Advance Wound Care: Effective and long-term care facilities for chronic wounds
According to Goldstein Research, “Rising adoption rate of advanced wound dressings such as antimicrobial wound dressings, gel dressings and paraffin impregnated gauze dressing for natural and moist wound healing are supporting the growth of advance wound care market across the globe. Continuous improvement in dressings such as antimicrobial dressings coated with DACC (a hydrophobic fatty acid) and hydrogel dressings with painkillers are likely to boost the demand for advance wound care products for effective healing in the near future.”
Global Based on application, surgical wounds segment accounted for approximately 45% of the global advance wound care market in 2016. However, high cost of advance wound care products are hindering the market growth in developing and under developed regions.advance wound care market is segmented on the basis of product type, by application and by end user.
Global advance wound care market is anticipated to reach over USD 20 billion by 2024 growing at a notable CAGR during the forecast period. Europe advance wound care market valued USD 3.69 billion in 2016 owing to the high growth potential of the market in countries such as Sweden, the UK, France and Germany. Favourable initiatives and reimbursement policies by European government are expected to propel the advance wound care market growth in the region.
Advance Wound Dressing Products: Scope for innovations
Over 40% of deaths recorded every year due to non-healing surgical wounds and thereby creating the need for the development of smarter and advance wound care products for effective healing. Companies are now focusing on developing advance wound dressing products which is expected to boost the growth of advance wound care market. Bengaluru based medical startup located in Bengaluru, Axio Biosolutions, are developing a smarter emergency wound haemostat for effective dressing. Other leading vendors such as Crawford Healthcare and Organogenesis Inc. have already introduced their advance dressing products based on biofilms.
Global Advance Wound Care Market 2024
The report contains detailed overview of the global advance wound care market in terms of market segmentation by product type, by application and by end user. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global advance wound care market also provides competitive outlook of some of the major players of global advance wound care market which includes profiling of companies such as 3M Company, Medtronic plc, Organogenesis Inc., Smith & Nephew, Mölnlycke Health Care, Paul Hartmann, Covidien, ConvaTec, BSN Medical, Medline, B. Braun Melsungen, Systagenix Wound Management, Derma Sciences, Coloplast, Laboratoires Urgo, Johnson & Johnson, Kinetic Concepts Inc., Spiracur Inc, Talley Group Limited, Devon Medical Product, Human Biosciences Inc., Cardinal Health, DeRoyal Industries Inc., DermaRite Industries LLC, Convatec Inc., MPM Medical Inc., Advancis Medical, Ethicon Inc., Baxter, Hollister Inc. and Kinetic Concepts. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global advance wound care market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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