Advanced Wound Care Market Analysis Report By Product, By Application, By End-use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

With reference to the report published, the global advanced wound care market size was prized by USD 6.5 billion in 2020. It is estimated to witness a 5.3% CAGR from 2021 to 2028.

Drivers

The rising number of ambulatory surgical centers, an increasing number of surgical treatments, the growing frequency of chronic wounds, and demand for dropping hospital stay, throughout the world, are estimated to advance the expansion of the market for advanced wound care, for the duration of the forecast period.

The increasing incidences of chronic wounds are one of the important factors, causing the growth in demand for the advanced wound care products. The bandage is necessary for the curing of chronic wounds comprises hydrocolloid, gauze, foam dressings, hydrogel as well as films. Additionally, advanced wound care products having alginates and silver are, moreover, used for takeout surplus liquid from wounds and shield it from the possible contamination. These products include substances similar to hormones. These factors are also considered as the enlargement features.

The globally increasing number of accidents on the road is moreover expected to impel the market growth, during the period of the forecast. Majorly, advanced wound care products are utilized for the covering and speedy curing of the injuries, sourced by the accident. Hence, these issues are estimated to enhance the expansion of the market. Furthermore, the rising frequency of accidents for example burns and trauma actions, road accidents, all over the world, are estimated to propel the growth.

Effect of Covid-19

Due to the increasing infection of Covid-19, the fear about the scarcity of necessary life saving apparatuses, as well as additional crucial remedial provisions, so as to avert the distribution of this pandemic, as well as offer the best possible care to the infected patients moreover broadens. The ventilators performs such as the fundamental preference of the treatment for the Covid-19 patients, those might need essential treatment. Furthermore, there is an earnest requirement for speeding up the procedure of manufacturing a variety of test kits.

Application Insight

Based on the type of application, the acute wound sector retained the principal revenue share of 60.0% and led the advanced wound care market, in 2020. This can be credited to the increasing number of surgical procedures and rising complaints of burns and trauma. As stated by the WHO, burn wound sources roughly 180,000 casualties each year. It further states that the majority of these cases happen in middle and low-earnings nations. Roughly USD 26.00 million is exhausted, each year, for the medication of injury happening from kerosene fired cooking stove, in South Africa.

The chronic wounds sector is expected to observe the highest enlargement speed, throughout the forecast period. The rising cases of chronic sicknesses, particularly diabetes, plus the increasing elderly populace are the most important factors, influential for the expansion of the division.

Product Insight

On the basis of the product, the moist wound care sector held the major 59.2% revenue share in 2020, and led the advanced wound care market. Moist wound care assists in the speedy curative of the wound. These wound care generate and preserve a humid situation, all over the wound, that advances the curing. Mainly, moist wound care is suggested for chronic wounds like diabetic ulcers, pressure ulcers, and additional sluggishly healing wounds. Collagen dressings, alginate, hydrocolloid, hydrogel, film, and foam are the types included in the moist wound dressing.

The antimicrobial wound care division is likely to observe the best ever development scale, during the forecast period. These dressing covers are utilized to change the wound bed bioburden. Majorly, antimicrobial wound care is specified for the fractional and full-thickness wound, like per coetaneous line place and surgical opening. These products are presented in various materials such as impregnated woven gauzes, film care, nylon fabric, sponges, island care, otherwise a mixture of special materials.

End-Use Insight

On the basis of end-use, the hospital sector held the major revenue share of 45.1% and took over the advanced wound care market, in 2020. This can be credited to rising cases of venous leg ulcers as well as diabetic foot ulcers. Besides, the growing cases of surgical wounds owing to the increasing number of surgical treatments are, furthermore, powering the expansion of the sector. Normally, advanced wound care dressings are utilized for curing SSI wounds. Therefore, such issues can raise the enlargement of the sector, throughout the forecast period.

The home healthcare section is expected to observe the highest enlargement, throughout the forecast period. The expansion of the division is credited to the increasing demand for abridged hospital-stay and extended revival periods of chronic wounds. These wounds need regular exchange of dressings. Also, elderly patients and the populace, suffering from chronic wounds, have a preference for the homecare above hospital stay.

Regional Insight

The advanced wound care market, in the Asia Pacific, is projected to observe the highest development, during the forecast period. The existence of nations like India, China, and Japan, is expected to increase the expansion of the market, within the region. Besides, the key companies are continuously trying to enter the untouched areas of Asia Pacific. Sequentially, it is expected to impel the market growth within the region, for the duration of the forecast.

North America held the biggest revenue share of 45.3% and led the global market in 2020. This supremacy can be credited to the features like the attendance of some major companies within the region, growing sports injuries, as well as road accidents. Besides, immensely developed healthcare infrastructure and the existence of sufficient capable specialists are the factors, moreover anticipated to power the market, during the forecast period.

Companies

The major companies are adopting the policies such as, new product presentation; mergers & acquisitions along with the joint ventures, to make stronger their grip in the market. For example, Smith and Nephew PLC got hold of Osiris Therapeutics, Inc., in April 2019, with a plan to speed up the enhancement of its product range for advanced wound management. The proposal was expected to increase its consumer base.

Some of the companies for the advanced wound care market are:

• Medline Industries, Inc.
• 3M
• Coloplast Corporation
• ConvaTec Group PLC
• Molnlycke Health Care AB
• Derma Sciences Inc. (Integra Life Sciences)
• Medtronic
• Baxter
• Acelity
• Smith & Nephew PLC

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global advanced wound care market report on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)
    • Moist Wound Care
        • Foam Dressings
        • Hydrocolloid Dressings
        • Film Dressings
        • Alginate Dressings
        • Hydrogel Dressings
        • Collagen Dressings
        • Other Advanced Dressings
    • Antimicrobial Wound Care
        • Silver
        • Non-silver
    • Active Wound Care
        • Biomaterials
        • Skin Substitute

• End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • Hospitals
    • Specialty Clinics
    • Home Healthcare
    • Others

• Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Chronic Wounds
        • Diabetic Foot Ulcers
        • Pressure Ulcers
        • Venous Leg Ulcers
        • Others
    • Acute Wounds
        • Surgical and Traumatic Wounds
        • Burns

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Netherlands
        • Sweden
        • Spain
    • Asia Pacific
        • Japan
        • China
        • India
        • Australia
        • South Korea
        • Taiwan
        • Vietnam
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)
        • South Africa
        • Saudi Arabia