Wound Care Market By Product Type (Advanced Wound Closure: Haemostatic and Sealing Agent, Topical Tissue Adhesive, and Wound Closure Devices, Advanced Wound care: Moist Wound Dressings, Active Wound Care, and Therapy Devices), Application (Chronic Wounds and Acute Wounds) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

The global wound care market involves various products that help in healing and preventing infection. Wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take substantial time to heal. In the next few years the demand for wound care products room is expected to increase significantly in the emerging economies such as China and India. 

The product type studied for analyzing the overall wound care market are advanced wound closure and advanced wound care products. On the basis of application the wound care market is segmented into chronic wound care and acute wound care application. Market size and forecast for each of these segments for the period 2014-2022 are provided in this study along with respective CAGRs for the forecast period 2016-2022

Geographically, the wound care market is studied for the following regional markets:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • Rest of Asia-Pacific
• Latin America
• Middle East and Africa

Market size and forecast for these regional and country level markets are presented in this study for the period 2014-2022. Market growth rates for the forecast period 2016-2022 are also included in this report, considering 2015 as the base year. 

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global wound care market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global wound care market. This report concludes with company profiles section that highlights major information about the key players engaged in wound care market.

Based on the applications the global wound care market is segmented as follows:

• Chronic Wounds
  • Diabetic foot ulcers (DFU)
  • Pressure ulcer
  • Venous leg ulcer
  • Other chronic wounds
• Acute Wounds
  • Surgical & traumatic wounds
  • Burns

Wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take substantial time to heal. Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds. On the basis of application, the global wound care market has been broadly segmented into chronic wounds and acute wounds. The chronic wounds market is further segmented into diabetic foot ulcers (DFU), pressure ulcer, venous leg ulcer and other chronic wounds. The diabetic foot ulcers held the largest share in the chronic wounds market due to the rising cases diabetes globally. The acute wounds market is further segmented into surgical and traumatic wounds and burns. The surgical and traumatic wounds held the largest share in the acute wounds market are is expected to grow at a constant rate due to the rising number of surgeries globally, driving the surgical wound management market. Moreover, increase in the number of road accidents and traumatic injuries would cumulatively fuel the growth of the acute wounds market and hence the growth of global wound care market. Factors such as rising geriatric population, rising incidences of lifestyle related disease such as diabetes and technological advancements would drive the global wound care market during the forecast period.

For the purpose of this study, the global wound care market is categorized as follows:

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa

The geographical segmentation of the global wound care market comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. In base year 2015, North America accounted for the largest market in the wound care market due to the growing geriatric population susceptible for diabetes and other lifestyle related diseases. Moreover, rising volume of surgical procedures would also assist the wound care market in North America. Europe is the second largest market in the global wound care market due to the population prevalence of wounds being 4/1000 people in the region making it a lucrative market for wound care products. Asia Pacific is expected to grow at a highest rate during the forecast period due to the population growth in the region, developing healthcare infrastructure and growing reimbursement policies in the region. The growth of the wound care market in the region is likely to be centered on China, Japan, Malaysia, Australia and India over the forecast period.