Advanced Wound Care Market Projections 2026 | 3M, Coloplast, Hollister Incorporated, Mölnlycke, ConvaTec Group

The advanced wound care market expansion would be augmented by a substantial rise in geriatric population, robust technological advancement, and numerous government initiatives to enhance healthcare infrastructure. The benefit of being impermeable to bacteria, these dressings speed up the healing process of wounds, resulting in the high adoption of the product.

Reportedly, chronic diseases currently account for nearly 60% of all deaths globally. An increasing number of surgical procedures to treat chronic ailments and injuries including complexed nonhealing wounds would escalate the demand for advanced wound care products in the coming years. According to a Global Market Insights, Inc., report, global advanced wound care market size is projected to surpass US$14.4 billion by 2026.

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The surgical wounds segment accounted for the largest market share of over US$3.1 billion in 2019. A rising number of health problems and surgical procedures across the globe and the notable development of healthcare infrastructure in developed as well as developing countries is the prime factor responsible for segment growth. Additionally, the ability of advanced wound care solutions in curing wounds and eliminating the chances of infection will encourage a high preference for reliable wound dressing products.
The advanced wound care industry share from homecare settings segment is expected to grow at over 6.5% CAGR up to 2026. Growing preference by geriatric population base for advanced wound therapy at home would propel homecare settings segment expansion. The introduction of numerous wound care solutions by leading pharma companies helps elder people to use these medical products conveniently. Such benefits along with minimal hospital visits provided by advanced wound care solutions would boost their demand in the coming years.

Asia Pacific advanced wound care industry accounted for nearly 16% of the total market share in 2019 and is anticipated to grow considerably in the upcoming years. The regional industry expansion is majorly attributed to growing medical tourism in emerging countries such as Thailand and India. Extensive investment to uplift healthcare infrastructure in these geographies would provide growth opportunities to the industry.

Prominent firms functional in the global advanced wound care industry include Lohmann & Rauscher, Hollister Incorporated, Coloplast, Mölnlycke, Beiersdorf global, ConvaTec Group, HARTMANN International, MPM Medical, Derma Sciences, Medline Industries, B. Braun, Integra LifeSciences Corporation, Organogenesis, 3M, and Smith and Nephew.

Market, By Product
• Wound dressings
o Anti-microbial dressings
o Alginate dressings
o Hydrogel dressings
o Foam dressings
o Film dressings
o Hydrocolloidal dressings
o Others
• Wound therapy devices
o Negative pressure wound therapy systems
o Pressure relief devices
o Electrostimulation devices
o Oxygen and hyperbaric oxygen equipment
o Others
• Others
o Growth factors
o Others

Market, By Application
• Diabetic wounds
• Skin burns
• Pressure wounds
• Surgical wounds
• Venous legs ulcers
• Others

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Growing number of accidents globally would increase product demand in the upcoming years. Also, a surging number of patients suffering from chronic diseases, who are more vulnerable to developing chronic wounds would further escalate the demand for advanced wound care products, leading to exponential business expansion.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.