Advanced Wound Care Management Market 2025: Wide Application Area to Propel Demand, Estimated By Top Players Johnson & Johnson, 3M Company, Baxter International, Coloplast, Integra Lifesciences, Medtronic plc, Smith & Nephew plc.

Advanced wound care products are used by healthcare practitioners. It is a therapeutic approach for encouraging effective wound healing process. Advanced wound care management treatment uses moisture therapy, which provides moist microenvironment that stimulates the natural healing process. The products used in moist wound care includes film and foam dressings, hydrogels, alginates, and hydrocolloids. This therapy besides maintaining hydrated environment, also keeps the temperature consistent, allows flow of oxygen, removes dead tissue, protects the site from exogenous infection, and eases the pain associated with dressing changes.

Growth of the advanced wound care management market is primarily driven by increasing incidence of diabetes coupled with chronic wounds and increasing geriatric population. According to Centers for Disease Control & Prevention (CDC) in 2016, 23.6 million people suffered from diabetes, which is 7.8% of the total population in the U.S. One third of the diabetic population in the U.S also suffered from lower extremity wounds.

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Market Dynamics:

Manufacturers in the global 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.

Major factors driving growth of the advanced wound care management market include increasing prevalence of diabetes coupled with chronic wounds, and growing geriatric population. According to Centers for Disease Control & Prevention (CDC) in 2016, 23.6 million people suffered from diabetes, which is 7.8% of the total population in the U.S. One third of the diabetic population in the U.S also suffered from lower extremity wounds. However, high cost of treatment, is one of the factor expected to hinder growth of the global advanced wound care management market.

Regional Analysis:

North America region is expected to be dominant in the advanced wound care management market over the forecast period

North America held the dominant position in the global market, owing to increasing prevalence of pressure ulcers. According to the National Center for Health Statistics, in 2015, over US$ 13 billion was spent on pressure ulcer management. Furthermore, National Institute of Health and CDC estimated that as of 2015, in the U.S alone, around 2.5 million pressure ulcers were cured.

Asia Pacific is an emerging region in the advanced wound care management market. This is owing to increasing number of global players tapping in the region. For instance, in January 2016, Avita Medical and INDEE Medical signed a distribution agreement for ReCell Device — a medical device used in conjunction with conventional treatments for burns and reconstructive procedures — in Japan. In January 2015, Mundipharma started distribution of Medifoam (also known as BETAplast in South East Asia) in South Asian markets such as Malaysia, Thailand, and Vietnam including China and South Korea.

Competitor analysis:

Prominent players in the global advanced wound care management market include,

• Johnson & Johnson
• 3M Company
• Baxter International
• Acelity
• Coloplast
• Integra Lifesciences
• Kinetic Concepts
• Medtronic plc
• Smith & Nephew plc
• Leap Therapeutics
• Hematris Wound Care
• Triage Meditech

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Detailed Segmentation:

Global Advanced Wound Care Management Market, By Product Type:

• Moist Wound Dressings
- Foam Dressings
- Hydrocolloid Dressings
- Film Dressings
- Alginate Dressings
- Hydrogel Dressings
- Collagen Dressings
• Wound Therapy Devices
- Pressure Relief Devices
- Negative Pressure Wound Therapy Systems
- Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
• Active Wound Care
- Artificial Skin and Substitutes
- Topical Agents

Global Advanced Wound Care Management Market, By Wound Type:

• Ulcers
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Ulcers
• Surgical Wounds
• Traumatic Wounds
• Burns
• Other Wounds

Global Advanced Wound Care Management Market, By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Units

Global Advanced Wound Care Management Market, By Geography:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

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This release was published on openPR.