Wound Treatment System Market
Wounds and injuries are frequent ailments that impact billions of people across the world. Several million people get chronic wounds due to cardiovascular disease, obesity, and diabetes, all of which are estimated to rise substantially in the forthcoming years. Furthermore, as a result of natural catastrophes, violence, and accidents, individuals suffer from burns and trauma, which is likely to bolster growth of the global wound treatment system market in the near future.
In health-care systems all throughout the world, non-healing wounds comprise a major issue. Conventional methods such as bandaging, take longer to recover, according to the researchers. As a result, in order to cure the wound fast, the source of the wound must first be recognized in order to manage the underlying causes. Electric stimulation devices and negative pressure are also thought to speed up the healing of chronic wounds, according to researchers.
In order to create new and novel wound treatment systems, companies in the global wound treatment system market are progressively spending in research and development activities. Market players are also concentrating on providing highly effective and dependable systems or devices to give better treatment against effects of chronic wound via the use of proprietary technology such as vacuum based technology.
For an orderly human life, speedy recovery of wounds is crucial. Identification of elementary healing mechanism, adopting the most suitable procedure for a rapid recovery to avoid adverse consequences like infection, detailed research for wound treatment is a key aspect of wound treatment system market. The wound type (acute and chronic) also plays a decisive role in choosing the most effective treatment approach. The unusual presence of bacteria, desiccation, trauma, necrosis, and maceration also delays the healing process. The wound treatment system market has made strides on the back of advances made in the molecular techniques and methodologies to accelerate the process of healing.
The wound treatment system market has witnessed adoption of negative pressure systems and electric stimulation systems among patients to ensure faster recovery from chronic wounds. Based on the medical situation of the patient, negative pressure wound therapy (NPWT) is used. It helps to draw out infection and fluid from the wound for relatively rapid healing. After that, the wound is sealed with a special bandage along with an attached vacuum. It is recommended for burn, injury, diabetes, and pressure ulcer. On the other hand, an electric stimulation system is a simple technique, and it can be integrated with plastic surgery as an adjunct therapy. Both the technologies are expected to fuel growth of the wound treatment system market in next few years.
Wound Treatment System Market Introduction
Wounds and injuries are common conditions that affect billions across the globe. Several million acquire chronic wounds due to complications from diabetes, obesity, and cardiovascular diseases, which are projected to rise dramatically across the world in the next few decades. Moreover, people suffer from trauma and burns as a result of accidents, natural disasters, and violence.
Non-healing wounds are a significant problem in health care systems across the world. Researchers observe that traditional treatments such as bandaging would take more time to heal. Hence, in order to heal the wound quickly, the cause of the wound must be first identified so that the underlying factors can be controlled. Researchers also believe that negative pressure systems and electric stimulation systems heal chronic wounds at a faster rate.
Wound Treatment System Market- Competitive Landscape
Smith & Nephew launched PICO7Y, the first portable single use negative pressure wound therapy system to treat two wound simultaneously. The new PICO7Y will be an enhanced protection solution that helps the patients to cure multiple wound effectively.
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Founded in 2010, BRH Medical is located in the Israel. The company provides advanced medical devices and solution for chronic wound care. The company’s products implement a novel, patent protected technology that combines therapeutic ultrasound and electrostimulation, together with advanced database software to produce outstanding results in clinical applications
Inotec AMD is a Cambridge based company that specially provides new innovative technology to wound care specialists, around the world. Company recently signed, a distribution agreement with AG-Nass, LLC Medical Supply to distribute its products in the Northeastern cities of the US.
Established in 1998, Stimux is located in the Turkey. The company offers various product and accessories to full the need of wound care. Product includes topical negative pressure wound therapy device, vacuum assisted sponge instated closure sets, vaccum assisted spreader and other wound treatment system accessories.
KCI Licensing, Inc.
KCI Licensing Inc., is a global advanced wound care company with diverse product portfolio. KCI’s negative pressure technologies have revolutionized the way in which caregivers treat a wide variety of wound types. The KCI Vacuum Assisted Closure therapy system, has been clinically demonstrated to help promote wound healing. V.A.C. therapy has been used on more than 8 million wounds worldwide.
Wound Treatment System Market Dynamics
Increase in Incidence of Diabetic Foot Ulcers and Pressure Ulcers Driving Demand for Wound Treatment System
According to a Humana Press release 2014, (an academic publisher of science, technology, and medical books and journal), the prevalence rate of pressure ulcers in different kinds of intensive care units is in the range of 15% to 20%. Additionally, the diabetic foot ulcers prevalence in the countries like US, Germany are 13.0%, 9.5%. Such high incidence rate of chronic wound generating demand for the use of wound treatment system.
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Manufacturers Focus on Innovative Techniques to Enter Developing Wound Treatment System Market
Manufacturers in the wound treatment system market are increasingly investing in the research and development activities to find new and innovative techniques to develop wound treatment system. Manufacturers are also focusing on offering highly-efficient and reliable system or devices to provide better cure against chronic wound effects of utility various patented technology like vacuum based technology etc.
High Dependence on Traditional Treatments Limiting the Growth of Wound Treatment System Market
One of the key factors hampering the growth of the wound treatment system market is that a major population is still highly dependence on the traditional treatment options like cleansing, bandaging, debridement etc. However, in response to the growing demand for wound therapy system by consumers, companies are focusing to rise in awareness program about the advantages of the system to treat wound as compare to tradition approach.
Wound Treatment System Market Segmentation
Based on the product type, the wound treatment system market is segmented into
- Negative Pressure Wound Therapy System
- Oxygen Wound Therapy System
- Electric Stimulation Wound Therapy System
Based on the indication, the wound treatment system market is segmented into
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Ischemic Ulcers
- Pressure Ulcers
Based on the end-user, the wound treatment system market is segmented into
- Specialty Clinics
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