The Global wound healing devices market was valued at USD 19,724.65 million in 2021

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).

Key takeaways from 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.

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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.

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
Among all the regions, North America is expected to occupy a major share in the global Wound Healing Devices market in the year 2021 and continue to do the same during the forecast period from 2022 to 2027. This domination can be primarily attributed to the rising prevalence of chronic conditions that ultimately result in chronic wounds, rising traumatic wounds due to falls and accidents, increase in expenditure on surgical and chronic wounds, and technological advancements into product portfolio, among others. For instance, in the US approximately 34.2 million people were suffering from diabetes. Uncontrollable diabetes often leads to the development of ulcers known as diabetic wounds. Thus, the high burden of diabetic people in the region is susceptible to developing foot ulcers thereby increasing the demand for wound closure devices ultimately driving the overall wound healing devices market.

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Wound Healing Devices Market Insights
The wound healing devices market is witnessing a growth in product demand owing to various reasons, one of the major factors influencing the growth of the wound healing devices market is the rising prevalence of chronic, acute wounds and ulcers among others, worldwide. According to the National Institute of Health 2021, chronic wounds impact the quality of life of nearly 2.5% of the entire population in the United States and the management of wounds has a significant economic impact on health care.

Wound Healing Devices Market Report Scope
• Coverage- Global
• Study Period- 2019-2027
• Wound healing devices Market By Product [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 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 by Geography (North America, Europe, Asia-Pacific, and Rest of the World)
• Wound healing devices Companies- 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.
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View

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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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