Press release
Wound Care Market Booming Industry Size and Revenue | Future vision Footbridge 2027 in Healthcare Sector
As per the reports by MRFR, the wound care market is likely to record a healthy growth rate over the review timeframe. The market was valued at USD 15,456.2 Mn in 2016 and is expected to acquire a market size of USD 29,900 Mn by the end of 2027.
The growth in demand for wound care products is mainly due to the growing incidences of acute and chronic disorders across the globe. The growth of the wound care market is being driven by the rising incidences of accidents such as trauma, burn, road accident events.
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Competitive Analysis
The global market for wound care is flooded with a wide number of players spread worldwide. The players in the market are adopting several new strategies such as mergers, acquisitions, product developments, to grow their business. The list of leading players in the global wound care market includes Haromed BVBA (Belgium), Welcare Industries Spa. (Italy), Advancis Medical LLC (UK), DermaRite Industries (US), Misonix (US), B. Braun Melsungen AG (Germany), Talley Group (England), Lohmann & Rauscher International GmbH & Co. (Germany), Kerecis (Iceland), DeRoyal Industries (US), PAUL HARTMANN AG (Germany), Medtronic Plc (Ireland), ConvaTec Group Plc (UK), 3M Company (US), Mölnlycke Health Care AB (Sweden), Wuhan VSD Medical Science & Technology (China), MilLaboratories Pvt. Ltd. (India), Medline Industries (US), Zimmer Biomet Holdings (US), Cardinal Health Inc. (US), Pensar Medical (US), Medela AG (Switzerland), ACell (US), Organogenesis Holdings (US), MiMedx Group (US), Ethicon Inc. (US), Coloplast A/S (Denmark), Integra LifeSciences Holdings Corporation (US), Baxter International (US), Smith & Nephew Plc (UK), and many others.
Segment Analysis
The global wound care market is divided into several segments based on product, type, application, end-user, and region.
Based on product, the wound care market is split into active wound care products, traditional wound therapy devices, and advanced wound management products.
By type, the wound care market is divided into acute wounds and chronic wounds.
By application, the market is bifurcated into trauma wounds, burn, ulcers, and surgical wounds.
The wound care market is divided into trauma centers, home healthcare, clinics, and hospitals based on end users.
Regional Analysis
The global wound care market is studied across five major regions: North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa.
The North American regional market for wound care held the top position globally in 2020 and is likely to grow at a substantial pace over the review timeframe from 2021 to 2028. The regional market's growth is mainly being driven by the presence of several key companies, rising cases of road accidents, and sports injuries in the region. Additionally, the improvement in healthcare infrastructure and availability of skilled professionals are also likely to impact the regional market's growth positively.
The wound care market for the Asia-Pacific region is expected to record the highest growth rate over the forecasted era from 2021 to 2028. The rapidly growing medical tourism industry is driving the regional market's growth in emerging countries, such as Japan, China, and India. For example, according to the report on Export Health Services by the Directorate-General of Commercial Intelligence and Statistics of India, in 2015-2016, India had 58,300 medical tourists on medical visas.
Recent Developments
October 2021 A marketer and developer of novel self-assembling wound care and surgical devices, Arch Therapeutics, Inc., announced that the company would be presenting at the 2021 Symposium on Advanced Wound Care (SAWC) Fall. The program will be held at Caesars Palace, Las Vegas, Nevada, from October 29-31, 2021.
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October 2021-Bionix, an American medical device company is known for manufacturing radiation oncology devices, happily announces the launch of their single-use product, AlphaCleanse™, an Antimicrobial Wound Care System with NovaGran™ Hypochlorous Acid. The kit is developed to offer healthcare professionals the tools for the effective and efficient treatment of chronic wounds.
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