Australia Wound Care Management Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Australia Wound Care Management Devices Market is segmented by Product (Advanced Wound Management, Surgical Wound Care, and Traditional/Basic Wound Care).

Market Snapshot

Australia Wound Care Management Devices
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 7.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Australian wound care management devices market is expected to witness a CAGR of 7.5% during the forecast period. Certain factors that are driving the growth of the market include rising incidences of chronic wounds, growing demand for faster recovery of wounds, and an increase in surgeries.

  • According to the 2016 article “Chronic wounds are one of Australia's National Health Priority Areas”, chronic wounds are poorly recognized chronic diseases that cause pain and suffering. Chronic wounds cost the Australian healthcare system AUD 3.5 billion per annum. The prevalence of arterial ulcers as a primary cause of ulceration in the population ranged from 3.0% to 19.0%. Unlike the highly profiled and relatively well-funded chronic diseases that comprise the Australian National Health Priority Areas, chronic wounds remain a largely hidden and poorly supported problem in the Australian community. Yet, the awareness regarding the condition and the demand for fast recovery of these wounds have been observing a significant rise over the past few years, thus generating a huge opportunity for the growth of the market in the country.
  • However, according to a 2017 report published by the Government of Queensland, even when awareness of evidence-based wound management is addressed, access to expert wound care and advice remains an issue across Australia. It is important to stress that there is a general lack of access to expert wound advice for all Australians, which is expected to restrain the market’s growth.

Scope of the Report

Wound care refers to specific treatment types for pressure sores, skin ulcers, and other wounds that break the skin. The demand for wound care therapies is increasing. New wound care products and devices are being marketed at a significant rate. Practitioners are making informed decisions about the use of medical devices for wound healing therapy.

Product
Advanced Wound Management
Advanced Wound Dressing
Foam Dressing
Hydrocolloid Dressing
Film Dressing
Alginate Dressing
Hydrogel Dressing
Other Advanced Wound Dressings
Wound Therapy Device
Pressure Relief Device
Negative Pressure Wound Therapy (NPWT) System
Oxygen and Hyperbaric Oxygen Equipment
Electrical Stimulation Device
Other Wound Therapy Devices
Active Wound Care
Suture and Staple
Topical Agents
Surgical Wound Care
Tissue Adhesives, Sealants, and Glues
Anti-infective Dressing
Traditional/Basic Wound Care
Medical Tapes
Dressings
Cleansing Agents

Report scope can be customized per your requirements. Click here.

Key Market Trends

Advanced Wound Management is Expected to Show Lucrative Growth

Advanced wound care management products are used for the treatment of acute and chronic wounds, including leg, diabetic, and pressure ulcers, burns, and post-operative wounds. Most of the companies offer a comprehensive advanced wound care dressings portfolio, in order to protect and promote a moist wound healing environment.

Advanced products for the wound healing process are generally prescribed by clinicians after a visit to the doctor or hospital. This category generally includes film and foam dressings, hydrogels, alginates, and hydrocolloids. Such products are largely focused on keeping the wound hydrated to encourage healing, following the philosophy that a moist microenvironment promotes the natural healing process (human cells require water to live and grow) without occluding the wound.

trend 1

Competitive Landscape

The Australian wound care management devices market, which is highly competitive, consists of several major players. Companies, such as 3M Health Care Ltd, Coloplast AS, ConvaTec Inc., Covidien PLC, Hollister Incorporated, Johnson & Johnson, Medline Industries Inc., and Smith & Nephew PLC, among others, hold a substantial market share in the Australian wound care management devices market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Incidences of Chronic Wound

      2. 4.2.2 Growing Demand for Faster Recovery of Wounds

      3. 4.2.3 Increase in Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost Procedures

      2. 4.3.2 Lack of Proper Reimbursements

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Advanced Wound Management

        1. 5.1.1.1 Advanced Wound Dressing

          1. 5.1.1.1.1 Foam Dressing

          2. 5.1.1.1.2 Hydrocolloid Dressing

          3. 5.1.1.1.3 Film Dressing

          4. 5.1.1.1.4 Alginate Dressing

          5. 5.1.1.1.5 Hydrogel Dressing

          6. 5.1.1.1.6 Other Advanced Wound Dressings

        2. 5.1.1.2 Wound Therapy Device

          1. 5.1.1.2.1 Pressure Relief Device

          2. 5.1.1.2.2 Negative Pressure Wound Therapy (NPWT) System

          3. 5.1.1.2.3 Oxygen and Hyperbaric Oxygen Equipment

          4. 5.1.1.2.4 Electrical Stimulation Device

          5. 5.1.1.2.5 Other Wound Therapy Devices

        3. 5.1.1.3 Active Wound Care

          1. 5.1.1.3.1 Suture and Staple

          2. 5.1.1.3.2 Topical Agents

      2. 5.1.2 Surgical Wound Care

        1. 5.1.2.1 Tissue Adhesives, Sealants, and Glues

        2. 5.1.2.2 Anti-infective Dressing

      3. 5.1.3 Traditional/Basic Wound Care

        1. 5.1.3.1 Medical Tapes

        2. 5.1.3.2 Dressings

        3. 5.1.3.3 Cleansing Agents

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M Health Care Ltd

      2. 6.1.2 Coloplast AS

      3. 6.1.3 ConvaTec Inc.

      4. 6.1.4 Hollister Incorporated

      5. 6.1.5 Johnson & Johnson

      6. 6.1.6 Medline Industries Inc.

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 Smith & Nephew PLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Australia Wound Care Management Devices Market market is studied from 2018 - 2026.

The Australia Wound Care Management Devices Market is growing at a CAGR of 7.5% over the next 5 years.

3M Health Care Ltd, Medtronic PLC, Medline Industries Inc., Smith & Nephew PLC, Johnson & Johnson are the major companies operating in Australia Wound Care Management Devices Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!