The Advanced Wound Care market report delivers comprehensive insights on the major developments unfolding in the industry. The global market is segmented on the basis of Product, Wound Type, End User, Geography, and provides in-depth research of the existing and upcoming market conditions.
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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Major Company Profiling in this Market:
- Smith & Nephew
- Acelity L.P.
- Braun Melsungen AG
- Integra Lifesciences Corporation
- MiMedx, Inc.
- Mölnlycke Health Care
- Paul Hartmann AG
- Cardinal Health, Inc.
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.
The global advanced wound care market by product was led by dressing segment. In 2017, the dressing segment held a largest market share of 46.8% of the advanced wound care market, by product. The dressing segment is expected to dominate the market in 2025 owing to the rising incidences of the people experiencing small and minute wounds due to the several physical activities. This segment is anticipated to witness the fastest growth rate during the forecast period, 2018 to 2025.
Wound Type Insights
The advanced wound care market by wound type is segmented into ulcers, burns, trauma, surgical, and diabetic foot. The surgical segment held the largest share of the market, by wound type. In addition, the surgical wound is also expected to grow at the fastest rate during the coming years owing to factors such as, rising number of surgical procedures, and increasing wounds due to the surgical procedures.
End User Insights
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.
Approvals and agreements were observed as the most adopted strategy in global advanced wound care industry. Few of the recent product launch and collaboration and others are listed below:
2018: In April, 2018, Kerecis proposed the study results in Symposium on Advanced Wound Care (SAWC) Spring meeting to be held April 25 to 28. Kerecis is exhibiting at booth 230 at the Charlotte Convention Center.
2017: In October, 2017, Integra LifeSciences Launches Integra SurgiMend PRS Meshed Collagen Matrix For Breast Reconstruction In Europe.
2016: In April 2016, Integra LifeSciences Announces Agreement With Vomaris Wound Care, Inc. To Commercialize VolTAC Antimicrobial Wound Dressing.Z
ADVANCED WOUND CARE – MARKET SEGMENTATION
- Film Dressings
- Hydrogel Dressings
- Foam Dressings
- Hydrocolloid Dressings
- Other Dressings
- Electrical Stimulation
- Pressure Relief Devices
- Hyperbaric Oxygen Equipment
- Negative Pressure Wound Therapy Systems
- Allografts and Xenografts
- Topical Agents
By Wound Type
- Diabetic Foot
By End User
- Hospitals & Clinics
- Ambulatory Care Centers
- Wound Care Centers
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The most vital key factors in the businesses have been elaborated to get thorough and accurate data of market dynamics. Rising needs and popularity of Advanced Wound Care Market sector is driving the flow of the market towards progress. In addition to this, it lists the factors which are restraining the growth of the market.
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