The market for Wound Care Market is expected to reach USD$ XX in 2022.
The global wound care market involves various products that aid in healing and preventing infection. Wound care and closure and advanced wound care and closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take a substantial amount of time. In the next few years, the demand for wound care products will increase significantly in emerging economies such as China and India.
The product types studied for analyzing the overall wound care market are advanced wound closure and advanced wound care products. Based on application, the wound care market is segmented into chronic wound care and acute wound care applications. Market size and forecast for each of these segments for 2014–2022 are provided in this study, along with respective CAGRs for the forecast period 2016–2022.
The 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 a better analysis of the overall market scenario and prospects. Information such as market inclination insights and drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global wound care market. Tools such as the market positioning of key players and attractive investment propositions provide the readers with insights into the competitive scenario of the global wound care market. This report concludes with a company profiles section highlighting major information about the key players engaged in the wound care market.
Advanced Wound Closure
Wound closure devices
Moist wound dressings
Active wound care
Therapy devices
The global wound care market involves various products that aid in healing and preventing infection. Wound care and closure and advanced wound care and closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take a substantial amount of time. Advanced wound care and closure products are emerging as a standard solution for treating chronic wounds. Traditional wound care and closure products are being increasingly substituted with advanced wound care and closure products due to their efficacy and effectiveness in managing wounds by enabling faster healing. Based on product type, the wound care market is broadly segmented into advanced wound closure and advanced wound care products.
The advanced wound closure products market is further segmented into hemostatic and sealing agents, topical tissue adhesives, and wound closure devices. Hemostatic and sealing agents are further divided into surgical sealant, fibrin sealant, gelatin-based sealant, and human fibrinogen and thrombin fleece (HFTF). The advanced wound care products are further segmented into moist wound dressings, active wound care, and therapy devices.
The moist wound care is further sub-segmented into films, foams, hydrocolloids, hydrogels, collagen, and others. Active wound care products are sub-segmented into skin substitutes and topical agents. The therapy devices are further categorized into negative pressure wound therapy, pressure relief devices, and others. Advanced wound closure products held the largest market share in the global wound care market. Rising lifestyle diseases that lead to chronic wounds, such as diabetic foot ulcers, and the growing number of cosmetic, plastic, and other surgical procedures have boosted the market growth.
Chronic Wounds
Acute Wounds
Wound care and closure and advanced wound care and closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take a substantial amount of time. Advanced wound care and closure products are emerging as a standard solution for treating chronic wounds. Based on application, the global wound care market has been broadly segmented into chronic and acute wounds. The chronic wounds market is further segmented into diabetic foot ulcers (DFU), pressure ulcers, venous leg ulcers, and other chronic wounds.
Due to the rising cases of diabetes worldwide, diabetic foot ulcers hold the largest share of the chronic wounds market. The acute wounds market is further segmented into surgical, traumatic, and burn wounds. Surgical and traumatic wounds held the largest share in the acute wounds market and are expected to grow constantly due to the rising number of surgeries globally, driving the surgical wound management market.
Moreover, an 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 the global wound care market. Factors such as the rising geriatric population, rising incidences of lifestyle-related diseases such as diabetes, and technological advancements would drive the global wound care market during the forecast period.
The geographical segmentation of the global wound care market comprises North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. In 2015, North America accounted for the largest wound care market due to the growing geriatric population susceptible to diabetes and other lifestyle-related diseases. Moreover, a 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 per 1000 people in the region, making it a lucrative market for wound care products.
Asia Pacific is expected to grow at the highest rate during the forecast period due to the population growth in the region, the developing healthcare infrastructure, and the 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.
The market for Wound Care Market is expected to reach USD$ XX in 2022.
The Wound Care Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016 -2022.
The base year of this report is 2015.
M Company, BSN Medical, Baxter International Inc., Coloplast A/S .are some of the major players in the global market.