Report Scope & Overview:
The Advanced wound care market is expected to grow at a 6 % CAGR from USD 9.96 billion in 2021 to USD 13.98 billion in 2028. The growing elderly population, the rising prevalence of diabetes, the high incidence of obesity, and the rising number of surgical procedures around the world are all driving market expansion.
Chronic wounds take longer to heal and cost more to treat. Advanced wound care is becoming more common as a treatment option for chronic wounds. Traditional wound care solutions are being phased out in favour of advanced wound care products, which are more efficient and effective at managing wounds and allowing for speedier healing.
The market will expand at a faster rate as the prevalence of diseases and ailments that impair wound healing capacity rises.
Advanced wound care products are available
Diabetes is becoming more common, and the senior population is growing.
The high price of chronic wound treatments and advanced wound care products may deter people from using them.
In traditional gauzes, which are frequently changed many times each day.
Advanced wound care products like dressings are normally updated
Emerging economies' potential for growth
The hazards associated with advanced wound care products, as well as a lack of understanding,
There will be a big issue for the advanced wound care business.
Impact of COVID-19
The COVID-19 virus has spread to nearly every country on the earth since its discovery in December 2019, causing the World Health Organization (WHO) to declare it a public health emergency. The impact of COVID-19 on the industry has been reported to be unfavourable since a big number of countries adopted lockdown to avoid community transmission of the virus. During the early days of the COVID-19 pandemic, the market faced a short-term disruption due to supply chain disruptions and a decline in non-urgent in-person clinic visits, which had a negative impact. Due to the rapid spread of the coronavirus, some manufacturers have been forced to halt their production and manufacturing processes. The risk of patients contracting COVID-19 infection in hospitals and other healthcare settings hampered market growth.
by Product the therapeutic devices sector may get the most market share. Furthermore, due to an increase in the frequency of chronic conditions such as diabetes and obesity, as well as a rise in demand for novel and advanced wound care products, this category is predicted to develop at the quickest rate during the forecast period.
by Application more revenue can be generated from the chronic wound segment. By end user Due to an increase in the number of operations conducted and a rising number of people preferring to visit hospitals for various instances such as surgical wounds, burns, and ulcers, hospitals accounted for the bulk of the advanced wound care market share. However, due to the availability of better facilities and treatments for wounded patients, the wound care centre category is predicted to grow at the fastest rate.
Diabetic Foot Ulcers
Venous Leg Ulcers
Surgical & Traumatic Wounds
Mölnlycke Health Care AB, ConvaTec Group PLC, Coloplast Corp, Medtronic, 3M, Derma Sciences Inc, smith & Nephew PLC, Medline Industries, Inc., smith & Nephew PLC, Baxter, and other players.
North America held the biggest market share, and this is likely to continue throughout the forecast period. Due to population growth and an increase in the geriatric population, it presents chances for key players in the advanced wound care market. Furthermore, the advanced wound care market in this region is predicted to grow due to an increase in healthcare expenditure and the creation of recommendations.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Advanced Wound Care Market Report Scope:
|Market Size in 2021||US$ 9.96 Bn|
|Market Size by 2028||US$ 13.98 Bn|
|CAGR||CAGR of 6 % From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product (Toothbrush, Toothpaste, Dental Accessories)
• By Type (Countertop, Cordless)
• By Application (Home, Dentistry)
|Regional Analysis/Coverage|| North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Mölnlycke Health Care AB, ConvaTec Group PLC, Coloplast Corp, Medtronic, 3M, Derma Sciences Inc, smith & Nephew PLC, Medline Industries, Inc., smith & Nephew PLC, Baxter, and other players.|
|Key Drivers||• Advanced wound care products are available
• Diabetes is becoming more common, and the senior population is growing.
|Challenges||• The hazards associated with advanced wound care products, as well as a lack of understanding,
• There will be a big issue for the advanced wound care business.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global advanced wound care market Segmentation, by Product
8.1 Foam Dressings
8.2 Hydrocolloid Dressings
8.3 Film Dressings
8.4 Alginate Dressings
8.5 Hydrogel Dressings
8.6 Collagen Dressings
9. Global advanced wound care market Segmentation, by Application
9.1 Chronic Wounds:
9.2 Diabetic Foot Ulcers
9.3 Pressure Ulcers
9.4 Venous Leg Ulcers
9.5 Acute Wounds:
9.6 Surgical & Traumatic Wounds
10. Global advanced wound care market Segmentation, By End-Use
10.2 Specialty Clinics
10.3 Home Healthcare
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1Smith & Nephew PLC
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Mölnlycke Health Care AB
12.3 ConvaTec Group PLC
12.5 Coloplast Corp.
12.8 Derma Sciences Inc.
12.9 Medline Industries, Inc.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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