Global Advanced Wound Care Management Market

Advanced Wound Care Management Market by Wound Types (Chronic Wound [Diabetic Foot Ulcer, Pressure Ulcer, Arterial & Venous Ulcer, and Others] and Acute Wound [Surgical Wounds, Burns, and Others]), Products (Active Wound Care[ Skin Substitutes, and Growth Factors], Therapy Devices [Negative Pressure Wound Therapy, Pressure Relief Devices, Hyperbaric Oxygen Equipment, Compression Therapy, and Others], Wound Dressings [Film Dressings, Foams Dressings, Hydrogel Dressings, Collagen Dressings, and Others]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-4454
  • Author: Growth Market Reports
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The advanced wound care management market size is projected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing chronic illness and rising instances of accidents, natural calamities, and others.

Global Advanced Wound Care Management Market summary

According to the World Health Organization (WHO), 422 million people have diabetes, with 15-20% of patients developing foot ulcers over their lifetime. Diabetic foot ulcers provide a significant issue for surgeons since they are difficult to heal, resulting in foot amputations in certain cases and posing a significant financial burden for patients.

The prevalence and forms of wounds are changing as a result of changes in ageing demography and rising incidence of chronic illnesses. Although surgical wounds continue to dominate the overall number of events, chronic wound are increasing due to the development of chronic illnesses such as diabetic ulcers and others.

Technological progress has become crucial. Healthcare practitioners are speeding up their research in order to find sophisticated wound care treatments. To address wound healing problems several methodologies have been developed ranging from cell proliferation tests, cell cytotoxicity assays, and cell viability assays.

Any damage which causes a continuous break of the wound considered to be a wound. Wounds caused by small and severe accidents have been steadily growing in recent years, necessitating the employment of efficient drugs and treatments for speedy recovery. Various chronic disorders also add to the growing awareness about wounds across the world.

Treatment of injured cardiac tissue in individuals with a high bleeding propensity is difficult, however with the introduction of improved technologies the practice of healing such wounds has altered.

New items are often accessible in hospitals and trauma centers, and they have a wide variety of applications. With its exceptional characteristics, hemostat has become a highly popular instrument as wound closure material.

Increasing adoption rate of advanced wound dressings, such as hydrocolloids and wound contact layers, are constantly improving dressings. Moreover, effective combination of antibiotics and pain relievers with dressings resulting into speedy recoveries.

Digital wound measuring instruments are currently available in the market. These gadgets employ electronic medical measuring to quantify wounds in three dimensions. In comparison to traditional wound assessment instruments, this delivers more precise data.

Market Trends, Drivers, Restraints, and Opportunities

  • Rapid growth of healthcare and medical equipment industries are major factors propelling the market.
  • Growing ageing population is anticipated to drive the market in the coming years.
  • Associations and government investments are encouraging the development of new and innovative technologies to improve wound care management is expected to fuel the market.
  • Increasing number of diabetic and chronic patients is projected to boost the market during the forecast period.
  • Rising demands for home care systems and first aid kits is projected to drive the market.
  • High cost of wound care is expected to hinder the market growth.
  • Inadequate knowledge about management of chronic and acute wounds acts as key challenges that can restrict the market expansion during the forecast period.
  • Biosensor technology in wound management is anticipated to create immense opportunities for the market players.

Scope of the Report

The report on the global advanced wound care management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Advanced Wound Care Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Wound Types (Chronic Wound [Diabetic Foot Ulcer, Pressure Ulcer, Arterial & Venous Ulcer, and Others] and Acute Wound [Surgical Wounds, Burns, and Others]), Products (Active Wound Care [Skin Substitutes, and Growth Factors], Therapy Devices [Negative Pressure Wound Therapy, Pressure Relief Devices, Hyperbaric Oxygen Equipment, Compression Therapy, and Others], Wound Dressings [Film Dressings, Foams Dressings, Hydrogel Dressings, Collagen Dressings, and Others])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

DANAHER corporation (Beckman Coulter, Inc.); Bio-Rad Laboratories Inc.; Luminex Corporation; Sysmex Corporation; Becton; Dickinson and Company

Global Advanced Wound Care Management Market Segment Insights

The diabetic foot ulcer segment is projected to hold a major market share

Based on wound types, the advanced wound care management market is bifurcated into chronic wound and acute wound. The chronic wound closure segment is further segmented into diabetic foot ulcer, pressure ulcer, arterial & venous ulcer, and others. The diabetic foot ulcer segments is expected to represent a key share of the market during the forecast period owing to increasing incidences of diabetic ulcers and traumatic wounds also overall rising frequency and complexity of wounds such as infections, chronic wounds, and ulcerations (leg or foot ulcers).

The wound dressings segment is expected to grow at a rapid pace

On the basis of products, the advanced wound care management market is segmented into active wound care, therapy devices, and wound dressings. The wound dressings segment is further segregated into film dressings, foams dressings, hydrogel dressings, collagen dressings, and others. The film dressings segment is expected to account for a key share of the market in the coming years due to foams as pleasant, conformable, and effective in absorbing huge volumes of wound exudate while keeping the site wet.

Asia Pacific is anticipated to dominate the market

On the basis of regions, the advanced wound care management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to potential of rapidly growing economies has mostly gone untapped.

Global Advanced Wound Care Management Market region

Segments

The advanced wound care management market has been segmented on the basis of
Wound Types

  • Chronic Wound
    • Diabetic Foot Ulcer
    • Pressure Ulcer
    • Arterial & Venous Ulcer
    • Others
  • Acute Wound
    • Surgical Wounds
    • Burns
    • Others

Products

  • Active Wound Care
    • Skin Substitutes
    • Growth Factors
  • Therapy Devices
    • Negative Pressure Wound Therapy
    • Pressure Relief Devices
    • Hyperbaric Oxygen Equipment
    • Compression Therapy
    • Others
  • Wound Dressings
    • Film Dressings
    • Foams Dressings
    • Hydrogel Dressings
    • Collagen Dressings
    • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the advanced wound care management market include Smith & Nephew; Coloplast AS; Integra Life Sciences Corporation; Paul Hartmann AG; ConvaTec Group Plc.

Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Global Advanced Wound Care Management Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Advanced Wound Care Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Advanced Wound Care Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Advanced Wound Care Management Market - Supply Chain
  4.5. Global Advanced Wound Care Management Market Forecast
     4.5.1. Advanced Wound Care Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Advanced Wound Care Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Advanced Wound Care Management Market Absolute $ Opportunity
5. Global Advanced Wound Care Management Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Advanced Wound Care Management Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Advanced Wound Care Management Demand Share Forecast, 2019-2026
6. North America Advanced Wound Care Management Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Advanced Wound Care Management Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Advanced Wound Care Management Demand Share Forecast, 2019-2026
7. Latin America Advanced Wound Care Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Advanced Wound Care Management Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Advanced Wound Care Management Demand Share Forecast, 2019-2026
8. Europe Advanced Wound Care Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Advanced Wound Care Management Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Advanced Wound Care Management Demand Share Forecast, 2019-2026
9. Asia Pacific Advanced Wound Care Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Advanced Wound Care Management Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Advanced Wound Care Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Advanced Wound Care Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Advanced Wound Care Management Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Advanced Wound Care Management Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Advanced Wound Care Management Market: Market Share Analysis
  11.2. Advanced Wound Care Management Distributors and Customers
  11.3. Advanced Wound Care Management Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Smith & Nephew
     11.4.2. Coloplast AS
     11.4.3. Integra Life Sciences Corporation
     11.4.4. Paul Hartmann AG
     11.4.5. ConvaTec Group Plc.

The advanced wound care management market has been segmented on the basis of
Wound Types

  • Chronic Wound
    • Diabetic Foot Ulcer
    • Pressure Ulcer
    • Arterial & Venous Ulcer
    • Others
  • Acute Wound
    • Surgical Wounds
    • Burns
    • Others

Products

  • Active Wound Care
    • Skin Substitutes
    • Growth Factors
  • Therapy Devices
    • Negative Pressure Wound Therapy
    • Pressure Relief Devices
    • Hyperbaric Oxygen Equipment
    • Compression Therapy
    • Others
  • Wound Dressings
    • Film Dressings
    • Foams Dressings
    • Hydrogel Dressings
    • Collagen Dressings
    • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Key players competing in the advanced wound care management market include Smith & Nephew; Coloplast AS; Integra Life Sciences Corporation; Paul Hartmann AG; ConvaTec Group Plc.

Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Global Advanced Wound Care Management Market keyplayers

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