Advanced Wound Care Management Market Latest Development Report 2021-2028 | Baxter International, Coloplast, Integra Life Sciences, Kinetic Concepts

The global advanced wound care management market is expected to grow due to rising prevalence of burns and traumatic wounds during the forecast period. According to World Health Organization (WHO) estimates from 2019, around 1 million individuals in India suffer from moderate or severe burns each year.

Growing research and development activities, as well as growing innovations in advanced wound care products by major market players, are propelling the global advanced wound care management market forward over the forecast period. For instance, Arora Biosurgery obtained 510(k) clearance from the U.S. Food and Drug Administration (FDA) in November 2017 for their Endoform Silver Dermal Template product. Endoform Silver Dermal Template is an improved version of the antimicrobial of the company's EDT wound care product which can be used to speed up the healing of chronic wounds.

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Furthermore, ConvaTec Group Plc. launched Foam Lite ConvaTec dressing in the U.S. in April 2017 for the treatment of low to non-exuding acute and chronic wounds. A breathable layer and a perforated silicone adhesive make up the Foam Lite ConvaTec dressing. The dressing is flexible and adapts to a variety of shapes and areas such as knees, wrists, ankles, and elbows. The silicone adhesive is easy to use, and readjust, and it does not stick to the gloves or cause wound injury when removed. This product is offered in Australia, Spain, France, Germany, Switzerland, Canada, the U.K, Croatia, the Netherlands, and Austria.

North America is expected to account for the largest share in the global advanced wound care management market during the forecast period, due to advanced products releases by the major market player in the region. For instance, Smith & Nephew and MolecuLight Inc., located in Canada, in December 2017 collaborated to launch MolecuLight, a portable digital scanning device that detects the presence of bacteria and infection in wounds instantaneously. This point-of-care (POC) device is estimated to reduce diagnosis and wound healing time by nine hours while also improving accuracy by 54 %.

Due to an increase in wound injuries and falls, as well as product releases by market players, the global advanced wound care management market is expected to grow at a CAGR of 6.8% during the forecast period. According to the World Health Organization (WHO) factsheet from 2018, there are around 37.3 million falls that require medical treatment each year, with around 646,000 people dying from falls each year.

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Among product types, the wound therapy devices segment is expected to rise during the forecast period since wound therapy devices are the most advanced technique for wound care management
Some of the key players contributing to the global advanced wound care management market are Leap Therapeutics, 3M Company, Integra Life Sciences, Johnson and Johnson, Hematris Wound Care GmbH., Baxter International, Medtronic, Coloplast, and Kinetic Concepts.

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