Advanced Wound Care Market

Advanced Wound Care Market by Products (Active Wound Care, Moist Wound Care, and Antimicrobial Wound Care), Applications (Acute Wounds and Chronic Wounds), End-users (Home Healthcare, Hospitals, and Specialty Clinics), And Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Size, Share, Trends, And Forecast 2021–2028

  • Report ID: HC-261
  • Author: Growth Market Reports
  • Rating: 4.2
  • Total Reviews: 6
  • No. Of Pages: 198
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The global advanced wound care market was valued at USD 6.42 billion in 2020 and is projected to expand at a CAGR of 5.2% during the forecast period, 2021–2028. The growth of the market is attributed to the rising number of accidents such as burns, trauma events, road accidents, and others.

Advanced Wound Care Market By Key Takeaways


The advanced wound cares are designed to cure complex and severe injuries caused by traumatic accidents. These care products includes alginates, hydrocolloids, hydrogels, and film & foam dressings. The advanced wound care treatments work on the principle of moisture therapy, which delivers adequate moisture to the wound that allow natural cell to repair itself and the wound area to respire at the same time. These therapies of advanced wound care are widely used as the interventions when standard wound care has failed to cure the injuries.

Market Drivers, Restraints, Trends, and Opportunities

  • Growing usage of advanced wound care products for eliminating additional fluids from the wounds and protecting them from infection are likely to drive the market growth.
  • Increasing number of road accidents and traumatic events are predicted to boost the for advanced wound care, which is projected to fuel the market growth.
  • Rising number of ambulances with all surgical facilities, and demand for reducing the stays in hospitals are estimated to boost the market growth.
  • Major usage of advanced wound cares during the treatment of acute injuries such as sprained ankles, fractured hands, strained backs, and others are expected to push the growth of market.
  • Expensive surgeries, time consuming therapies, and others may hinder the market growth during the analysis period.
  • Ongoing research and development by the key players of market are presenting numerous opportunities for the expansion of the advanced wound care market.

Scope of the Report

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

Attributes Details
Report Title Advanced Wound Care Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year 2020
Historic Data 2018–2019
Forecast Period 2021–2028
Segmentation Products (Active Wound Care, Moist Wound Care, and Antimicrobial Wound Care), Applications (Acute Wounds and Chronic Wounds), End-users (Home Healthcare, Hospitals, and Specialty Clinics)
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 3M, Acelity, Baxter, Coloplast Corporation, ConvaTec Group PLC, Derma Sciences Inc. (Integra LifeSciences), Medline Industries, Inc., Medtronic, Molnlycke Health Care AB, and Smith & Nephew PLC.


Global Advanced Wound Care Market Segment Insights

In terms of products, the market is divided into active wound care, moist wound care, and antimicrobial wound care. The antimicrobial wound care segment is predicted to witness a robust growth rate during the forecast period due to their increasing usage of the product type to cure the wounds. Percutaneous line sites and surgical marks are the two majorly indicated antimicrobial wound treatment for partial and full-thickness injuries. These products are generally available as film care, impregnated woven gauzes, nylon fabric, island care, and a combination of others. In 2020, the moist wound care segment dominated the advanced wound care market and represented 59.2% of the market revenue share. The most wound care is widely adopted for the treatment of chronic injuries such as diabetic ulcers and pressure ulcers.

Advanced Wound Care Market By Products


Based on applications, the global advanced wound care market is bifurcated into acute wounds and chronic wounds. In 2020, the acute wounds segment constituted a major share of the advanced wound care market by representing 60% of the total revenue share. As per WHO, around 180,000 deaths are caused by burn injury every year and most of these cases are mainly happened in low and middle-income countries. On the other hand, the chronic wounds segment is projected to constitute a significant growth rate during the analysis period due to the increasing cases of chronic diseases such as diabetes and growing geriatric population.

Advanced Wound Care Market By applications


On the basis of end-users, the market is segmented into home healthcare, hospitals, and specialty clinics. The home healthcare segment is predicted to account for a large market share during the analysis period due to the condition of prolonged recovery period of chronic injuries and hospital stay. This is a key reason for patients’ preference for homecare over hospital stay. In 2020, the hospital segment dominated the advanced wound care market by representing 45.2% of the overall revenue share due to the prevailing facility of advanced treatment products in hospital.

Advanced Wound Care Market By End Users


In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2020, the market in North America dominated the overall advanced wound care market accounting for 45.2% of the overall market revenue owing to the rising incidences of road accidents and presence of numerous prominent players present in this region. The presence of highly developed healthcare infrastructure as well as adequate skilled specialists in the region act key factors that helps expand the market. The market in Asia Pacific is expected to present a significant growth rate during the analysis period. The markets in China, India, and Japan are predicted to increase their contribution to the regional market growth.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Advanced Wound Care 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 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 Market - Supply Chain
  4.5. Global Advanced Wound Care Market Forecast
     4.5.1. Advanced Wound Care Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Advanced Wound Care Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Advanced Wound Care Market Absolute $ Opportunity
5. Global Advanced Wound Care Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Advanced Wound Care Market Size and Volume Forecast by Applications
     5.3.1. Acute Wounds Surgical and Traumatic Wounds
     5.3.2. Burns Chronic Wounds Diabetic Foot Ulcers
     5.3.3. Pressure Ulcers
     5.3.4. Venous Leg Ulcers
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Advanced Wound Care Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Advanced Wound Care Market Size and Volume Forecast by End Users
     6.3.1. Home Healthcare
     6.3.2. Hospitals
     6.3.3. Specialty Clinics
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Advanced Wound Care Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Advanced Wound Care Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Advanced Wound Care Demand Share Forecast, 2019-2026
8. North America Advanced Wound Care 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
  8.2. North America Advanced Wound Care Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Advanced Wound Care Market Size and Volume Forecast by Applications
     8.4.1. Acute Wounds Surgical and Traumatic Wounds
     8.4.2. Burns Chronic Wounds Diabetic Foot Ulcers
     8.4.3. Pressure Ulcers
     8.4.4. Venous Leg Ulcers
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Advanced Wound Care Market Size and Volume Forecast by End Users
     8.7.1. Home Healthcare
     8.7.2. Hospitals
     8.7.3. Specialty Clinics
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Advanced Wound Care Demand Share Forecast, 2019-2026
9. Latin America Advanced Wound Care 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. Latin America Average Pricing Analysis
  9.2. Latin America Advanced Wound Care Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Advanced Wound Care Market Size and Volume Forecast by Applications
     9.4.1. Acute Wounds Surgical and Traumatic Wounds
     9.4.2. Burns Chronic Wounds Diabetic Foot Ulcers
     9.4.3. Pressure Ulcers
     9.4.4. Venous Leg Ulcers
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Advanced Wound Care Market Size and Volume Forecast by End Users
     9.7.1. Home Healthcare
     9.7.2. Hospitals
     9.7.3. Specialty Clinics
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Advanced Wound Care Demand Share Forecast, 2019-2026
10. Europe Advanced Wound Care 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. Europe Average Pricing Analysis
  10.2. Europe Advanced Wound Care Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Advanced Wound Care Market Size and Volume Forecast by Applications
     10.4.1. Acute Wounds Surgical and Traumatic Wounds
     10.4.2. Burns Chronic Wounds Diabetic Foot Ulcers
     10.4.3. Pressure Ulcers
     10.4.4. Venous Leg Ulcers
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Advanced Wound Care Market Size and Volume Forecast by End Users
     10.7.1. Home Healthcare
     10.7.2. Hospitals
     10.7.3. Specialty Clinics
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Advanced Wound Care Demand Share Forecast, 2019-2026
11. Asia Pacific Advanced Wound Care Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Advanced Wound Care Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Advanced Wound Care Market Size and Volume Forecast by Applications
     11.4.1. Acute Wounds Surgical and Traumatic Wounds
     11.4.2. Burns Chronic Wounds Diabetic Foot Ulcers
     11.4.3. Pressure Ulcers
     11.4.4. Venous Leg Ulcers
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Advanced Wound Care Market Size and Volume Forecast by End Users
     11.7.1. Home Healthcare
     11.7.2. Hospitals
     11.7.3. Specialty Clinics
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Advanced Wound Care Demand Share Forecast, 2019-2026
12. Middle East & Africa Advanced Wound Care Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Advanced Wound Care Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Advanced Wound Care Market Size and Volume Forecast by Applications
     12.4.1. Acute Wounds Surgical and Traumatic Wounds
     12.4.2. Burns Chronic Wounds Diabetic Foot Ulcers
     12.4.3. Pressure Ulcers
     12.4.4. Venous Leg Ulcers
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Advanced Wound Care Market Size and Volume Forecast by End Users
     12.7.1. Home Healthcare
     12.7.2. Hospitals
     12.7.3. Specialty Clinics
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Advanced Wound Care Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Advanced Wound Care Market: Market Share Analysis
  13.2. Advanced Wound Care Distributors and Customers
  13.3. Advanced Wound Care Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Products

  • Active Wound Care
    • Biomaterials
    • Skin Substitute
  • Moist Wound Care
    • Foam Dressings
    • Hydrocolloid Dressings
    • Film Dressings
    • Alginate Dressings
    • Hydrogel Dressings
    • Collagen Dressings
    • Other Advanced Dressings
  • Antimicrobial Wound Care
    • Silver
    • Non-silver

Applications

  • Acute Wounds
    • Surgical and Traumatic Wounds
    • Burns
  • Chronic Wounds
    • Diabetic Foot Ulcers
    • Pressure Ulcers
    • Venous Leg Ulcers

End-users

  • Home Healthcare
  • Hospitals
  • Specialty Clinics

Regions

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

Major players competing in the global advanced wound care market include 3M, Acelity, Baxter, Coloplast Corporation, ConvaTec Group PLC, Derma Sciences Inc. (Integra LifeSciences), Medline Industries, Inc., Medtronic, Molnlycke Health Care AB, and Smith & Nephew PLC.

Some of these businesses have involved in adopting numerous market strategies such as merger & acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.

Recently, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an intention to improve the development of its advanced wound management product portfolio. This strategy was projected to increase its customer base.

Advanced Wound Care Market By key players

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