Press Release

Jul, 20 2023

Healing Innovations through Advancing Wound Care Solutions for Improved Patient Outcomes

The advanced wound care market is witnessing a significant growth driven by several factors. Technological advancements in wound care products, increasing healthcare expenditure, favorable government initiatives, and the expanding geriatric population contribute to market growth. The demand for advanced wound care solutions is expected to continue rising, addressing the complex challenges of chronic wound management and improving patient outcomes.

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Data Bridge Market Research analyses that the Advanced Wound Care Market is expected to grow at a value of USD 9.4 billion in 2021 and is expected to reach USD 15.91 billion by 2029, registering a CAGR of 6.80% during the forecast period of 2022 to 2029. There is a growing awareness among healthcare providers and patients about the importance of proper wound care management. This increased focus on wound care drives the demand for advanced wound care products and treatments.

Key Findings of the Study

Advanced Wound Care Market

Increasing surgical procedures is expected to drive the market's growth rate

The increasing number of surgical procedures, including complex surgeries and invasive treatments, has driven the demand for advanced wound care products. These products play a crucial role in post-operative wound management and healing by providing optimal conditions for wound recovery, minimizing complications, and promoting faster healing. The need for effective wound care solutions in surgical settings has led to the development and adoption of advanced wound care products tailored to meet the specific requirements of post-operative wounds, driving the growth of the market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022-2029

Base Year

2021

Historic Years

2020 (Customizable to 2014-2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Dressing, Therapy Device, Biologics, Others), Wound Type (Primary Wound Care, Secondary Wound Care), Wound Class (Class I, Class II, Class III, Class IV), End User (Hospitals, Wound Care Centres, Ambulatory Centres, Home Healthcare, Clinics, Others), Distribution Channel (Direct Tenders, Retail)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

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.) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

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 is classified into dressing, biologics, therapy devices, and others. The dressing segment is expected to dominate the advanced wound care market with a CAGR of 4.7% due to essential supplies for managing wounds. By acting as an infection barrier, preserving moisture balance, facilitating granulation, and offering a protective covering for different types of wounds, they aid in the healing process in the forecast period of 2022-2029.

In 2022, the dressing segment of the product type segment is anticipated to dominate the advanced wound care market

In 2022 the dressing segment of this market will dominate the advanced wound care market owing to essential products for wound management. They promote healing by providing a barrier against infection, maintaining moisture balance, facilitating granulation, and offering a protective covering for various types of wounds with a CAGR of 4.7% in the forecast period of 2022-2029.

  • On the basis of wound class, the global advanced wound care market is classified into class I, class II, class III and class IV. Class III segment is expected to dominate the market with of 5.9% market share due to their complex nature and potential impact on patient safety. They undergo rigorous regulatory scrutiny and clinical evaluation, ensuring their effectiveness, safety, and reliability in addressing critical medical conditions in the forecast period of 2022-2029.
  • On the basis of wound type, the global advanced wound care market is classified into primary wound care and secondary wound care. The primary wound care segment is expected to dominate the market with a CAGR of 7.9% as it is regarded as the initial step in wound care and is crucial to wound management.
  • On the basis of end user, the advanced wound care market is classified into hospitals, wound care centers, ambulatory centers, home healthcare, clinics and others. Hospitals segment is expected to dominate the market with a CAGR of 7.1% as a higher number of patients prefer to visit hospital for a variety of conditions like surgical wounds, burns, ulcers, and other.

In 2022, the hospitals segment is projected to hold the largest share of end user segment in the advanced wound care market

In 2022, the hospitals segment holds maximum market share as the various conditions such as surgical wounds, burns, ulcers, and other, a higher no. of patients prefer to visit hospital. The hospital segment is growing with a CAGR of 7.1% in the forecast period of 2022-2029

  • On the basis of distribution channel, the global advanced wound care market is classified into direct tenders and retail. The direct tenders segment is expected to dominate the market with a CAGR of 7.1% due to their efficiency and transparency. Direct procurement through tenders allows businesses to directly engage with suppliers, negotiate favorable terms, and ensure cost-effectiveness while maintaining control over the procurement process and quality assurance in the forecast period of 2022-2029.

Major Players

Data Bridge Market Research recognizes the following companies as the major advanced wound care market players in advanced wound care market are 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)

Advanced Wound Care Market

Market Development

  • In April 2020, AxioBiosolutions had launched MaxioCel Cutting-Edge Innovation in advance wound care. The next generation Chitosan-based wound dressing shows pain management and scar improvement properties, putting wound healing in overdrive with maximum comfort and faster recovery.
  • In 2020, ConvaTech had announced the launch of ConvaMax. ConvaMaxTM superabsorber wound dressing is used to treat oozing wounds such as leg ulcers, pressure ulcers, diabetic foot ulcers, and surgical wounds that have been dehisced.
  • In 2020, Smith+Nephew had announced the launch of PICO 14 single use negative pressure wound therapy system in U.S. The PICO sNPWT dressing features a patented AIRLOCK Technology layer that provides sufficient NPWT throughout a surgical incision and the surrounding injury zone uniformly and reliably.
  •  In 2020, Baxter had announced the launch of Peri-Strips Dry with Veritas Collagen Matrix (PSDV) known as PSDV with Secure Grip for surgical procedures. In comparison to the previous version and another staple line strengthening product, this new generation of PSDV is two times faster to prepare.
  • In 2020, Baxter had acquired Seprafilm Adhesion Barrier from Sanofi. The Seprafilm product family is used as an adjuvant in certain pelvic and abdominal procedures to reduce adhesions' occurrence, extent, and severity.
  • In 2021, Medline had launched a series of chronic wound care courses designed to improve the clinical knowledge of chronic wounds. This initiative will help in creating in creating awareness regarding wound care amongst the population.

Regional Analysis

Geographically, the countries covered in the advanced wound care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in the advanced wound care market during the forecast period 2022-2029

North America's dominance in the advanced wound care market can be attributed to several factors. The region showcases a high adoption rate of advanced technologies and is at the forefront of innovation in wound care products. With a focus on research and development, North America consistently introduces new and advanced products to address the needs of patients. This continuous product innovation, coupled with a favorable regulatory environment, contributes to North America's leading position in the advanced wound care market.

Asia-Pacific is estimated to be the fastest growing region in the advanced wound care market in the forecast period 2022-2029

Asia-Pacific is poised for growth in the topical corticosteroids market due to the significant presence of major market players in the region. These key players contribute to market expansion through their extensive distribution networks and product portfolios. Additionally, the rising level of healthcare expenditure in Asia-Pacific enables improved access to healthcare services, including dermatological treatments. This increased investment in healthcare infrastructure and services fuels the growth rate of the topical corticosteroids market in the region.

For more detailed information about the advanced wound care market report, click here – https://www.databridgemarketresearch.com/ru/reports/global-advanced-wound-care-market


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