The Global Wound Care Management market was valued at USD XX million in 2016 and is expected to reach a value of USD XXmillion by 2022, at a CAGR OF XX%. Wounds are being classified as acute and chronic. There are traditional and advanced wound care & closure products for their treatment. Chronic wounds are the wounds that are hard to heal, take substantial time to heal and are expensive to treat. Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds. Traditional wound care & closure products are being increasingly substituted with advanced wound care & closure products due to their high efficacy and effectiveness in managing wounds by enabling faster healing.
This market is globally driven by several factors including increase in aging population, rise in chronic wounds, ulcers, diabetic ulcers due to particularly increasing prevalence of lifestyle diseases such as diabetes and obesity, technological advancements, government initiatives and increase in surgeries. The increasing patient pool in emerging countries such as India and China would lead to increase the demand for therapies promoting wound healing in these countries.
In major developed countries, the traditional wound care products have reached saturation in the market leading the opportunities for scientific advanced alternatives. Since these alternatives are at a growing stage, the factor restraining this market are high-cost procedures, lack of proper reimbursements and reluctance in acceptance of new technologies.
The global market for Wound Care Management has been segmented on the basis of advanced wound care market. The advanced market is segmented into moist wound dressings, active wound care and therapy devices. Moist wound dressings includes films, foams, hydrocolloids, hydrogels, collagen, alginate dressing and silver wound dressings. Active wounds include skin substitutes and growth factors. The therapy devices majorly recognized are negative pressure wound therapy and pressure relief devices. Regionally, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Some of the key players in this market include –
3M Company, Baxter International, Covidien, Kinetic Concepts, Coloplast, Convatech, Derma Sciences, Integra Lifesciences, Smith & Nephews, Molnlycke Health Care and Others
Market analysis for the market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers, restraints opportunities and challenges.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.
Identification and analysis of the macro and micro factors that affect the Wound Care Management Market. Insights of the market in the regions that have the highest potential for growth and also identify the markets that are still untapped.