Wound Dressing Market In Korea 2019 Major Suppliers Coloplast, Convatec GroupPlc, Molnlycke Health Care AB, Mundi Pharma, Smith & Nephew PLC, Juthis, Ildong Pharmaceutical, Daewoong Pharmaceutical, KCI and 3M

In 2018, wound dressing purchase from medical institutions is estimated to have reached approximately US$*** million, which is the sum of reimbursement products, US$*** million and non-reimbursement products US$*** million. The Wound Dressing market size grew ***% over three years from about US$*** million in 2016. In addition, the there is an increase of ***% YoY in 2017, purchase price of In addition, the company increased ***% YoY and total purchase price of US$*** million. Therefore, reimbursement expansion of national health insurance has contributed the rapid growth of this market.

In 2018, among National Health Insurance wound dressing claim amount of US$*** million from medical institutions, it is segmented as following: foam dressing US$*** million (***%), NPWT US$*** million (***%), hydrocolloid US$*** million (***%), film US$*** million (***%), synthetic gauze US$*** million, alginate/hydrofiber US$*** million.

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There are total *** of advanced wound dressing distributors who are manufacturers and/or importers who have listed approximately *** types of products (based on the product code listed on the ``Therapeutic products Reimbursement / Non-Reimbursement List and Maximum Cap Price Table''. Among these, the top *** companies market share is approximately ***% of the total market and about *** companies supplied rest of ***%. Based on the upper limit of health insurance treatment products of wound dressing market purchase price and market share of top *** companies(non-reimbursement products are based on medical institution purchase price), it is composed of following: Molnycke US$*** million, Smith&Nephew US$*** million, Mundi Pharma US$*** million, US$*** million Juthis, and US$*** million Ildong.
In 2018, total cost of wound dressing by medical department are composed of following: US$*** million of surgery (***%), US$*** million of internal medicine (***%), US$*** million of orthopedics (***%) followed by US$*** million of plastic surgery (***%)

In 2018, total cost of wound dressing by end users are composed of following: US$*** of tertiary hospital, and it has the largest segment of ***% among wound dressing Claim Amount , followed by US$*** million of general hospital (***%) and US$*** million of hospital (***%).

For the next five years, with at least ***% annual growth rate, the medical institution purchase price of wound dressing market in Korea is expected to grow US$ *** million by 2023. The sustained growth of the wound dressings market is due to all the major factors that have a significant impact on the demand for wound care. Rapid aging, a steady increase in the number of surgeries, an increase in the wound care demand, an increase in the diabetic population, an increase in pressure sores, burns, and cosmetic surgery will drive the continuous growth of this market in the future.

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Health insurance in Korea is both play a role as an opportunity and a threat in the wound dressing market in Korea. In the last two decades, health insurance has played a leading role in growing the wound dressing market by continuously increasing the reimbursement coverage. In the future, health insurance will be the biggest variable for the growth of wound dressings. There still is a need for products implemented with new technology that provide convenience and clinical benefit to users and patients. The employer and the patient are willing to pay extra if the product is valuable, even if it is not necessarily covered by the insurance. However, the wound dressing classification system of health insurance currently makes it very difficult for new technology products to be listed in new categories and approved for new prices. For these products, demonstrating cost-effectiveness or quality of life based on clinical evidence will be the biggest barrier to new products.

Table of Contents
Chapter 1. Introduction
1.1 Purpose
1.2 Utilization of Benefits
1.3 Scope
1.4 Market Segmentation
1.5 Research Methods
1.5.1 Secondary Research
1.5.2 Primary Research
1.6 Analysis and Estimation Methods
1.6.1 Market Size Price Standard by Data Source
1.6.2 Exchange Rate

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Chapter 2. Executive Summary

Chapter 3. Market Overview
3.1 Total Market
3.1.1 5-YearForecast
3.2 Market Size by Distribution Channels
3.3 Use Volume of Wound Dressing by Medical Institutions
3.3.1 Wound Care Product Market, By Product Category
3.3.2 Market Size by Distributors
3.3.3 Wound Care Product Market, By Medical Department
3.3.4 Wound Care Product Market, By End User Type

Chapter 4. Major Suppliers Status
4.1 Coloplast
4.2 Convatec GroupPlc
4.3 Molnlycke Health Care AB
4.4 Mundi Pharma
4.5 Smith & Nephew PLC
4.6 Juthis
4.7 Ildong Pharmaceutical
4.8 Daewoong Pharmaceutical
4.9 KCI
4.10 3M

Chapter 5. Market Dynamics
5.1 Country Health care Key Indicators
5.1.1 Historical Overview and Prospect of Market Development
5.1.2 Historical Overview of Payment Environment
5.1.3 Number of Medical Institutions in Korea
5.1.4 Reimbursement and Non-Reimbursement Classifications of Wound Dressings
5.2 Recent trends in key indicators of Market Size
5.2.1 Aging Population
5.2.2 Number of Surgical Procedures
5.2.3 Number of Wound Dressing Treatments
5.2.3.1 Simple Treatment
5.2.3.2 Inflammatory Treatment
5.2.3.3 Burn Treatment
5.2.3.4 Dermatological treatment
5.2.3.5 Biological Treatment
5.2.3.6 Post-operative Treatments
5.2.4 Diabetic Foot Ulcer
5.2.5 Pressure Ulcer
5.2.6 Burns
5.2.7 Aesthetic Plastic Surgery
5.3 Market Drivers
5.3.1 Main Indicator
5.3.2 Supply
5.4 Opportunity
5.4.1 Increasing Demand due to Aging Population
5.4.2 Coverage Expansion of National Health Insurance Policy
5.4.3 Wound Dressing with Innovative Features
5.4.4 Clinical Study on New Wound Treatment Technology
5.5 Threat
5.5.1 Revaluation of Reimbursement Prices
5.5.2 Classification System of Health Insurance Policy
5.5.3 Pricing Methods for Health Insurance Policy Restraining New Tech Products
5.6 Unmet Needs
5.6.1 Novel Technology Function Wound Dressing

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