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) was valued at US$ 17,790 in 2018, and is projected to exhibit a CAGR of 4.6% over the forecast period (2019 – 2026), as highlighted in a new report published by Coherent Market Insights.
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Key companies and research institutes are laying major emphasis on R&D activities to develop innovative wound care products, which is expected to drive growth of the global wound care market during the forecast period. For instance, in November 2018, The Wound Healing Foundation, with the support from Corius Tissue Regeneration a trademark of Medline Industries Inc., announced a new three-year grant series: WHF-Medline Research Grant Innovation Award. The first of three consecutive US$ 30,000 grant awards for the best scientific and innovative proposal was awarded in May 2019 to scientist involved in wound healing product innovation research. The main objective of this award is to accelerate innovative wound healing product development. This is a one year, US$ 30,000 grant, which will be awarded to an investigator doing research in wound healing in the U.S. Application proposals should be innovative and have the ability to be commercialized in the future.
Moreover, The Wound Healing Foundation is focusing on receiving more funding from donators and sponsor for development of wound car products. The Wound Healing Foundation, in 2015, volunteered for over 4 months for bringing awareness and funding to the wound healing community. Increasing approvals for wound care product from regulatory authorities is expected to drive the global wound care market growth during the forecast period. For instance, in 2018, AQUACEL Ag Advantage dressing received the U.S. Food and Drug Administration (FDA) 510(k) clearance for wound care management.
Governments of many countries are laying key emphasis on novel strategies, in order to improve wound care products for patients. For instance, Department of Health & Human Services, State Government of Victoria, Australia, is implementing Strengthening Wound Management Practice Strategy, which aims to help older people and staff caring for older people to improve wound management practice. Similarly, Connected Wound Care Project is a successful collaboration between the regional wounds Victoria clinical nurse consultants and the Royal District Nursing Service. The project focuses on development of educational and information resources to assist nurses and people they care for in preventing and managing wounds.
The global wound care market is expected to witness significant growth, exhibiting a CAGR of 4.6% over the forecast period (2018-2026). This is owing to increasing funding and product approvals for wound care products by authorities.
On the basis of product, the advanced wound management products segment is expected to account for the largest share in 2026, owing to high presence key players in advanced wound care management products segment such Johnson & Johnson, 3M Company, Baxter International, Acelity, Coloplast, Integra Lifesciences, Kinetic Concepts, Medtronic plc., and Smith & Nephew plc.
Key companies involved in the global wound care market are 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.
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➡ Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Wound Care Market Market
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➡Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region .
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Wound Care Market Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Wound Care Market Industry Impact
Chapter 2 Global Wound Care Market Competition by Types, Applications, and Top Regions and Countries
2.1 Global Wound Care Market (Volume and Value) by Type
2.3 Global Wound Care Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Wound Care Market Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Wound Care Market Market Analysis
Chapter 6 East Asia Wound Care Market Market Analysis
Chapter 7 Europe Wound Care Market Market Analysis
Chapter 8 South Asia Wound Care Market Market Analysis
Chapter 9 Southeast Asia Wound Care Market Market Analysis
Chapter 10 Middle East Wound Care Market Market Analysis
Chapter 11 Africa Wound Care Market Market Analysis
Chapter 12 Oceania Wound Care Market Market Analysis
Chapter 13 South America Wound Care Market Market Analysis
Chapter 14 Company Profiles and Key Figures in Wound Care Market Business
Chapter 15 Global Wound Care Market Market Forecast (2021-2027)
Chapter 16 Conclusions
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