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Asia-Pacific Advanced Wound Care Market Opportunities to Increased Focus Toward Advanced Treatment Protocols and Significant Unmet Need in Wound Care Industry

06-10-2019 03:04 PM CET | Health & Medicine

Press release from: Allied Market Research

Asia-Pacific Advanced Wound Care Market

Asia-Pacific Advanced Wound Care Market

The Asia-Pacific advanced wound care market accounted for $1,658 million in 2017, and is expected to reach $3,655 million by 2025, growing at a CAGR of 10.4% from 2018 to 2025. Japan was the highest contributor in the Asia-Pacific advanced wound care market in 2017, whereas, China is expected to witness the highest growth rate during the forecast period.

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Technological advancements that aid in treatment and management of complex wounds and increased awareness to reduce healthcare costs are the major driving factors of the Asia-Pacific advanced wound care market

The therapy device segment was the highest revenue contributor in 2017. Advanced wound care therapies are specialized treatments for chronic or non-healing wounds and are majorly opted when standard wound care has failed. Advanced wound care products mainly focus on maintaining a stable temperature around the wound, protecting the wound from infection, relieving pain while changing dressing, facilitating oxygen flow, and removing dead tissue to prevent scarring and thus, allow new cells to emerge.

The major factors that boost the market growth include changes in lifestyles that lead to increased diabetic wounds, pressure ulcers, and technological advancements followed by favorable reimbursement scenario, and increase in adoption rates for these products. In addition, presence of high unmet medical needs and rise in preference for products that enhance therapeutic outcome are anticipated to drive the demand for advanced wound care devices. However, high cost of advanced wound care products and unfavorable reimbursement policies in the emerging countries are some of the factors that restrict the market growth.

Based on product type, the active wound care segment is the most lucrative market, growing at a high CAGR. This is attributed to the low toxicity and biocompatibility characteristics of the products and increase in incidence of chronic diseases such as diabetes.

Based on end user, the community health service centers segment is the major contributor toward the Asia-Pacific AWC market in 2017 and is projected to maintain the same trend throughout the forecast period. The rise can be attributed to the increase in the adoption rate of high technology solutions and the availability of wide range of AWC products under one roof coupled with government reimbursements.

Key Findings of the Study
• Chronic wounds segment is projected to grow at the highest rate during the analysis period.
• Japan dominated the Asia-Pacific advanced wound care market in 2017 and is projected to continue its dominance in future.
• Growth factor segment is expected to experience high growth in the Asia-Pacific region during the forecast period.
• Exudate management segment was the largest contributor toward the Asia-Pacific AWC market in 2017 and is projected to continue its dominance in future.
• Diabetic foot ulcers segment generated the highest revenue and is expected to continue its dominance in future.

The key players profiled in the report include 3M Company, Smith & Nephew plc, Coloplast A/S, Medtronic plc, Acelity L.P. Inc., Cardinal Health, Inc., ConvaTec Group Plc, Essity Aktiebolag (BSN Medical GmbH), B. Braun Melsungen AG, and Mlnlycke Health Care AB.Other prominent players in the value chain include Hollister Incorporated, Medline Industries, Inc., Johnson & Johnson, Baxter International, Triage Meditech, Integra Lifesciences, and Derma Sciences Inc.

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Table Of Content

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

2.1. CXO perspective

3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top investment pockets
3.3. Porters Five Forces analysis
3.4. Market Share Analysis
3.5. Market Dynamics
3.5.1. Drivers Rapidly aging population and favorable demographics Technological advancements to deal with complex wounds Increased awareness to reduce healthcare costs
3.5.2. Restrains Reluctance in adoption of new technologies Development of substitute products and lack of sufficient evidence
3.5.3. Opportunities Increased focus toward advanced treatment protocols Significant unmet need in wound care

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About US:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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