Advanced Wound Care Market size value USD 13.54 billion by 2027

Precision Business Insights published a research report on “Advanced Wound Care Market by Product Type (Advanced Wound Dressing (Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressing, Hydrogel Dressing, Collagen Dressing, Others), Wound Therapy Device (Negative Pressure Wound Therapy (NPWT) Device, Oxygen & Hyperbaric Oxygen Equipment, Electrical Stimulation Device, Others), Active Wound Care Product (Artificial Skin and Skin Substitutes, Topical Agents), by Application (Surgical and Chronic Wounds, Ulcers, Burns, Others), by End-user (Hospitals, Clinics, Home health care, Community Medical Centers), and Geography - Global/Region/Country Forecast to 2027”.

AWC (advanced wound care) products are intended for the treatment of both acute and chronic wounds. Chronic wounds take longer to heal and cost more money to treat. Advanced wound care is becoming more common as a treatment option for chronic wounds. Due to their efficiency and effectiveness in managing wounds by encouraging faster healing, traditional wound care treatments are regularly being replaced with advanced wound care solutions. Furthermore, they aid in maintaining a hydrated environment, maintaining a stable temperature, allowing oxygen to flow, protecting the damaged region from external infection, and reducing pain associated with dressing changes. Hydrocolloids, hydrogels, film and foam dressings, alginates, and other advanced wound care solutions are available. Furthermore, the worldwide Advanced Wound Care Market has been significantly impacted by the COVID-19 epidemic. Due to the spread of the virus, many companies in the Advanced Wound Care Market have had to suspend their manufacturing and production operations.

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As the number of cases of age-related wound injuries rises, the market will expand even faster during the projection period. Since a large number of countries implemented lockdown to prevent community transmission of the COVID-19 virus, the impact of COVID-19 on the industry has been observed to be unfavorable. Due to supply chain interruptions and a drop in non-urgent in-person clinic visits, the market experienced a short-term disruption during the early days of the COVID-19 pandemic, which had a negative impact. Several manufacturers have been compelled to cease their production and manufacturing operations due to the rapid spread of the coronavirus. In hospitals and other healthcare settings, the possibility of patients developing COVID-19 infection slowed market expansion. To battle the COVID-19 pandemic, special care and steps are being taken for needy patients in a controlled atmosphere, which will help the sector flourish to some level.

The Advanced Wound Care Market on the basis of Product is segregated into (Moist, Antimicrobial, and Active), Application, on the basis of End-use, the market is categorized into Hospitals, Home Healthcare, and Specialty Clinics.
North America dominated the advanced wound care market in 2020, accounting for 45.5 percent of total revenue. Factors such as rising road accidents, sports injuries, and the presence of multiple prominent players in the region can all be blamed for the region's supremacy. Furthermore, the market for advanced wound care is likely to be driven by the availability of sufficient experienced personnel and a well-developed healthcare infrastructure over the forecast period.

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Some of the major key players in the advanced wound care market are Coloplast Corporation, Medtronic, Integra Life Sciences Corporation, Smith and Nephew plc, Mo-Sci Corporation, Organogenesis Inc, Acelity L.P. Inc.

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