Advanced Wound Care Market to Reach $ 15 Billion By 2025: Medtronic plc, Medline Industries, BSN medical, Integra LifeSciences Corporation, PAUL HARTMANN Limited, Covalon Technologies Ltd., ConvaTec, Coloplast A/S, Smith & Nephew plc, Mölnlycke Health Ca

A research study titled, “Advanced Wound Care Market by Product and Application - Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the advanced wound care market is projected to be around $15 billion by 2025.

Advanced Wound Care Market - Competitive Insights:

Some of the key players operating in the global AWC market are Medtronic plc, Medline Industries, Inc., BSN medical, Integra LifeSciences Corporation, PAUL HARTMANN Limited, Covalon Technologies Ltd., ConvaTec, Inc., Coloplast A/S, Smith & Nephew plc, Mölnlycke Health Care AB, DeRoyal Industries, Inc., Cardinal Health, Acelity L.P., Inc., and Organogenesis Inc.

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The key players in AWC industry focus on product development to outperform their competitors in the market. For instance, in September 2016, Coloplast Corp launched a new series of silicone wound dressings to expand Biatain Silicone portfolio. These dressings are of different shapes to fit a heel, the back of the shoulder or the neck, the hollow of the knee; places where dressings cannot be applied properly. Likewise, in March 2017, Acelity L.P., Inc. launched the V.A.C. Veraflo Cleanse Choice dressing that provides clinicians with a non-surgical option which can help clean complex wounds in cases where complete surgical debridement is not possible.

Advanced Wound Care Market - Trend Analysis:

The global advanced wound care (AWC) market is expected to be around $15 billion by 2025. This can be primarily attributed to number of factors such as growing incidence of chronic diseases such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers, ongoing technological innovations in AWC products, and rise in demand for faster wound healing and recovery, and the reduction in healthcare cost with a significant decrease in the average length of hospital stay. Moreover, the rapidly aging population which is more prone to chronic diseases will further increase the demand for AWC products. Additionally, availability of reimbursement for chronic procedures is set to drive the growth of the market during the forecast period. However, low awareness about the benefits and availability of AWC products and the cost of these products will hinder the market growth in developing and under developed countries.

Advanced Wound Care Market - Product Outlook and Trend Analysis:

On the basis of product, the therapy devices segment accounted for the major share of the global AWC market in 2016. Further, it is projected to dominate the global market during the forecast period. This large share can be primarily attributed to the capability of therapy devices to enhance the wound healing and recovery process with the adoption of vacuum dressings. Negative pressure wound therapy (NPWT) devices segment is projected to bring in new growth opportunities for the key players in the market. This modality is gaining popularity in the treatment of both chronic and acute wounds. The active wound care market is projected to be the fastest-growing segment during the forecast period. This segment is poised to grow at a double digit growth rate from 2017 to 2025.

Advanced Wound Care Market Segmentation:

Advanced Wound Care Market - By Product: Dressings, Collagens, Silver Wound Dressings, Non-Silver Dressings, Hydrocolloids, Alginates, Foam Dressings, Hydrogels, Therapy Devices, Oxygen and Hyperbaric Oxygen Equipment, Electromagnetic Therapy Devices, Negative Pressure Wound Therapy, Ultrasound Devices, Active Wound Care, Growth Factors, Skin Substitutes, Others (Electric Stimulation Devices, Pressure Relief Devices, Ultraviolet Devices, Whirlpool Therapy Devices)

Advanced Wound Care Market - By Application: Chronic Wound Care, Venous Leg Ulcers, Pressure Ulcers, Diabetic Foot Ulcers, Arterial Ulcers, Acute Wound Care, Surgical Wounds, Burns & Trauma

Advanced Wound Care Market - Application Outlook and Trend Analysis:

The chronic wound segment is expected to grow at a significant CAGR during the forecast period. This market is projected to grow at a high single digit growth rate from 2017 to 2025. This can be attributed to the growing demand for AWC products for the faster wound healing and recovery, as chronic wounds require considerable time to heal which increases the cost of treatment.

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Advanced Wound Care Market - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Advanced Wound Care Market - Regional Outlook and Trend Analysis:

North America accounted for a majority share of the global AWC market in 2016 owing to the rise in incidence of chronic wounds, presence of advanced healthcare infrastructure, and high adoption rate of technologically advanced AWC products in the region. The Asia-Pacific AWC market is projected to exhibit significant growth during the forecast period due to huge patient population, increasing healthcare expenditure in countries such as China and India along with increased awareness related to the benefits of AWC products.

Advanced Wound Care Market - List of Tables:

Table 1.Advanced Wound Care Market, By Product, 2016-2025 ($Million)
Table 2.Dressings Market, By Type, 2016-2025 ($Million)
Table 3.Dressings Market, By Region, 2016-2025 ($Million)
Table 4.Collagens Market, By Region, 2016-2025 ($Million)
Table 5.Silver Wound Dressings Market, By Region, 2016-2025 ($Million)
Table 6.Non Silver Dressings Market, By Region, 2016-2025 ($Million)
Table 7.Hydrocolloids Market, By Region, 2016-2025 ($Million)
Table 8.Alginates Market, By Region, 2016-2025 ($Million)
Table 9.Foam Dressings Market, By Region, 2016-2025 ($Million)
...

Advanced Wound Care Market - List of Figures:

Figure 1.Advanced Wound Care Market, By Product, 2016 & 2025 ($Million)
Figure 2.Advanced Wound Care Market, By Application, 2016 & 2025 ($Million)
Figure 3.Advanced Wound Care Market, By Region, 2016 & 2025 ($Million)
Figure 4.Medtronic plc: Net Revenues, 2014-2016 ($Million)
Figure 5.Medtronic plc: Net Revenue Share, By Segment, 2016
Figure 6.Medtronic plc: Net Revenue Share, By Geography, 2016
Figure 7.Medline Industries, Inc.: Net Revenues, 2014-2016 ($Million)
Figure 8.Medline Industries, Inc.: Net Revenue Share, By Segment, 2016
...

Key Findings of the Research Study:

• Therapy devices segment held major share of the overall market in 2016 and will continue to dominate the market during the forecast period.

• Active wound care segment is projected to grow at a double digit CAGR during the forecast period primarily due to its biocompatibility characteristics.

• NPWT modality is gaining popularity in the management of acute as well as chronic wounds.

• Chronic wound segmentis projected to witness a high single digit growth rate from 2017 to 2025.

• North America dominated the global AWC market in 2016 primarily due to availability of advanced healthcare infrastructure and favorable reimbursement policies.

• Asia-Pacific AWC market is projected to grow at significant CAGR during the forecast period owing to increasing demand for advanced healthcare services with rising disposable income of the people.

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