Press release
Advanced Wound Care Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Outlook, Competitive Landscape
Advanced Wound Care Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $14.06 billion In 2028 At A CAGR Of 6.7%.
The advanced wound care market size has grown strongly in recent years. It will grow from $10.14 billion in 2023 to $10.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to wound care innovation, aging population, medical advancements, rising chronic conditions, improved healthcare infrastructure..
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..
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Advanced Wound Care Market Major 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 Driver - 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.
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Prominent Trend - 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.
Advanced Wound Care Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the advanced wound care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the advanced wound care market report during the forecast period. The regions covered in the advanced wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Advanced Wound Care Market Report Structure
3. Advanced Wound Care Market Trends And Strategies
4. Advanced Wound Care Market - Macro Economic Scenario
5. Advanced Wound Care Market Size And Growth
…..
27. Advanced Wound Care Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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