High Rise in Chronic Diseases Is The Major Driver of Global Advanced Wound Care Market

Global Advanced Wound Care Market Projected to Grow at a CAGR of 7.4% over the Forecast Period 2016-2024

With high incidences of chronic diseases such as skin infection and diabetes due to unhealthy lifestyle and other reasons are inclining the patients to focus towards advance treatments, which is thus estimated to be a major driving factor for the growth of global advanced wound care market. Moreover, increasing investment of the market players towards advancement in dressing for wounds has opened new growth opportunities in the market.

According to Goldstein Research, global advanced wound care market size is expected to reach USD 11.2 billion by 2024, growing at a compounded annual growth rate of 7.4% during the forecast period 2016-2024. Global advanced wound care market segmentation has been carried out on the basis of product type, application, end user and geography. Based on product type, dressing accounted for highest market share i.e. 50% of globally advanced wound care market share.

In the field of wound care, a healing approach is in trend i.e. negative pressure wound therapy. Increase in healthcare expenditure, and better focus on the development of cost-effective and disposable NPWT devices has led to the growth of negative pressure wound therapy market. Further, Global advanced wound care industry is estimated to be dominated by North America with a market share of 35.0% in 2016, which is followed by Europe advanced wound care market share, growing at a CAGR of 7.0% during the forecast period. Furthermore, Asia Pacific region shows huge opportunities, owing to high incidences of diabetes.

Market Segmentation

On the basis of our in-depth analysis, Global Advanced Wound Care Market can be segmented as follows:

Based on Product Type

  • Dressing
    • Foam Dressings
    • Film Dressings
    • Antimicrobial Dressings
    • Super Absorbent Dressings
    • Hydrogels Dressings
    • Alginates Dressings
    • Active Dressings
    • Other Dressings (Wound Contact Layers, Honey Dressing)
  • Active Wound Care
    • Skin substitutes
    • Growth Factors
    • Others (Allografts, Xenografts)
  • Therapy devices
    • Negative Pressure Wound Therapy
    • Pressure relief devices
    • Hyperbaric Oxygen Chambers (HBOT)
    • Wound Debridement devices
    • Physical Therapies

Based on Applications

  • Burns
  • Pressure ulcers
  • Diabetic ulcers
  • Venous leg ulcers
  • Arterial ulcers
  • Surgical Wounds

Based on End-User

  • Hospitals & Clinics
  • Ambulatory Services
  • Home Healthcare
  • Community Healthcare Services

By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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 “Global Advanced Wound Care Market Outlook 2024” contains the detailed overview of the global advanced wound care market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, application and end user.

Further, for the in-depth analysis, Global Advanced Wound Care Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as 3M Company, Medtronic plc, Organogenesis Inc., Smith & Nephew, Mölnlycke Health Care, Paul Hartmann, Covidien, ConvaTec, BSN Medical, Medline, B. Braun Melsungen, Systagenix Wound Management, Derma Sciences, Coloplast, Laboratoires Urgo, Johnson & Johnson, Spiracur Inc, Talley Group Limited, Devon Medical Product, Human Biosciences Inc., Cardinal Health, DeRoyal Industries Inc., DermaRite Industries LLC, MPM Medical Inc., Advanced Medical, Ethicon Inc., Baxter, Hollister Inc., Kinetic Concepts Inc., etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the globally advanced wound care market size along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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