Global Advanced Wound Care Market is set to witness a CAGR of ~4% by 2027 : Increased Life Expectancy of Patients is the Major Growth Factor

Advanced wound care offers specialized medical treatment for chronic or non-recovering wounds, which are defined as sores or wounds which have not recovered completely during the tenure of the traditional treatment. Globally, around 100M advanced wounds per year need advanced wound care to recover.

Move towards Advanced Wound Care Products From the Conventional Wound Care Products

Conventional wound care products are used often as a primary or as a secondary dressing to protect the wound from contamination. Conventional wound care products include gauze, lint, and cotton dressings.

Advanced wound care products and medical devices facilitate the oxygen flow to the wound while offering a moist environment to help prevent necrosis. Some of the best-advanced wound care products are hydrogels, films, foams, hydrocolloids, alginates, sponges, and fabrics. The major advantages of using advanced wound care products are fast healing time, optimized drainage and reduced risk of infection.

Technological Developments and Innovations in Chronic Wound Management

It is projected that there are approximately around 1.5 to 2 million people living with a chronic or complex wound, some of them even for a time period of more than six months. Advancments in negative pressure wound therapy (NPWT), surgical incision management, infection prevention, advanced wound care, near-infrared spectroscopy technology, and skin integrity are further poised to drive the growth of the advanced wound care market.

Innovations in Advanced Wound Care Therapies Drives the Growth of Advanced Wound Care Market

Non-recovering wounds need advanced medical treatments to enable wounds to progress through the latter stages of the recovering process. Advanced wound care therapies are used only after the standard wound care therapies have failed.

Some of the most commonly used therapies are as follows:
• Cellular and Tissue-Based Therapies
• Topical Oxygen Therapy
• Bioactive dressings
• Negative Pressure Wound Therapy
• Hyperbaric Oxygen Therapy

North America is Set to Hold a Larger Share in the Advanced Wound Care Market

From a geographical overview, North America is estimated to hold a larger market share in the global advanced wound care market. This can be mainly attributed to the growing cases of chronic diseases, technological innovations in wound care products, the rising cases of burn injuries and an rise in the number of diabetic patients in this region.

Competitive Landscape Analysis: Advanced Wound Care Market

Some of the well-established and emerging players operating in the global advanced wound care market are listed below:-
• 3M
• Smith & Nephew Plc.
• Convatec Group Plc
• Braun
• Medela
• Coloplast Corp.
• Organogenesis
• MiMedx

Aggressive Growth Strategies Adopted by the Market Players to Establish Their Strong Foothold in the Global Advanced Wound Care Market

All the key players operating in the global advanced wound care market are adopting both organic and inorganic growth strategies such as collaborations, acquisitions, innovations and new product launches to gain a larger market share.

The advanced wound care market is an emerging market and is poised to gain a consistent momentum in the upcoming years due to a focus on building therapy-based solutions for chronic and acute wounds, introduction of technological advanced products and organic and inorganic growth strategies adopted by the leading market players.

However, the high costs of treating chronic and active wounds and the non-availability of best practice guidelines for using remote advanced wound care poses a minor challenge for the growth of advanced wound care market.

Get More Detailed Insights on Advanced Wound Care Market Report @ https://meditechinsights.com/advanced-wound-care-market/

Ruta Halde
Associate, Medi-Tech Insights
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1050 Brussels, Belgium
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info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services

This release was published on openPR.