Global Advanced Wound Care Market Overview 2018 and Forecast 2025: Innovative Products and Rising Demand in Emerging Healthcare Market with Paul Hartmann Limited, DeRoyal Industries Inc, DermaRite Industries LLC
The global advanced wound care market highly concentrated to a few big players and rest to local players who cater to domestic markets only. Advanced wound care market is dominated by Acelity Inc. accounting for a highest market share in 2017, followed by Smith And Nephew, Molnlycke Healthcare and among others.
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Acelity L.P. Inc:
Acelity L.P Inc was founded in 1976 and headquartered in Texas, United States. The company is involved in wound management, open abdomen management and incision management, epidermal harvesting, and animal health. The company is mainly focused on surgical healing and hospital patient-mobility equipment, including a tissue-repair therapy in hospitals across the worldwide. Acelity is formed by three organization KCI, Systagenix and LifeCell.
The compnay has it’s subsidiaries namely Plexus Enterprises, Inc (U.S.), SystagenixWound Management Mezz B.V. (Netherland), Technimotion, LLC (U.S.), The Kinetic Concepts Foundation (U.S.), Equi-Tron Manufacturing, Inc (Canada).
Acelity L.P. Inc is serving in more than 90 Countries.
SMITH AND NEPHEW:
Founded in 1937 and headquartered in London, U.K. Smith And Nephew. is involved in designing., developing and selling of medical devices. The company operates in different segments namely Knee Implants, Advanced Wound Care, Sports Medicine Joint Repair, Arthroscopic Enabling Technologies, Hip Implants, Trauma & Extremities, Advanced Wound Bioactives, Advanced Wound Devices and Other Surgical Businesses. The advanced wound care market related products and services lie under advanced wound care business segment.
The company has its subsidiaries namely Blue Belt Technologies UK Limited (U.K.), Neotherix Limited (U.S.), Plus Orthopedics (U.K.) Limited (U.K.), Arthrocare Corporation (U.S.), Bioventus LLC (U.S.), Smith & Nephew Pty Limited (Australia), ArthoCareMedical Devices (Beijing) Co.Limited (China),.
The company has its global presence in many regions America, Europe, Asia, Australasia, Middle East and Africa.
Abbott was incorporated in 1849 and headquartered in Gothenburg, Sweden. The company is involved in developing and providing single-use surgical and wound care products to customers, healthcare professionals, and patients internationally. The company offers the products and solution offers through wound management prevent pressure ulcers, surgical solutions. Advanced wound care is offered under wound management.
The company has its subisdiaries namely Molnlycke Health Care Inc., Wytwórnia Artykulów Higienicznych JKT Sp. z o.o., Molnlycke Health Care US, LLC, Molnlycke Health Care (Thailand) Ltd., Rynel, Inc. and others.
Molnlycke Healthcare operates in Company has global presence across the world including Australia, Austria, U.S., Switzerland, Sweden, Singapore, Hungary, Italy, Russia and among others.
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Global Advanced Wound Care Market By Type (Dressing, Biologics, Therapy Devices), By Wound Type (Surgical Wound, Diabetic Ulcers, Pressure Ulcers, Venous Ulcers, Burns, Others), By End-User (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Community Healthcare), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa)
The major factors contributing to the growth of the market includes factors such as rising ageing and geriatric population, technological advancement and government support in advanced wound care.
RISING AGEING AND GERIATRIC POPULATION
With our aging population, diseases that compromise skin integrity such as diabetes, skin breakdown with ulcer and chronic wound formation is a frequent consequence. Type of wounds includes pressure ulcers, surgical wounds, venous ulcers, traumatic wounds, arterial wounds, diabetic ulcers and chronic ulcers. There is a strong correlation between age and the incidence of diseases requiring wound products. Special dressings have been developed to cure these disease, they include films, hydrocolloids, hydro gel dressings, foams, hydrofibers and alginate dressings. Advance wound care is highly used in case of pressure ulcers, diabetic ulcers and chronic ulcers.
According to World Bank, in 2015, Asia and Pacific population is aging faster as compare to any other region. In 2015, 315.1 million aged population lives in Asia Pacific and this number is expected to increase in the future. Also, in Japan aging population is rising due to which spending by the Japanese government healthcare is increasing. According to United Nations Population Fund Asia & the Pacific (UNPFA), the number of older population in the Asia-Pacific is expected to triple and it will reach 1.3 billion by 2050. On the other hand, in 2015, aged population of Europe, Middle East and Africa, South America and North America is 145.3, 51.2, 50.6 and 53.6 million and is expected to increase to 236, 213, 186, and 125 million in 2050.
According to World Population Prospects, 962 million people aged above 60 which comprises of 13.0% of total population and is expected to reach 425 million by 2050. Europe contributes maximum in the aged population which is is around 25.0% of total aged population.
According to United Nations Population Fund, estimated population of India would be 25.1 million by 2050.
According to Population Reference Bureau Average life expectancy is increased from 68 years in 1950 to 79 years in 2013 because the mortality rate has been reduced. In elderly patients the wound healing process is very slow due to low collagen replacement, low elasticity of skin, ageing related disease like cardiovascular process diabetes and others, To overcome all these factors new wound care products are required to accelerate the wound healing process in elder populations considering the ageing related factors.
Wounds are unique in as far as no disease other than wounds would have existed from the beginning of mankind. Over the years, the management of wounds, especially that of chronic wounds, have enormous social and economic implications worldwide. The increasing prevalence of chronic wounds is driving demand for products which better enhance quality of life and limit the risk of more serious health problems. As a result treatment and management is moving from traditional wound care products to more advanced offerings which provide an optimal healing environment. These advanced technologies include foam, alginates, gelling fibrous dressings and anti-infective substances such as silver. Continuous advances made in the study of the wound, an ever-broadening understanding of the path physiology of wounds, and advanced technology in monitoring the response of healing has led to continuous developments in the treatment of different wounds. Current research focuses on human skin substitutes and growth factors that will provide promising results. Technological advancement in wound care allows nurses and care workers to provide better treatment for patients. New technological advancement has led to a shift from dressings to more advanced devices and products that incorporate pharmaceutically active ingredients.
Wound healing is an inherent ability of an organism to protect itself against injuries. Government of every region support in the form of funding for advance wound care development, innovations and helps in increasing trend towards preventive healthcare. For instance, Willingsford a small British company is to receive government grant to develop its innovative wound treatment. In 2012, Canada spends USD 3.9 billion annually on wound care. WCA Canada recommends the federal government to invest in supporting WCA Canada to develop an innovative wound collaborative to drive partnerships for providing pan-Canadian leadership on management and wound prevention involving national health organizations, clinician, academia, and industry (medical devices, pharmaceuticals, biotechnologies and IT). The European Wound Management Association (EWMA), aims to advocate for the rights of people with wounds and to promote best practice in wound management, to receive the best possible care in a timely manner that meet the needs of the individual and the health service. The document Home Care-Wound Care (HCWC) was developed by a group of experts within The European Wound Management Association and supported by representatives of organisations in Germany and UK, to provide a set of recommendations on wound care at the European level.
The government support and fund for the research and development to develop new technologically advancements produces new products in the market. Government plays a major role in the launch of new and cost effective products by regulating there policies for new product launch. By these government supports advanced wound care market can be hastens.
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