Uploaded on Jul 28, 2021
The advanced wound care market accounted to US$ 8,181.9 Mn in 2017 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2025, to account to US$ 11,564.6 Mn by 2025. Asia Pacific is the fastest geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. Asia Pacific market is driven by the factors such as to huge patient population, increases in the number of surgical procedures and rising number of wound care admit to hospitals and ambulatory care centers.
Advanced Wound Care Market
Advanced Wound Care Market
Advanced Wound Care Market to 2025 -
Global Analysis and Forecasts By
Product (Dressings, Devices, and
Bioactives), Wound Type (Surgical,
Trauma, Burns, Ulcers, Diabetic Foot,
Others), End User (Hospitals & Clinics,
Ambulatory Care Centers, Wound Care
Centers, and Others) and Geography
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Current and future Market Scenario
According to The Insight Partners market research study titled "Advanced Wound Care Market to 2025 –
Global Analysis and Forecasts by Product, Wound Type and End User, the global advanced wound care
market is expected to reach US$ 11,564.6 Mn in 2025 from US$ 8,181.9 Mn in 2017“
The market is estimated to grow with a CAGR of 4.5% from 2016-2025. The report highlights the trends
prevalent in the global advanced wound care market and the factors driving the market along with those
that act as deterrents to its growth.
Global advanced wound care market, based on the product was segmented into dressings, advanced wound
devices, and advanced wound bioactives. In 2017, the dressings segment held the largest share of the
market, by product. The dressings led the market in 2017, contributing for the largest market share and is
expected to retain its dominance during the forecast period from 2018 to 2025.
This segment is also expected to dominate due to the increased demand for dressings and it is also expected
to grow at the fastest rate during the coming years since the dressings provide better healing properties.
Advanced wound care treatments revolve around the principle of moisture therapy, which provides moisture
to the wound site to encourage natural cell repair while giving the wound room to breathe.
Key Findings
The market for advanced wound care is expected to grow due to increasing prevalence of diabetes &
related chronic wounds, technological advancement in advanced wound care products and increasing rise
in the geriatric population are boosting the market over the years. In addition, the increasing medical
tourism in emerging nations are likely to have a positive impact on the growth of the market in the coming
years.
Market Insights
Increasing Prevalence of Diabetes & Related Chronic Wounds
Diabetes is one of the largest global health emergencies of the 21st century. Each year more and more
people live with this condition, which can result in life-changing complications. According to the
International Diabetes Federation (IDF), in 2017, number of people with diabetes in North America was
approximately 46 million which is expected to grow at 62 million in 2045. The increase in the disease
prevalence is around 35% during the forecast period. Type 2 diabetes is the most prevalent form of diabetes
and has increased alongside cultural and societal changes. In high-income countries up to 91% of adults with
the disease have type 2 diabetes. As per the report of IDF, one in 11 adults have diabetes in 2015, and it will
decrease to one in 10 adults till 2040.
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Market Segments
Global Advanced Wound Care
Market – By Product
Dressings Global Advanced Wound Care Global Advanced Wound Care
Film Dressings Market – By Wound Type Market – By End User
Hydrogel Dressings Surgical Hospitals & Clinics
Foam Dressings Trauma Ambulatory Care Centers
Hydrocolloid Dressings Burns Wound Care Centers
Ulcers Others
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Dominating Segments
Technological Advancement in Advanced Wound Care Products
Advanced wound care products are ideally preferred for the post-surgery wound treatment. In October 2017,
Integra LifeSciences Holdings Corporation launched the Revize / Revize-X Collagen Matrix, for plastic and
reconstructive surgery. The matrix is an expandable matrix which is offering up to double the initial coverage
area once hydrated and fully expanded. Likewise, Acelity innovated the V.A.C.ULTA Therapy System in the
U.S. in April 2017, The V.A.C.ULTA Therapy System, is latest generation negative pressure wound therapy
(NPWT) system, which improve clinicians’ experiences by leveraging first-to-market connectivity technology.
Product Insights
The global advanced wound care market by product was led by dressing segment. In 2017, the dressing
segment held a largest market share of 46.8% of the advanced wound care market, by product. The dressing
segment is expected to dominate the market in 2025 owing to the rising incidences of the people
experiencing small and minute wounds due to the several physical activities. This segment is anticipated to
witness the fastest growth rate during the forecast period, 2018 to 2025.
Dominating Segments
Wound Type Insights
The advanced wound care market by wound type is segmented into ulcers, burns, trauma, surgical, and diabetic foot. The
surgical segment held the largest share of the market, by wound type. In addition, the surgical wound is also expected to
grow at the fastest rate during the coming years owing to factors such as, rising number of surgical procedures, and
increasing wounds due to the surgical procedures.
End User Insights
The advanced wound care market by end user is segmented into hospitals & clinics, ambulatory care centers, wound care
centers, and others. The hospitals & clinics segment is anticipated to grow at a CAGR of 5.1% during the forecast period. The
segment is expected to drive market due to the advanced treatments offered by the hospitals and clinics are the first aid
providers to the patients.
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Dominating Segments
The report segments the global advanced wound care market as follows:
Global Advanced Wound Care Market – By Product
Dressings
Film Dressings
Hydrogel Dressings
Foam Dressings
Hydrocolloid Dressings
Other Dressings
Devices
Electrical Stimulation
Pressure Relief Devices
Hyperbaric Oxygen Equipment
Negative Pressure Wound Therapy Systems
Others
Bioactives
Autografts
Allografts and Xenografts
Topical Agents
Others
Dominating Segments
Global Advanced Wound Care Market – By Wound Type
Surgical
Trauma
Burns
Ulcers
Diabetic Foot
Others
Global Advanced Wound Care Market – By End User
Hospitals & Clinics
Ambulatory Care Centers
Wound Care Centers
Others
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Leading Players
Company Profiles
Smith & Nephew
Acelity L.P.
Braun Melsungen AG
Integra Lifesciences Corporation
ConvaTec
3M
MiMedx, Inc.
Mölnlycke Health Care
Paul Hartmann AG
Cardinal Health, Inc.
REGIONAL FRAMEWORK
REGIONAL FRAMEWORK
Hemophilia Treatment Market
Hemophilia Treatment Market
Access Full Research Report at:
https://www.theinsightpartners.com/reports/advanced-wound-care-market/
Thank You!
Thank You!
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