Global Advanced Wound Care Market is expected to reach USD 22,088.6 million by 2024 from USD 11,683.5 million in 2016, at a CAGR of 8.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Segmentation:
Global Advanced Wound Care By Type (Dressings, Biologics, Therapy Devices),Wound Type (Surgical Wounds, Diabetic Ulcers, Pressure Ulcers, Venous Ulcers, Burns, Other Traumatic Wounds), End Users (Hospitals, Wound Care Centers, Ambulatory Centers, Clinics, Community Healthcare, Home Healthcare),Distribution Channel (Direct Tenders Public, Retail Private),Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa)
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Drivers:
Some of the major factors driving the growth of market for advanced wound care market, such as technological advancement, rising incidences of chronic wound, government support, rising geriatric population and increasing trend.
RISING GERIATRIC POPULATION
With our aging population, diseases that compromise skin integrity such as diabetes, skin breakdown with ulcer and chronic wound formation is a frequent consequence. Type of wounds includes pressure ulcers, surgical wounds, venous ulcers, traumatic wounds, arterial wounds, diabetic ulcers and chronic ulcers. There is a strong correlation between age and the incidence of diseases requiring wound products.
TECHNOLOGICAL ADVANCEMENT
Wounds are unique in as far as no disease other than wounds would have existed from the beginning of mankind. Over the years, the management of wounds, especially that of chronic wounds, have enormous social and economic implications worldwide. The increasing prevalence of chronic wounds is driving demand for products which better enhance quality of life and limit the risk of more serious health problems. As a result treatment and management is moving from traditional wound care products to more advanced offerings which provide an optimal healing environment. These advanced technologies include foam, alginates, gelling fibrous dressings and anti infective substances such as silver. Continuous advances made in the study of the wound, an ever-broadening understanding of the path physiology of wounds, and advanced technology in monitoring the response of healing has led to continuous developments in the treatment of different wounds.
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RISING INCIDENCES OF CHRONIC WOUND
Chronic wounds are rarely seen in individuals. In fact, chronic wound patients frequently suffer from “highly branded” diseases such as diabetes and obesity. Some of the most common types of wounds are Infectious wounds, Ischemic wounds, radiation poisoning wounds and surgical wounds. Ulcers is the most common type of chronic wounds, some of the most common types of ulcers are arterial ulcers, venous ulcers, diabetic ulcers and pressure ulcer. Tree of Chronic wound is growing steadily; it increases incidence of chronic wound in individuals. People are suffering from different type of wounds and ulcers.
GOVERNMENT SUPPORT
Wound healing is an inherent ability of an organism to protect itself against injuries. Government of every region support in the form of funding for advance wound care development, innovations and helps in increasing trend towards preventive healthcare. For instance, Willingsford a small British company is to receive government grant to develop its innovative wound treatment.
Major Players:
Some of the prominent players in the advanced wound care market are 3M, Smith and Nephew, Medtronic, Acelity L.P. INC, Molnlycke Healthcare AB, Convatec Inc, Baxter, Coloplast, Ethicon. Inc, Hollister Inc, Integra Life Sciences Corporation, Derma Sciences Inc, Spiracur Inc, Medline Industries, Mimedx Group, Organogenesis Inc, Talley Group, BSN Medical, Devon Medical Products, Human Biosciences Inc, B.Braun Melsungen AG, Cardinal Health, Paul Hartmann Limited, DeRoyal Industries Inc, DermaRite Industries LLC, MPM Medical Inc, Kinetic Concepts, Advancis Medical and many others.
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