According to the WHO's 2018 global status report on road safety, road crashes are one of the major causes of death among children and young adults aged 5-29 years. The high incidence rate of injuries has lifted the adoption of advanced wound care. Therefore, the global advanced wound care market is estimated to increase rapidly in the near future.
Data Bridge Market Research analyses that the Advanced Wound Care Market is expected to grow at a CAGR of 6.3% in the forecast period of 2021 to 2028 and is expected to reach USD 15,191.03 million by 2028. The high adoption of moist wound care is projected to propel the growth of the market as they create and maintain a moist environment around the wound, which fosters healing, especially for various chronic injuries such as pressure ulcers, diabetic ulcers, and other slow-healing injuries.
Key Findings of the Study
Increasing Prevalence of Diseases and Conditions Affecting Wound Healing Capabilities is Expected to Drive the Market's Growth Rate
A growing worldwide geriatric population, rising traumatic wounds, increasing number of surgeries, and the rising incidence of illnesses such as obesity and diabetes have all contributed to an increase in the prevalence of acute, chronic, and surgical wounds over the last decade. Diabetes and obesity can dramatically raise incidence and complexity of wounds, including infections, ulcerations (leg or foot ulcers), and chronic wounds, all of which necessitate treatment (advanced wound management) and result in high medical costs.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Dressing, Therapy Device, Biologics, Others), Wound Type (Primary Wound Care, Secondary Wound Care), Wound Class (Class I, Class II, Class III, Class IV), End User (Hospitals, Wound Care Centres, Ambulatory Centres, Home Healthcare, Clinics, Others), Distribution Channel (Direct Tenders, Retail)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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3M (U.S.), Smith+Nephew (U.K.), Medline Industries, Inc. (U.S.), Mölnlycke Health Care AB (Sweden), Baxter (U.S.), Cardinal Health, Inc. (U.S.), Lohmann & Rauscher GmbH & Co. K.G. (Germany), PAUL HARTMANN (Germany), Johnson & Johnson Private Limited (U.S.), Integra LifeSciences (U.S.), Essity Aktiebolag (Sweden), Coloplast Group (Denmark), B. Braun Melsungen AG (Germany), Organogenesis Inc. (U.S.), Hollister Incorporated (U.S.), Elkem ASA (Norway), Medtronic (Ireland), Zimmer Biomet (U.S.), TRIAGE MEDITECH PVT. LTD. (India), ConvaTec Group Plc (U.K.), Brightwake Ltd. (U.K.), DermaRite Industries, LLC (New Jersey), MIMEDX (U.S.), Kerecis (Iceland) among others
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Data Points Covered in the Report
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The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The advanced wound care market is segmented on the basis of product type, wound type, wound class, end user and distribution channel.
In 2021, the Dressing Segment of Product Type Segment Is Anticipated to Dominate the Advanced Wound Care Market
In 2021, the dressing segment of this market will dominate the advanced wound care market owing to the increasing utilization of dressing products for problems as surgical wound, ulcers and more because of the multiple benefits offered during wound treatment involving ease of use, moisture retention feature and high healing power. The dressing segment is expected reach the highest CAGR of 6.6% in the forecast period of 2021-2028.
In 2021, the Hospitals Segment is Projected to Hold the Largest Share of End User Segment in the Advanced Wound Care Market
In 2021, the hospitals segment holds maximum market share as the higher number of patients prefer to visit hospitals for different cases such as surgical wound, burns, ulcers and others. The hospital segment is growing with a CAGR of 4.5% in the forecast period of 2021 to 2028.
Major Players
Data Bridge Market Research recognizes the following companies as the major advanced wound care market players in advanced wound care market are Baxter (U.S.), Cardinal Health, Inc. (U.S.), Lohmann & Rauscher GmbH & Co. K.G. (Germany), PAUL HARTMANN (Germany), Johnson & Johnson Private Limited (U.S.), Integra LifeSciences (U.S.), Essity Aktiebolag (Sweden), Coloplast Group (Denmark), and MIMEDX (U.S.)
Market Development
Regional Analysis
Geographically, the countries covered in the advanced wound care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the Dominant Region in Advanced Wound Care Market During the Forecast Period 2021 -2028
Asia-Pacific is Estimated to be the Fastest Growing Region in Advanced Wound Care Market the Forecast Period 2021 -2028
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and rapid development of medical facilities in emerging economies in this region. In addition to this, rising level of healthcare expenditure and increasing per-capita income are expected propel the market's growth rate in this region.
COVID-19 Impact Analysis
The outbreak of COVID-19 largely impacted the healthcare industry. The advanced wound care market was, however adversely affected by it. The imposition of the lockdown and social distancing restrictions by the government to curb the COVID-19 pandemic outbreak, led to emergence of various challenges such as the denied wound care services, halt of various operations, cancelled or postponed elective surgeries, stifling business growth, suspensions of new developments and even increasing skin injuries in COVID-19 medical care providers, further limiting the industry's expansion. As the admission of COVID-19 patients in hospitals increased, numerous elective procedures were canceled or postponed to reserve hospital beds and patient care staff to COVID-19 patient care. The developing and implementing contingency plans is highly crucial for business operations and key imported raw materials.
For More Detailed Information About the Surgical Visualization Products Market Report, Click Here - https://www.databridgemarketresearch.com/reports/global-advanced-wound-care-market
Frequently Asked Questions (FAQs)
The Market Value for Advanced Wound Care Market in 2020 is USD 9,502.76 Million.
The Advanced Wound Care Market is to grow at a CAGR of 6.3% During the Forecast Period of 2021 to 2028
The Expansion of the Global Advanced Wound Care Market will be fueled by a Surging Prevalence of Diabetes or Obesity and Rising Number of Geriatric Population. Additionally, Increasing Number of Surgical Procedures Globally and Rapidly Rising Number of Hospital Visits for Wound Treatment will Further Cushion the Market’s growth rate During the Forecast Period.
Baxter (U.S.), Cardinal Health, Inc. (U.S.), Lohmann & Rauscher GmbH & Co. K.G. (Germany), PAUL HARTMANN (Germany), Johnson & Johnson Private Limited (U.S.), Integra LifeSciences (U.S.), Essity Aktiebolag (Sweden), Coloplast Group (Denmark), and MIMEDX (U.S.) are the major companies operating in this market.
The Countries Covered in the Advanced Wound Care Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The advanced wound care market is segmented on the basis of product type, wound type, wound class, end user and distribution channel. On the basis of product type, the advanced wound care market is classified into dressing, biologics, therapy device and others. On the basis of wound class, the advanced wound care market is classified into class I, class II, class III and class IV. On the basis of wound type, the advanced wound care market is classified into primary wound care and secondary wound care. On the basis of end user, the advanced wound care market is classified into hospitals, wound care centres, ambulatory centres, home healthcare, clinics and others. On the basis of distribution channel, the advanced wound care market is classified into direct tenders and retail.
The Market Report Curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Advanced Wound Care Market – Industry Trends and Forecast to 2029
North America Advanced Wound Care Market – Industry Trends and Forecast to 2028
Europe Advanced Wound Care Market – Industry Trends and Forecast to 2028
Asia-Pacific Advanced Wound Care Market – Industry Trends and Forecast to 2029
Belgium and Netherlands Advanced Wound Care Market – Industry Trends and Forecast to 2028
U.S. Advanced Wound Care Market – Industry Trends and Forecast to 2028
In May 2018, Coloplast Group launched Biatain Silicone with 3DFit Technology, where Biatain Silicone Provides a Comprehensive Range of Foam Dressings
KCI Licensing, Inc. (Subsidiary of ACELITY L.P. INC), Smith and Nephew, Medline Industries, Inc. are Dominating the U.S. Advanced Wound Care Market in 2018
Smith & Nephew, 3M, and Medline Industries, Inc., company dominated the Asia-Pacific Advanced Wound Care Market in 2021
3M, Smith & Nephew, and Coloplast Group dominated the Belgium Advanced Wound Care Market in 2020
3M, Smith & Nephew, and Coloplast Group dominated the Netherlands Advanced Wound Care Market in 2020
Mölnlycke Healthcare AB, Smith & Nephew and BSN Medical (A Subsidiary of Essity AB) are dominating the Latin America Advanced Wound Care Market in 2019