Advanced Wound Care Market Analysis by Size, Share, Growth, Trends up to 2025

Publisher: The Insight Partners

Asia Pacific is the fastest geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. Asia Pacific market is driven by the factors such as to huge patient population, increases in the number of surgical procedures and rising number of wound care admit to hospitals and ambulatory care centers.

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Increasing Prevalence of Diabetes & Related Chronic Wounds

Diabetes is one of the largest global health emergencies of the 21st century. Each year more and more people live with this condition, which can result in life-changing complications. According to the International Diabetes Federation (IDF), in 2017, number of people with diabetes in North America was approximately 46 million which is expected to grow at 62 million in 2045. The increase in the disease prevalence is around 35% during the forecast period. Type 2 diabetes is the most prevalent form of diabetes and has increased alongside cultural and societal changes. In high-income countries up to 91% of adults with the disease have type 2 diabetes. As per the report of IDF, one in 11 adults have diabetes in 2015, and it will decrease to one in 10 adults till 2040.

Technological Advancement in Advanced Wound Care Products

Advanced wound care products are ideally preferred for the post-surgery wound treatment. In October 2017, Integra LifeSciences Holdings Corporation launched the Revize / Revize-X Collagen Matrix, for plastic and reconstructive surgery. The matrix is an expandable matrix which is offering up to double the initial coverage area once hydrated and fully expanded. Likewise, Acelity innovated the V.A.C.ULTA Therapy System in the U.S. in April 2017, The V.A.C.ULTA Therapy System, is latest generation negative pressure wound therapy (NPWT) system, which improve clinicians’ experiences by leveraging first-to-market connectivity technology.

ADVANCED WOUND CARE – MARKET SEGMENTATION

By Product

• Dressings
  • Film Dressings
  • Hydrogel Dressings
  • Foam Dressings
  • Hydrocolloid Dressings
  • Other Dressings
• Devices
  • Electrical Stimulation
  • Pressure Relief Devices
  • Hyperbaric Oxygen Equipment
  • Negative Pressure Wound Therapy Systems
  • Others
• Bioactives
  • Autografts
  • Allografts and Xenografts
  • Topical Agents
  • Others

By Wound Type

• Surgical
• Trauma
• Burns
• Ulcers
• Diabetic Foot
• Others

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The advanced wound care market by end user is segmented into hospitals & clinics, ambulatory care centers, wound care centers, and others. The hospitals & clinics segment is anticipated to grow at a CAGR of 5.1% during the forecast period. The segment is expected to drive market due to the advanced treatments offered by the hospitals and clinics are the first aid providers to the patients.

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