Advanced Wound Care Market by Product, Therapy Devices, NPWT, Autograft, Allograft, Xenograft), Wound, End User - Global Forecast to 2022

Wednesday, November 8, 2017 Research News
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"The global advanced wound care market projected to grow at a CAGR of 4.6% during the forecast period."

NEW YORK, Nov. 7, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05181601

The

global advanced wound care market is expected to reach USD 13.07 billion by 2022 from USD 10.43 billion in 2017. Factors driving the growth of this market include the increasing prevalence of diabetic foot, pressure ulcers, venous leg ulcers, and other chronic wounds; increasing geriatric population; surging R&D activities in the field of wound care research; development of advanced wound care products; and increasing awareness programs for wound care treatment and management. On the other hand, the growth of this market is hindered to some extent due to the high cost of chronic wound treatment.

"The active wound care segment expected to grow at the fastest rate during the forecast period."

The active wound care segment is anticipated to grow at the highest CAGR during the forecast period. The active wound care market is expected to witness growth during the forecast period owing to the rising geriatric population, increasing prevalence of diabetes and obesity, growing awareness of active wound products, and the increasing number of seniors living in long-term care facilities.

"The ulcers segment is anticipated to grow at the fastest growth rate during the forecast period."

By wound type, the market is categorized into surgical wounds, ulcers, traumatic wounds, burns, and other wounds. The ulcers segment is estimated to grow at the fastest rate during the forecast period. Factors such as the rising incidence of pressure ulcers, diabetic foot ulcers, and venous ulcers and increasing geriatric population are the key factors driving the growth of this segment.

"The home healthcare segment is estimated to grow at a rapid rate during the forecast period."

By end user, the advanced wound care market is segmented into hospitals and clinics, home care settings, and other end users. The home healthcare segment is expected to grow the fastest rate during the forecast period. The rapid growth in the aging population and rising incidence of chronic diseases are driving the demand for wound care products in this end-user segment. The need for advanced wound care products is especially high where surgical interventions, especially for orthopedics, vascular diseases, endoscopic surgeries, dermatological ulcers, bedsores, and burns, are involved. The increasing volume of surgical procedures and the need to control soaring healthcare costs are expected to increase the use of single-use disposable and portable systems such as negative pressure wound therapy (NPWT) that are used in home care settings.

"Asia Pacific is estimated to grow at the highest CAGR during the study period."

Geographically, the advanced wound care market is dominated by North America, followed by Europe in 2017. The Asia Pacific region is estimated to grow at the fastest rate which can be attributed to the large population in China and India, increasing research in wound care, and increasing penetration of key players in the emerging markets of Asia Pacific.

The primary interviews conducted for this report can be categorized as follows:

• By Company Type - Tier 1 – 62%, Tier 2 – 28%, and Tier 10

• By Designation – C-level – 62%, Director-level – 21%, and Others – 17%

• By Region – North America – 30%, Europe – 20%, Asia Pacific – 40%, and RoW – 10%

The key players in the advanced wound care market are Smith & Nephew (UK), Mφlnlycke Health Care (Sweden), B. Braun (Germany), ConvaTec Group (US), Coloplast (Denmark), Integra LifeSciences (US), 3M Company (US), Cardinal Health (US), Acelity L.P. (US), Medtronic (US), MPM Medical (US), PAUL HARTMANN (Germany), Medline Industries (US), Lohmann & Rauscher (Germany), Advanced Medical Solutions Group (UK), BSN medical GmbH (Germany), Wound Care Technologies (US), Vivostat A/S (Denmark), Organogenesis (US), Hematris Wound Care (Germany), Alliqua BioMedical (UK), MiMedX Group (US), Triage Meditech (India), DeRoyal Industries (US), and Laboratoires URGO (UK).

Research Coverage:

The report analyses the advanced wound care market by product, wound type, end user, and region. Apart from comprehensive geographic & product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles include product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market. Market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the market.

Key benefits of buying the Report:

This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies for strengthening their market shares.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the advanced wound care market

• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the advanced wound care market

• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the advanced wound care market

• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various advanced wound care products across geographies

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the advanced wound care market

Read the full report:

https://www.reportlinker.com/p05181601

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