Advance Wound Care Management Market is poised to register a CAGR of 6.25% during the forecast period 2018 to 2023| Key Vendors – CONVATEC GROUP PLC, ACELITY, SMITH & NEPHEW, 3M COMPANY, COLOPLAST, DERMA SCIENCES INC., BAXTER INTERNATIONAL, amongst othe

Market Analysis:

North America to Dominate the Market
With more than 35% of the market share, North America dominates the market due to increasing incidences of chronic wounds, favorable reimbursement policies and rise in geriatric population. Europe is also expected to boost the growth of market due to increasing awareness of wound care management among geriatric population.

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The incidence of chronic wounds especially foot ulcers increases among the diabetic population. It is also estimated that patient with diabetes are 10 times more likely to undergo amputation at some point in their life. The numbers of diabetes patients are expected to increase with increasing geriatric population which in turn will drive the market for wound care management in the forecast period. In addition, increase in surgical procedures worldwide along with increasing ageing population is also fuelling the growth of advance wound care management market. High costs and lack of reimbursement policies all over the world is also responsible for hindering the growth of market.

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Market Segments:
Advance Wound Care Management Market is segmented by:
1. PRODUCT: MOIST WOUND DRESSINGS, ACTIVE WOUND CARE, THERAPY DEVICES, OTHERS
2. WOUND TYPE: DIABETIC FOOT ULCER, PRESSURE ULCER, VENOUS LEG ULCER, ARTERIAL ULCER, SURGICAL WOUNDS, BURNS, OTHERS
3. GEOGRAPHY: NORTH AMERICA, SOUTH AMERICA, EUROPE, ASIA-PACIFIC, MIDDLE EAST AND AFRICA, SOUTH AMERICA

Key Developments in the Market
• December 2017: Smith & Nephew announced European launch of MolecuLight i:X, which is a handheld imaging device that can be used to instantly measure wound surface area and visualize the presence of potentially harmful bacteria in it.

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