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Published Date: 2016-10-27Number of Pages: 262

Advanced Wound Care Management Market (Product Type - Advanced Wound Dressings (Foam Dressing, Alginate Dressing, Hydrocolloid Dressing, Hydrofiber Dressing, Hydrogel Dressings, Collagen Dressing), Active Wound Care, and Antimicrobial Dressing; Type of Wounds - Diabetic Foot Ulcers, Pressure Ulcer, Venous Leg Ulcer, Arterial Ulcer, Surgical and Traumatic wounds, Burns; End User - Hospital Inpatient Settings, Hospital Outpatient Settings, Community Medical Centers, and Home Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Advanced Wound Care Management Market: Snapshot

The global market for advanced wound care management is likely to witness a progressive growth throughout the forecast period. The rising focus of prominent players on research and development activities and innovations is estimated to encourage the growth of the overall market in the coming few years. Nevertheless, the high cost of products in comparison with the traditional methods is anticipated to restrict the growth of the global market in the coming years.

According to the research study, in 2015, the global market for advanced wound care management was worth US$6,457.0 mn. The market is anticipated to reach a value of US$11,161.6 mn by the end of 2024, registering a healthy 6.30% CAGR between 2016 and 2024.

advanced wound care management market

 

Development of New Systems to Bolster Global Advanced Wound Care Management Market

The growing prevalence of several lifestyle disorders leading to chronic wounds such as diabetic foot ulcer, venous leg ulcer, and pressure ulcer is one of the key factors estimated to encourage the growth of the global advanced wound care management market in the coming years. In addition, the growing geriatric population across the globe and the development of new therapeutics, systems, and devices are some of the other major factors anticipated to accelerate the growth of the overall market in the forecast period. Furthermore, the increasing opportunities in the untapped markets in developing economies is expected to augment global advanced wound care management market in the near future.

Among the key product segments, the advanced wound care dressings segment is estimated to lead the global advanced wound care management market in the forecast period. The growing need for cost-effective treatments is expected to fuel the growth of this segment in the next few years. On the basis of end use, the global advanced wound care management market has been classified into community medical centers, hospital outpatient settings, hospital inpatient settings, home healthcare, and others. The growing awareness among patients and healthcare providers is anticipated to encourage the growth of the overall market throughout the forecast period. The demand from diverse end users in order to offer effective and enhanced facilities is likely to boost the demand for advanced wound care management in the next few years.

Emergence of New Products to Bolster North America Market

According to the research study, North America is anticipated to lead the global advanced wound care management market in the coming few years. The rapid growth of this region can be attributed to the introduction of the wound care diagnostics in order to identify pathogens and microorganisms. In addition, the increasing focus of players on the development of new products and technological advancements is likely to accelerate the growth of the North America in the next few years. 

Furthermore, Europe is anticipated to witness significant growth in the near future. The increasing number of pool of patients with vascular diseases and diabetes is one of the major factors predicted to propel advanced wound care management market in the coming years. Furthermore, the favorable government initiatives and policies, a significant rise in the geriatric population, and the approval of advanced and effective products are expected to encourage the growth of the Europe advanced wound care management market in the next few years.

Some of the prominent players operating in the advanced wound care management market across the globe are Coloplast A/S, Medline Industries, Inc., Medtronic, Smith & Nephew plc., ConvaTec Inc., Organogenesis, Inc., B. Braun Melsungen AG, Acelity L.P. Inc., 3M, BSN medical GmbH, and Molnlycke Health Care.

Advanced Wound Care Management Market: Overview

The market for wound care is growing phenomenally, due to growing advancement is treating complex wounds. Advanced wound care market is anticipated to grow in forecasted period, as the products has been a promising solution for faster recovery and wound healing. These products offer superior solution than traditional products by offering desired outcome and effectiveness in healing wounds. The increasing incidences of chronic wound has aggravated the need for the products that offers faster and efficient wound healing. Thus, majority of hospitals have shifted their preferences towards the advanced wound care products. It helps to decrease the average length of stay in hospitals through early recovery from wounds. This assists to decrease the length of hospital stay in order to reduce surgical costs. Thus the rising need and demand for advanced products that increases therapeutic outcome drives the advanced wound care market.

Advanced Wound Care Management Market: Scope of the Report

The report is a combination of primary and secondary research. Primary research formed the bulk of our research efforts, with information collected from telephonic interviews and interactions via e-mail. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various national and international databases. The report provides market size in terms of US$ Mn for each segment for the period from 2014 to 2024, considering the macro and micro-environmental factors. Growth rates for each segment within the global advanced wound care market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, vaccination expenditure, and regulatory requirements. 

The market overview section of the report includes qualitative analysis of the overall advanced wound care market including the determining factors and market dynamics such as drivers, restraints, and opportunities, along with white space analysis. In addition, market attractiveness analysis by geography, technique, product type, type of wounds, end-user, and competitive landscape by key players have been provided which explain the intensity of competition in the market considering different geographies. The competitive scenario between market players has been evaluated through market share analysis. These factors would help the market players take strategic decisions in order to strengthen their positions and increase their shares in the global market.

Advanced Wound Care Management Market: Growth and Competitive Dynamics

The driving factors for advanced wound care market are mainly increasing demand for faster recovery, decrease in healthcare cost by decreasing average length of stay in hospital, rising population falling for trauma, etc. Advanced wound care market is anticipated to grow in forecasted period, as the products has been a promising solution for faster recovery and wound healing. These products offer superior solution than traditional products by offering desired outcome and effectiveness in healing wounds. The increasing incidences of chronic wound has aggravated the need for the products that offers faster and efficient wound healing. Thus, majority of hospitals have shifted their preferences towards the advanced wound care products. It helps to decrease the average length of stay in hospitals through early recovery from wounds. This assists to decrease the length of hospital stay in order to reduce surgical costs. Thus the rising need and demand for advanced products that increases therapeutic outcome drives the advanced wound care market. 

Geographically, the global advanced wound care market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The applications of advanced wound care are rapidly growing in North America due to increasing direct and indirect investments by the U.S. Government and private companies in wound care. Increasing investments and penetration by key market players in Asia Pacific are likely to drive the advance wound care market during the forecast period. 

Major players in the advanced wound care management market are 3M, Acelity L.P. Inc., B. Braun Melsungen AG, BSN medical GmbH, Coloplast A/S, ConvaTec Inc., Medline Industries, Inc., Medtronic, Molnlycke Health Care, Organogenesis, Inc., and Smith & Nephew plc. 

The global advanced wound care management market has been segmented as follows: 

  • Global Advanced Wound Care Management Market, by Product Type
    • Advanced Wound Dressings
      • Foam dressings
      • Hydrocolloid dressings
      • Hydrofiber dressings
      • Film dressings
      • Alginate dressings
      • Hydrogel dressings
      • Collagen dressings
    • Active Wound Care
      • Artificial skin and skin substitutes
      • Growth Factors
    • Antimicrobial dressing
       
  • Global Advanced Wound Care Management Market, by Type of Wound
    • Diabetic foot ulcers
    • Pressure ulcer
    • Venous leg ulcer
    • Arterial Ulcer
    • Surgical and Traumatic wounds
    • Burns
    • Other chronic wounds
       
  • Global Advanced Wound Care Management Market, by End-user
    • Hospital inpatient settings
    • Hospital outpatient settings
    • Community medical centers
    • Home healthcare
    • Others (private nursing home, pharmacies)
       
  • Global Advanced Wound Care management Market, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • South Africa
      • Turkey
      • Saudi Arabia
    • Rest of MEA


 
 
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