The Market For Global Advanced Wound Care Market, Is Expected To Grow At CAGR 7.6% From 2017 To 2024.
Data Bridge Market Research new Insight’s on “Global Advanced Wound Care Market is projected to reach 20.7 billion by 2024, from USD 11.6 billion in 2016 growing at a CAGR of 8.9% during the forecast period of 2017 to 2024”.
The market is segmented By Type (Dressings, Biologics, Therapy Devices), By Wound Type (Surgical Wounds, Diabetic Ulcers, Pressure Ulcers, Venous Ulcers, Burns, Other Traumatic Wounds), By End Users (Hospitals, Wound Care Centers, Ambulatory Centers, Clinics, Community Healthcare, Home Healthcare), By Distribution Channel (Direct Tenders Public, Retail Private), By Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Global Advanced Wound Care Market: Recent Developments
Driving factors such as introduction of new and advanced wound care products along with tremendous support in the form of funds and grants from various government bodies across the globe are fueling the growth of this market. Technological advancements in wound care management, prevalence of obesity-related diseases such as diabetes, and increasing aging population are also contributing towards the growth of the global advanced wound care market.
In 2014, according to WHO statistics the prevalence for diabetes above the age of 18 years is 8.5% globally. The report contains the statistics for chronic diseases for all covered countries forecasted to 2022. Globally China, India and U.S. leads in the diabetic population, while in 2015 approximately 30% of medicare spending in wound care is due to diabetes, which is about USD 322 billion per year.
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Global Advanced Wound Care Market Categories: Segmentation
The global advanced wound care market is segmented on the basis of type, product type, application, end-user, distribution channel and geography.
On the basis of type the advanced wound care market is segmented into dressings, biologics and therapy devices.
The advanced wound care dressings market is further segmented on the basis of product type into foam dressings, film dressings, hydrogels, alginates, wound contact layers and super absorbent dressings. The advanced wound care biologics market segment is sub-segment into allografts, synthetic skin grafts, xenografts, and growth factors.
The Therapy devices segment is further classified on the basis of product type into NPWT devices, pressure relief devices, hyperbaric oxygen chambers (HBOT), wound debridement devices and physical therapies.
On the basis of application the advanced wound care devices market is segmented into surgical wounds, diabetic ulcers, pressure ulcers, venous ulcers, burns and others.
Based on end-users the market is segmented into hospitals, wound care centers, ambulatory centers, home healthcare, clinics, and community healthcare.
Global Advanced Wound Care Market: Geographic Segmentation
Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. In 2017, North America is expected to dominate the advanced wound care market with 39.2% market share followed by Europe and APAC. However the APAC region is expected to grow at the highest CAGR of 11.2% in the forecast period 2017 to 2024.
Global Advanced Wound Care Market: Company Share Analysis
The global advanced wound care market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes company share data for different geographies including Global, North America, Europe, APAC, South America and Middle East and Africa.
The global advanced wound care market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. Some of the major players operating in this market are 3M, Smith and Nephew, Medtronic, Acelity L.P., Inc., Becton Dickinson and Company, Molyncke Healthcare AB, Convatec, Inc., Baxter, Coloplast, Ethicon, Inc., Hollister Incorporated, Integra Lifesciences Corporation, Derma Sciences, Inc., Spiracur, Inc., Medline Industries, Mimedx, Inc., Organogenesis, Inc., Talley Group, BSN Medical, Devon Medical Products, Human Biosciences, Inc., Cardinal Health, B.Braun Melsungen AG and Paul Hartmann Limited among others.
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