Report : 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
Increasing prevalence of diabetes & related chronic wounds is driving the market for advance wound care over the forecast period.
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.
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.
The key players operating in the advanced wound care market worldwide include Smith & Nephew, Acelity L.P., Braun Melsungen AG, Integra Lifesciences Corporation, ConvaTec, 3M, MiMedx, Inc., Mölnlycke Health Care, Paul Hartmann AG and Cardinal Health, Inc. For instance, in October 2017, Integra LifeSciences Launches Revize/ Revize-X Collagen Matrix for plastic and reconstructive surgery. The developments performed by the companies are helping the market to grow in the coming years.
The report segments the global advanced wound care market as follows:
Global Advanced Wound Care Market – By Product
Pressure Relief Devices
Hyperbaric Oxygen Equipment
Negative Pressure Wound Therapy Systems
Allografts and Xenografts
Global Advanced Wound Care Market – By Wound Type
Global Advanced Wound Care Market – By End User
Hospitals & Clinics
Ambulatory Care Centers
Wound Care Centers
Global Advanced Wound Care Market – By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South & Central America (SCAM)
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