Advanced Wound Care Market Competitive Analysis with Key Players are Mölnlycke, Organogenesis Inc., B. Braun Medical, Acelity, Medtronic

Rising geriatric population base that are at high risk of developing chronic wounds will support the demand of advanced wound care products. This rising patient pool suffering from chronic wounds causes significant cost burden on healthcare systems across the globe. The existing and rising cost burden of these chronic wounds is predicted to drive the investments in advance wound care technology rendering significant positive impact on industry growth. However, prohibitive cost of advance wound care products that often undermines treatment affordability will impede the industry growth in foreseeable future.

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Wound dressing currently accounted for USD 4.9 billion in 2017 and is expected to retain its dominant position in the industry throughout the analysis period. Increasing awareness pertaining to the benefits of advanced wound dressing and its gradually increasing adoption will augment the segment growth. However, traditional wound dressings are still used in developing and underdeveloped regions due to low cost that is expected to impede segment growth to some extent.

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.

Surgical wounds application segment accounted for USD 2.9 billion in 2017 and is estimated to dominate the industry throughout the analysis period. Surgical wounds extend the hospital stay, cause huge economic burden and significantly hamper quality of life. Increasing number surgeries due to trauma, accidents and rising prevalence of chronic diseases will spur the advanced wound care market over forecast period.

Hospital end use segment of advanced wound care market accounted for USD 3.9 billion in 2017. Significant number of patients suffering from chronic and acute wounds are treated at hospitals. Moreover, as the hospitals are well equipped with the infrastructure required for surgical treatments, most of the surgical treatments are conducted in hospital settings. This further supports the demand of advanced wound care products to treat surgical wounds and infections.

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U.S. market accounted for USD 3.5 billion in 2017 and is estimated to show lucrative growth over the forecast period due to rising number of surgical procedures and high awareness about wound care. Increasing incidences of chronic diseases such as diabetes and consequent foot ulcers will drive the regional demand. Unhealthy eating habits, sedentary lifestyle further expected to boost prevalence of chronic diseases rendering positive impact on industry 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 Others
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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