The global advanced wound care management market in 2019 was worth US$ 10,911.2 million and it is expected to witness a CAGR of 6.8% during the forecast period of 2019-2027.
Advanced Wound Care Management Market, by Product Type (Moist Wound Dressings {Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel 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 {Artificial Skin & Substitutes and Topical Agents}), By Wound Type (Surgical Wounds, Ulcers {Pressure Ulcers, Diabetic Foot Ulcers, and Venous Ulcers}, Traumatic Wounds, Burns, and Other Wounds), By End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
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The global advanced wound care management market is expected to grow due to rising incidences of burns, surgical wounds, and ulcers.
Trauma is severe damage to the body that can be caused by blunt force trauma (when an item strikes the body with force, causing deep wounds and damaged bones) or penetration trauma (when a hitting object pierces the body, causing an open wound). Trauma, which results in bone injury, can be caused by a variety of things, including a car accident, a fall, or a violent act. The global advanced wound care management market is expected to grow due to rising number of traumas caused by traffic accidents and other reasons. The most common cause of the trauma is traffic accidents. According to a World Health Organization (WHO) factsheet from 2018, traffic accidents cause around 20 to 50 million casualties worldwide each year. According to the same source, road traffic injuries are the main cause of mortality among people aged 15 to 29, with around 1.25 million people dying each year as a consequence of accidents. Furthermore, according to the Lancet’s Global Burden of Disease report from 2015, road injuries are one of the top 20 causes of disease burden globally.
Rising incidence of diabetes, which causes diabetes foot ulcers is expected to propel the global advanced wound care management market growth over the forecast period. According to a 2017 report from the North West Coast Strategic Clinical Networks of National Health Services, around 4.5 million individuals in the U.K. alone have diabetes. According to the same source, around 200,000 people with diabetes in the U.K. had diabetic foot ulcers in 2017. Moreover, around 64,000 diabetics in Wales and England are expected to develop foot ulcers at any given moment.
Rising business expansion initiatives by the major market players are expected to boost the global advanced wound care management market growth during the forecast period. For instance, AHA Hyperbarics GmbH announced the launch of AHA Hyperbarics USA, a subsidiary in the U.S., in June 2017 to expand its products and business operations.
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Moreover, one of the factors that are expected to slow down the growth of the global advanced wound care management market during the forecast period is the high price of the product related to the treatment of chronic injuries. According to a study published by the College of Podiatric Medicine, 9 % to 20% of diabetic foot ulcer patients in the U.S. required hospitalization in 2015. Moreover, also it reported that the diabetic foot ulcers treatment fees rise with the age.
Due to rising product releases by major market players, in 2018, North America accounted for the largest share in the global advanced wound care management market. Due to increased product releases by market participants, North America had a dominating position in the worldwide advanced wound care management market in 2018. For instance, Smith Nephew released the PICO 7Y Single Use Negative Pressure Wound Therapy System (sNPWT) with AIRLOCK Technology in the U.S. in September 2019, allowing for the treatment of two wounds at the same time. The system is intended for use on surgical incisions as well as acute and chronic wounds.
The Asia Pacific is a growing region in the global advanced wound care management market. This is due to an increase in the number of global companies investing in the region. For instance, Avita Medical Ltd. announced a distribution deal with INDEE Medical in January 2016, for the commercialization of ReCell Device, a medical device used in combination with traditional therapies for burns and reconstructive operations in Japan. Likewise, Mundipharma began selling Medifoam (also called as BETAplast in South East Asia) in South Asian countries such as Thailand, Vietnam, and Malaysia, as well as South Korea and China, in January 2015.
Some of the key players contributing to the global advanced wound care management market are Leap Therapeutics, 3M Company, Integra Life Sciences, Johnson and Johnson, Hematris Wound Care GmbH., Baxter International, Medtronic, Coloplast, and Kinetic Concepts.
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• Current and future of global Advanced Wound Care Management market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- 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
- Market Trends
- Regulatory Scenario
- PEST Analysis
- PORTER’s Analysis
- Recent Product Launch
- Product Recalls
- Merger and Acquisition Scenario
- Market Dynamics
- Global Advanced Wound Care Management Market, By Product Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Moist Wound Dressings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Foam Dressings
- Hydrocolloid Dressings
- Film Dressings
- Alginate Dressings
- Hydrogel Dressings
- Collagen Dressings
- Wound Therapy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- 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, 2016 – 2027, (US$ Mn)
- Artificial Skin and Substitutes
- Topical Agents
- Introduction
- Global Advanced Wound Care Management Market, By Wound Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Surgical Wounds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ulcers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Ulcers
- Traumatic Wounds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Burns
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Other Wounds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Advanced Wound Care Management Market, By End User, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Advanced Wound Care Management Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2027
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Wound Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Wound Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Wound Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Wound Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Wound Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Wound Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Johnson and Johnson*
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- 3M Company
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Baxter International
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Coloplast
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Integra Life Sciences
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Kinetic Concepts
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Medtronic Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Hematris Wound Care GmBH
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Johnson and Johnson*
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
About Us:
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