Advanced Wound Care Management Market Growing at 6.8% CAGR to US$ 16.9 Billion By 2025

Manufacturers advanced wound care management market are increasing focusing on product launches and acquisition strategy. This is expected to aid in growth of the market. For instance, in April 2017, Rehab Medical Inc. — a U.S.-based healthcare company — acquired Ohio-based Crow Creek Therapeutics. The acquisition is expected to aid Rehab Medical in increasing its portfolio of offerings in the wound care market. Furthermore, In January 2017, Integra Life Sciences Holdings Corporation — a wholly-owned subsidiary of Integra Derma Inc. — entered into a definitive agreement with Derma Sciences Inc. — a tissue regeneration company — to acquire the latter. This acquisition is expected to help the company in growth of its advanced wound care business.

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In April 2017, ConvaTec Group Plc. — a global medical technology company — introduced Foam Lite ConvaTec dressing in the U.S for the management of low to non-exuding chronic and acute wounds. The Foam Lite ConvaTec dressing comprises breathable film and perforated, silicone adhesive. The dressing is flexible and conforms in different positions and places such as wrists, knees, elbows, and ankles. The silicone adhesive is user-friendly, easy to apply, and reposition and does not stick to the gloves or damages wound upon removal. The product is available in the Netherlands, the U.K, Germany, France, Austria, Spain, Croatia, Switzerland, Australia, and Canada.

Browse 27 Market Data Tables and 35 Figures spread through 190 Pages and in-depth TOC on Global Advanced Wound Care Management Market by Product (Moist Wound Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings and Collagen Dressings), Wound Therapy Devices (Pressure Relief Devoices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment and Electrical Stimulation Devices), and Active Wound Care (Artificial Skin and Substitutes and Topical Agents), by Wound Type (Surgical Wounds, Ulcers (Pressure Ulcers, Diabetic Foot Ulcers and Venous Ulcers), Traumatic Wounds, Burns and Other Wounds), by End User (Hospitals, Clinics and Ambulatory Surgical Units), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2025

Key players are focusing on collaborations to strengthen their product portfolio related to advanced wound care management. For instance, in December 2017, Smith and Nephew in collaboration with MolecuLight Inc. introduced MolecuLight — a handheld digital scanner device — that instantly determines the presence of bacteria and infection in the wound. This point of care (POC) device is expected to decrease the diagnosis and wound healing time by nine hours with 54% more accuracy. Furthermore, in November 2017, Crawford Healthcare in collaboration agreement with EBOS Healthcare — an Australasian medical supplies distributor — in order to expand into New Zealand and Australia markets.

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Key Takeaways of the Market:

The global advanced wound care management market is expected to exhibit a CAGR of 6.8% over the forecast period (2017–2025), owing to rising incidences of diabetic population and chronic wounds. According to Centers for Disease Control & Prevention (CDC) in 2016, 23.6 million people suffer from diabetes, which is 7.8 percent of the total population in the U.S. One third of all diabetic population in the U.S also suffer from lower extremity wounds. Asia Pacific region in the global advanced wound care management market is expected to exhibit a high growth rate, in terms of value, over the forecast period owing to its large population base

Among wound type, the ulcers segment is expected to exhibit a significant CAGR of 4.9%, owing to rising incidences of diabetic ulcers

Asia Pacific emerging as a key market. For instance, in 2012, Smith & Nephew launched 23 new wound care products in Asian and Chinese markets. Further in the same year, ConvaTec started some operations in India to up bring novel healthcare technologies and treatment measures in Asian market.

The major players operating in the advanced wound care management market include Johnson & Johnson, 3M Company, Baxter International, Acelity, Coloplast, Integra Lifesciences, Kinetic Concepts, Covidien, Smith & Nephew, Leap Therapeutics, Hematris Wound Care, and Triage Meditech.

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