Wound Care Management Market Report
The growth of the market is driven by the increasing incidences of diabetes and its prevalence and increasing wound ulcer prevalence.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Wound Care market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Wound Care market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
The global Advanced Wound Care Market is expected to reach USD 20.42 Billion by 2027, according to a new report by Emergen Research. The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management.
The rising geriatric population base at high risk of chronic wounds will support the demand for advanced wound care products. The rising pool of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide.
Key Highlights From The Report
The large proportion of surgical wounds in the wound type segment can be attributed to the increasing incidence of diabetic foot ulcers & pressure ulcers and post-operative surgical wounds. Surgical wounds extend the stay of the hospital, cause an enormous economic burden, and significantly impair the quality of life. The increasing number of surgeries due to trauma, accidents, and increasing chronic disease prevalence will boost the market over the forecast period.
Increasing hospital admissions due to chronic and increased incidence of hospital-acquired pressure ulcers are key market drivers for this end-user segment's growth. Furthermore, extended hospital stays of diabetes patients in this end-user segment further increases the demand for advanced wound care products.
The market for moist wound therapy is expected to grow at a CAGR of 9.5% during the forecast period. Factors that drive this segment's growth include the increasing incidence of diabetes-associated ulcers and increased demand for innovative and advanced wound dressings to treat such wounds.
The market for North America is expected to hold the largest market share in the year 2019. The regional demand will be driven by the high and rising prevalence of chronic and acute wounds and an increasing number of surgeries. In addition, high awareness and adoption of advanced wound care devices will propel regional growth.
Key participants include Smith & Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group, Coloplast, Integra LifeSciences, 3M, Cardinal Health, and Lohmann& Rauscher, among others.
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Product Type Outlook (Revenue, USD Billion; 2017-2027)
Moist Wound Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Other Wound Therapy Devices
Active Wound Care
Artificial Skin and Substitutes
Wound Type Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
Home Care Settings
Hospitals and Clinics
Regional Outlook (Revenue, USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Wound Care Market Definition
1.2. Wound Care Market Research Scope
1.3. Wound Care Market Methodology
1.4. Wound Care Market Research Sources
1.4.3. Paid Sources
1.5. Wound Care Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Wound Care Market Segmentation & Impact Analysis
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