedTech company, launched MaxioCel, a next-generation wound care dressing made of chitosan in New Delhi, India. The product is expected to serve comfort and faster healing to patients suffering from chronic wounds such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, and others.
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Restraints
A growing product recalls due to product failure, quality standard, and packaging problems is expected to hamper the growth of the global wound care market. For instance, in May 2018, U.S. Food and Drug Administration (FDA) initiated product recall of Hyalomatrix products from Anika Therapeutics, Inc., due to its susceptibility to degradation as a result of decomposition of PVC in the packaging material during sterilization, which resulted in degradation of the film. Over the long-term, it is possible that product integrity may be compromised. The product was terminated on May 10, 2019.
Regional Insights
On the basis of region, the global wound care market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to hold a dominant position in the global wound care market over the forecast period, this can be attributed to the rising introduction of new wound care products in the U.S. For instance, in April 2017, ConvaTec Group Plc. The company launched its Foam Lite ConvaTec dressing in the U.S. for the management of acute and chronic wounds. Moreover, in December 2018, Acelity LP launched its V.A.C.RX4 Therapy System for multiple traumatic wounds in the U.S.
The Asia Pacific is projected to witness rapid growth in the global wound care market due to the rising incidence of chronic wounds. For instance, according to the National Center for Biotechnology Information, in 2015, the incidence of diabetic foot ulcers (DFU) ranged from 4% to 10% among hospitalized patients in China.
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Key players operating in the global wound care market include Acelity L.P., Inc., 3M Company, Baxter International, Inc., Coloplast A/S, Integra Lifesciences, Johnson & Johnson, Inc., Smith & Nephew Plc., Cardinal Health, ConvaTec Group PLC, and Organogenesis Inc.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Wound Type
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Regulatory Scenario
- Recent Product Approvals/Launch
- Reimbursement Scenario
- Epidemiology Study
- Porter’s Analysis
- PEST Analysis
- Acquisition
- Government Initiatives and Investments
- Market Trends
- Technological Advancements
- Market Dynamics
- Global Wound Care Market, By Product Type, 2019 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Advanced Wound Management Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Wound Dressings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Foam Dressings
- Hydrocolloid Dressings
- Film Dressings
- Anti-Infective Dressings
- Alginate Dressings
- Collagen Dressings
- Wound Therapy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Pressure Relief Devices
- Negative Pressure Wound Therapy Systems
- Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Active Wound Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million
- Surgical Wound Care Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Sutures and Staples
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Tissue Adhesives, Sealants, and Glues
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Sutures and Staples
- Traditional Wound Care Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Medical Tapes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Dressings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Cleansing Agents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Medical Tapes
- Wound Dressings
- Introduction
- Global Wound Care Market, By Wound Type, 2019 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Chronic Wounds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Ulcers
- Other Chronic Wounds
- Acute Wounds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Surgical and Traumatic Wounds
- Burns
- Introduction
- Global Wound Care Market, By End User, 2019 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2026, (US$ Million)
- Introduction
- Global Wound Care Market, By Region, 2019 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2017 – 2026
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Wound Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2019 – 2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Wound Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2019 – 2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Wound Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2019 – 2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Wound Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2019 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Wound Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Country/Region, 2019 – 2026, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Product Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Wound Type, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2019 – 2026, (US$ Million)
- Market Size and Forecast, By Country/Region, 2019 – 2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Company Profiles
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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