Wound Care Management Devices Market Overview
According to the report Wound Care Management Devices Market, published by Market Data Forecast, the Global was worth USD 20.13 billion in 2018 and estimated to be growing at a CAGR of 3.8%, to reach USD 24.26 billion by 2023. Due to the fast evolution of the market in the usage of wound closure devices, medical device companies which are about to launch new innovative tools will be awarded great benefits.
Traditional wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are difficult to heal, which take considerable time to heal and are costly to treat. Advanced wound care & closure products are rising as a standard solution for treating chronic wounds.
Attempts to decrease the duration of hospital stays in order to limit surgical healthcare expenses and the increasing proclivity towards products that improve therapeutic outcomes are driving the demand for advanced wound care & closure products. The risks coupled with ineffective wound healing promote the demand for combination dressings, which is a modern trend in the market that is replacing traditional wound dressing methods.
Wound Care Management Devices Market Segmentation
The global Wound Care Management Devices market is segmented on the basis of product into Advanced Wound Management Products, Surgical Wound Care and Traditional Wound Care. Advanced Wound Management Products are segmented into advanced wound dressings, Therapy devices and Active wound care. Advanced wound dressings segment is further segmented into foam dressings, hydrocolloid dressings, alginate dressings, hydrogel dressings and collagen dressings. Therapy devices is sub segmented into negative pressure wound therapy, pressure relief devices, oxygen and hyperbaric oxygen devices and electrical stimulation devices. Active wound care segment is divided among artificial & skin substitutes and topical agents. On the basis of type of wound, the market is bifurcated among chronic wounds, acute wounds, surgical & traumatic wounds and burns. Based on end users market is divided among hospitals, clinics and home care settings.
Based on geography the market is analysed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America presently dominates the market for wound care management devices and is estimated to sustain its strong hold for a few more years. Asia Pacific region is anticipated to increase its market share in the future due to the increase in technological advancements.
The prominent players in the wound care market are
Coloplast A/S (Denmark.),
Baxter International Inc. (U.S.),
Hollister Inc. (U.S.),
Mölnlycke Health Care (Sweden),
3M Company (U.S.),
Covidien PLC (Ireland),
Ethicon Inc. (U.S.),
Derma Sciences Inc. (U.S.),
Convatec Healthcare B.S.A.R.L (U.S.),
Acelity L.P/ (U.S.),
Smith & Nephew (U.K.).
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 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
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 Product
5.1.1 Introduction
5.1.2 Advanced Wound Management Products
5.1.2.1 Advanced Wound Dressings
5.1.2.1.1 Foam Dressings
5.1.2.1.2 Hydrocolloid Dressings
5.1.2.1.3 Film Dressings
5.1.2.1.4 Alginate Dressings
5.1.2.1.5 Hydrogel Dressings
5.1.2.1.6 Collagen Dressings
5.1.2.1.7 Other Dressings
5.1.2.2 Therapy Devices
5.1.2.2.1 Negative Pressure Wound Therapy
5.1.2.2.2 Pressure Relief Devices
5.1.2.2.3 Oxygen and Hyperbaric Oxygen Devices
5.1.2.2.4 Electrical Stimulation Devices
5.1.2.2.5 Other Therapy Devices
5.1.2.3 Active Wound Care
5.1.2.3.1 Artificial Skin and Skin Substitutes
5.1.2.3.2 Topical Agents
5.1.3 Surgical Wound Care
5.1.3.1 Tissue Adhesives, Sealants & Glues
5.1.3.2 Anti-infective Dressings
5.1.4 Traditional/Basic Wound Care
5.1.4.1 Medical Tapes
5.1.4.2 Dressings
5.1.4.3 Cleansing Agents
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 Type of Wound
5.2.1 Introduction
5.2.2 Chronic Wounds
5.2.2.1 Diabetic Foot Ulcers (DFU)
5.2.2.2 Pressure Ulcer
5.2.2.3 Venous Leg Ulcer
5.2.2.4 Other Chronic Wounds
5.2.3 Acute Wounds
5.2.4 Surgical & traumatic wounds
5.2.5 Burns
5.2.6 Y-o-Y Growth Analysis, By Type of Wound
5.2.7 Market Attractiveness Analysis, By Type of Wound
5.2.8 Market Share Analysis, By Type of Wound
5.3 End User
5.3.1 Introduction
5.3.2 Hospitals
5.3.3 Clinics
5.3.4 Home Care Settings
5.3.5 Y-o-Y Growth Analysis, By End User
5.3.6 Market Attractiveness Analysis, By End User
5.3.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type of Wound
6.1.3.4 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type of Wound
6.1.4.4 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type of Wound
6.1.5.4 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 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 Coloplast A/S
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Baxter International
8.3 Hollister Inc.
8.4 Mölnlycke Health Care &a
