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2014
Advanced Wound Care And Closure Market

Advanced Wound Care and Closure Market By Type (Haemostatic and sealing agents, Topical Tissue Adhesive, Wound closure devices, Moist Wound dressings, Active Wound care, Therapy devices), Application (Burns, Ulcers, Pressure ulcers, Diabetic ulcers, Venous leg ulcers, Arterial ulcers, Surgical Wounds) and End User (Hospitals and Community Health Services, Home Healthcare) - Global Opportunity Analysis and Industry Forecast, 2013 - 2020
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A00024
Pages: 140
Jul 2014 | 387169 Views
Author(s) : Debbie Shields
Tables: 61
Charts: 30
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Advanced Wound Care and Closure Market Overview:

Global Advanced Wound Care and Closure Market is expected to garner $20.5 billion by 2020, registering a CAGR of 8.0% during the forecast period 2014 - 2020. Traditional wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal wounds, which take substantial time to heal and are expensive to treat.

Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds. Traditional wound care & closure products are being increasingly substituted with advanced wound care & closure products due to their efficacy and effectiveness in managing wounds by enabling faster healing. This is set to propel the growth of advanced wound care and closure market in near future.

Attempts to reduce the duration of hospital stays in order to limit surgical healthcare costs, and the rising inclination towards products that enhance therapeutic outcomes are driving the demand for advanced wound care & closure products. The risks associated with ineffective wound healing promote the demand for combination dressings, which is a modern trend in the market that is replacing traditional wound dressing methods further supplementing the advanced wound care and closure market growth.

Smith and Nephew, Kinetic Concepts, 3M, BSN medical, Covidien, ConvaTech, Derma Sciences, Integra LifeSciences, Baxter International and Coloplast are some of the major players in the global advanced wound care and closure market.

The global advanced wound care and closure market has been segmented based on type, application, end users and geography. Based on type, the global market is segmented into advanced wound closure market and advanced wound care market. According to applications, the market is segmented into Burns, Ulcers and Surgical Wounds. Based on end users, the market is segmented into hospitals & community healthcare services and home healthcare. Geographically, the market is segmented into four regions, namely North America, Europe, Asia-Pacific and LAMEA.

 

Wound Care

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ADVANCED WOUND CARE AND CLOSURE MARKET KEY BENEFITS

  • An in-depth analysis of the current advanced wound care, and wound closure market scenario is strategically dealt to provide future market trends that would facilitate decision making 
  • Quantitative analysis of the current market trends and estimations through 2013-2020 would help strategists to design business strategies to capitalize on the prevailing opportunities in the market
  • Analysis of the market factors in various regions would bestow a deeper understanding of demographical dynamics that would influence expansion decisions. 
  • Identification of key application segments based on their potential and growth prospects would throw light on the most profitable segments to capitalize on 
  • Analysis of key strategies adopted by market players will assist in understanding the inherent business rivalry and intensity of competition prevailing among the top brands
  • Emphasis is laid on key factors affecting the growth of the global advanced wound closure and advanced wound care market. These factors are critically analyzed to gain a futuristic view of the market 
  • SWOT and competitive analysis of key players is conducted to help stakeholders to understand the inherent trends followed by their competitors and make the necessary amendments to the existing expansion plans 

ADVANCED WOUND CARE AND CLOSURE MARKET KEY SEGMENTS

Global advanced wound care and closure market is categorized into types, applications, end user and geography.

BY TYPE

  • Advanced Wound closure
    • Haemostatic and sealing agents
      • Fibrin Sealant
      • Surgical Sealant
      • Gelatin-based Sealant
      • Human Fibrinogen and Thrombin Fleece
    • Topical Tissue Adhesive
    • Wound closure devices
      • Mechanical stapling device
      • Ligating clips
      • Wound closure strips
      • Others
  • Advanced Wound care
    • Moist Wound dressings
      • Films
      • Foams
      • Hydrocolloids
      • Hydrogels
      • Collagen
      • Alginates
      • Silver Wound Dressings
    • Active Wound care
      • Skin substitutes
      • Growth factors
    • Therapy devices

BY APPLICATION

  • Burns
  • Ulcers
  • Pressure ulcers
  • Diabetic ulcers
  • Venous leg ulcers
  • Arterial ulcers
  • Surgical Wounds

BY END-USER

  • Hospitals and Community Health Services
  • Home Healthcare

BY GEOGRAPHY

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
 

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Advanced wound care and closure products have emerged as the promising solution in wound management. Wound closure devices, Haemostatic and sealing agents, and topical adhesives has proven their effectiveness in wound closing over traditional sutures and stapling wound closures as these advanced wound closures support scar free surgeries and offer number of benefits over conventional solutions. Moist wound dressings and composite dressings has changed the wound healing process. Traditional dressings are being increasingly substituted with moist and composite wound dressings, mainly due to their effectiveness in managing wounds by promoting faster healing. Active wound care has emerged as a most potent segment of advanced wound care and would become most preferable solution for wound management. Therapy devices such as Negative Pressure Wound Therapy systems, Pressure relief devices and other devices under clinical studies are the noval approach in the wound management. Rising lifestyle diseases that lead to chronic wounds such as diabetic foot ulcers and growing number of cosmetic, plastic and other surgical procedures has boosted the market growth. However, Reimbursement for advanced wound care and wound closure products is complex as these products are very expensive and experiencing significant price pressures.

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