The size of the advanced wound care market at a global level to grow USD 11.8 billion by 2025 from USD 9.4 billion in 2020, growing at a CAGR of 4.52% during the forecast period.
Chronic wounds take a longer time to heal and are more expensive to treat. Advanced wound care is a standard solution for treating chronic injuries. Traditional wound care products are increasingly being replaced by advanced wound care products to manage wounds by accelerating healing. Additional benefits include maintaining a hydrated environment, maintaining a constant temperature, flowing oxygen, protecting the site from exogenous infections, and reducing the pain associated with changing dressings. Advanced wound care products include hydrocolloids, hydrogels, film and foam bandages, alginate, etc.
Industry Growth Drivers
MAJOR CHALLENGES
REPORT COVERAGE
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
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 |
The Global Advanced Wound Care Market has been segmented and sub-segmented into the following categories:
Advanced Wound Care Market Analysis - By Type
Based on the type, the Dressing type segment is holding the highest shares of the global advanced wound care market. Rising awareness over the feasibility in the advanced wound care treatment process is propelling the growth of this segment. Also, the growing scale of research centres to introduce new techniques and also to manufacture quality products is elevating the demand of the market.
Advanced Wound Care Market Analysis - By Application
By application, the Skin ulcer application category is leading with the largest shares of the advanced wound care market. The rise in the demand to have effective treatment procedures at any cost is prompting the growth of the market.
Advanced Wound Care Market Analysis - By End User
Based on end-user, the In-patient services category is having the fastest growth rate from the past decade and is also to hit the highest CAGR in foreseen years. Growing prevalence for faster healing treatment procedures is surging the demand for the advanced wound care market.
Regional Insights
In 2019, the global advanced wound care market was led by North America by owing to the acceptance of the latest technologies and also the launch of innovative products.
The Asia Pacific is next to North America in leading dominant shares of the market with the rise in the elderly population and also growing demand for proper diabetes health management.
Europe will have the highest growth rate from the past decade by increasing investments in the development of new products in favour of 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 leading the global advanced wound care market are:
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 which is an Ohio based company. This product helps in the treatment of wounds which is prominent in addressing bioburden and promotes comfort for the patient.
On 13th Feb 2019, In Rensselaer, USA, an advanced wound healing centre has been inaugurated by Franciscan Health Rensselaer which offers emergency department for the patients at any time.
In 2018, the United States FDA approved Axio Biosolutions for the introduction of 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
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