Advanced Wound Care Market Size By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices, {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen and Hyperbaric Oxygen Equipment}), By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By End Use (Hospitals, Homecare Settings), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Dec 2020  |  Report ID: GMI2871  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 258   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Advanced Wound Care Market size surpassed USD 10.2 billion in 2019 and is poised to grow at over 5.2% CAGR between 2020 and 2026. Increasing geriatric population base that are at high risk of developing chronic wounds will augment the market growth.
 

Advanced Wound Care Market

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Increasing funding for wound care research will boost the market expansion. Rise in demand for novel and advanced wound care products along with surge in incidences of trauma and burns injuries will escalate the advanced wound care market revenue. Due to COVID-19 outbreak several manufacturers in market are forced to halt their production and manufacturing operations, owing to rapid spread of coronavirus. Wound care management has seen a drop in growth on account of the risk of patients catching COVID-19 infection in hospitals and other healthcare settings. Special care and measures are being taken under controlled environment for needy patients. Similarly, business operations have been paused, due to new government declarations that created moderate impact on the market.
 

Advanced Wound Care Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 10.3 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.2% 2026 Value Projection: USD 14.5 Billion
Pages: 258 Tables, Charts & Figures: 425
Geographies covered (23): U.S., Canada, Germany, UK, France, Italy, Spain, Netherlands, Belgium, Austria, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait, Qatar
Segments covered: Product, Application, End-use and Region
Companies covered (16): 3M Inc., Coloplast, Hollister Incorporated, Medline Industries, Inc., Mölnlycke, HARTMANN International, ConvaTec Group, Derma Sciences, MPM Medical LLC, Smith and Nephew PLC, Organogenesis, Integra LifeSciences Corporation, Beiersdorf global, Lohmann & Rauscher, B. Braun Melsungen AG, Medtronic
Growth Drivers:
  • Growing geriatric population base worldwide
  • Increasing incidences of chronic diseases
  • Technological advancement in wound care industry in developed regions
  • Increasing number of surgical procedures
Pitfalls & Challenges:
  • High cost of medical devices

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Technological advancements in advanced wound care will fuel the market progression

Increasing incidences of chronic disorders and escalating numbers of surgical procedures has created need for superior wound care products. Leading advanced wound care market players are investing immensely in research and development aimed at development of technologically advanced products. High research and development activities in the industry will lead to development of superior wound care products. Negative pressure wound therapy devices; hyperbaric oxygen devices are some of the technologically advanced wound care products that enables rapid recovery in chronic wound cases.
 

Major market players are focusing on developing technologically advanced wound care devices. For instance, in March 2020, Smith & Nephew announced the launch of PICO 14 single use negative pressure wound therapy system (sNPWT). This sNPWT system has a pump duration of around 14 days and requires less user intervention. Thus, newly developed advanced wound care devices may help in contributing to patient management that will spur the market growth during analysis period.
 

Wound therapy devices have several applications

The wound therapy devices segment in the advanced wound care market will witness around 5.9% growth rate during the forecast period. Wound therapy devices such as negative pressure wound therapy systems, pressure relief devices, and electrostimulation devices are integrated with advanced therapy and has applications in tissue repair as well as aesthetic surgeries. Key market players have recently developed portable wound therapy devices that will surge its demand.
 

Availability of advanced treatment facilities in hospitals will propel the advanced wound care market revenue

Advanced Wound Care Market By End-use

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The hospitals segment is predicted to observe growth of around 4.5% through 2026. Rising number of trauma cases and road accidents requiring surgical procedures will accelerate the segment growth as patients undergoing surgical procedures are prone to surgical wounds. Availability of advanced infrastructure and healthcare facilities for treatment of various surgical wounds coupled with rising healthcare expenditure to offer improved patient care will propel the market size expansion. In addition, growing cases of diabetic foot ulcers requiring critical care as well as wound dressings at regular intervals will further enhance the market demand.
 

Rising cases of skin burns globally will boost the market growth 

The skin burns segment held around USD 25% advanced wound care market share in 2019. Rising cases of skin burns will increase the demand for advanced wound care therapy products. As per the World Health Organization (WHO) around 180,000 deaths occur due to burns and amongst them majority of deaths occur in low and middle developing economies. Thus, surging cases of skin burns especially in low-income countries will drive the market demand. Moreover, advancements in wound care management have improved every aspect of burn care including surgical management, intensive care management along with approaches to wound healing and scar management.
 

Increasing prevalence of diabetes in the North American region

North America Advanced Wound Care Market By Country

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North America advanced wound care market accounted for more than 40% revenue share in 2019 owing to rising incidences of chronic disorders such as obesity, diabetes along with subsequent rise in incidences of chronic wounds. Diabetic patients may suffer from diabetic foot ulcers and diabetes is also responsible for significant mortality and morbidity among patients. Surging number of diabetic injuries in patients can generate huge demand for advanced wound care products. Additionally, strong presence of major industry players in North America region with high adoption of new technologies will further spur the industry expansion.
 

Continuous innovation by leading companies have helped them maintain strong position in the market

Some of the prominent players functioning in the advanced wound care market include 3M, Coloplast, Hollister Incorporated, Medline Industries, Mölnlycke, HARTMANN International, ConvaTec Group, Derma Sciences, MPM Medical, Smith and Nephew, Organogenesis, Integra LifeSciences Corporation, Beiersdorf global, Lohmann & Rauscher and B. Braun. These industry players are adopting several growth strategies to capture larger market share.
 

The advanced wound care market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
 

Market, By Product

  • Wound dressings
    • Anti-microbial dressings
    • Alginate dressings
    • Hydrogel dressings
    • Foam dressings
    • Film dressings
    • Hydrocolloidal dressings
    • Others
  • Wound therapy devices
    • Negative pressure wound therapy systems
    • Pressure relief devices
    • Electrostimulation devices
    • Oxygen and hyperbaric oxygen equipment
    • Others
  • Others
    • Growth factors
    • Others

Market, By Application

  • Diabetic wounds
  • Skin burns
  • Pressure wounds
  • Surgical wounds
  • Venous legs ulcers
  • Others

Market, By End-use

  • Hospitals
  • Homecare settings
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherlands
    • Belgium
    • Austria
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
       

 

Frequently Asked Questions (FAQ) :

The industry share of advanced wound care was more than USD 10.2 billion in 2019 and will record around 5.2% CAGR through 2026 with the growing geriatric population with a high risk of suffering chronic wounds.
The wound therapy devices segment is expected to register around 5.9% CAGR over 2020-2026.
Around 25% of industry share was held by the skin burns application segment in 2019 and will expand with an increasing demand from low-income countries.
North America held over 40% of market revenue share in 2019 and will grow owing to the rising prevalence of diabetic injuries, obesity and the presence of key industry players.

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Premium Report Details

  • Published Date: Dec 2020
  • Pages: 258
  • Tables: 409
  • Charts / Figures: 16
  • Companies covered: 16
  • Countries covered: 23

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