Financial and emotional burden of wound instances pertaining to both infectious and non-infectious types continue to pose palpable turmoil. Mindful handling of wounds has therefore kindled rapid strides in wound care tactics, allowing the global advanced wound care market to register flourishing returns.
The global market for the Advanced Wound Care is anticipated to develop at a compound annual growth rate (CAGR) of 6.8% throughout the course of the forecast, to reach USD 15.91 billion by 2029.
Pathological conditions such as diabetes and cancer besides lifestyle conditions such as obesity significantly impose chronic wounds such as diabetic foot. Recent report by Wound Healing Society and European Tissue Repair Society opine that the US alone makes up for a total 6.5 million cases of chronic wounds annually, with enormous financial burden, and the statistics are likely to rise in the coming years. Factors as such are accounted to contribute optimally towards optimistic growth outlook in global advanced wound care market.
Emergence of pH Sensors, Trending in Flexible Wound Care
Further in advanced wound care wound monitoring is crucial. Real time data on wound monitoring is often facilitated by pH reading, thus furthering new developments in pH sensors. Recent studies suggest integration of these advanced pH sensors into wound dressing to accelerate healing process.
Post-Surgical and Emergency Wound Care Remain Prominent Boosters
Closely following suit is the astounding growth in post-surgery procedures which necessitates emergency wound care, facilitating rampant reliance on advanced wound care. Besides road accidents, mishaps and the like, unforeseen occurrences of natural calamities also reinforce the need for improved patient care, thus influencing massive reliance on advanced wound care aid.
Contrary to standard wound care materials, modern practices in wound care are fast embracing novelties such as biomaterial composition for improved outcome. Most decisive manifestations of poor wound care are soars and ulcers stemming from chronic wound history.
Despite growing need for advanced wound care practices, the market is still striving to offset prevalent limitations such as toxicity caused by conventional wound care practices. Such instances are anticipated to markedly dent onward growth in global advanced wound care market. In this light, leading market players are constantly striving to achieve breakthroughs, thus paving way for novel composition such as silver and silicone materials.
Silver Integration in Regular Foam Based Wound Dressings to Amplify Healing Process in Exuding Wounds
Revenue maximization in advanced wound care space is substantially attributed to growing preferences for foam based wound dressings. Ideal for treating wound infections, foam based wound dressings are gaining much attention owing to their superlative healing capabilities owing to their sturdy shield against microbes, further ensuring ample moisture retention to accelerate healing process. Commonly occurring foam wound dressings such as abrasions, ulcers, infections and the like call for foam based dressings. Additionally, significant advances in compression therapy is further likely to propel high end growth in global advanced wound care.
Advances in foam based dressings such as silicone foam dressing has emerged as an ideal solution for treating wound which are severely exuding. Therefore these foam based wound dressings are extensively used in trauma care and pain relief. Leading market participants often opt for PU film integrated with silicone adhesive that ensures complete adhesion to the wounds, thus accelerating quick recovery. Additionally, these silicone based foam wound dressings are micro adherent and non-toxic.
Further in global wound care space, market participant, Freudenberg Performance Materials, best known for its high end support for medical aids and hospital dress have recently presented diverse solutions based on silicone foam which was presented at European Wound Care Association Conference (EWMA. These novel additions have been improved with silicone and PU foams to accelerate wound healing process. Factors as such are anticipated to draw substantial attention and pose remunerative growth in global advanced wound care market.
Advances in wound care is also initiating notable advances in research endeavors, based on which addition of antimicrobial elements such as silver is strongly supported. This is a significant development further strengthening growth roadmap in global advanced wound care market.
High Concentration of Leading Market Veterans Reinstates North America’s Lead
In terms of regional revenue, North America is expected to remain center stage with far flung advances in technology integration as well as high concentration of industry forerunners in the region. Europe and APAC are also anticipated to share a rosy growth picture in global advanced wound care space owing to rapid adoption rates as well as favorable end-use adoption trends. Further geographical expansion across Asia is identified to further bolster growth spurt, as leading industry titans are aggressively investing in global expansion sprees to bank industry lead.
Additional growth triggers such as advanced infrastructure, robust skill set as well as thriving healthcare funding and infrastructure to mimic growth spurt in global advanced wound care market.
Key Market Players
- Smith & Nephew
- Mölnlycke Health Care
- ConvaTec Group
- B. Braun
- MPM Medical
- Baxter International
electronic lab notebook market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2029||USD 15.91 billion|
|Growth Rate||CAGR of 6.8 % during 2021-2029|
|Segment Covered||Product Type, Wound Type, Wound Class, End User, Distribution Channel, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||3M (US), Smith+Nephew (UK), ConvaTec Group Plc (UK), Coloplast Group (Denmark), Mölnlycke Health Care AB (Sweden), Integra LifeSciences (US), PAUL HARTMANN (Germany), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (US), Organogenesis Inc. (US), Misonix, Inc. (US), MIMEDX (US), Zimmer Biomet (US), Lohmann & Rauscher GmbH & Co. KG (Germany), DeRoyal Industries, Inc. (US), Medline Industries, Inc. (US), Johnson & Johnson Private Limited (US), Baxter (US), Medtronic (Ireland), Hollister Incorporated (US)|
Following is a snapshot of some of the most prominent segments in global wound care market.
Advanced Wound Care Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||Product Type, By End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Smith & Nephew, Mölnlycke Health Care, ConvaTec Group, Coloplast, B. Braun, Cardinal, MPM Medical, Baxter International, Acelity|
By Product Type: Advanced Wound Care Market
- Moist Wound Dressings
- Wound Therapy Devices
- Pressure Relief Devices
- Negative Pressure Wound Therapy Systems
- Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Other Wound Therapy Devices
- Active Wound Care
- Artificial Skin and Substitutes
- Topical Agents
- By Type of Wound
- Surgical Wounds
- Traumatic Wounds
- By End-User
- Hospitals and Clinics
- Home Care Settings
- Other End Users
- By Region
- North America
- Asia Pacific
- The Middle East and Africa
- South Africa
- South America
- North America
Key Market Movements
- Rise in bacterial infection to drive adoption
- Use of bio based materials such as silver trending in advanced wound care
- Constant rise in chronic wounds related to lifestyle ailments to support growth
- Leading market participants vouch for superlative antimicrobial properties of silicon
- Flexible wound care sensors a significant breakthrough
- Industry Associations
- Patent Websites
- Company Annual Reports
- Company Websites
- Key industry leaders
- Technology consultants
- Healthcare service providers
- Raw material suppliers
- Regulatory Authorities
- Research and Innovation Organizations
- Suppliers and Distributors
- Other Channel Partners
- Quality Control Organizations
- Environmental Authorities
Key Questions Answered
- Market valuation in terms of value and volume of the global advanced wound care market through the forecast span, 2019-25
- Comprehensive market evaluation across major regions based on market segmentation
- A thorough rundown on market dynamics such as drivers, threats, challenges, opportunities
- A clear analytical review of competition spectrum, highlighting industry forerunners, company as well as product portfolios
- Major highlights on winning marketing strategies adopted by leading players