Advanced Wound Care Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2022

2019 Research Report on Global Advanced Wound Care Market is a professional and comprehensive report on the Advanced Wound Care industry.

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Key Players: Smith & Nephew (UK), Mölnlycke Health Care (Sweden), B. Braun (Germany), ConvaTec Group (US), Coloplast (Denmark), Integra LifeSciences(US), 3M Company(US), Cardinal Health(US), Acelity L.P.(US), Medtronic (US), MPM Medical(US), PAUL HARTMANN (Germany), Medline Industries(US), Lohmann & Rauscher(Germany), Advanced Medical Solutions Group(UK), BSN medical GmbH (Germany), Wound Care Technologies(US), Vivostat A/S(Denmark), Organogenesis (US), Hematris Wound Care (Germany), Alliqua BioMedical(UK), MiMedX Group(US), Triage Meditech(India), DeRoyal Industries(US), and Laboratoires URGO(UK).

"The global advanced wound care market projected to grow at a CAGR of 4.6% during the forecast period."

The global advanced wound care market is expected to reach USD 13.07 billion by 2022 from USD 10.43 billion in 2017. Factors driving the growth of this market include the increasing prevalence of diabetic foot, pressure ulcers, venous leg ulcers, and other chronic wounds; increasing geriatric population; surging R&D activities in the field of wound care research; development of advanced wound care products; and increasing awareness programs for wound care treatment and management. On the other hand, the growth of this market is hindered to some extent due to the high cost of chronic wound treatment.

"The active wound care segment expected to grow at the fastest rate during the forecast period."

The active wound care segment is anticipated to grow at the highest CAGR during the forecast period. The active wound care market is expected to witness growth during the forecast period owing to the rising geriatric population, increasing prevalence of diabetes and obesity, growing awareness of active wound products, and the increasing number of seniors living in long-term care facilities.

"The ulcers segment is anticipated to grow at the fastest growth rate during the forecast period."

By wound type, the market is categorized into surgical wounds, ulcers, traumatic wounds, burns, and other wounds. The ulcers segment is estimated to grow at the fastest rate during the forecast period. Factors such as the rising incidence of pressure ulcers, diabetic foot ulcers, and venous ulcers and increasing geriatric populationare the key factors driving the growth of this segment.

"The home healthcare segment is estimated to grow at a rapid rate during the forecast period."

By end user, the advanced wound care market is segmented into hospitals and clinics, home care settings, and other end users. The home healthcare segment is expected to grow the fastest rate during the forecast period. The rapid growth in the aging population and rising incidence of chronic diseases are driving the demand for wound care products in this end-user segment. The need for advanced wound care products is especially high where surgical interventions, especially for orthopedics, vascular diseases, endoscopic surgeries, dermatological ulcers, bedsores, and burns, are involved. The increasing volume of surgical procedures and the need to control soaring healthcare costs are expected to increase the use of single-use disposable and portable systems such as negative pressure wound therapy (NPWT) that are used in home care settings.

"Asia Pacific is estimated to grow at the highest CAGR during the study period."

Geographically, the advanced wound care market is dominated by North America, followed by Europe in 2017. The Asia Pacific region is estimated to grow at the fastest rate which can be attributed to the large population in China and India, increasing research in wound care, and increasing penetration of key players in the emerging markets of Asia Pacific.

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In the end, the Global Advanced Wound Care Market report's conclusion part notes the estimation of the industry veterans.

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