Advanced Wound Care Market Competitive Analysis with Key Players are Mölnlycke, Organogenesis Inc., B. Braun Medical, Acelity, Medtronic, Beiersdorf, Coloplast, Medline Industries, Inc., Smith & Nephew

Increasing incidences of chronic diseases such as diabetes, obesity and consequent rise in incidences of chronic wounds will drive advanced wound care market over the forecast period. Impaired or delayed wound healing in chronic diseases as well as after surgical procedures poses serious threat to patients and put them at risk of infection, amputation and even death. As a result, unmet need of superior healing technologies that enable rapid healing is prevailing in the global wound care industry.

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Wound therapy devices segment of advanced wound care market will witness more than 6% CAGR from 2018 to 2024. Negative pressure wound therapy (NPWT) currently represents lucrative growth opportunity amongst all devices. NPWT effectively treats acute as well as chronic wounds and have several benefits compared to other methods such as early discharge, easier transfer to other healthcare settings, and minimizes the frequency of wound dressing changes. Such advantages will enable NPWT to retain its market share over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Medtronic
2. Beiersdorf
3. Coloplast
4. Medline Industries, Inc.
5. Smith & Nephew
6. ConvaTec
7. Mölnlycke
8. Integra LifeSciences
9. B. Braun Medical
10. Acelity
11. Hollister Incorporated
12. Organogenesis Inc.
13. Derma Sciences
14. MPM Medical Inc.

Diabetic wounds application segment is forecasted to witness 5.9% CAGR over the forecast period. Diabetic foot ulcers are responsible for significant mortality and morbidity in patients with diabetes mellitus. Prevalence of diabetic foot ulcers is forecasted to grow rapidly over the coming years. Increasing prevalence of obesity, lifestyle changes, and unhealthy eating habits are further expected to support growing prevalence. Rising number of diabetic foot ulcer patients should generate huge demand for advanced wound care products.

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North America advanced wound care market currently dominates the global industry with revenue USD 3.9 billion and the scenario is likely to remain so over the forecast period. High and rising prevalence chronic and acute wounds and increasing number of surgeries will drive the regional demand. Moreover, high level of awareness and adoption of advanced wound care devices such as NPWT will augment regional growth in coming years.

Advanced Wound Care Market, by Product, 2013-2024, (USD million)
o Wound Dressings
o Antimicrobial Dressings
o Alginate Dressings
o Hydrogel Dressings
o Foam Dressings
o Film Dressings
o Hydrocolloidal Dressings

o Wound Therapy Devices
o Negative Pressure Wound Therapy Systems
o Pressure Relief Devices
o Electrostimulation Devices
o Oxygen and Hyperbaric Oxygen Equipment

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