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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