Westford, USA, April 13, 2022 (GLOBE NEWSWIRE) — The growing geriatric population, increasing traumatic wounds, increasing number of surgeries, and rising incidence of diseases like obesity and diabetes have all contributed to an increase in the prevalence of acute conditions. , chronic and surgical over the past decade. Diabetes and obesity can increase the overall incidence and complexity of wounds such as infections, ulcerations (leg or foot ulcers) and chronic wounds, all of which require treatment (advanced wound management ) and lead to skyrocketing medical costs.
Advanced wound care treatments include hydrophilic foam dressings, hydrogels, hydrofibers and alginates, which can absorb up to 20 times their weight and help patients recover faster and more effectively. Incisions are usually used to drain abscesses. Because wounds on the plantar area heal slowly, a longer period of immobilization is required. This will increase the demand for improved wound care products by driving the demand for advanced wound management for faster healing.
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Additionally, Asia-Pacific and Latin America, compared to Europe and North America, are relatively untapped markets for advanced wound management, with huge potential for growth. Therefore, many players are focusing their efforts on expanding their presence in these areas. Major players in the market can benefit from emerging economies such as India, South Korea, Malaysia, Vietnam, Africa, and Middle Eastern countries such as Israel, Saudi Arabia, and UAE United. Low regulatory hurdles, advancements in healthcare infrastructure, increasing patient population, and rising healthcare expenditures are all contributing to the growth of the market. In addition, regulatory rules in Asia-Pacific are more flexible and business-friendly than in industrialized countries; which also influences the growth of the market.
Read the Market Research Report, “Global Advanced Wound Care Market is segmented by Product (Wound Dressings (Foam, Hydrocolloid, Film, Alginate), NPWT, Debridement Devices, Grafts, Matrices, Topical Agents), by Type of Wounds (Surgical, Traumatic, Ulcers, Burns), by End User (Hospital, Home Care) and Region – Forecast and Analysis 2020-2027 » by SkyQuest
the advanced wound care market is a rapidly changing environment that has seen significant changes over the past few years. The acquisition of smaller companies by larger players is a major trend in this market. Small companies have strong R&D capabilities but lack the financial resources to seek approvals and bring products to market. Big companies with deep pockets often buy small companies and exploit their creative technologies to create cutting-edge products. The geographical presence of the two companies is reinforced thanks to these purchases.
Based on segment, the market is segmented into product, wound, and end-user. Among product types, the dressings segment accounted for the largest share of the advanced wound care market, driven by increasing spending on chronic and surgical wounds, increasing incidence of burn injuries, and technological developments in the dressings. Among wounds, the surgical and traumatic wound segment accounted for the largest share of the advanced wound care market. The growth of this category is driven by factors such as the increasing number of surgeries performed and the increasing frequency of chronic diseases. Whereas, among end users, the hospital segment accounted for the largest share in the advanced wound care market. The large number of treatment procedures performed in hospitals and the availability of reimbursements are driving the growth of the segment.
The global advanced wound care market is segmented on the basis of geography into North America, Europe, Asia-Pacific, South America, Middle East & Africa. Growing demand for advanced wound treatment options such as advanced wound care products, increasing prevalence of chronic disorders, increasing healthcare expenditures and highly developed healthcare system in the United States and Canada contribute all to the growth of the North American advanced wound market. care market.
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In addition, 3M Company (USA), Smith & Nephew plc (UK), ConvaTec Group Plc (UK), Coloplast A/S (Denmark), Mölnlycke Health Care AB (Sweden), Integra LifeSciences Holdings Corporation (USA), PAUL HARTMANN AG (Germany), B. Braun Melsungen AG (Germany), Cardinal Health Inc. (USA) and Organogenesis Holdings Inc. (USA), among others, are among the major players operating in the market. These prominent players are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies adopted by these key players to thrive in the competitive market.
The report published by SkyQuest Technology Consulting provides in-depth qualitative information, historical data and verifiable projections on the size of the market. The projections presented in the report have been derived using proven research methodologies and assumptions.
SkyQuest has segmented the global advanced wound care market on the basis of product, wound type, end-user, and region:
- Advanced Wound Care Products Outlook (Revenue, USD Million, 2020 – 2027)
- Debridement devices
- Topical agents
- Wound Type Outlook for Advanced Wound Care (Revenue, USD Million, 2020 – 2027)
- Advanced Wound Care End-User Outlook (Revenue, USD Million, 2020 – 2027)
- Advanced Wound Care Regional Outlook (Revenue, USD Million, 2020 – 2027)
- North America
- The rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Central and South America
- Middle East and Africa
- GCC countries
- South Africa
- Rest of MEA
List of Key Players of Advanced Wound Care Market
- 3M Company (USA)
- Smith & Nephew plc (UK)
- ConvaTec Group Plc (UK)
- Coloplast A/S (Denmark)
- Mölnlycke Health Care AB (Sweden)
- Integra LifeSciences Holdings Corporation (USA)
- PAUL HARTMANN AG (Germany)
- B. Braun Melsungen AG (Germany)
- Cardinal Health Inc. (USA)
- Organogenesis Holdings Inc. (USA)
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