Share
Wound Care 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
[ 170 + Pages Research Report ] Wound Care Market to surpass USD 32.8 million by 2030 from USD 19.83 million in 2018 at a CAGR of 5.8% throughout the forecast period, i.e. 2019-30.
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. In addition to maintaining a hydrated environment, this therapy also maintains the temperature constant, facilitates air supply, eliminates dead tissue, protects the site from exogenous infection, and relieves the pain associated with changes in dressing. In contrast to conventional wound care products, advanced wound care products have a higher absorption ability, such as gauze, sponge, plaster, and wadding, which is necessary to avoid wound infiltration. They also allow the exchange of oxygen and block the entry of microbes into the wounds at the same time, maintain moisture, and help build new tissue tissues.
Global Wound Care Market to surpass USD 32.8 million by 2030 from USD 19.83 million in 2018 at a CAGR of 5.8% 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, the volume of surgeries, cases of diabetes and obesity, the incidence of chronic wounds, and several road accidents. Furthermore, technological advancements and raising 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 is segmented by type of 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, superabsorbents, contact layers for wounds, alginates, collagen, and hydro fiber. The foam segment accounted for the largest share of the whole advanced segment and is projected to expand at the fastest pace in the market.
Global Wound Care Market is segmented by application into ulcers, burns, and surgical and chronic wounds. The surgical and chronic wound is expected to hold the major market share of XX% in 2018 due to the rising volume of surgeries and an increasing number of road accidents. In addition, the high prevalence of pressure ulcers and venous leg ulcers in the geriatric population can be due to the increasing incidence of diabetes and diabetic foot ulcers. Adoption of advanced dressings is increased by benefits such as moisture wound healing, non-adherent design, and bacterial barrier. In addition, new product launches and new dressing developments are reinforcing segment growth over the forecast period.
Global Wound Care Market is segmented by End-User into inpatient and outpatient facilities. The inpatient facilities category accounted for the largest size in 2018 and is predicted to dominate it during the forecast period as well. This is due to the wide variety of wound care options that these facilities provide, such as conventional and advanced wound care products. In addition, this pattern is projected to continue over the forecast period due to an increase in the number of operations performed and a higher number of patients who tend to visit hospitals for various cases such as surgical wounds, burns, and ulcers. However, due to the availability of improved services and therapies for wounded patients, the wound care center segment is projected to rise at the fastest growth rate.
Increasing prevalence of surgical and chronic wounds
Growing geriatric population, increasing number of diabetes patients globally, rising occurrence of wound ulcer and surgical wounds, growing research and development activities, the introduction of novel treatments for advanced wounds, favorable reimbursement scenarios, and technological advancement in advanced wound care products are the key factors enhancing the growth of the Global Wound Care market. Some of the other key factors driving the growth of the advanced wound care industry are the rising adoption of evidence-based treatment for chronic wounds, escalating healthcare expenditure, and awareness programs for advanced wound care treatment and management.
Technological Advancements and Increasing Product Launches
Over the forecast period, the growing expansion strategies by market players are expected to improve the advanced growth of the wound care management market. The advanced demand for wound care is driven primarily by technical advancements, aging populations, issues associated with inadequate conventional methods of wound healing, government measures, and an urgent need for faster and safer treatment of chronic wounds.
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 hurt their adoption. Patients and doctors in these regions are opting for innovative wound care items that are less costly. Although there are many bio-engineered dressings available in these markets, due to their low prices, doctors and patients prefer to opt for conventional and simple wound care products.
3M Company
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 products in the U.S. and a 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. The 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, which is highly competitive, consists of several major players. Companies, such as Convatec, Integra, Smith and Nephew Hartmann, and Coloplast, hold a substantial market share in the Global Wound Care market. Other players analyzed in this report are celerity L.P., Inc., 3M Company, Baxter International, Inc., Coloplast A/S, Integra Lifesciences, Johnson & Johnson, Inc., Smith & Nephew Plc., Cardinal Health, ConvaTec Group PLC, and Organogenesis Inc. among others
Recently, various developments have been taking place in the market. For instance, In December 2018, Acelity LP launched its V.A.C.RX4 Therapy System for multiple traumatic wounds in the U.S.
Global Wound Care Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Global Wound Care Market Segments:
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
