According to the report North America Wound Care Management Devices Industry, published by Market Data Forecast, The Industry was worth $5.94 billion in 2016 and estimated to be growing at a CAGR of 3.1%, to reach $6.92 billion by 2021.
North America presently dominates the Industry for wound care management devices and is estimated to sustain its strong hold for a few more years. Numerous players in this Industry are trying to enlarge their product portfolio in order to top the global Industry. As few companies are entering into the Industry by acquisitions, top companies are increasing their growth in this Industry by acquiring other companies. Few companies adopted product improvement and new product launches as its main business strategy to certify its dominance in this Industry.
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Increase in chronic wounds and ulcers, rising incidence of diabetes, aging population, increasing awareness about new technologies for wound care and government support in the form of funding are driving the growth of the wound care Industry. Though, high cost of technically superior products for wound care and lack of proper refund policies are the main challenges faced by the wound care management device Industry.
The North America Wound Care Management Devices Industry is segmented on the basis of product into Advanced Wound Management Products, Surgical Wound Care and Traditional Wound Care. Advanced Wound Management Products are segmented into advanced wound dressings, Therapy devices and Active wound care. Advanced wound dressings segment is further segmented into foam dressings, hydrocolloid dressings, alginate dressings, hydrogel dressings and collagen dressings. Therapy devices is sub segmented into negative pressure wound therapy, pressure relief devices, oxygen and hyperbaric oxygen devices and electrical stimulation devices. Active wound care segment is divided among artificial & skin substitutes and topical agents. On the basis of type of wound, the Industry is bifurcated among chronic wounds, acute wounds, surgical & traumatic wounds and burns. Based on end users Industry is divided among hospitals, clinics and home care settings.
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Based on geography the Industry is analysed under various countries namely, USA and Canada. USA leads the wound care management devices Industry followed by Canada.
The prominent players in the wound care Industry are Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mölnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland), Ethicon Inc. (U.S.), Derma Sciences Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), and Smith & Nephew (U.K.).
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Key Points from Table of Contents
Overview
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
North America Wound Care Management Devices Industry: Segmentation
- Product
- Advanced Wound Management Products
- Surgical Wound Care
- Traditional/Basic Wound Care
- Type of Wound
- Chronic Wounds
- Acute Wounds
- Surgical & traumatic wounds
- Burns
- End User
- Hospitals
- Clinics
- Home Care Settings
Geographical Analysis
- United States
- Canada
Strategic Analysis
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders’ Analysis
Competitive Landscape
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