The global wound healing devices market was valued at USD 19,724.65 million in 2021, Analyzes DelveInsight

The global wound healing devices market was valued at USD 19,724.65 million in 2021, growing at a CAGR of 5.32% during the forecast period from 2022 to 2027, to reach USD 26,761.38 million by 2027. The increase in demand for Wound Healing Devices is primarily attributed to the shifting focus among the population on lowering the healthcare cost, and the rising shift from the traditional techniques of wound care management towards sophisticated wound care techniques and products across the globe. Moreover, an upsurge in various chronic and acute wounds across the globe, and a rise in the usage of Wound Healing Devices such as dressing products, and wound healing devices among the patient population, among others are also expected to bolster the demand for these services during the forecast period (2022-2027).

Wound Healing Devices Overview
Wound healing is considered as a dynamic and complicated process wherein the devitalized, cellular structures and missing tissue layers are replaced in the human body. A wound healing device comprise of a wound dressing, cotton wool, gauze dressing, bandage, sutures for dermal wound closures (of less than 30 days). The device might also incorporate an antimicrobial agent or an animal tissue.

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Regions covered in the report
• Global

Recent Developmental Activities in the Wound Healing Devices Market:
• On February 05, 2021, Axio Biosolutions had received the CE Mark approval for MaxioCel Advanced Woundcare Dressings.
• On September 29, 2020, Surgical Innovation Associates, an early growth-stage medical technology company had announced that they had secured the CE Mark approval for their flagship absorbable mesh, Durasorb.
• On May 26, 2020, the product NPseal by Guard Medical Inc. had received Food and Drug Administration approval in the United States. It is a non-powered suction apparatus that is intended for Negative Pressure Wound Therapy.
• On May 15, 2020, Piomic Medical had received the CE Mark for its COMS® One Therapy System. The COMS One Therapy System is intended to promote wound healing in both chronic leg and foot ulcers.

Key Takeaways from the Wound Healing Devices Market Report Study
• Market size analysis for current Wound Healing Devices market size (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Wound healing devices market.
• Top key product/services/technology developments, mergers, acquisitions, partnerships, joint ventures happened over the last 3 years
• Key companies dominating the Global Wound healing devices Market.
• Various opportunities available for the other competitor in the Wound healing devices Market space.
• What are the top-performing segments in 2021? How these segments will perform in 2027.
• Which are the top-performing regions and countries in the current market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Wound healing devices market growth in the coming future?

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COVID19 Impact on the Wound Healing Devices Market
The Wound Healing Devices market witnessed a dip in the generated revenue due to the outbreak of COVID-19. The global spread of the COVID-19 had led to undisrupted restrictions and disruptions caused in the business and personal activities. For instance, many governments had issued lockdown order for both personal and local business activities. The direct impact of the COVID-19 and the preventive and precautionary measures had implemented as a result of lockdown and are expected to continue to affect certain industry elements, including operations, commercial organizations, supply chains and distribution systems. Furthermore, COVID-19 had negatively impacted the value chain stages, primarily owing to strict lockdown guidelines imposed by the government in several countries. Several manufacturing facilities were shut down temporarily for some time. Also, the supply chains and distribution networks were also interrupted owing to restrictions in traveling due to lockdown and decline caused in the sales activity.

Wound Healing Devices Market Segment Analysis
• Wound Healing Devices Market Segmentation By Product Type: Dressings (Foam Dressings, Hydrocolloid Dressings, Hydrogel Dressings, Alginate Dressings, Collagen Dressings), Bandages (Elastic Bandages, Compression Bandages, Adhesive Bandages, Liquid Bandages), Topical Agents (Hemostatic Agents, Antimicrobials, Wound Cleansers), Wound Closure Agents (Sutures - Absorbable And Non-Absorbable, Adhesives And Sealants, Staplers - Manual And Powered, Strips - Sterile And Non-Sterile), Gauzes & Sponges (Sterile And Non-Sterile), Tapes (Cloth Tape, Paper Tape, Silicon Tape), Therapy Device (Negative Pressure Wound Therapy Devices, Oxygen Therapy Device)
• Wound Healing Devices Market Segmentation By Wound Type: Acute Wound (Surgical, Traumatic Wounds, Burns), Chronic Wounds (Infectious Wounds And Others Ischemic Wounds), Ulcers (Pressure Ulcers, Diabetic Foot Ulcers, Arterial & Venous Ulcer)
• Wound Healing Devices Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World

Wound Healing Device Market Insight
Among all the regions, North America is expected to occupy a largest share in the Global Wound Healing Device market in the year 2021 and continue to do the same during the forecast period from 2022 to 2027. This domination is due to the rise in rising in the number of patients suffering from acute and chronic wounds, technological advancements in the field of advanced wound care, and the rising investments by government and private manufacturers are also likely to increase the regional Wound Healing Device market. According to the Centres for Disease Control and Prevention (CDC) 2021, in 2020, diabetes was considered to be one of the leading causes of non-traumatic lower extremity amputations in the United States, with approximately 5% of the diabetics developing foot ulcers.

Wound Healing Device Market Companies
Some of the leading Wound Healing Device Market players operating in the Wound Healing Device market include Smith & Nephew plc, BSN medical (Svenska Cellulosa Aktiebolaget SCA), Cardinal Health, Organogenesis Inc., Coloplast Group, Integra LifeSciences Corporation, Acelity L.P., Inc., B. Braun Melsungen AG, Hollister Incorporated, Mölnlycke Health Care AB, 3M Healthcare, Medline Industries, Inc., ConvaTec Inc., Ethicon, Inc. (Johnson & Johnson), Hill-Rom Holdings, Inc., Accel-Heal, and several others.

Wound Healing Device Market Dynamics
The increase in demand for Wound Healing Device is primarily attributed to the shifting focus among the population on lowering the healthcare cost, and the rising shift from the traditional techniques of wound care management towards sophisticated wound care techniques and products across the globe. Moreover, an upsurge in various chronic and acute wounds across the globe, and a rise in the usage of Wound Healing Device such as dressing products, and Wound Healing Device among the patient population, among others are also expected to bolster the demand for Wound Healing Device Market. The Wound Healing Device market is witnessing a growth in product demand owing to several other reasons as well including a rising number of cases of surgical and traumatic wounds and the launch and approval of wound healing products, advantages offered by the foam dressings will lead to an increase in the demand of the Wound Healing Device, leading to an increase in the Wound Healing Device market growth.

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Table of Content
1. Wound healing devices Market Report Introduction
2. Wound healing devices Market Executive summary
3. Regulatory Analysis
4. Wound healing devices Market Key factors analysis
5. Wound healing devices Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Wound healing devices Market
7. Wound healing devices Market layout
8. Wound healing devices Company and Product Profiles
9. KOL Views
10. Project Approach
11. About DelveInsight
12. Disclaimer & Contact Us

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