The global Advanced Wound Care Market is expected to reach USD 20.42 Billion by 2027, according to a new report by Emergen Research. The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management.
The rising geriatric population base at high risk of chronic wounds will support the demand for advanced wound care products. The rising pool of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Advanced Wound Care industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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It is predicted that the existing and rising cost burden of these chronic wounds will drive investment in advanced wound care technology that will have a significant positive impact on the growth of the industry. However, prohibitive costs of the market products, which often undermine the affordability of treatment, will, in the foreseeable future, hinder industry growth. Impaired or delayed healing of the wound in chronic diseases, as well as after surgical procedures, poses a serious threat to patients and puts them at risk of infection, amputation, and death.
The global Advanced Wound Care market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner.
The market for moist wound therapy is expected to grow at a CAGR of 9.5% during the forecast period. Factors that drive this segment’s growth include the increasing incidence of diabetes-associated ulcers and increased demand for innovative and advanced wound dressings to treat such wounds.
Key participants include Smith & Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group, Coloplast, Integra LifeSciences, 3M, Cardinal Health, and Lohmann & Rauscher, among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Moist Wound Dressings
- Wound Therapy Devices
- Pressure Relief Devices
- Negative Pressure Wound Therapy Systems
- Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Other Wound Therapy Devices
- Active Wound Care
- Artificial Skin and Substitutes
- Wound Type Outlook (Revenue, USD Billion; 2017-2027)
- Surgical Wounds
- Traumatic Wounds
- End-User Outlook (Revenue, USD Billion; 2017-2027)
- Home Care Settings
- Hospitals and Clinics
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key questions addressed in the report:
- What are the key factors driving the global Advanced Wound Care market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Advanced Wound Care market?
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Global Advanced Wound Care Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Advanced Wound Care Market Segmentation & Impact Analysis
4.1. Advanced Wound Care Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Rapid growth in the geriatric population
18.104.22.168. Increased incidence of diabetes
22.214.171.124. Rising innovation in advanced wound care products
4.2.3. Market restraints analysis
126.96.36.199. High cost of products
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Advanced Wound Care Market By Product Type Insights & Trends, Revenue (USD Million)
5.1. Product Type Dynamics & Market Share, 2019 & 2027
5.1.1. Moist Wound Dressings
5.1.2. Wound Therapy Devices
188.8.131.52. Pressure Relief Devices
184.108.40.206. Negative Pressure Wound Therapy Systems
220.127.116.11. Hyperbaric Oxygen Equipment
18.104.22.168. Electrical Stimulation Devices
22.214.171.124. Other Wound Therapy Devices
5.1.3. Active Wound Care
126.96.36.199. Artificial Skin and Substitutes
Chapter 6. Advanced Wound Care Market By Wound Type Insights & Trends Revenue (USD Million)
6.1. Wound Type Dynamics & Market Share, 2019 & 2027
6.1.1. Surgical Wounds
6.1.4. Traumatic Wounds
Chapter 7. Advanced Wound Care Market By End User Insights & Trends Revenue (USD Million)
7.1. End User Dynamics & Market Share, 2019 & 2027
7.1.1. Home Care Settings
7.1.2. Hospitals and Clinics
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