Wound Care Market – Highlights
Global Wound Care Market is to expand at a notable CAGR of 6.20% over the assessment period of 2017-2027 and reach the valuation of USD 29,955.2 Mn by the end of 2027 from USD 15,465.2 Mn in the year 2016.
Wound care products are extensively utilized for managing and treating acute and chronic wounds. Increasing availability of advanced wound care products and improvement in the formulations in order to improve their efficacy in treating wounds are propelling the expansion of the global wound care market. Rise in prevalence of diabetes and increasing geriatric population are also contributing to the growth of the global wound care market. Increasing healthcare expenditure in developed and developing regions and increasing number of surgeries that are being performed on a daily basis are some other factors that are driving the expansion of the global wound care market.
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Segmentation:
The global wound care market is segmented on the basis of type, product, application, and end-user. Based on product, the global wound care market has been segmented into traditional wound care products, advanced wound management products, wound therapy devices, wound care products, and active wound care products. The advanced wound management products segment is likely to command the major share of the global wound care market as it fastens the healing process and reduces the possibility of infection.
By type, the wound care market has been segmented into chronic wound and acute wound. The chronic wound segment commanded the largest share of the market in the year 2016 and is likely to retain a significant share of the global wound care market in the upcoming years.
By application, the wound care market has been segmented into surgical wound, ulcer, burn, trauma wounds, and others. The surgical wound segment is forecasted to expand at a significant growth rate and reach the valuation of USD 10 Mn by the end of 2027.
By end-user, the global wound care market has been segmented into hospitals, clinics, home health care, trauma centers, and others. The hospitals segment commanded the substantial share of the global wound care market in the year 2016. It is forecasted to retain its prominence and expand at a notable CAGR of 6% during the assessment period.
Regional Analysis:
The global wound care market has been geographically segmented into four major regions such as North America, Asia Pacific (APAC), Europe, and the rest of the world. The North America region commands the major share of the global wound care market owing to the increased healthcare expenditure by the population in this region, increased incidences of individuals suffering from diabetes, and high investment by healthcare organizations and hospitals in advanced wound care products in this region. The Europe region commands the second largest share of the global wound care market owing to the high incidences of diabetes, increased research and development expenditure and favorable government initiatives in this region. The Asia Pacific region is projecting the fastest growth in the global wound care market due to the presence of large geriatric population, increased awareness regarding wound care and rapid expansion of healthcare sector in the developing economies in this region.
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Industry Updates:
In January 2019, Mölnlycke, a leading medical products and solutions company, has announced its acquisition of M&J Airlaid Products A/S, a Danish manufacturer of specialized absorbent airlaid nonwoven materials. This acquisition is being carried out by Mölnlycke to strengthen its wound care capabilities.
In December 2018, Maxwell Healthcare Associates (MHA), a post-acute operational, technological, financial and regulatory consulting firm, has announced its partnership with Swift Skin and Wound which will be functioning as its digital wound care management solutions of choice for MHA home health clients.
Top Players:
Some of the key players profiled by MRFR that are operating in the global wound care market are3M, Baxter, B.Braun Melsungen AG, Ethican, Inc., Smith & Nephew, CanvaTec, and Kinetic Concepts, Inc.
Some Points from TOC of Wound Care Market Research Report –Forecast till 2027:
1 Report Prologue
2 Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Wound Care Market, By Product
7 Global Wound Care Market, By Type
TOC CONTINUED…!
List of Tables:
TABLE 1 PRIMARY INTERVIEWS 20
TABLE 2 GLOBAL WOUND CARE MARKET, BY PRODUCT, 2014-2027 (USD MILLION) 35
TABLE 3 GLOBAL ADVANCED WOUND MANAGEMENT PRODUCTS MARKET, BY REGION, 2014-2027 (USD MILLION) 36
TABLE 4 GLOBAL WOUND THERAPY DEVICES MARKET, BY REGION, 2014-2027 (USD MILLION) 37
TABLE 5 GLOBAL TRADITIONAL WOUND CARE PRODUCTS MARKET, BY REGION, 2014-2027 (USD MILLION) 37
TABLE 6 GLOBAL WOUND CARE PRODUCTS MARKET, BY REGION, 2014-2027 (USD MILLION) 38
TABLE 7 GLOBAL ACTIVE WOUND CARE PRODUCTS MARKET, BY REGION, 2014-2027 (USD MILLION) 38
TABLE 8 GLOBAL WOUND CARE MARKET, BY TYPE, 2014-2027 (USD MILLION) 40
TABLE 9 GLOBAL CHRONIC WOUND MARKET, BY REGION, 2014-2027 (USD MILLION) 41
TABLE 10 GLOBAL ACUTE WOUND MARKET, BY REGION, 2014-2027 (USD MILLION) 41
LOT CONTINUED…!
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