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Pulished Date February, 2020
ID: 87
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North America Advanced Wound Care Market Research Report - By Type, Application, End-User, Country (the United States, Canada, Mexico and Rest of North America) - Analysis on Size, Share, Trends, Growth, Forecast | 2020 to 2025

Pulished: February, 2020
ID: 87
Pages: 144

North America Advanced Wound Care Market Size (2020 to 2025)

The size of the Advanced Wound Care Market in North America has been estimated at USD 11.25 billion in 2020 and is projected to reach USD 4.47 billion by 2025, at a CAGR of 3.46% during the forecast period.

Advanced wound care devices provide respite to the people who endure chronic wounds, which are often time-consuming and expensive to treat. Technology has leapfrogged in this area. Advanced wound care products are gradually replacing their traditional counterparts as they enable faster healing of chronic wounds.

Advanced Wound care market caters readily accessible and reasonably priced products to the patients suffering from chronic wounds. Treatment in advanced wound care includes interventions therapies and products such as collagen products, hydrocolloids, antimicrobial dressings, foam dressings, alginate dressings, gauze composites, film dressings, and hydrogels, among others. As technology becomes much more advanced and user-friendly, the quality of life of patients afflicted with chronic wounds in North America rises.

Technological advances mainly drive the North American market, Increasing Aging Population, Increasing Hospital costs, Growing Incidences of Chronic Wounds and diabetes, initiatives taken by the government, and a pressing need for swift and safer treatment of chronic wounds.  The High cost associated with the treatment and reimbursement issues are the main factors that hinder the North American market.

This research report segmented and sub-segmented into the following categories:

  • By Type: Dressings, Therapy Devices, & Active Wound Care
  • By Application: Skin Ulcers, Surgical Wounds, & Burn Wounds
  • By End-User: Inpatient Services & Outpatient Services.
  • By Country: The United States, Canada, Mexico & Rest of North America

North America is the leading market in the global advanced wound care market and is projected to continue its domination in the market during the forecast period. The USA accounts for a significant part of the North American market with the most extensive consumer base. Factors such as rising incidences of diabetes, technological advancements, and encouraging government policies to drive the market in this region. However, the high cost associated with the treatment is a vital factor that is hampering the growth of the market across North America.

The market has more significance with trends showing that people desire more efficient solutions for their illnesses. This technology is especially inclined towards the elderly population in this region, for whom easily accessible healthcare is paramount.

The U.S. advanced wound care market is anticipated to reach 3.0 billion by 2020. The growing use of biological wound care in the U.S. is leveling up the growth rate of the market. The smith nephew and 3M is the prominent player in the U.S. providing highly advanced wound care in the market. According to the cancer society researcher, nearly 740000 people are diagnosed with cancer in 2019, where this is to fuel the demand of the United States advanced wound care market to the extent. 

Canadian advanced wound care market is expected to play a significant role in the North American market shortly due to the fastest-growing diabetes and cancer patients in the region. Increasing awareness through campaigns is also likely to bolster the demand of the market. 

Mexico advanced wound care market is growing significantly in North America region due to rising chronic wounds and ulcers. The increase in the number of leg ulcers patients in the region demand for advanced wound care products.

Companies leading the North American Advanced Wound Care Market profiled in this report are Acelity L.P., Inc., Smith and Nephew Plc.  (Market share is around 15-20%), Mölnlycke Health Care, ConvaTec, Inc., Coloplast Corp., 3M Healthcare, Medtronic, Integra Lifesciences Corporation, and Organogenesis Inc.

The recent trends in mergers and acquisitions show that smaller companies are working with bigger ones for advanced innovations in the global anesthesia monitoring devices market by utilizing their core competencies. The future of this technology looks pretty optimistic as it offers considerable potential for change in treating patients all over the world.

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 United States            

                6.2 Canada         

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              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Advanced Wound Care Market, By Type From 2020 to 2025 (USD Billion)
  2. North America Dressings Market, By Region From 2020 to 2025 (USD Billion)
  3. North America Therapy Devices Market, By Region From 2020 to 2025 (USD Billion)
  4. North America Active Wound Care Market, By Region From 2020 to 2025 (USD Billion)
  5. North America Advanced Wound Care Market, By Application From 2019 - 2024 (USD Billion )
  6. North America Skin Ulcers Market, By Region From 2020 to 2025 (USD Billion)
  7. North America Surgical Wounds Market, By Region From 2020 to 2025 (USD Billion)
  8. North America Burn Wounds Market, By Region From 2020 to 2025 (USD Billion)
  9. North America Advanced Wound Care Market, By End User From 2020 to 2025 (USD Billion)
  10. North America In-patients Market, By Region From 2020 to 2025 (USD Billion)
  11. North America Out-patients Market, By Region From 2020 to 2025 (USD Billion)
  12. United States Advanced Wound Care Market, By Type From 2020 to 2025 (USD Billion)
  13. United States Advanced Wound Care Market, By Application From 2020 to 2025 (USD Billion)
  14. United States Advanced Wound Care Market, By End User From 2020 to 2025 (USD Billion)
  15. Canada Advanced Wound Care Market, By Type From 2020 to 2025 (USD Billion)
  16. Canada Advanced Wound Care Market, By Application From 2020 to 2025 (USD Billion)
  17. Canada Advanced Wound Care Market, By End User From 2020 to 2025 (USD Billion)

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