Advanced Wound Care Market Size, Trends, Growth, Leaders, Segment Analysis and Future Scope

In 2015, the global advanced wound care market generated a revenue of $10,659.6 million and is expected to advance at a 7.0% CAGR during the forecast period (2016-2022). The market is growing due to the rising geriatric population, burn cases across the world, incidence of chronic wounds, cases of diabetes, awareness leading to the adoption of advanced wound care products, volume of surgeries, cases of road accidents, and prevalence of obesity and technological advancements. Advanced wound care refers to different products which are used for treating chronic wounds.

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When type is considered, the advanced wound care market is categorized into wound therapy device, active wound care product, and advanced wound dressing. The advanced wound dressing category dominated the market during the historical period (2012-2015), holding a share of 53.3% in 2015. The category is further divided into hydrocolloid dressings, alginate dressings, collagen dressings, foam dressings, film dressings, hydrogel dressings, and others. The foam dressing division accounted for the major share of the market during the historical period and is projected to retain its position during the forecast period.

The surging volume of surgeries is a major driving factor of the advanced wound care market. As per the Centers for Disease Control and Prevention, about 51.4 million surgeries were performed in the U.S. in 2010. In addition, approximately 14.6 million cosmetic plastic surgeries were performed in the U.S. in 2012, as per the American Society of Plastic Surgeons. Incisions are made on the body when surgery is performed, which leads to the formation of scar. Hence, different advanced wound care products are utilized for preventing infection and reducing recovery time after surgery.

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The rising demand for combination dressing is a key trend being observed in the advanced wound care market. Combination dressing is made by combining the properties of different types of wound dressing and performs better than individual product. Various types of combination dressing, such as silver collagen, collagen hydrochloride, and silver alginate, are commonly used for diabetic foot ulcers, infected wounds, and pressure ulcers. These dressings assist in wound healing and preventing microbes from infecting the wounded area. As combination dressing has greater therapeutic effectiveness, their demand is increasing.

Hence, the market is growing due to the surging prevalence of obesity and increasing volume of surgeries.

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