The global revenue Share of advance wound care was valued at US$ 10 Bn in 2019 and is poised to expand 1.4x by 2030, to reach a value pool of almost US$ 15 Bn. The high prevalence of chronic wounds has leveraged the utilization of advanced wound care products. Wound cleansers, foam dressings, and honey dressings in hospitals are boosting revenue growth of the global advance wound care market. According to IDF, diabetic ulcers have shown a rapid increase in the last decade. IDF has stated that the prevalence of diabetic ulcers is growing by 9% annually.
The COVID-19 pandemic is set to leverage market prospects for advance wound care. Since its onset, the pandemic has infected nearly six million people, resulting in over 350,000 casualties. Patients with chronic conditions such as diabetes are especially vulnerable to infection. Therefore, taking care of such patients has become top priority. Leading manufactures such as ConvaTec Group plc, have accelerated the production of hydro fibers used to treat diabetic foot ulcers.
“Greater attention towards better relationship management with surgeons could lead to higher product penetration of advance wound care product in hospitals.” says the Fact.MR Analyst.
Key Takeaways of Global Advance Wound Care Market Study
- By product type, wound cleansers accounted for a prominent value share in the global advanced wound care market. This is primarily attributed to the growing need for wound cleansers prior to dressing.
- North America and Europe will collectively hold 70% of the global advanced wound care market share. East Asia and South Asia are anticipated to exhibit notable CAGR, owing to growing advance wound care manufacturing facilities in these regions.
- The hospitals segment end user dominated the global advance wound care market, attributed to high healthcare infrastructure and a large patient pool visiting hospitals.
- U.S. represents the most lucrative market, followed by Germany for Advanced Wound Care market. While, China is expected to witness significant growth due to convenience of use and affordability of advanced wound care products.
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Global Advanced Wound Care Market: Segmentation
Product Type
- Antimicrobial Gels
- Antimicrobial Powder
- Concentrated Surfactant
- Hydrogels Dressings
- Antimicrobial Hydrogel Dressings
- Non Antimicrobial Hydrogel Dressings
- Skin Protectants
- Wound Cleansers
- Semi-Permeable Films Dressings
- Semi-Permeable Antimicrobial Films Dressings
- Antimicrobial Bordered Film Dressings
- Antimicrobial Non Bordered Film Dressings
- Semi-Permeable Non Antimicrobial Films Dressings
- Non Antimicrobial Bordered Film Dressings
- Non Antimicrobial Non Bordered Film Dressings
- Semi-Permeable Antimicrobial Films Dressings
- Alginate Dressings
- Antimicrobial Alginate Dressings
- Non Antimicrobial Alginate Dressings
- Foam Dressings
- Antimicrobial Foam Dressings
- Antimicrobial Bordered Foam Dressings
- Antimicrobial Non Bordered Foam Dressings
- Non Antimicrobial Foam Dressings
- Non Antimicrobial Bordered Foam Dressings
- Non Antimicrobial Non Bordered Foam Dressings
- Antimicrobial Foam Dressings
- Hydrocolloid Dressings
- Antimicrobial Hydrocolloid Dressings
- Non Antimicrobial Hydrocolloid Dressings
- Collagen Dressing
- Antimicrobial Collagen Dressing
- Non Antimicrobial Collagen Dressing
- Contact Layer
- Antimicrobial Wound Contact Layers
- Non Antimicrobial Wound Contact Layers
- Honey Dressings
- Super Absorbent Dressings
- Antimicrobial Super Absorbent Dressings
- Non Antimicrobial Super Absorbent Dressings
- Compression System
- 2 Layer Compression System
- 3 Layer Compression System
- 4 Layer Compression System
- Unna Boots
- Tapes
End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
Regions
- North America
- Latin
- America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Following Questions Answers Covered in the Report are:
- How will the global Advanced Wound Care Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Advanced Wound Care Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Advanced Wound Care Market?
- How will these strategies influence the market growth and competition?
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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