We are monitoring the impact of COVID-19 & Recession alarm on Advanced Wound Care Market Get in touch with us for detailed analysis Know More
Share on

Global Advanced Wound Care Market Size, Share, Trends, COVID-19 Impact and Growth Analysis Report - Segmented By Type, Application, End-User and Region - Industry Forecast (2022 to 2027).

Published: January, 2022
ID: 86
Pages: 175

Global Advanced Wound Care Market Size (2022 to 2027)

The advanced wound care market size at a global level to grow at USD 12.26 billion by 2027 from USD 9.82 billion in 2022, growing at a CAGR of 4.52% during the forecast period.

Advanced wound care is developing as a standard solution for the treatment of chronic wounds. Advanced wound care products are increasingly replacing traditional wound care products due to their efficiency and effectiveness in managing wounds by enabling faster healing. Advanced wound care products are intended to treat more complicated wounds and typically require a doctor's prescription to be protected by insurance. This includes hydrogels, hydrocolloids, alginates, film, and foam dressings. Advanced treatment for wounds is based on the principle of moisture therapy, which provides moisture to the wound site to encourage natural cell repair while giving the wound room to breathe. Products used in moist wound care are generally better suited to different shapes and sizes of the wound and are more resistant to environmental inhibitors and foreign particles.

Impact of COVID-19 on advanced would care market:

COVID-19 is an infectious disease caused by the most recent novel coronavirus. The World Health Organization (WHO) declared that COVID-19 was a pandemic on 11 March 2020. The outbreak of COVID-19 will impact the advanced wound care market in the initial phase of the forecast period.

Clinicians usually treat chronic wounds at least once a week to assess the progress of the wound, provide debridement, and/or apply CTPs (skin substitutes). Hospital outpatient (HOPD) wound clinics have been the primary site of care for the treatment of these wounds, but with the closure of several of these facilities during the initial COVID surge, many patients with chronic wounds have not been seen, have been delayed, or have begun to be transferred to the medical office for treatment. The most significant market impact occurred in April/May 2020 when several states were locked down, and most, if not all, elective procedures were canceled. Due to nationwide lockdowns, ignorance of wound care services, cancelation or postponement of elective surgery, and an increase in skin injuries among COVID-19 health care providers, the advanced wound care market is anticipated to witness some decline during the forecast period. However, the demand for advanced wound care products is expected to rise dramatically during the latter half of the forecast period.

MARKET DRIVERS:

The growing geriatric population worldwide and increasing incidence of chronic diseases such as diabetes & obesity are significantly contributing to the growth of the global advanced wound care market.

Almost half of all high blood glucose deaths occur before the age of 70. According to World Health Organization (WHO) estimates diabetes to be the seventh leading cause of death in 2016. Between 2000 and 2016, the prematurity mortality rate due to diabetes increased by 5%. Diabetes prevalence has risen tremendously in low-and middle-income countries than in high-income countries. An estimated 1.6 million deaths were directly caused by diabetes in 2016. Over 1.9 billion adults, 18 years of age and older, were overweight in 2016. Of these, more than 650 million were obese. Over 340 million children and adolescents aged 5-19 years were overweight or obese in 2016, reported by WHO.

The rising incidence of road traffic injuries due to accidents globally accelerates the growth rate of the global advanced wound care market.

According to WHO, about 5.8 million people die every year as a result of injuries. Approximately 1.35 million people die each year as a result of road traffic accidents. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring disabilities resulting from their injuries. Growing cases of burn injuries and invasive surgery. According to WHO, an estimated 180 000 burns death each year – the vast majority in low-and middle-income countries. Additionally, growing prevalence to have a speedy recovery and preventing infection is considered a significant factor in global advanced wound care market growth.

Technological advancement in the wound care industry in developed regions is further expected to drive the advanced wound care market.

The number of surgical procedures is increasing. Also, increasing awareness of advanced wound care products will boost the market growth in the coming years, while technological advancement and innovation of effective products will create lucrative market opportunities. People demand effective treatment procedures with growing knowledge over the benefits of advanced wound care products. Growing support from the government through investments in hospitals is further estimated to drive market growth for advanced wound care. Advanced wound care therapy is also highly applicable for diabetic patients to treat foot ulcers, and this factor is escalating the advanced wound care market.

Favorable conditions from the public and private organizations over the treatment of complex wounds and the rise in the capital income in developed and developing countries provide growth opportunities for the companies operating in the global advanced wound care market. Growing concern towards healthcare among individuals and to have quality therapeutic procedures for wounds is creating chances for the market to grow. Increasing the elderly population worldwide is making the demand for the market to move forward. Rising disposable income in urban areas and people's interests in innovative products in the medical sector elevates the growth rate of the advanced wound care market.

MARKET RESTRAINTS:

Wound repair and regeneration are a highly complex combination of destruction and reorganization of the matrix. The treatment of burn surgery and wound injury require high cost is hampering the advanced wound care market. However, strict regulatory policies and the high cost of medical devices are limiting factors for the market. Simultaneously, the risk of chronic and surgical wound infection will be a challenging factor for the market. Some groups are at higher risk of developing foot ulcers, including Native Americans, African Americans, Hispanics, older adults, insulin-dependent diabetics, and people with diabetes-related kidney, eye, and heart disease. The high cost of advanced wound care products-The high cost of chronic wound care and advanced wound care products may have a negative impact. Active therapy restricts the adoption of the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Type, Application, End-User, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global advanced wound care market has been segmented and sub-segmented into the following categories:

Advanced Wound Care Market - By Type:

  • Dressings
  • Therapy Devices
  • Active Wound Care

The Dressing type segment holds the highest shares of the global advanced wound care market based on the type. Rising awareness over the feasibility of the advanced wound care treatment process is propelling this segment's growth. The growing scale of research centers introducing new techniques and manufacturing quality products is elevating the market demand.

Advanced Wound Care Market - By Application:

  • Skin Ulcers
  • Surgical Wounds
  • Burn Wounds

The Skin ulcer application category leads with the largest shares of the advanced wound care market by application. The rise in the demand to have effective treatment procedures at any cost is prompting the market's growth.

Advanced Wound Care Market - By End User:

  • In-patient services
  • Out-patient services

Based on end-user, the In-patient services category has the fastest growth rate from the past decade and hit the highest CAGR in foreseen years. The growing prevalence of faster healing treatment procedures is surging the demand for the advanced wound care market.

Advanced Wound Care Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

In 2019, the global advanced wound care market was led by North America due to the acceptance of the latest technologies and innovative products. The Asia Pacific is next to North America to lead dominant shares of the market with the rise in the elderly population and growing demand for proper diabetes health management. The growing potential of emerging economies, emerging economies such as India, Brazil, China, and South Africa are increasing market players in the advanced wound care market due to growing populations, rising chronic diseases, advances in the healthcare sector, and rising government initiatives.

Europe will have the highest growth rate from the past decade by increasing investments in developing new products favoring the patient's health condition. The Middle East and Africa are inclined to grow at a faster rate in the coming years.

KEY MARKET PARTICIPANTS:

Notable companies dominating the global advanced wound care market are AcelityColoplast3M HealthcareMedtronic, Integra Lifesciences, Derma Sciences, ConvaTec, Smith & Nephew, Molnylcke, and Organogenesis.

MAJOR HAPPENINGS IN THE ADVANCED WOUND CARE MARKET IN THE RECENT PAST:

  • On 5th Feb 2019, GEMCORE360ES, a new range of advanced wound care, was introduced by Gemco medical, an Ohio-based company. This product helps treat wounds, which is prominent in addressing bioburden and promotes comfort for the patient.
  • On 13th Feb 2019, In Rensselaer, USA, an advanced wound healing center has been inaugurated by Franciscan Health Rensselaer, which offers an emergency department for patients at any time.
  • In 2018, the United States FDA approved Axio Biosolutions to introduce a hemostatic dressing called Maxiocel. The product has resulted in curing the scar quickly and has more significant outcomes in pain management.

1.Introduction                  

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods           

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction              

                2.2 Analysis Design         

                2.3 Research Phases      

                                2.3.1 Secondary Research

                                2.3.2 Primary Research

                                2.3.3 Econometric Modelling

                                2.3.4 Expert Validation

                2.4 Study Timeline          

3. Overview                      

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 New Developments

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                      

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market

5. Market Segmentation                              

                5.1 By Type        

                                5.1.1 Dressings

                                5.1.2 Therapy Devices

                                5.1.3 Active wound care

                5.2 By Application           

                                5.2.1 Skin ulcers

                                5.2.2 Surgical wounds

                                5.2.3 Burn Wounds

                5.3 By End User

                                5.3.1 In-patient services

                                5.3.2 Out-patient services

6. Geographical Analysis                              

                6.1 North America          

                                6.1.1 United States

                                6.1.2 Canada 

                6.2 Europe         

                                6.2.1 United Kingdom

                                6.2.2 Germany

                                6.2.3 France

                                6.2.4 Italy

                                6.2.5 Spain

                6.3 Asia-Pacific 

                                6.3.1 China

                                6.3.2 India

                                6.3.3 Japan

                6.4 Latin America            

                                6.4.1 Brazil

                                6.4.2 Rest of Latin America

                6.5 Middle East & Africa

                                6.5.1 Middle East

                                6.5.2 Africa

7.Strategic Analysis                        

                7.1 PESTLE analysis         

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8.Market Leaders' Analysis                          

                8.1 Acelity          

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Strategic Evaluation and Operations

                                8.1.4 Financial analysis

                                8.1.5 Legal issues

                                8.1.6 Recent Developments

                                8.1.7 SWOT analysis

                                8.1.8 Analyst View

                8.2 Coloplast     

                8.3 3M Health care         

                8.4 Medtronic  

                8.5 Integra Lifesciences

                8.6 Derma Sciences        

                8.7 ConvaTac    

                8.8 Smith & Nephew     

                8.9 Molnylcke   

                8.10 Organogenesis       

9.Competitive Landscape                            

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis        

                9.3 Agreements, collaborations, and Joint Ventures          

                9.4 New Product Launches          

10.Expert Opinions                         

                10.1 Market Outlook     

                10.2 Investment Opportunities 

Appendix                           

                a) List of Tables

                b) List of Figures              

  1. Global Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  2. Global Dressings Market, By Region From 2022 - 2027 (USD Million)
  3. Global Therapy Devices Market, By Region From 2022 - 2027 (USD Million)
  4. Global Active Wound Care Market, By Region From 2022 - 2027 (USD Million)
  5. Global Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  6. Global Skin Ulcers Market, By Region From 2022 - 2027 (USD Million)
  7. Global Surgical Wounds Market, By Region From 2022 - 2027 (USD Million)
  8. Global Burn Wounds Market, By Region From 2022 - 2027 (USD Million)
  9. Global Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  10. Global In-patients Market, By Region From 2022 - 2027 (USD Million)
  11. Global Out-patients Market, By Region From 2022 - 2027 (USD Million)
  12. North America Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  13. North America Dressings Market, By Region From 2022 - 2027 (USD Million)
  14. North America Therapy Devices Market, By Region From 2022 - 2027 (USD Million)
  15. North America Active Wound Care Market, By Region From 2022 - 2027 (USD Million)
  16. North America Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  17. North America Skin Ulcers Market, By Region From 2022 - 2027 (USD Million)
  18. North America Surgical Wounds Market, By Region From 2022 - 2027 (USD Million)
  19. North America Burn Wounds Market, By Region From 2022 - 2027 (USD Million)
  20. North America Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  21. North America In-patients Market, By Region From 2022 - 2027 (USD Million)
  22. North America Out-patients Market, By Region From 2022 - 2027 (USD Million)
  23. United States Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  24. United States Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  25. United States Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  26. Canada Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  27. Canada Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  28. Canada Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  29. Europe Surgical Wounds Market, By Region From 2022 - 2027 (USD Million)
  30. Europe Burn Wounds Market, By Region From 2022 - 2027 (USD Million)
  31. Europe Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  32. Europe In-patients Market, By Region From 2022 - 2027 (USD Million)
  33. Europe Out-patients Market, By Region From 2022 - 2027 (USD Million)
  34. U.K. Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  35. U.K. Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  36. U.K. Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  37. Germany Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  38. Germany Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  39. Germany Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  40. France Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  41. France Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  42. France Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  43. Italy Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  44. Italy Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  45. Italy Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  46. Spain Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  47. Spain Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  48. Spain Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  49. Asia-Pacific Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  50. Asia-Pacific Dressings Market, By Region From 2022 - 2027 (USD Million)
  51. Asia-Pacific Therapy Devices Market, By Region From 2022 - 2027 (USD Million)
  52. Asia-Pacific Active Wound Care Market, By Region From 2022 - 2027 (USD Million)
  53. Asia-Pacific Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  54. Asia-Pacific Skin Ulcers Market, By Region From 2022 - 2027 (USD Million)
  55. Asia-Pacific Surgical Wounds Market, By Region From 2022 - 2027 (USD Million)
  56. Asia-Pacific Burn Wounds Market, By Region From 2022 - 2027 (USD Million)
  57. Asia-Pacific Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  58. Asia-Pacific In-patients Market, By Region From 2022 - 2027 (USD Million)
  59. Asia-Pacific Out-patients Market, By Region From 2022 - 2027 (USD Million)
  60. Japan Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  61. Japan Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  62. Japan Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  63. China Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  64. China Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  65. China Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  66. India Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  67. India Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  68. India Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  69. Latin America Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  70. Latin America Dressings Market, By Region From 2022 - 2027 (USD Million)
  71. Latin America Therapy Devices Market, By Region From 2022 - 2027 (USD Million)
  72. Latin America Active Wound Care Market, By Region From 2022 - 2027 (USD Million)
  73. Latin America Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  74. Latin America Skin Ulcers Market, By Region From 2022 - 2027 (USD Million)
  75. Latin America Surgical Wounds Market, By Region From 2022 - 2027 (USD Million)
  76. Latin America Burn Wounds Market, By Region From 2022 - 2027 (USD Million)
  77. Latin America Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  78. Latin America In-patients Market, By Region From 2022 - 2027 (USD Million)
  79. Latin America Out-patients Market, By Region From 2022 - 2027 (USD Million)
  80. Brazil Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  81. Brazil Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  82. Brazil Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  83. Rest of Latin America Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  84. Rest of Latin America Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  85. Rest of Latin America Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  86. Middle East & Africa Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  87. Middle East & Africa Dressings Market, By Region From 2022 - 2027 (USD Million)
  88. Middle East & Africa Therapy Devices Market, By Region From 2022 - 2027 (USD Million)
  89. Middle East & Africa Active Wound Care Market, By Region From 2022 - 2027 (USD Million)
  90. Middle East & Africa Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  91. Middle East & Africa Skin Ulcers Market, By Region From 2022 - 2027 (USD Million)
  92. Middle East & Africa Surgical Wounds Market, By Region From 2022 - 2027 (USD Million)
  93. Middle East & Africa Burn Wounds Market, By Region From 2022 - 2027 (USD Million)
  94. Middle East & Africa Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  95. Middle East & Africa In-patients Market, By Region From 2022 - 2027 (USD Million)
  96. Middle East & Africa Out-patients Market, By Region From 2022 - 2027 (USD Million)
  97. Middle East Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  98. Middle East Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  99. Middle East Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)
  100. Africa Advanced Wound Care Market, By Type From 2022 - 2027 (USD Million)
  101. Africa Advanced Wound Care Market, By Application From 2022 - 2027 (USD Million)
  102. Africa Advanced Wound Care Market, By End User From 2022 - 2027 (USD Million)

Please wait. . . . Your request is being processed

FAQ's

How big is the global advanced wound care market?

As per our research report, the global advanced wound care market size is forecasted to grow USD 12.26 billion by 2027.

Which segment by type accounted for the largest share in the global advanced wound care market in 2021?

Based on type, the dressing segment occupied the majority of the share in the global advanced wound care market in 2021. 

Which region led the advanced wound care market in 2021?

Geographically, the majority of the global advanced wound care market was accounted by the North American market in 2021.

Which are the major players operating in the advanced wound care market?

Acelity, Coloplast, 3M Healthcare, Medtronic, Integra Lifesciences, Derma Sciences, ConvaTec, Smith & Nephew, Molnylcke, and Organogenesis are some of the promising companies operating in the global advanced wound care market.

Related Reports

PURCHASE OPTIONS

excel
$

4255


pdf excel
$

5060


pdf excel powerbi
$

7360


excel
$

2500

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 4255

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample