A research study titled, “Advanced
Wound Care Market by Product and Application - Global Industry Analysis and
Forecast To 2025” published by Crystal Market Research, states that the advanced
wound care market is projected to be around $15 billion by 2025.
Advanced
wound care (AWC) product have an enhanced therapeutic efficiency in comparison
with conventional wound care products like bandage, gauge, sponge and others.
The use of advanced wound care product encourages the process of healing and
decreases the time taken for recovery. Therefore, the demand for wound therapy
device, advanced wound dressing, and active wound care product is estimated to
escalate. All of these products are used in outpatient as well as inpatient
facilities to render improved treatment to patients suffering from surgical
wounds, burns, chronic wounds, and ulcers. Advanced wound therapy devices
comprise of oxygen and hyperbaric oxygen equipment, negative pressure wound
therapy (NPWT) device, electrical stimulation device, and many others to fasten
the wound healing process. Advanced wound dressing consists of hydrocolloid
dressing, foam dressing, film dressing, alginate dressing, collagen dressing,
hydrogel dressing, amongst the rest. Lastly, active wound care products in the
form of topical agents have skin and skin substitutes. NPWT would mean sporadic
application of partial vacuum to a particular wound with the help of a
motorized pump. A negative pressure environment which is controlled eliminates
bacteria, pressure ulcers, edema fluid, and escalates the oxygenation of tissues.
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The
advanced wound care market is flourishing owing to rising elderly population
and more amount of awareness pertaining to the advanced products coupled with
higher rate of adoption. Alarming prevalence of diabetes and obesity are also
resulting in elevated demand for advanced wound care products. Of all the kinds
of advanced wound care, the advanced wound dressing segment is predicted to
experience the most rapidly growing market during the forecast period.
Some of
the major factors driving the growth of AWC market are rising prevalence of
chronic diseases worldwide, technological advancements in wound care products
and procedures, and increasing aging population vulnerable to chronic diseases such
as diabetes leading to the heightened risk of chronic wounds. According to
NCBI, pressure ulcers occur in 30 to 85% of spinal cord injury patients in the
first month of injury. However, high cost of AWC treatment procedures can
restrain the growth of the market. But, the development of AWC systems offering
cost effective treatments targeted towards specific wounds will spearhead the
future growth of the market. Thus, technological advancements and cost
effectiveness along with pain and odor control are some of the key factors that
will dictate the evolution of wound care industry in the coming years.
The
therapy devices segment dominated the global AWC market in 2016 due to their capability
to enhance the wound healing and recovery process by the use of vacuum
dressings. The active wound care market is poised to grow at a significant CAGR
from 2017 to 2025. On the basis of application, the chronic wound segment is projected
to exhibit lucrative growth rate during the forecast period as AWC products
helps in faster wound healing and recovery.
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U.S.
dominated the North American AWC
market in 2016 which can be attributed to the growing incidence of
chronic wounds, rising demand for AWC products for faster healing, and
favorable reimbursement policies Moreover, the ongoing technological
innovations for the development of advanced AWC products will further
contribute to the market growth.
Some of
the key players in this market are PAUL HARTMANN Limited, Medtronicplc, Cardinal
Health, BSN medical, Acelity L.P., Inc., Integra LifeSciences Corporation,
Smith & Nephew plc., Covalon Technologies Ltd., DeRoyal Industries, Inc, ConvaTec,
Inc., Organogenesis Inc., Coloplast A/S, Mölnlycke Health Care AB, and Medline
Industries, Inc.
Key Findings of the Research
Study:
·
Therapy
devices segment held major share of the overall market in 2016 and will
continue to dominate the market during the forecast period.
·
Active
wound care segment is projected to grow at a double digit CAGR during the
forecast period primarily due to its biocompatibility characteristics.
·
NPWT
modality is gaining popularity in the management of acute as well as chronic
wounds.
·
Chronic
wound segments projected to witness a high single digit growth rate from 2017
to 2025.
·
North
America dominated the global AWC market in 2016 primarily due to availability
of advanced healthcare infrastructure and favorable reimbursement policies.
·
Asia-Pacific
AWC market is projected
to grow at significant CAGR during the forecast period owing to increasing
demand for advanced healthcare services with rising disposable income of the
people.
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Advanced Wound Care
Market Segmentation:
By Product:
- Dressings
o Collagens
o Silver
Wound Dressings
o Non-Silver
Dressings
o Hydrocolloids
o Alginates
o Foam
Dressings
o Hydrogels
- Therapy Devices
o Oxygen
and Hyperbaric Oxygen Equipment
o Electromagnetic
Therapy Devices
o Negative
Pressure Wound Therapy
o Ultrasound
Devices
o Others
(Electric Stimulation Devices, Pressure Relief Devices, Ultraviolet Devices,
Whirlpool Therapy Devices)
- Active Wound Care
o Growth
Factors
o Skin
Substitutes
By
Application:
- Chronic Wound Care
o Venous
Leg Ulcers
o Pressure
Ulcers
o Diabetic
Foot Ulcers
o Arterial
Ulcers
- Acute Wound Care
o Surgical
Wounds
o Burns
& Trauma
By
Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest
of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South
Korea
o Rest
of Asia Pacific
- Rest of the World
o Brazil
o South
Africa
o Saudi
Arabia
o United
Arab Emirates
o Others
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About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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