Press release
Advanced Wound Care Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players
Advanced Wound Care Market
The advanced wound care market size is expected to see strong growth in the next few years. It will grow to $14.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to focus on personalized medicine, cost-efficient solutions, consumer demand for non-invasive solutions, healthcare access and infrastructure, prevalence of chronic diseases.. Major trends in the forecast period include patient-centric care approaches, collaborative partnerships in research, shift towards value-based healthcare, increased focus on regenerative medicine, consumer preference for minimally invasive solutions..
Market Overview -
Advanced wound care refers to the practice of treating chronic or complicated wounds with products that are not readily available over the counter. Additionally, it provides advantages including regulating body temperature, guarding against infections, eliminating dead tissue, avoiding the creation of scars, and easing discomfort during dressing changes. Complex or difficult-to-heal wounds can be healed using it.
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Surge In Surgical Procedures Driving Growth Of Advanced Wound Care Market
The increase in the number of surgeries is expected to propel the growth of the advanced wound care market going forward. A surgical procedure refers to a medical intervention that involves the cutting or penetration of the body's tissues to treat diseases, conditions, or injuries, or to alter bodily functions or improve appearance. Advanced wound care products can help in surgeries by promoting faster healing and reducing the risk of complications such as infections. For instance, according to the Aesthetic Society, in 2021, surgical procedures experienced a significant increase of 54% compared to 2020, while non-surgical procedures saw a rise of 44%. Therefore, an increasing rate of surgeries is The increase in the number of surgeries is driving the advanced wound care market.
Competitive Landscape -
Major companies operating in the advanced wound care market report are Integra Lifesciences Corp., Molnlycke Health Care, Johnson And Johnson Services Inc., Medline Industries Inc., Medtronic plc, Organogenesis Holdings Inc., Smith & Nephew plc, B. Braun Melsungen AG, Coloplast A/S, ConvaTec Group plc, Hollister Incorporated, URGO Medical Ltd., Lohmann And Rauscher GmbH & Co. KG, MiMedx Group Inc., Zimmer Biomet Holdings Inc., Misonix Inc., Cardinal Health Inc., BSN medical GmbH, Paul Hartmann AG, Nestlé Health Science SA, AstraZeneca plc, Johnson & Johnson Medical Devices group, Becton, Dickinson and Company, Lohmann & Rauscher International, Stryker corporation, Dabur Ltd., Beiersdorf AG, Hologic Inc., Pfizer Inc., Sanofi SA.
Innovative Solutions Redefine Advanced Wound Care
Product innovation is a key trend gaining popularity in the advanced wound care market. Major companies in the advanced wound care sector are focused on developing innovative products to meet patient needs and identify and solve unmet clinical requirements in surgical, chronic wounds, and burns. Such innovations enable key players to gain a competitive advantage in the market. For instance, in October 2023, DuPont de Nemours, Inc., a US-based chemical company launched Liveo MG 7-9960 Soft Skin Adhesive, a soft elastomeric silicone adhesive designed for adhering medical devices to the skin with high adhesion force, long wear time, and gentle removal. The product has been developed with low content cyclosiloxanes and is suitable for advanced wound care and wearable device OEMs to extend dressing and patch offerings with improved wear performance and design flexibility.
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Key Segments -
The advanced wound care market covered in this report is segmented -
1) By Product Type: Antimicrobial Gels, Antimicrobial Powder, Concentrated Surfactant, Hydrogels Dressings, Skin Protectants, Wound Cleansers, Semi-Permeable Films Dressings, Semi-Permeable Antimicrobial Films Dressings, Semi-Permeable Non Antimicrobial Films Dressings, Other Products
2) By Wound Type: Surgical And Traumatic Wounds, Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Burns, Other Wounds
3) By Application: Chronic Wounds, Acute Wounds
4) By End User: Hospitals, Clinics, Homecare Settings, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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