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Advanced Wound Care Market - By Product (Wound Dressings, Wound Therapy Devices, Others), By Application (Diabetic Wounds, Skin Burns, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By End-use (Hospitals, Homecare Settings) & Forecast, 2021-2027


Published on: 2024-08-03 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Advanced Wound Care Market - By Product (Wound Dressings, Wound Therapy Devices, Others), By Application (Diabetic Wounds, Skin Burns, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By End-use (Hospitals, Homecare Settings) & Forecast, 2021-2027

Advanced Wound Care Market Size

Advanced Wound Care Market size exceeded USD 9.3 billion in 2020 and is anticipated to grow at a CAGR of over 5.6% from 2021 to 2027. Chronic wounds have become more common over the last decade due to the increasing geriatric population, prevalence of diabetes, and obesity worldwide. Obesity and diabetes significantly enhanced the incidence rate and complication of wounds such as ulcerations, surgical wounds, and infections that require treatments.
 

Advanced Wound Care Market Overview

Moreover, increasing cases of age-related wound injuries will further propel the market expansion during the forecast timeline. The impact of COVID-19 on the industry is observed to be negative since a large number of countries adopted lockdown to curb community transmission of the COVID-19 infection. The market witnessed a short-term disruption during the initial days of the COVID-19 pandemic owing to the supply chain disruptions and decline in non-urgent in-person clinic visits resulting in a negative impact. Because of the rapid spread of the coronavirus, several manufacturers in the market have been forced to halt their production and manufacturing operations. The risk of patients contracting COVID-19 infection in hospitals and other healthcare settings curbed the growth of market. Special care and measures are being taken for needy patients in a controlled environment to combat COVID-19 pandemic that will restore the industry growth to some extent.
 

Advanced Wound Care Market Trends

The increasing geriatric population worldwide is one of the major factors that is driving the industry expansion. For instance, according to the Department of Economic and Social Affairs of the United Nations, in 2019, the world population had 703 million people aged sixty-five and above that is further expected to increase to 1.5 billion in 2050. Such a dramatic rise of the geriatric population will create opportunities for advanced wound care as the wounds heal slowly and require more medical attention in geriatric people. Also, in aged people, it becomes difficult to treat wounds due to the high risk of infection, especially in cases of deep wounds.
 

Advanced Wound Care Market Analysis

 The wound dressings segment dominated more than 54% of the advanced wound care market share in 2020 led by the increasing number of road accidents. For instance, according to the National Crime Records Bureau (NCRB) data, road accidents in India injured 442,996 people and killed 181,113 people in 2019. As a result, wound dressings are in high demand. The market will also expand as the prevalence of chronic, surgical, and traumatic wounds rises. Furthermore, the market would benefit from technical developments and launch of next generation advanced kits for wound dressing.
 

Advanced Wound Care Market Size

The diabetic wound segment accounted for USD 1.2 billion in 2020. Growing prevalence of diabetes among adults and geriatric population will flourish the industry progression. Additionally, in some cases a major share of the population suffering with diabetes undergo non-traumatic amputations.
 

The hospital segment was valued at around USD 3.8 billion in 2020. Increasing healthcare expenditure to provide improved patient care along with large number of treatment procedures conducted in hospitals will accelerate the segment growth. In addition, rising incidence of hospital-acquired pressure ulcers increases the demand for advanced wound care that will flourish the industry value.
 

North America Advanced Wound Care Market

North America advanced wound care market captured 40.5% of revenue share in 2020 driven by the presence of well-developed healthcare facilities in the U.S. and Canada and availability of several treatment options. Moreover, the increasing prevalence of chronic injuries across the U.S. coupled with increasing healthcare spending is also predicted to stimulate the industry demand in the coming years.
 

Advanced Wound Care Market Share

Some of the prominent players operating in the market include

  • 3M
  • Coloplast
  • Hollister Incorporated
  • Medline Industries
  • Molnlycke
  • HARTMANN International
  • ConvaTec Group
  • MPM Medical
  • Smith and Nephew
  • Organogenesis
  • Integra LifeSciences Corporation
  • BSN Medical (Essity AB)
  • Beiersdorf global
  • Lohmann & Rauscher
  • B. Braun

These market participants are implementing various growth strategies to sustain market competition.

The advanced wound care market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments

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Market, By Product, 2016-2027 (USD Million)

  • Wound dressings 
    • Antimicrobial dressing
    • Alginate dressing
    • Hydrogel dressings
    • Foam dressings
    • Film dressings
    • Hydrocolloidal dressings
    • Others
  • Wound therapy devices
    • Negative pressure wound therapy systems
    • Pressure relief devices
    • Electrostimulation devices
    • Oxygen and hyperbaric oxygen equipment
    • Others
  • Others
    • Growth factors
    • Others

Market, By Application, 2016-2027 (USD Million)

  • Diabetic wounds
  • Skin burns
  • Pressure wounds
  • Surgical wounds
  • Venous legs ulcers
  • Others

Market, By End-use, 2016-2027 (USD Million)

  • Hospitals
  • Homecare settings
  • Others

The above information is provided for the following regions and countries

  • North America 
    • U.S.
    • Canada 
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherlands
    • Belgium
    • Austria 
  • Asia Pacific 
    • Japan
    • China
    • India
    • Australia
    • South Korea 
  • Latin America 
    • Brazil
    • Mexico
    • Argentin 
  • Middle East & Africa 
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )