Advanced Wound Care Market Trends and Business Opportunities by 2025

The market for advanced wound care is expected to grow due to increasing prevalence of diabetes & related chronic wounds, technological advancement in advanced wound care products and increasing rise in the geriatric population are boosting the market over the years. In addition, the increasing medical tourism in emerging nations are likely to have a positive impact on the growth of the market in the coming years.

The global advanced wound care market accounted to US$ 8,181.9 Mn in 2017 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2025, to account to US$ 11,564.6 Mn by 2025.

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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 October 2017, Integra LifeSciences Launches Revize/ Revize-X Collagen Matrix for plastic and reconstructive surgery. The developments performed by the companies are helping the market to grow in the coming years.

Increasing prevalence of diabetes & related chronic wounds is driving the market for advance wound care over the forecast period.

Global advanced wound care market, based on the product was segmented into dressings, advanced wound devices, and advanced wound bioactives. In 2017, the dressings segment held the largest share of the market, by product. The dressings led the market in 2017, contributing for the largest market share and is expected to retain its dominance during the forecast period from 2018 to 2025. This segment is also expected to dominate due to the increased demand for dressings and it is also expected to grow at the fastest rate during the coming years since the dressings provide better healing properties. Advanced wound care treatments revolve around the principle of moisture therapy, which provides moisture to the wound site to encourage natural cell repair while giving the wound room to breathe.

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Strategic Insights

Approvals and agreements were observed as the most adopted strategy in global advanced wound care industry. Few of the recent product launch and collaboration and others are listed below:

2018: In April, 2018, Kerecis proposed the study results in Symposium on Advanced Wound Care (SAWC) Spring meeting to be held April 25 to 28. Kerecis is exhibiting at booth 230 at the Charlotte Convention Center.

2017: In October, 2017, Integra LifeSciences Launches Integra SurgiMend PRS Meshed Collagen Matrix For Breast Reconstruction In Europe.

2016: In April 2016, Integra LifeSciences Announces Agreement With Vomaris Wound Care, Inc. To Commercialize VolTAC Antimicrobial Wound Dressing.

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