North America Wound Care Management Market - Growth, Trends, and Forecast (2019 - 2024)

The North America Wound Care Management Market is Segmented by Product (Advanced Wound Management Products and Surgical Wound Care Products), End User, and Geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Key Players:

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North America Wound Care Management Market

The key factors propelling the wound care management device market include an increase in chronic wounds and ulcers, rising incidence of diabetes, aging population, increasing awareness about new technologies for wound care, and government support in the form of funding.

According to the Centers for Disease Control and Prevention (CDC), the number of US adults aged 18 years or older with diagnosed diabetes quadrupled from 5.5 million in 1980 to 21.9 million in 2014, corresponding to a nearly three-fold increase in the percent prevalence from 3.5 to 9.1%. The prevalence of diabetes among adults in the United States rose to 14% between 2013 and 2016, with nearly 31% of those with diabetes unaware they have the disease. The incidence of chronic wounds, especially foot ulcers, is increasing among the diabetic population and a substantial share of the population undergo a lower extremity amputation. It is also estimated that patients with diabetes are 10 times more likely to undergo amputation at some point in their life.

However, the major restraints of the market are the high cost of technically superior products for wound care and lack of proper reimbursement policies.

Scope of the Report

Wounds are being classified as acute and chronic. There are traditional and advanced wound care and 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 and closure products are emerging as a standard solution for treating chronic wounds. Many players in this industry are trying to enlarge their product portfolio in order to top this Industry. The top companies are acquiring other companies in this industry as their strategy to dominate this market.

By Product
Advanced Wound Management Product
Advanced Wound Dressing
Foam Dressing
Hydrocolloid Dressing
Film Dressing
Alginate Dressing
Hydrogel Dressing
Other Advanced Dressing
Wound Therapy Device
Pressure Relief Device
Negative Pressure Wound Therapy (NPWT) System
Conventional NPWT System
Disposable NPWT System
Oxygen and Hyperbaric Oxygen Equipment
Electrical Stimulation Device
Other Therapy Devices
Surgical Wound Care Product
Suture and Staple
Tissue Adhesive, Sealant, and Glue
By End User
Hospital and Specialty Wound Clinics
Long-term Care Facility
Country
United States
Canada
Mexico

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Key Market Trends

Foam Dressing Segment of the Advanced Wound Management Products Segment is Expected to Exhibit Fastest Growth Rate over the Forecast Period

Foam has a significant role in the clinical management of chronic wounds and in moist wound healing. Over the past 30 years, polyurethane foam has become one of the most commonly used wound dressings for exudate management in moist wound healing. The foam consists of a porous structure that is able to absorb fluids into air-filled spaces by capillary action. The most commonly used foam is polyurethane. Silicone foam is less frequently used as a primary absorbent in wound dressing but often is applied as an adhesive wound-contact layer. Choosing a foam to match the wound is complex, and depends on the underlying basic characteristics of the patient’s wound. The ability of a given foam to maintain the optimal level of moisture in the wound bed should be evaluated continuously, in order to avoid complications from a mismatch of absorptive capacity to exudate production. As evident from the above-mentioned application of foam dressing, its importance is indispensable. However, it has its disadvantages. Overall, the segment for foam dressing in the United Kingdom wound care management devices market is likely to grow during the forecast period, recording a high growth rate, however, not as high as other product categories, like negative pressure therapy systems.

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Competitive Landscape

The presence of a significant number of players in the market studied has an impact on the prices of products by firms, such as 3M Company, Baxter International, Ethicon Inc., Integra LifeSciences, and Smith & Nephew among others. There is a sustainable competitive advantage through innovation for all companies. The companies are continuously focusing on innovations through research and development. Moreover, these companies are applying powerful competitive strategies, in order to gain more market share in the studied market.

Major Players

  1. 3M Company
  2. Baxter International
  3. Ethicon Inc.
  4. Integra LifeSciences
  5. Smith & Nephew

* Complete list of players covered available in the table of contents below

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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 Increase in the Geriatric Population

      2. 4.2.2 Rising Incidences of Chronic Wound

      3. 4.2.3 Increase in the Number of Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 High-cost Procedures

      2. 4.3.2 Lack of Proper Reimbursements

      3. 4.3.3 Reluctance toward the Acceptance of New Technologies

    4. 4.4 Porters Five Force 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 By Product

      1. 5.1.1 Advanced Wound Management Product

        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 Dressing

        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

            1. 5.1.1.2.2.1 Conventional NPWT System

            2. 5.1.1.2.2.2 Disposable 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 Therapy Devices

      2. 5.1.2 Surgical Wound Care Product

        1. 5.1.2.1 Suture and Staple

        2. 5.1.2.2 Tissue Adhesive, Sealant, and Glue

    2. 5.2 By End User

      1. 5.2.1 Hospital and Specialty Wound Clinics

      2. 5.2.2 Long-term Care Facility

    3. 5.3 Country

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M Company

      2. 6.1.2 Acelity L.P

      3. 6.1.3 Baxter International

      4. 6.1.4 Convatec Healthcare B.S.A.R.L. �

      5. 6.1.5 Derma Sciences Inc.

      6. 6.1.6 Ethicon Inc.

      7. 6.1.7 Hollister Inc.

      8. 6.1.8 Integra LifeSciences

      9. 6.1.9 Molnlycke Health Care

      10. 6.1.10 Smith & Nephew

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

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

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