Advanced Wound Care Market 2025 Predicted To Drive The Industry In The Forecast Period

The advanced wound care market size is expected to reach US$ 11,564.6 million in 2025 from US$ 8,181.9 million in 2017, growing at a CAGR of 4.5% from 2018 to 2025.

Global Advanced Wound Care Market: Key Insights - Future Trend

Chronic wound products constitute an essential requirement in the wound care industry. Over the years, researchers have been carrying out research activities resulting in product innovations.

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In 2017, the Department of Fiber Science and Technology launched the new bandage developed from sea life: crab shells. Believed to be the world's first, the bandage is made from chitosan, a mineral found in most crustacean shells. Though the university admits that crab shells have been used for other purposes, this is the first set of fibers strong enough to serve as a wound dressing. Moreover, researchers from Australia recently developed the latest vacuum plaster. The vacuums have been used in wound healing since last few years. The latest plaster, called Nanova, is small and lightweight and connects to a vacuum pump. The plaster works by creating negative pressure areas that remove dead tissue and other debris. The research activities and product innovations are expected to provide an impetus for the growth of the advanced wound care market during the forecast period.

Advanced Wound Care Market: Segmental Overview

Based on product, the advanced wound care market is segmented into dressings, device, and bioactives. The dressings segment held the largest share of the market in 2017 and is expected to register the highest CAGR during the forecast period. These dressings have many benefits as compared to the traditional methods such as gauze and tape. These comprise faster healing time, less issues regarding drainage, and in certain instances, less risk of accompanying infection. The wide range of products utilized in moist wound care fit better across different wound shapes and sizes and are more resistant to environmental inhibitors and foreign particles. The segment is expected to contribute significantly to increase the advanced wound care market size due to constant developments in the industry. For instance, OPSITE Film, developed by Smith & Nephew is a transparent, adhesive film, which is moisture vapor permeable, conformable, and extensible.

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Advanced Wound Care Market: Competitive Landscape and Key Developments
Companies operating in the advanced wound care market implement various organic developments that led to dynamic improvements in the market. Various organic growth strategies, such as product launch, product approval, and product development, enhance the market growth. Similarly, several companies are implementing numerous inorganic strategies, such as partnerships, collaborations, and mergers & acquisitions.

In June 2018, Acelity L.P. Inc. signed an agreement to acquire Crawford (UK). With the acquisition of Crawford, Acelity expanded its portfolio of advanced wound dressings (AWD), which provided strength to its position as the global leader in advanced wound healing.

In March 2017, Acelity launched V.A.C. VERAFLO CLEANSE CHOICE Dressing that offers clinicians a novel, adjunctive non-surgical option to help clean large complex wounds when complete surgical removal is not possible or appropriate.

In April 2017, Acelity added two more significant enhancements to the V.A.C. ULTA Therapy System. The V.A.C. ULTA Therapy System, Acelity's latest generation negative pressure wound therapy (NPWT) system, is now enhanced to improve clinicians' experiences by leveraging first-to-market connectivity technology. The V.A.C. ULTA 4 Therapy System simplifies functionality, reports summative therapy, and allows for on-screen selection of four different therapies.

In February 2017, 3M launched the latest 3M Cavilon Advanced Skin Protectant, a high endurance skin protectant developed to stop, reverse, and prevent the damaging effects of moderate to severe IAD. The new skin protectant provides clinicians with an easier, more effective way to manage patients with IAD to help improve their quality of life and overall patient experience.

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