Global Advanced Wound Care Market is expected to reach USD 24,054.5 billion by 2025 and is projected to register a CAGR of healthy rate in the forecast period 2018 to 2025. The Global Advanced Wound Care Market, By Type (Dressing, Biologics, Therapy Devices), By Wound Type (Surgical Wound, Diabetic Ulcers, Pressure Ulcers, Venous Ulcers, Burns, Others), By End-User (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Community Healthcare), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa)- Industry Trends and Forecast to 2025
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Some of the major market players in this market are
PAUL HARTMANN Ltd,
Organogenesis Inc,
Advanced Medical Solutions Group plc,
Advancis Medical UK,
Arobella Medical,
B. Braun Melsungen AG,
BioMonde,
BSN medical,
Coloplast Group,
Hollister Incorporated,
Integra LifeSciences,
ITALIA MEDICA SRL,
LOHMANN & RAUSCHER GMBH,
Medtronic,
Misonix,
Mölnlycke Health Care AB,
Olympus Corporation,
Smith & Nephew,
Söring GmbH,
Zimmer Biomet
Global Advanced Wound Care Market
Chronic wound is growing sharply because of an aging population and sharp rise in the incidence of diabetes and obesity. The need for post-surgical wound care is sharply on the rise. Increasing prevalence of chronic diseases that can be related to lifestyle, such as diabetes and obesity. These are the parts of the fundamental trends which driving growth of advanced wound care market.
According to the World Data Bank, in Mexico 1,303 surgeries were performed, in Australia 10,516 surgeries were performed in 2015. According to the National Burn Repository (NBR) of the American Burn Association (ABA) in U.S. from 2005 to 2014 the number of cases of burns due to Fire/Flame was 43.0%, Scald 34.0%, Contact 4.0%, Electrical 3.0%, and chemicals 7.0%. Most of the burn cases were reported at home and was around 73.0%.
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Market Segmentation: Global Advanced Wound Care Market
- The global advanced wound care market is segmented into three product types, namely, dressing, biologics, and therapy devices. In 2017, dressing segment is expected to dominate the global advanced wound care market with 56.4% market share. However biologics segment is expected to grow at the highest CAGR of 10.8% in the forecast period 2018 to 2025.
- Based on wound type, the market is segmented into surgical wound, diabetic ulcer, burns, pressure ulcer, venous ulcer among others. In 2018, surgical wound segment is expected to dominate the Global advanced wound care market with highest market. However diabetic ulcers is growing with the highest CAGR of in the forecast period 2018 to 2025.
- On the basis of end users, the market is classified into hospitals, wound care centers, ambulatory centers, home healthcare, clinics, and community healthcare. On the basis of end user the market is segmented into direct tenders, and retails. In 2018, hospitals segment is expected to dominate the Global advanced wound care market with highest market share. However home healthcare segment is and growing with the highest CAGR in the forecast period 2018 to 2025.
- On the basis of distribution channel the market is segmented into direct tenders, and retails. In 2018, direct tenders segment is expected to dominate the Global advanced wound care market with highest market share growing at the highest CAGR in the forecast period 2018 to 2025.
- Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Global, South America and Middle East and Africa.
FACTORS DRIVING GROWTH IN THE GLOBAL ADVANCED WOUND CARE MARKET
Rising Incidences Of Chronic Wound:
Chronic wounds are rarely seen in individuals. In fact, chronic wound patients frequently suffer from “highly branded” diseases such as diabetes and obesity. Some of the most common types of wounds are Infectious wounds, Ischemic wounds, radiation poisoning wounds and surgical wounds. Ulcers is the most common type of chronic wounds, some of the most common types of ulcers are arterial ulcers, venous ulcers, diabetic ulcers and pressure ulcer. Tree of Chronic wound is growing steadily; it increases the incidence of chronic wound in individuals. People are suffering from different type of wounds and ulcers. This is sheen mostly in aging population.
In 2017, in the United States, chronic wounds affect around 6.5 million patients. It is claimed that more than USD 25 billion is spent annually on treatment of chronic wounds and patients affected by chronic wound are rapidly increasing. Whereas, in U.K. the cost to the National Health Service of caring for patients with chronic wounds were estimated at USD 3.4–4.6 billion per year.
Diabetic foot is a public health issue and is rare studies investigated its global epidemiology. In 2017, the global diabetic foot ulcer prevalence was 6.3%. It was higher in males and in fact higher in type 2 diabetic patients than in type 1 diabetics. North America had the highest prevalence 13.0%, and the prevalence in Asia, Europe, and Africa were 5.5%, 5.1% and 7.2%. According to the survey the patients with diabetic foot ulcer were older, longer diabetic duration and diabetic retinopathy, had a lower body mass index had more hypertension, and smoking history than patients without diabetic foot ulceration. According to the international journal of Endocrinology the incidence of diabetic ulcers is 5.62%. The risk of diabetic foot ulcer in patients with diabetes is 2.0%. The incidence of diabetic foot ulceration is expected to increase to 17 to 60% worldwide.
As the number of diabetic patients are increasing, this will lead to increase in the diabetic ulcers and chronic wounds, which in turn is expected to grow this,market in future.
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