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
The report on wound treatment system market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The wound treatment system market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The wound treatment system market report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis for wound treatment system market includes:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa (MEA)
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.