Global Advance Wound Care Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Healthcare Date : August 10th, 2018
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The global advance wound care market was valued at USD 6,937 million in 2017, and is expected to reach USD 10,161 million by 2024, at a CAGR of 5.6% during 2018-2024. The growth can be primarily attributed to the increase in old age population, growing number of surgeries across the globe, and increasing adoption of advanced wound care products. Moreover, growing number of diabetic patients, and increasing incidences of burn and road accident cases are further boosting the market growth.The years used for the assessment are as follows;

Historical year: 2014, 2015, and 2016

Base year: 2017

Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total advance wound care market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global advance wound caremarket
  • Finalizing the overall size and share of the global advance wound care market

OBJECTIVES:

  • To analyze market trends, opportunities, drivers, and restraints associated with the global advance wound care market
  • To study market response with respect to the mergers and acquisitions in the industry
  • To profile key companies operating in the advance wound care market and provide their competitive landscape

MARKET SCOPE

The research scope for advance wound care market is as follows:

By Type

  • Wound Therapy Device
    • Oxygen & Hyperbaric Oxygen Equipment
    • Electrical Stimulation Device
    • Negative Pressure Wound Therapy (NPWT) Device
    • Other
  • Active Wound Care Product
    • Topical Agents
    • Skin Substitutes
  • Moist Wound Dressings
    • Alginate Dressing
    • Hydrogel Dressing
    • Collagen Dressing
    • Silver Wound Dressings
    • Foam Dressing
    • Hydrocolloid Dressing
    • Film Dressing

By Application

  • Arterial Ulcer
  • Burns
  • Diabetic Foot Ulcer
  • Pressure Ulcer
  • Surgical Wounds
  • Venous Leg Ulcer
  • Other

By End-user

  • Inpatient Facilities
  • Outpatient Facilities

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The advance wound care products such wound therapy devices, advanced wound dressing, and active wound care products are used in the treatment of surgical and chronic wounds, ulcers and burns. These products are used in both outpatients and inpatients facilities to treat chronic wounds. There has been a steady improvement in the wound dressing and wound-healing technologies. Wound healing technologies provide healing for various types of wound conditions. The wound dressing technologies are used for drug delivery, to treat various conditions such as anti-inflammatory, antimicrobial dressings, and analgesic dressings. Wound dressing involves the use of various types of materials including wool, cotton, bandages, gauzes among others. This is still the common approach to use in the treatment of wounds and is most commonly used in surgical procedures.

Factors driving the market growth are; increase in old age population, growing number of surgeries across the globe, and increasing adoption of advanced wound care products. Moreover, growing number of diabetic patients, and increasing incidences of burn and road accident cases are further boosting the market growth.

Geographically, North America held the largest share of the market in 2017. The growth in the region is attributed to the growing number of diabetic patients, rising obesity rates and increasing incidences of burn injuries. Moreover, advancements in wound treatment such as biological skin substitutes, compression therapy, hyperbaric oxygen therapy, and negative pressure wound therapy is also boosting the market growth in the region.  Europe held the second largest share of the global advance wound care market in 2017. An estimated 1.0-1.4 million of the European population have diabetic foot ulcers. The demand of advance wound care products will continue to grow during the forecast period due to growing ageing population and growing number of chronic wound diseases.  The growth of advance wound care market in Asia-Pacific region is attributed to increasing number of burn injuries and road accidents.

Some of the key companies operating in the market include Cardinal Health, 3M Company, BSN medical GmbH, DeRoyal Industries, Inc, Vivostat A/S, Lohmann& Rauscher GmbH & Co. KG, Advanced Medical Solutions Group plc, LifeScience PLUS Inc, MiMedx Group, Inc, TRIAGE MEDITECH PVT. LTD., LifeNet Health., among others .

Advnce Wound Care Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Advanced Wound Care- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global advanced wound care market

3.4. Value chain analysis

3.5. Market opportunities & trends

        3.5.1. Technological advancements in advance wound care products

3.6. Market dynamics

3.6.1. Market driver analysis

   3.6.1.1. Growing number of diabetic patients across the globe

   3.6.1.2. Increase in old age population

   3.6.1.3. Increasing adoption of advanced wound care products

   3.6.1.4. Increasing incidences of burn and road accident cases

   3.6.1.5. Growing number of surgeries across the globe

3.6.2. Market restraint analysis

           3.6.2.1. High cost of products

3.6.3. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive analysis

4.2. Competitive factors

4.3. Company market share analysis

4.4. Strategies adopted

CHAPTER 5. Global Advanced Wound Care Market Size and Forecast (2014 – 2024)

5.1. Global Advanced Wound Care Market, By Type (USD Million)

5.1.1. Wound Therapy Device

  5.1.1.1. Oxygen & Hyperbaric Oxygen Equipment

  5.1.1.2. Electrical Stimulation Device

  5.1.1.3. Negative Pressure Wound Therapy (NPWT) Device

  5.1.1.4. Other

5.1.2. Active Wound Care Product

  5.1.2.1. Topical Agents

  5.1.2.2. Skin Substitutes

5.1.3. Moist Wound Dressings

  5.1.3.1. Alginate Dressing

  5.1.3.2. Hydrogel Dressing

  5.1.3.3. Collagen Dressing

  5.1.3.4. Silver Wound Dressings

  5.1.3.5. Foam Dressing

  5.1.3.6. Hydrocolloid Dressing

  5.1.3.7. Film Dressing

5.2. Global Advanced Wound Care Market, By Application (USD Million)

5.2.1. Arterial Ulcer

5.2.2. Burns

5.2.3. Diabetic Foot Ulcer

5.2.4. Pressure Ulcer

5.2.5. Surgical Wounds

5.2.6. Venous Leg Ulcer

5.2.7. Other

5.3. Global Advanced Wound Care Market, By End-user (USD Million)

5.3.1. Inpatient Facilities

5.3.2. Outpatient Facilities

CHAPTER 6. Global Advanced Wound Care Market Size and Forecast, By Geography (2014-2024)

6.1. North America Advanced Wound Care Market

6.1.1. North America Advanced Wound Care Market, By Type (USD Million)

6.1.2. North America Advanced Wound Care Market, By Application (USD Million)

6.1.3. North America Advanced Wound Care Market, By End-user (USD Million)

6.1.4. North America Advanced Wound Care Market, By Country (USD Million)

  6.1.4.1. US

  6.1.4.2. Canada

6.2. Europe Advanced Wound Care Market

6.2.1. Europe Advanced Wound Care Market, By Type (USD Million)

6.2.2. Europe Advanced Wound Care Market, By Application (USD Million)

6.2.3. Europe Advanced Wound Care Market, By End-user (USD Million)

6.2.4. Europe Tube Market, By Country (USD Million)

  6.2.4.1. Germany

  6.2.4.2. Italy

  6.2.4.3. France

  6.2.4.4. U.K.

  6.2.4.5. Russia

  6.2.4.6. Rest of Europe

6.3. Asia-Pacific Advanced Wound Care Market

6.3.1. Asia-Pacific Advanced Wound Care Market, By Type (USD Million)

6.3.2. Asia-Pacific Advanced Wound Care Market, By Application (USD Million)

6.3.3. Asia-Pacific Advanced Wound Care Market, By End-user (USD Million)

6.3.4. Asia-Pacific Advanced Wound Care Market, By Country (USD Million)

   6.3.4.1. China

   6.3.4.2. India

   6.3.4.3. Japan

   6.3.4.4. Australia

   6.3.4.5. Rest of Asia-Pacific

6.4. Rest of the World (RoW) Advanced Wound Care Market

6.4.1. Rest of the World (RoW) Advanced Wound Care Market, By Product Type (USD Million)

6.4.2. Rest of the World (RoW) Advanced Wound Care Market, By Application (USD Million)

6.4.3. Rest of the World (RoW) Advanced Wound Care Market, By End-use (USD Million)

6.4.4. Rest of the World (ROW) Advanced Wound Care Market, By Region (USD Million)

   6.4.4.1. Brazil

   6.4.4.2. Rest of the World

CHAPTER 7. Key Players and Strategic Developments

7.1. Cardinal Health

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. 3M Company

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. BSN medical GmbH

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. DeRoyal Industries, Inc

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Vivostat A/S

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Lohmann & Rauscher GmbH & Co. KG

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Advanced Medical Solutions Group plc

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. LifeScience PLUS Inc

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. MiMedx Group, Inc

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. TRIAGE MEDITECH PVT. LTD.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. LifeNet Health.

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

Global Advance Wound Care Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024