IMARC Group has recently released a new research study “Advanced wound Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global advanced wound care market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 14.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.98% during 2023-2028.

What is a Advanced wound care ?

Advanced wound care refers to a standard treatment solution used to treat and manage chronic infections and complex wounds by removing dead and inflamed tissues. It involves the use of medicines, tools, and numerous products that aid in the treatment of both acute and chronic wounds, including burns, ulcers, and post-operative wounds.

Advanced wound care products made of silver and alginates are commonly used to drain excess fluid from wounds and protect them from infections. Some other popular products include hydrogels, hydrocolloids, film, and foam dressings. They help retain skin moisture and speed up internal and external wound healing by promoting the development of new body cells. As a result, advanced wound care solutions are gaining immense traction across the globe.

What are the key factors driving in the advanced wound care market?

The global advanced wound care market is primarily driven by the rising geriatric population and increasing prevalence of diabetic foot ulcers, pressure ulcers, and other chronic wounds. Moreover, the growing need for surgical procedures due to the increasing incidences of diabetes and obesity has augmented the demand for advanced wound care solutions as they help absorb necrotic tissues and promote the quick healing of surgical site infections. Additionally, the surging awareness about the benefits and efficiency of these products among the masses is positively influencing market growth.Besides this, the rising establishment of Ambulatory Surgical Centers (ASCs) that offer surgical care for organ transplantation, pain management, orthopedics, urology, restorative, and reconstructive surgeries has catalyzed the market growth.

 Furthermore, numerous technological innovations in advanced wound care products are propelling the market growth. Other factors, rapid improvements in healthcare infrastructure, an increasing number of patients, and increasing healthcare expenditures, are also anticipated to drive the market further.

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Who Are The Major Key Players in Advanced Wound Care Market?

3M Company, B. Braun SE (B. Braun Holding GmbH & Co. KG), Cardinal Health, Inc., Coloplast A/S, Convatec Group plc, Essity AB, Integra LifeSciences, Medline Industries, LP, Medtronic plc, Mölnlycke Health Care (Investor AB), Organogenesis Holdings Inc. and Smith & Nephew plc.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product:

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

Breakup by Application:

• Chronic Wounds
• Pressure Ulcers
• Diabetic Foot Ulcers
• Venous Leg Ulcers
• Arterial Ulcers
• Acute Wounds
• Burns and Trauma
• Surgical Wounds

Breakup by End User:

• Hospitals
• Community Health Service Centers

Regional Insights:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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