0
2020
Wound Management Devices Market

Wound Management Devices Market by Product (Therapy Devices, Wound closure Devices, and Others), Application (Burns, Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds, and Others), and End User (Hospitals, Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
Update Available On-Demand

A06272
Pages: 240
May 2020 | 3891 Views
Author(s) : Onkar Sumant & Snehal Manjrekar
Tables: 118
Charts: 19
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Wound Management Devices Market

Request Now !

Wound Management Devices Market Overview:

The global wound management devices market size was valued at $13,396.8 million in 2018 and is projected to reach $18,818.4 million by 2026, registering a CAGR of 4.3% from 2019 to 2026. Wounds can occur as a result of accidents, burns, trauma, or natural disasters. They are generally classified into two types, namely, chronic and acute wounds. Chronic wounds may arise due to various lifestyle diseases such as obesity, cardiovascular diseases, and diabetes. Acute wounds, on the other hand, can be surgical or traumatic. These wounds usually heal through a normal wound healing process at a predictable rate. As per data published by the U.S. National Institute of Health, in 2017, wounds or chronic wounds affect approximately 6.5 million of the U.S. population and the number is likely to increase in the coming years. 

Wound-Management-Devices-Market,-2019-2026

Get more information on this report : Request Sample Pages

Factors responsible for the growth of the market include surge in geriatric population across the globe as such population mostly suffer from slower wound healing process, thereby affecting the phases of natural wound healing. According to data published by the National Institute of Health, in 2016, older population worldwide is growing at an unprecedented rate. Approximately, 8.5% of the population worldwide, i.e. 617 million was aged 65 and above. This increase in geriatric population globally coupled with slower wound healing process is expected to propel of wound management devices market growth. Furthermore, the percentage is projected to increase up to 17% by 2050.In addition, increase in diabetic patient pool is likely to boost the growth of the wound management devices market as they are more prone to foot ulcers. Diabetic ulcers (diabetic foot) affect around 19 to 34% of the diabetic population,as perthe data published by the American College of Physicians Organization. 

Global Wound Management Devices Market Segmentation

The wound management devices market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is classified into therapy devices, wound closure devices, and others. On the basis ofapplication, it is divided into burns, diabetic foot ulcers, pressure ulcers, surgical wounds, and others. On the basis of end user, it is segmented into hospitals, clinics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment review

On the basis of product, the market is classified into therapy devices, wound closure devices, and others.The therapy devices segment is expected to dominate the wound management devices market, owing to largenumber of product approvals and their advantages over traditional methods in the promotion ofwound healing by hydration. Furthermore, these devices lower the chances of infection at the wound site, thereby enhancing wound healing procedures. Furthermore, the wound management devices market is anticipated to be driven by pharmaceutical companies willing to invest in affordable wound management technologies, owing to existing cost burden of chronic wounds. The wound closure devices segment is expected to grow at the fastest CAGR during the forecast period. This growth is attributed to the shift in preference of healthcare professionals toward painless wound closure devices and increasing demand for minimally invasive therapies across the globe. In addition, rising use of synthetic absorbable sutures in cosmetic surgeries are expected to drive the market growth in the near future. As per the data published by International Society of Aesthetic Plastic Surgery, approximately 10,607,227 surgical cosmetic procedures were performed worldwide in 2018.

Wound Management Devices Market
By Product

Your browser does not support the canvas element.

Therapy Devices segment is projected as one of the most lucrative segment.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages


On the basis ofapplication, the wound management devices market is divided into diabetic foot ulcers, pressure ulcers, surgical wounds, burns, and others.The burns segment is anticipated to be the most lucrative segment in the market owing to increased frequency of burn injuries. These may arise due to flames, steams or agents such as chemicals, tar and electricity. The diabetic foot ulcerssegment is estimated to increase at a significant CAGR during the forecast period due to increasing diabetic patient pool and them being more prone to foot ulcers. As per data published by the American Podiatric Medical Association, in 2019, around 15% of patients with diabetes developed foot ulcers, of those, approximately 6% are hospitalized due to other ulcer-related complications and infections. Diabetes is one of the leading causes of non-traumatic lower extremity amputations in the U.S. and around 14 to 24% out of them are diabetic patients. Thus, increase in diabetic population across the globe is expected to drive the wound management devices market for the diabetic foot ulcers segment.

Wound Management Devices Market
By Application

Your browser does not support the canvas element.

Burns holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

The report provides an extensive competitive analysis and profiles of the key market players such as Baxter International Inc., Coloplast A/S, ConvaTec Inc., Derma Sciences Inc., Hollister Inc., Johnson & Johnson, 3M Company, Medtronic Plc., Mölnlycke Health Care, and Smith & Nephew.

Key Benefits For Stakeholders

  • The wound management devices market size and estimations are based on a comprehensive analysis of key developments in the wound management devices industry.

  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

  • The study provides an in-depth analysis of the market and current & future trends to elucidate the imminent investment pockets.

  • The wound management devices market forecast is studied from 2018 to 2025

  • Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.

  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.

  • The quantitative the global wound management devices market analysis from 2019 to 2026 is provided to determine the market potential.

Key Market Segments & Key Market Players

Segments Sub-segments
By Product
  • Therapy Devices
  • Wound closure Devices
  • Other Devices

By Application
  • Burns
  • Diabetic Foot Ulcers
  • Pressure ulcers
  • Surgical wounds
  • Others

By End User
  • Hospitals
  • Clinics
  • Others

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi
    • South Africa
    • Rest of LAMEA

Key Market Players
  • BAXTER INTERNATIONAL INC.
  • Coloplast A/S
  • ConvaTec Inc.
  • DERMA SCIENCES INC.
  • Hollister Inc.
  • Johnson & Johnson
  • 3M Company
  • Medtronic Plc.
  • Mölnlycke Health Care
  • Smith & Nephew
 

Loading Table Of Content...


 
 

Wound management devices are mainly used in the treatment of acute and chronic wounds that require significant amount of time to heal and involve expensive treatments. Wound management devices and therapies are slowly replacing traditional approach of wound healing due to faster recovery processes and major complications associated with wounds. Thus, this has fueled the interest of the healthcare industry, owing to rapid healing capabilities of wound management devices, along with fewer issues of drainage and lesser risk of infection. The utilization of wound management devices is expected to witness a significant rise with increasing diagnosis of acute and chronic wound disorders.

The rising incidences of chronic and lifestyle diseases, better reimbursement policies and presence of prominent players are the major factors that drive the growth of wound management devices market. Furthermore, rise in the geriatric population associated with delayed wound healing procedures are anticipated to boost the demand for wound management devices in the near future, thereby propelling the market growth. However, higher costs of the wound management devices & treatments and reluctance towards new wound healing therapies are projected to hamper the growth of the market. 
 

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The total market value of wound management devices market is $13,396.8 million in 2018.

A. The forecast period for wound management devices market is 2019 to 2026

A. The market value of wound management devices market in 2019 is $14,016.0 million

A. The base year is 2018 in wound management devices market

A. Top companies such as, Baxter International Inc., ConvaTec Inc., Derma Sciences Inc., Johnson & Johnson, 3M Company, Medtronic Plc., and Smith & Nephew, held a high market position in 2018.

A. Therapy Devices segment is the most influencing segment growing in the Wound Management Devices Market

A. The key trend in the wound management devices market is increase in geriatric population across the globe which drives the growth of the market.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as China and India with a CAGR of 5.3% and 5.0% respectively.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Wound Management Devices Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $4,904
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,483
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,995  $8,796
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers