Global and Malaysia Advanced Wound Care Market Size By Product (Dressings, Devices), By End-user (Hospitals & Clinics, Home Care Settings), By Wound Type (Surgical Wounds, Burns), By Dressing (Foam, Film, Hydrocolloids, & Devices), By (Negative Pressure Wound Therapy (NPWT), Debriment), And Forecast

Global And Malaysia Advanced Wound Care Market Size And Forecast

Global and Malaysia Advanced Wound Care Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

Older people with chronic diseases contribute to the significant growth of the market. These dressings are mainly used for chronic ulcers, traumatic wounds, and surgical wounds. Thus, the effectiveness of a combination dressing leads to an increase in its demand, which has a positive impact on the growth of the market. The Global and Malaysia report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global And Malaysia Advanced Wound Care Market Definition

A wound is a type of injury in which skin or any body tissue is cut, torn, or punctured. Wounds may cause damage to the skin, blood vessels, nerves, muscles, bones, joints, and internal organs. Any kind of mechanical, chemical, thermal, or radiogenic damage can cause wounds. Wounds can be broadly classified into two typesacute and chronic. Acute wounds heal faster, with the reparative process occurring at a predictable and expected rate; on the other hand, chronic wounds fail to heal in a predictable amount of time. Body tissue has the ability to repair itself after injury. However, a number of diseases such as diabetes, immunological and dermatological diseases, and other chronic diseases can cause interruption or failure of the wound healing process.

Global And Malaysia Advanced Wound Care Market Overview

According to the International Diabetes Federation (IDF), there are currently over 460 million persons aged 20 to 79 living with diabetes globally, with this figure anticipated to climb to 700 million by 2045. Diabetes is a chronic disease that has been linked to the development of complicated diseases that do not heal on their own and necessitate surgery. Diabetic foot ulcers, for example, are frequently infectious, and patients may require amputations as a result. Advanced wound care dressings and equipment come in handy in these situations to help patients feel better. Thus, older people with chronic diseases contribute to the significant growth of the market. The commonly used combination dressings are silver alginate dressings, silver collagen dressings, collagen hydrochloride dressings, and foam dressings. These dressings are mainly used for chronic ulcers, traumatic wounds, and surgical wounds. Thus, the effectiveness of a combination dressing leads to an increase in its demand, which has a positive impact on the growth of the market.

However, the high cost of chronic wound treatments and advanced wound care products may negatively affect their adoption, especially in cost-sensitive markets such as Asia and the RoW. Patients and physicians in these regions opt for less-expensive advanced wound care products. Although there are many bio-engineered dressings available in these markets, physicians and patients tend to opt for traditional and basic wound care products due to their low costs.

Global And Malaysia Advanced Wound Care MarketSegmentation Analysis

The Global and Malaysia Advanced Wound Care Market is segmented on the basis of Product, End-user, Wound Type, Dressing, & Devices.

Global And Malaysia Advanced Wound Care Market, By Product

• Dressings• Devices• Active Wound Care

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Based on Product, the market is bifurcated into Dressings, Devices, and Active Wound Care. Retail Colocation accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 12.67% during the forecast period. Advanced wound care dressing products are mainly used for managing chronic wounds. These products are different from the conventionally used wound care products as they are designed to improve the healing time. Chronic and acute wounds are mostly outcome of the chronic medical conditions such as diabetes, venous and arterial ulcers or diseases, bacterial infections, edema, limited mobility and others. Thus, for protecting as well as promoting wound healing, advanced dressing products including contact layers, foams, hydrocolloids, hydrogels, bandages, and gauze among others are used.

Global And Malaysia Advanced Wound Care Market, By End-User

• Hospitals & Clinics• Home Care Settings• Others

On the basis of End-User, the Global and Malaysia Advanced Wound Care Market has been segmented into Hospitals & Clinics, Home Care Settings, and Others. There is an increasing demand for advanced wound care due to the availability of advanced treatments provided in hospitals & clinics segments such as for burns, pressure ulcers, venous leg ulcers, comprised skin grafts and flaps, diabetic wounds of the lower extremities, and necrotizing infections. The above wound care is being treated by various advanced therapy in hospitals & clinics namely growth factor therapy, bioengineered tissues, biosynthetic dressings, hyperbaric oxygen therapy, as well as negative pressure wound therapy are uplifting the demand for advanced wound care in hospitals & clinics. Due to growing developments and technological advancements in developing countries, the hospital & clinic segment is anticipated to grow fastest during the forecasted period.

Global And Malaysia Advanced Wound Care Market, By Wound Type

• Surgical Wounds• Burns• Traumatic Wounds• Ulcers• Others

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On the basis of Wound Type, the Global and Malaysia Advanced Wound Care Market has been segmented into Surgical Wounds, Burns, Traumatic Wounds, Ulcers, and Others. A surgical wound is a cut or incision that happens on the skin layer usually made up by a scalpel at the time of surgery. It can be developed depending on various medical factors such as diabetes or weak immune system. Further, surgical wounds can be developed during emergency surgeries, abnormal surgeries, and surgeries that last longer than two to three hours which makes higher chances to bring the infection. Also, people who are active smokers, overweighted or having other medical issues have higher risk of developing infections after surgery. Growing healthcare problems and surgical procedures across the world are increasing the demands for surgical wounds treatments in the market. Furthermore, the expansion and advancements in healthcare infrastructures are going to create new opportunities in the future.

Global And Malaysia Advanced Wound Care Market, By Dressing

• Foam• Film• Hydrocolloids• Collagen• Others

On the basis of Dressing, the Global and Malaysia Advanced Wound Care Market has been segmented into Foam, Film, Hydrocolloids, Collagen, and Others. Foam dressings are types of dressings made from the polymer material that includes an anti-adhesion wound contact layer, infiltration layer, and waterproof and germ-resistant layer for wound care management. These dressings are extremely soft and absorbent that provide cushion-like protection to the wound from external damage. The foam dressings provide a moistly and closed wound healing environment and absorb excessive exudate released by the wound (around 20 times of their weight). The high absorption property of such dressings helps in healing the wound at a faster pace. As foams are permeable material, which allows entry of the air, oxygen, and water vapor, however, prevent the entry of bacteria. Foams are available in various sizes and shapes and can be used as the primary dressing as well as a secondary dressing.

Global And Malaysia Advanced Wound Care Market, By Devices

• Negative Pressure Wound Therapy (NPWT)• Debriment• Others

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On the basis of Devices, the Global and Malaysia Advanced Wound Care Market has been segmented into Negative Pressure Wound Therapy (NPWT), Debriment, and Others. The demand for Negative pressure wound therapy (NPWT) is growing on the grounds of increasing incidence of chronic wounds among the population with chronic medical conditions such as diabetes. According to the statistics by the society of vascular surgery, diabetes is one of the chronic diseases with high incidence, wherein, around 80% of diabetes-related lower limb amputations lead to Diabetic Foot Ulcer (DFU). Increasing risk of the surgical site infection, as it is considered as common hospital-acquired infections, accounting for 20 percent of all hospital-acquired infections.

Key Players

The “Global and Malaysia Advanced Wound Care Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Smith & Nephew, ConvaTec Group, Integra Lifesciences, Coloplast, 3M, B. Braun, Mimedx Group, Medtronic, Cardinal Health and Mölnlycke Health Care. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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