Advanced Wound Care Management Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
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The wound care market is segmented into traditional wound care and advanced wound care products. Health care professionals largely use traditional wound care products under dry environment to protect the wound from external factors. The main focus of these products is to treat the non-severe wounds from bleeding, inhibit infection, and dry the wound. Whereas, Advanced wound care products are used by clinicians to provide a therapeutic effect that supports wound healing. Advanced wound care is based on the theory of moist microenvironment that stimulates the natural healing process without blocking the wound and it includes film and foam dressings, hydrogels, alginates, and hydrocolloids. Besides maintaining a hydrated environment, which is more conducive for wound healing, advanced wound care products keep the temperature consistent, allow flow of oxygen, remove dead tissue, protect the site from exogenous infection, and ease the pain associated with dressing changes.
Alarming growth of diabetic population augments the advanced wound care management market growth
The major factors driving the advanced wound care management market includes the growing incidence of diabetes among the populace According to World Health Organization, in 2014, around 8.5% of the adult population aged 18 years and above had diabetes, while in 2015, 1.6 million deaths occurred due to diabetes. The other factors influencing the advanced wound care management segment growth include the growing geriatric population and rising incidences of chronic wounds. Advanced wound care is also used for different types of ulcers such as pressure ulcers, diabetic ulcers, and chronic ulcers. However, high costs associated with such treatments, one of the factors expected to deter the advanced wound care management market growth.
Negative pressure wound therapy is identified as the most promising technology for advanced wound care
The advanced wound care management market is segmented on the basis of product type, application, end-user, and geographical regions.
On the basis of product type, advanced wound care management market is categorized into moist wound dressings, active wound care and therapy devices. Moist wound dressings is further segmented into foam, films, hydrocolloids, collagen, and alginates. Therapy devices are further segmented into negative pressure wound therapy and pressure relief devices. Active wound care is segmented into skin substitutes and growth factors.
On the basis of application, advanced wound care management market is categorized into different segments such as skin ulcers, surgical wounds, burn wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers and arterial ulcers. Among all these surgical wounds and skin ulcers are leading the global market.
On the basis of end users, advanced wound care management market is categorized into hospitals, clinics, ambulatory surgical centers and others.
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Increasing prevalence of chronic wounds in U.S. to boost the advanced wound care market in North America
On the basis of regional segmentation, advanced wound care management market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America has more significance with all the latest technologies such as negative pressure wound therapy, which is more efficient for treating illnesses. North America is the leading market with the 45% market share, followed by Europe and Asia. Advanced wound care market is expanding steadily and has created ample opportunities for the launch of new products. In terms of imminent growth potential, the emerging economies of Asia Pacific are expected to boost the global advanced wound care management market due to growing population of chronic wound and diabetic patients in the region. The region is expected to witness the fastest growth for the advanced wound care management market in the near future.
Emerging players participating in merger and acquisition and strategic expansion of product portfolio
Key players in the global advanced wound care management market are Johnson & Johnson (J&J), Hill-Rom, KCI, 3M company, Baxter International, Acelity, Coloplast, Integra Lifesciences, Kinetic Concepts, Covidien, Smith & Nephew, Leap Therapeutics, Hematris wound care, Alliqua Bio Medical, Layer Bio, and Triage Meditech.
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