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2021
Advanced Wound Care Market

Advanced Wound Care Market

by Product (Infection Management, Exudate Management, Active Wound Care, and Therapy Devices), Application (Chronic Wounds and Acute Wounds), and End User (Hospitals and Community Health Service Centers): Global Opportunity Analysis and Industry Forecast, 2021-2030
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Report Code: A00756
Pages: 287
Sep 2021 | 46245 Views
Author(s) : Shubham C, Madhuvanti D , Onkar S
Tables: 132
Charts: 71
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COVID-19

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Advanced Wound Care Market Statistics – 2030

The global advanced wound care market size was valued at $8,978.0 million in 2020, and is projected to reach $14,190.5 million by 2030, registering a CAGR of 4.6% from 2021 to 2030. Advanced wound care (AWC) products are designed to treat acute & chronic wounds. Chronic wounds take more time to heal and are expensive to treat. Advanced wound care is developing as a standard solution for treating chronic wounds. Traditional wound care products are being increasingly replaced with advanced wound care products, owing to their efficiency & effectiveness in managing wounds by enabling faster healing.

The COVID-19 outbreak is anticipated to have a negative impact on Advanced Wound Care Market. Due to nationwide lockdowns, denied wound care services, cancelled or postponed elective surgeries, and increasing skin injuries in COVID-19 medical care providers, the advanced wound care market is expected to register a certain decline during the forecast period.

They help to maintain a hydrated environment, keep temperature consistent, allow flow of oxygen, protect the injured site from exogenous infection, and ease pain associated with dressing changes. Advanced wound care products include hydrocolloids, hydrogels, film & foam dressings, alginates, and others. Increasing prevalence of chronic injuries is one of the key factors leading to the rise in demand for advanced wound care products. The dressings required for healing chronic injuries include films, gauze, hydrogel, hydrocolloid, and foam dressings.

advanced-wound-care-market-2021-2030-1633694912

 

Advanced wound care products containing silver and alginates are also used for removing excess fluids from wounds and protect it from infections. These products comprise hormone-like substances, also known as growth factors. These growth factors allow rapid healing and promote the growth of the body’s cells. In addition, skin-grafts and biomaterials are also used for healing and closing larger wounds, which can’t close on their own.

Advanced wound care solutions are innovative products, which are introduced for welfare of patients suffering from wound related concerns such as ulcers and diabetes. Rise in diseases, which take long time for healing require such advanced wound care solutions for better treatment. According to the International Diabetes Federation (IDF), presently, more than 460 million people between 20 and 79 years of ages are living with diabetes worldwide and by 2045 this number is expected to rise to 700 million. Diabetes is a chronic disease, which is known to give rise to complex conditions, which usually do not heal on their own and require surgery. For instance, diabetic foot ulcers usually turn out to be infectious and at times patient may end up with amputations. In such cases, advanced wound care dressings and devices are beneficial to ease suffering of patients.

Advanced Wound Care Market
By Product

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Therapy Devices segment holds a dominant position in 2020

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Global Advanced Wound Care Market Segmentation

The advanced wound care market is segmented on the basis of product, application, end user, and region. By product, the market is segmented into infection management, exudate management, active wound care, and therapy devices. Infection management is further subsegmented into silver dressings, non-silver dressings, and collagens. Exudate management is further subsegmented into hydrocolloid dressings, foam dressings, alginate dressings, and hydrogel dressings. Active wound care is further divided into skin substitutes and growth factors. Therapy devices is further categorized into negative pressure wound therapy (NPWT), oxygen and hyperbaric oxygen equipment, electromagnetic therapy devices, and others.

On the basis of application, the advanced wound care market is bifurcated into chronic wounds and acute wounds. The chronic wounds segment is further divided into pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. The acute wounds segment is further divided into burns & trauma, and surgical wounds. On the basis of end user, the market is classified into hospitals and community health service centers. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Advanced Wound Care Market
By Application

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Chronic Wounds segment holds a dominant position in 2020

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Segment review

By product, the therapy devices segment may acquire highest share. Furthermore, this segment is also expected to experience growth at the fastest rate during the forecast period, owing to increase in incidences of chronic diseases such as diabetes & obesity and rise in demand for innovative & advanced wound care products. By application, the chronic wound segment can generate more revenues.

This is attributed to surge in prevalence of post-operative surgical wounds, rise in geriatric population, increase in awareness and improved diagnosis, and technological advancements. By end user, the hospitals segment accounted for majority of the advanced wound care market share, owing to 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. However, the wound care center segment is expected to grow with the highest growth rate, owing to availability of better facilities and treatments for wounded patients.

Advanced Wound Care Market
By End User

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Hospitals segment holds a dominant position in 2020

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North America accounted for the largest market share in 2020 and is expected to retain its dominance throughout the forecast period. It provides opportunities for key players operating in the advanced wound care market, owing to increase in population, coupled with rise in geriatric population. In addition, surge in healthcare expenditure and development in guidelines is expected to propel the advanced wound care market growth in this region.

The major companies profiled in this report include 3M (Acelity Inc.), Adynxx, Inc., B Braun Melsungen AG, Coloplast A/S, ConvaTec Group plc, Essity AB (BSN Medical GmbH), Integra Lifesciences (Derma sciences), Investor AB (Mölnlycke Health Care AB), Johnson & Johnson, Medline Industries, Inc., Medtronic plc., Organogenesis Holdings Inc., and Smith & Nephew Plc.

Advanced Wound Care Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 5.7% during 2021-2030.

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Key Benefits for Stakeholders
  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global advanced wound care industry to identify the prevailing opportunities.
  • This study presents the competitive landscape of the global advanced wound care market to predict the competitive environment across geographies.
  • Comprehensive analysis of factors that drive and restrict the advanced wound care market growth is provided.
  • Region- & country-wise analysis is provided to understand the advanced wound care market trends and dynamics.
Key Market Segments 
By Product type    
  • Infection Management
    • Silver Wound Dressings
    • Non-silver Dressings
    • Collagen Dressings
  • Exudate Management
    • Hydrocolloids Dressings
    • Foam Dressings
    • Alginate Dressings
    • Hydrogel Dressings
  • Active Wound Care
    • Skin Substitutes
    • Growth Factors
  • Therapy Devices
    • Negative Pressure Wound Therapy (NPWT)
    • Oxygen and Hyperbaric Oxygen Equipment
    • Electromagnetic Therapy Devices
    • Others
By Application
  • Chronic Wounds
    • Pressure Ulcers
    • Diabetic Foot Ulcers
    • Venous Leg Ulcers
    • Arterial Ulcers
  • Acute Wounds
    • Burns & Trauma
    • Surgical Wounds
By End User
  • Hospitals
  • Community Health Service Centers
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • Japan
    • India
    • China
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
Key Market Players 
  • 3M (Acelity Inc.)
  • Adynxx, Inc.
  • B Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group plc
  • Essity AB (BSN Medical GmbH)
  • Integra Lifesciences (Derma sciences)
  • Investor AB (Mölnlycke Health Care AB)
  • Johnson & Johnson
  • Medline Industries, Inc.
  • Medtronic plc.
  • Organogenesis Holdings Inc.
  • Smith & Nephew Plc.
 

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Advanced wound care products are prescribed by clinicians for wound rapid healing. The advanced wound care therapies function on the principle of moisture therapy. This involves keeping the wound hydrated to facilitate faster healing. In addition, they are resistant to exogenous infection, and foreign particles.

The adoption of advanced wound care products such as hydrocolloids, hydrogels, film & foam dressings, and alginates is expected to witness significant adoption, owing to rise in prevalence of chronic diseases such as diabetes and obesity. In addition, these products help to maintain a steady temperature around the wound, facilitate oxygen flow, relieve pain during dressing changes, and protect wounds from infection, which further fuel their demand in healthcare settings. Moreover, rise in adoption evidence-based treatments for chronic wounds, problems associated with traditional wound healing methods, and attempts to reduce the duration of the hospital stay to lower healthcare expenses fuel the growth of the global advanced wound care market.

Active wound care products are most popularly used in advanced wound care therapy, as these products stimulate new tissue growth, control infection & pain, and facilitate nutrition supply to wounds. These products involve substances ranging from relatively low-tech collagen to high-tech artificial growth factors that enhance the wound healing process. Thus, advanced wound care products are expected to witness increased adoption, owing to rise in number plastic surgeries. Conversely, high cost of advanced wound care products is anticipated to limit the market growth. However, increased focus toward advanced treatment protocols is expected to open new avenues for the expansion of the advanced wound care market.

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FREQUENTLY ASKED QUESTIONS?

A. Advanced wound care (AWC) products are designed to treat acute & chronic wounds. Chronic wounds take more time to heal and are expensive to treat. Advanced wound care is developing as a standard solution for treating chronic wounds.

A. The total market value of advanced wound care market is $8,978.00 million in 2020

A. Owing to their efficiency & effectiveness in managing wounds by enabling faster healing

A. The base year is 2020 in advanced wound care market

A. Medline, 3M, Smith & Nephew, Johnson & Johnson, held a high market postion owing to the strong geographical foothold in different regions.

A. Therapy devices segment dominates the global market, and is anticipated to continue this trend during the forecast period. the growth of this segment is attributable to higher sensitivity and lower limits of detection and higher resolving power.

A. The major factor for the growth of advanced wound care market is increasing prevalence of chronic injuries is one of the key factors leading to the rise in demand for advanced wound care products are fueling the market growth.

A. North america holds the total share of 43.98% while the Asia-pacific region is estimated to grow at CAGR of 5.7%. Japan and Italy are estimated to be the most emerging countries in the Advanced wound care market.

A. The market value of advanced wound care market in 2030 is $14,190.50 million

A. The forcast period for advanced wound care market is 2021 to 2030

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