Advanced Wound Care Management Market Size, Share, Growth Report 2030

Advanced Wound Care Management Market

Advanced Wound Care Management Market by Product Type (Advanced Wound Dressings, Active Wound Care, and Antimicrobial Dressing) Type of Wound (Chronic Wounds and Acute Wounds), By End Users (Hospitals, Home Healthcare, Others,): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Healthcare Report Format : PDF Pages: 123 Report Code: ZMR-1048 Published Date: Jul-2021 Status : Published

The global Advanced Wound Care Management market accounted for USD 11.6 Billion in 2020 and is expected to reach USD 19.0 Billion by 2028, growing at a CAGR of 6.3% from 2021 to 2028.

Advanced Wound Care Management Market

Market Overview     

The global Advanced Wound Care Management market accounted for USD 11.6 Billion in 2020 and is expected to reach USD 19.0 Billion by 2028, growing at a CAGR of 6.3% from 2021 to 2028.        

Advanced wound care management products are designed to treat acute & chronic wounds. Chronic wounds or diseases take more time to heal and are expensive to treat. Advanced wound care is developing as a standard solution for treating chronic wounds and acute wounds. Traditional products are being increasingly replaced with advanced wound care products, due to its efficiency & effectiveness in managing wounds by enabling faster healing. Furthermore, these products help to maintain a hydrated environment, keep temperature consistent, protect the injured site from exogenous infection, allow flow of oxygen, and ease pain associated with dressing changes. Advanced wound care products include hydrocolloids, hydrogels, film & foam dressings, alginates, and others.

The players across advanced wound care management market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development.

For instance, on August 17th  2018, Avista Healthcare Public Acquisition Corporation, a special purpose acquisition firm, and Organogenesis Incorporation, a regenerative medicine organization mainly working on producing & commercialization products across advanced wound care sector, declared that they have signed a merger pact. Reportedly, as per the terms & conditions stated in the agreement the latter will become a completely owned unit of AHPAC.

COVID-19 Impact Analysis:

The global Advanced Wound Care Management market has witnessed a slight decline in the growth for short term due to the lockdown endorsement placed by governments in order to contain COVID spreading.  The pandemic has impacted the market in the initial phase of the outbreak. Due to nationwide lockdowns across the globe, denied wound care services, cancelled or postponed elective surgeries, and increasing skin injuries in pandemic, the advanced wound care market is expected to register a certain decline during the forecast period. However, during the latter half of the forecast period, the demand for advanced wound care products is likely to rise rapidly.

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Growth Factors  

Rise in the number of surgeries and inflating occurrence of chronic disorders such as diabetes will boost the advanced wound care management market trends over the next few years. Apart from this, humungous requirement for treating chronic wounds to avoid severe complications such as amputation is likely to inspire the advanced wound care management products market demand in the years ahead.

Huge escalations in the costs of medical treatments and reluctance of doctors & patients for accepting new treatment procedures can pose a threat to advanced wound care management market surge. Nevertheless, the grant allotted by the government to healthcare sector for focusing on quick healing is projected to play a vital role in shaping the growth of the advanced wound care management market, thereby normalizing the impact of hindrances on the advanced wound care management market.

Report Scope:

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Products Segment Analysis Preview

Based on products, the market is segmented into Advanced Wound Dressings, Active Wound care, and Antimicrobial Dressings. Further, Advanced Wound Dressings is segmented into Foam dressings, Hydrocolloid dressings, Hydrofiber dressings, Film dressings, Alginate dressings, Hydrogel dressings, and Collagen dressings. The Active Wound Care is bifurcated into Artificial Skin and Skin Substitutes, Growth Factors. Advanced wound dressing segment held the major share in the market.

Type of wound Segment Analysis Preview  

Based on the type of wound, the market is segmented into chronic wounds, and acute wounds. The chronic wounds gain a major traction in the market owing to surge in prevalence of post-operative surgical wounds. 

End Users Segment Analysis Preview  

By End Users, the market is segmented into Hospitals, Home Healthcare, and Other. The Hospitals segment is likely to hold the major share in the market and is anticipated to remain dominant throughout the forecast period.  This is attributed to the rise in number of surgeries performed and higher number of patients prefer to visit hospitals for different cases such as surgical wounds, burns, and ulcers.

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Region Analysis Preview

Regionally, North America has been leading the worldwide advanced wound care management market and is anticipated to continue on the dominant position in the years to come, states the market study. Escalating health consciousness among the patients suffering from vascular disorders and diabetes is the main factor behind the dominance of the North America advanced wound care management market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional advanced wound care management market. 

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Key Market Players & Competitive Landscape

Some of key players in Advanced Wound Care Management market are 3M, Smith & Nephew Plc., Acelity L.P. Inc., ConvaTec Inc., Medline Industries, Inc., Medtronic, Coloplast A/S, Organogenesis Inc. and Molnlycke Health Care.  

The global Advanced Wound Care Management market is segmented as follows:    

By Product Type

  • Advanced Wound Dressings
    • Foam dressings
    • Hydrocolloid dressings
    • Hydrofiber dressings
    • Film dressings
    • Alginate dressings
    • Hydrogel dressings
    • Collagen dressings
  • Active Wound Care
    • Artificial skin and skin substitutes
    • Growth Factors
  • Antimicrobial Dressing

By Type of Wound

  • Chronic Wounds
    • Diabetic foot ulcers
    • Pressure ulcer
    • Venous leg ulcer
    • Arterial Ulcer
  • Acute Wounds
    • Burns
    • Surgical and Traumatic wounds

By End Users

  • Hospitals
  • Home Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Advanced Wound Care Management market was valued at USD 11.6 Billion in 2020.

The global Advanced Wound Care Management market is expected to reach USD 19.0 Billion by 2028, growing at a CAGR of 6.3% between 2021 to 2028.

Some of the key factors driving the global Advanced Wound Care Management market growth are Rise in the number of surgeries and inflating occurrence of chronic disorders such as diabetes and grant allotted by the government to healthcare sector for focusing on quick healing.  

North America has been leading the worldwide advanced wound care management market and is anticipated to continue on the dominant position in the years to come, states the market study. Escalating health consciousness among the patients suffering from vascular disorders and diabetes is the main factor behind the dominance of the North America advanced wound care management market.  

Some of the major companies operating in Advanced Wound Care Management market are 3M, Smith & Nephew Plc., Acelity L.P. Inc., ConvaTec Inc., Medline Industries, Inc., Medtronic, Coloplast A/S, Organogenesis Inc. and Molnlycke Health Care.

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