Global Wound Care Market: Market Segments: By Products (Advanced Wound Care, Wound Closure and Traditional Wound Care); By Application (Surgical, Traumatic, Ulcers and Burns); By Wound Type (Chronic and Acute); By End User (Inpatient Facilities and Outpatient Facilities); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Healthcare professionals use specialized wound care devices. It is a clinical technique to facilitate an efficient method of wound healing. Advanced treatment for wound care uses moisture therapy, which offers a moist micro-environment that promotes the process of natural healing. Film and foam dressings, hydrogels, alginates, and hydrocolloids are the materials used in wet wound care.
Global Wound Care Market is expected to project a notable CAGR of XX.X% in 2030.
Global Wound Care Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The advanced wound care market is growing due to the increasing geriatric population, burn cases across the globe, volume of surgeries, cases of diabetes and obesity, incidence of chronic wounds, and number of road accidents. Furthermore, technological advancements and rising awareness on the same, leading to the heavy use of advanced wound care products, are also leading to the growth of the market.
Global Wound Care Market: Segments
Advanced Wound Care Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Wound Care Market is segmented by type wound closure products, traditional wound care products, and advanced wound care products. The greater market share in 2018 was accounted advanced wound care products segment and is expected to see the highest growth during the forecast period. This is due to the faster healing of serious wounds and the comfort and flexibility provided by these products, allowing free movement of the body. Furthermore, the advanced segment is further divided into foams, films, hydrogels, hydrocolloids, super absorbents, contact layers for wounds, alginates, collagen, and hydro fiber.
Global Wound Care Market: Market Dynamics
Increasing prevalence of surgical and chronic wounds
Growing geriatric population, increasing number of diabetes patient globally, rising occurrence of wound ulcer and surgical wounds, growing research and development activities, introduction of novel treatments for advanced wounds, favorable reimbursement scenario, and technological advancement in advanced wound care products are the key factors enhancing the growth of the Global Wound Care market.
High cost of advanced wound care products
The high cost of chronic wound treatments and advanced wound care products, especially in cost-sensitive markets such as Asia and RoW, may have a negative impact on their adoption. Patients and doctors in these regions are opting for innovative wound care items that are less costly.
Global Wound Care Market: Regions
Global Wound Care Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Wound Care Market in North America held the largest market share of XX.X% in the year 2018 owing to increasing launches of new wound care product in the U.S. and rising number of global players tapping into the region. The wound care management market in the Asia-Pacific, consisting of rapidly developing economies, has remained largely untapped. Asia Pacific is expected to experience rapid growth in the global demand for wound care. During the forecast period, the Asia Pacific market is expected to gain traction due to the rising incidence of chronic wounds.
Global Wound Care Market: Key Players
• 3M Company
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Smith & Nephew PLC
• Mölnlycke Health Care AB
• ConvaTec Group PLC
• Johnson & Johnson
• Coloplast Corp.
• Integra LifeSciences
Global Wound Care Market report also contains analysis on:
Global Wound Care Market Segments:
By Product Type:
• Advanced Wound Care
• Wound Closure
• Traditional Wound Care
By End User:
• Inpatient Facilities
• Outpatient Facilities
• Wound Care Market Dynamics
• Wound Care Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints