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 report has been formulated by assessing vital information of the overall Advanced Wound Care Market along with factors affecting the dynamics and trends of the industry. The report considers the COVID-19 pandemic as one such influencing factor. The report extensively analyzes the impact of the pandemic on the supply chain, economic scenario, and growth of the Advanced Wound Care market. Moreover, the report assesses the current as well as the future impact of the global health crisis on the Advanced Wound Care industry.
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Smith & Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group, Coloplast, Integra LifeSciences, 3M, Cardinal Health, and Lohmann & Rauscher, among others.
Market Report Segmentation
Emergen Research has segmented into the global Advanced Wound Care Market on the basis of product type, wound type, end-user, and region:
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)
End-User Outlook (Revenue, USD Billion; 2017-2027)
Home Care Settings
Hospitals and Clinics
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Some Key Highlights from the Report
The large proportion of surgical wounds in the wound type segment can be attributed to the increasing incidence of diabetic foot ulcers & pressure ulcers and post-operative surgical wounds. Surgical wounds extend the stay of the hospital, cause an enormous economic burden, and significantly impair the quality of life. The increasing number of surgeries due to trauma, accidents, and increasing chronic disease prevalence will boost the market over the forecast period.
Increasing hospital admissions due to chronic and increased incidence of hospital-acquired pressure ulcers are key market drivers for this end-user segment's growth. Furthermore, extended hospital stays of diabetes patients in this end-user segment further increases the demand for advanced wound care products.
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.
The market for North America is expected to hold the largest market share in the year 2019. The regional demand will be driven by the high and rising prevalence of chronic and acute wounds and an increasing number of surgeries. In addition, high awareness and adoption of advanced wound care devices will propel regional growth.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Advanced Wound Care market, including the global and regional analysis of the market. The study covers critical information and factual data about the Advanced Wound Care market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Advanced Wound Care market is expected to fare in the forecast timeline. The report utilizes Advanced Wound Care analytical tools to offer an estimation of the outlook of the global state of the Advanced Wound Care market industry.
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