|01-17-2019 08:18 PM CET - Health & Medicine||
Companies Profiled in Advanced Wound Care Market are Mölnlycke, ConvaTec, Coloplast, Medline Industries, Inc., Medtronic, Beiersdorf
Press release from: Global Market Insights
Technological advancements in advanced wound care industry leading to the development of better and innovative wound care products with enhanced effectiveness, rapid healing time, and no side effects will drive the industry growth over forecast period. Increasing awareness pertaining to the availability and advantages of these technologically superior products especially in developing regions will further support the market growth over the forecast timeframe.
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. Medline Industries, Inc.
5. Smith & Nephew
8. Integra LifeSciences
9. B. Braun Medical
11. Hollister Incorporated
12. Organogenesis Inc.
13. Derma Sciences
14. MPM Medical Inc.
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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.
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.
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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
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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