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Advanced Wound Care Market

Advanced Wound Care Market Size, Share & Segmentation by Product (Toothbrush, Toothpaste, Dental Accessories), by Type (Countertop, Cordles), by Application (Home, Dentistry), and by Region | Global Market Forecast 2023-2030

Report Id: SNS/HC/1006 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Advanced wound care market is expected to grow at a 6 % CAGR from USD 10.55 billion in 2022 to USD 16.82 billion in 2030. 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.

Advanced wound care market

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.

Market dynamics

Drivers

  • 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.

Restraints

  • 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

Opportunities

  • Emerging economies' potential for growth

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.

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.

Market Estimation

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.

Market Segmentation:

By Product

  • Foam Dressings

  • Hydrocolloid Dressings

  • Film Dressings

  • Alginate Dressings

  • Hydrogel Dressings

  • Collagen Dressings

  • Other

By Application

Chronic Wounds:

  • Diabetic Foot Ulcers

  • Pressure Ulcers

  • Venous Leg Ulcers

  • Other

Acute Wounds:

  • Surgical & Traumatic Wounds

  • Burns

By End-use

  • Hospitals

  • Specialty Clinics

  • Home Healthcare

  • Others

Advanced wound care market

Key players

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.

Regional analysis

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.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The 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

Advanced Wound Care Market Report Scope:

Advanced Wound Care Market Report Scope:
Report Attributes Details
 Market Size in 2022  US$ 10.55 Bn
 Market Size by 2030  US$ 16.82 Bn
 CAGR   CAGR of 6 % From 2023 to 2030
 Base Year  2022
 Forecast Period  2023-2030
 Historical Data  2020-2021
 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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

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

8.7 Other

 

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

9.7 Burns

 

10.  Global advanced wound care market   Segmentation, By End-Use

10.1 Hospitals

10.2 Specialty Clinics

10.3 Home Healthcare

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2  Canada

11.2.3  Mexico

11.3     Europe

11.3.1  Germany

11.3.2  UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4     Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5     The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6     Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1Smith & Nephew PLC

12.1.1 Financial

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

12.4 Baxter

12.5 Coloplast Corp.

12.6 Medtronic

12.7  3M

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

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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Secondary Research

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