Advanced Wound Care Market to Sale Top US$ 14.19 Revenue by 2030 with CAGR of 4.6% | Adynxx, Inc., 3M (Acelity Inc.), Smith & Nephew Plc., Coloplast A/S, ConvaTec Group Plc.

As per research conducted by Allied Market Research, the global advanced wound care market size was valued at $8,978.0 million in 2020, and is projected to reach $14,190.5 million by 2030, registering a CAGR of 4.6% from 2021 to 2030. The report offers an extensive analysis of changing market trends, top segments, major investment pockets, regional scenarios, value chain, and competitive landscape.

Advanced Wound Care Market by Product (Infection Management, Exudate Management, Active Wound Care, and Therapy Devices), Application (Chronic Wounds and Acute Wounds), and End User (Hospitals and Community Health Service Centers): Global Opportunity Analysis and Industry Forecast, 2021-2030

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What is advanced wound care?
Advanced wound care (AWC) products are designed to treat acute & chronic wounds. Chronic wounds take more time to heal and are expensive to treat. Advanced wound care is developing as a standard solution for treating chronic wounds.

Impact of Covid-19 on Advanced Wound Care Market-

The Covid-19 pandemic negatively affected the market due to countrywide lockdown and canceled or postponed elective surgeries. Moreover, the prolonged lockdown disrupted the supply chain and increased the prices of medical equipment and raw materials.
However, the increase in skin injuries in medical care providers is expected to boost the demand for advanced wound care.
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Wound care has improved drastically with the advent of new technologies and cutting-edge products. Some technologies are so advanced and new that they sound like they are straight out of fiction movies or comic books. From 3D printing, human skin to using cobwebs for wound healing, the advanced wound care industry has offered new ways to deal with complex wounds.

3D printing of human skin:

A team of researchers has successfully demonstrated a prototype for a 3D bioprinter that can create human skin. The printer can create layers of epidermis and dermis including fibroblasts that produce collagen. The bioprinter uses injectors with biological components instead of ink and cartridges and every process is controlled by the computer.

The process involves using the patient's own cells to create autografts, which are essential for treating burn wounds. The 3D printing treatment is comparatively less expensive than manual production owing to the automation and standardization process. However, the treatment uses only human cells and animal cells are strictly avoided to generate human collagen.

Increase in prevalence of chronic wounds significantly over past few years, rise in global geriatric population, and surge in prevalence of diabetes and obesity which can complex the wound infections are the factors that promote the advanced wound care market growth significantly during forecast period.

Spray-on stem cells:

Researchers have developed a new method to spray on stem cells to treat burn wounds and other skin disorders. However, the method still needs FDA approval, but it opens new opportunities to treat burn wounds and minimize the pain of patients. In addition, in this treatment, scarring is minimal compared to conventional grafting techniques.

These new treatments and methods may seem too perfect to be true but they have offered exciting opportunities in treating complex wounds. Moreover, it offers new hope for patients and their families.

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Key market players-

Adynxx, Inc.
3M (Acelity Inc.)
Smith & Nephew Plc.
Coloplast A/S
ConvaTec Group Plc.
AB (Mölnlycke Health Care AB)
Essity AB (BSN Medical GmbH)
Medtronic Plc.
Integra Lifesciences (Derma sciences)
Investor Johnson & Johnson
Medline Industries, Inc.
B Braun Melsungen AG
Organogenesis Holdings Inc.
Based on product, the exudate management segment held the largest share in 2020, accounting for nearly one-third of the market. However, the active wound care segment is estimated to register the highest CAGR of 8.0% during the forecast period.

On the basis of application, the chronic wounds segment dominated the market in 2020, contributing to more than two-thirds of the market. Moreover, the segment is projected to manifest the highest CAGR of 4.7% during the forecast period. The report also analyzes the acute wounds segment.

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