Press release
Advanced Wound Care Market 2023: Predicted to Grow at CAGR of 4.6% by 2030 | B Braun Melsungen AG, Adynxx, Inc., ConvaTec Group plc, Coloplast A/S, Integra Lifesciences
The global advanced wound care market in terms of revenue was estimated to be worth $8.97 billion in 2020 and is expected to reach $14.19 billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030.
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Key Takeaways:
Growing Prevalence of Chronic Wounds: The advanced wound care market is driven by the increasing prevalence of chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers. These wounds often require specialized treatment due to their complexity and slow healing nature.
Technological Advancements: Technological innovations have led to the development of advanced wound care products that promote faster and more effective wound healing. These include products like hydrogels, foams, films, alginates, and wound dressings with antimicrobial properties.
Rise in Aging Population: The aging population is prone to chronic conditions and slower wound healing due to reduced skin elasticity and diminished immune responses. As the global population continues to age, the demand for advanced wound care products is expected to increase.
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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Product Type:
Dressings: These include foam dressings, hydrocolloid dressings, hydrogel dressings, alginate dressings, and collagen dressings. They provide a barrier to protect the wound and promote healing.
Therapy Devices: Negative pressure wound therapy (NPWT) devices, electrical stimulation devices, and ultrasonic wound therapy devices are examples of advanced wound care therapy devices.
Active Wound Care: This includes products with antimicrobial properties, growth factors, and biological dressings that actively promote wound healing.
End User:
Hospitals and Clinics: Major consumers of advanced wound care products due to the prevalence of surgical wounds and chronic ulcers.
Home Healthcare Settings: Increasing trend of managing wounds at home with the help of caregivers or trained professionals.
Long-term Care Facilities: Care centers for patients requiring extended wound care.
Others: Ambulatory surgical centers, wound care centers, and specialized wound clinics.
Geography:
North America: A mature market with high adoption of advanced wound care products.
Europe: Similar to North America, with a strong emphasis on wound care research and development.
Asia-Pacific: Rapidly growing market due to increasing healthcare awareness and improving healthcare infrastructure.
Latin America: Emerging market with growing demand for advanced wound care products.
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Competitive Landscape:
The global advanced wound care market report includes an in-depth analysis of the prime market players such as 3M (Acelity Inc.), B Braun Melsungen AG, Adynxx, Inc., ConvaTec Group plc, Coloplast A/S, Integra Lifesciences (Derma sciences), Essity AB (BSN Medical GmbH), Johnson & Johnson, Investor AB (Mölnlycke Health Care AB), Medtronic plc., Medline Industries, Inc., Smith & Nephew Plc., and Organogenesis Holdings Inc.
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Penicillin Drug Market https://www.alliedmarketresearch.com/penicillin-drug-market-A110795
Metastatic Cancer Drugs Market https://www.alliedmarketresearch.com/metastatic-cancer-drugs-market-A109351
Diabetic Foot Ulcer Treatment Market https://www.alliedmarketresearch.com/diabetic-foot-ulcer-treatment-market-A110954
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