Advanced Wound Care Market Outlook to 2025 - ConvaTec, 3M, MiMedx, Mölnlycke Health Care, Paul Hartmann, Cardinal Health, Smith & Nephew, Acelity, Braun Melsungen, Integra Lifesciences Corporation

Surgical segment is expected to drive the growth of the global advanced wound care market by wound type

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According to a new market research study titled ‘Advanced Wound Care Market to 2025 – Global Analysis and Forecasts by Product, Wound Type and End User, the global advanced wound care market is expected to reach US$ 11,564.6 Mn in 2025 from US$ 8,181.9 Mn in 2017. The market is estimated to grow with a CAGR of 4.5% from 2016-2025. The market is expected to grow due to increasing prevalence of diabetes & related chronic wounds, however, the cost of the advanced wound care products is hindering the market.

Chronic wound products are a major requirement in the wound care industry. The advancement and development in the industry is increasing in the last few years. Hence, over the years, researchers have been carrying out research activities which have resulted to product innovations. In 2017, Department of Fiber Science and Technology have launched the new bandage developed from sea life: crab shells. Believed to be the world’s first, the bandage is made from chitosan, a mineral that’s found in most crustacean shells. The research activities as well as product innovations are expected to provide impetus for the growth of the advanced wound care market during the forecast period.

Global advanced wound care market, based on the wound type was segmented into ulcers, burns, trauma, surgical, and diabetic foot. In 2017, the surgical segment held the largest share of the market, by wound type. In addition, the surgical wound is also expected to grow at the fastest rate during the coming years owing to factors such as, rising number of surgical procedures, and increasing wounds due to the surgical procedures.

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The key players operating in the advanced wound care market worldwide include Smith & Nephew, Acelity L.P., Braun Melsungen AG, Integra Lifesciences Corporation, ConvaTec, 3M, MiMedx, Inc., Mölnlycke Health Care, Paul Hartmann AG and Cardinal Health, Inc. For instance, in January 2018, Mölnlycke partners with Tissue Analytics to simplify and standardize chronic wound care.

The report segments the global advanced wound care market as follows:

• Global Advanced Wound Care Market – By Product

• Dressings
o Film Dressings
o Hydrogel Dressings
o Foam Dressings
o Hydrocolloid Dressings
o Other Dressings

• Devices
o Electrical Stimulation
o Pressure Relief Devices
o Hyperbaric Oxygen Equipment
o Negative Pressure Wound Therapy Systems
o Others

• Bioactives
o Autografts
o Allografts and Xenografts
o Topical Agents
o Others

• Global Advanced Wound Care Market – By Wound Type
• Surgical
• Trauma
• Burns
• Ulcers
• Diabetic Foot
• Others

• Global Advanced Wound Care Market – By End User
• Hospitals & Clinics
• Ambulatory Care Centers
• Wound Care Centers
• Others

• Global Advanced Wound Care Market – By Geography

• North America
 U.S.
 Canada
 Mexico

• Europe
 U.K.
 Germany
 France

• Asia Pacific (APAC)
 Japan
 China
 India

• Middle East & Africa (MEA)
 Turkey
 South Africa
 UAE
 Saudi Arabia

• South & Central America (SCAM)
 Brazil
 

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This release was published on openPR.