Product Launch (Blog)

Jul, 21 2023

Advanced Wound Care Enhancing Lives and Healing with Precision

 

Advanced wound care encompasses a range of products designed to treat acute and chronic wounds, such as ulcers, burns, and post-operative wounds. These treatments, including film and foam dressings, hydrogels, alginates, and hydrocolloids, facilitate wound healing by maintaining a moist environment without hindering the natural healing process. The advanced wound care industry offers patients with chronic wounds convenient access to competitively priced products that can be utilized at their convenience, ensuring improved wound management and promoting healing.

According to Data Bridge Market Research, the Advanced Wound Care Market accounted for USD 9.4 billion in 2021 and is expected to reach USD 15.91 billion by 2029. The market is expected to grow with a CAGR of 6.80% in the forecast period of 2022 to 2029.

“Rising number of hospital visits for wound treatment boosts the market’s growth”

The increasing volume of hospital visits for wound treatment is expected to drive the demand for advanced wound care in the market. The growth of the hospital segment will be fuelled by higher healthcare expenditure aimed at improving patient care and the significant number of therapeutic procedures conducted in hospitals. Moreover, the rising incidence of hospital-acquired pressure ulcers is driving the need for improved wound care solutions, further augmenting the industry's value.

What restraints the growth of the advanced wound care market?

“High cost associated with advanced wound care products restraints the market’s growth”

The growth of the advanced wound care market is restrained by the high cost associated with advanced wound care products. These innovative products often come with a premium price tag, making them less accessible to specific patient populations and healthcare facilities. The cost factor creates barriers to adoption and limits market expansion. Advanced wound care efficacy and affordability become crucial to address this challenge and ensure sustainable growth in the market. Thus, the high cost of advanced wound care products is restraining the market’s growth.

Segmentation: Advanced Wound Care Market

The advanced wound care market is segmented on the basis of product type, wound type, wound class, end user and distribution channel.  

  • On the basis of product type, the advanced wound care market has been segmented into dressing, biologics, therapy device and others.
  • On the basis of wound class, the advanced wound care market has been segmented into class I, class II, class III and class IV.
  • On the basis of wound type, the advanced wound care market has been segmented into primary wound care and secondary wound care.
  • On the basis end user, the advanced wound care market has been segmented into hospitals, wound care centres, ambulatory centres, home healthcare, clinics and others.
  • On the basis of distribution channel, the advanced wound care market has been segmented into direct tenders and retail.

Regional Insights: North America dominates the advanced wound care market

North America dominates the advanced wound care market due to the increasing adoption of advanced technology and the introduction of new products. Furthermore, the rising prevalence of chronic wounds and the growing geriatric population will contribute to an enhanced growth rate in the market. These factors collectively drive the demand for advanced wound care solutions, fostering the expansion of the market in the region.

Asia-Pacific is expected to grow during the forecast period due to the accelerated growth rate of the market can be attributed to the presence of key market players and an increase in healthcare expenditure. These factors create a conducive market expansion environment and drive the industry's overall growth.

To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-advanced-wound-care-market

Recent Development

  • In April 2020, AxioBiosolutions has introduced MaxioCel, an advanced wound care innovation. This cutting-edge Chitosan-based wound dressing accelerates wound healing and offers pain management and scar improvement properties. MaxioCel takes wound healing to the next level with its maximum comfort and faster recovery benefits.

The Prominent Key Players Operating in the Advanced Wound Care Market Include:

  • 3M (U.S.)
  • Smith+Nephew (U.K.)
  • ConvaTec Group Plc (U.K.)
  • Coloplast Group (Denmark)
  • Mölnlycke Health Care AB (Sweden)
  • Integra LifeSciences (U.S.)
  • PAUL HARTMANN (Germany)
  • B. Braun Melsungen AG (Germany)
  • Cardinal Health, Inc. (U.S.)
  • Organogenesis Inc. (U.S.)
  • Misonix, Inc. (U.S.)
  • MIMEDX (U.S.)
  • Zimmer Biomet (U.S.)
  • Lohmann & Rauscher GmbH & Co. KG (Germany)
  • DeRoyal Industries, Inc. (U.S.)
  • Medline Industries, Inc. (U.S.)
  • Johnson & Johnson Private Limited (U.S.)
  • Baxter (U.S.)
  • Medtronic (Ireland)
  • Hollister Incorporated (U.S.)

Above are the key players covered in the report, to know about more and exhaustive list of advanced wound care market companies contact, https://www.databridgemarketresearch.com/contact

Research Methodology: Global Advanced Wound Care Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.


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