Advanced Wound Dressing Market Research Report by CAGR of 8.50% Growth Opportunity, Share Report, Industry Size and Players: Convatec Group PLC, Baxter International, Inc., The 3M Company, Coloplast A/S, Mlnlycke Health Care AB

Research Reports

Posted on September 22, 2021

Market Overview:

Advanced Wound Dressing Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Rising geriatric population, prevalence of chronic diseases and increasing awareness about the usage of advanced wound care products are some of the major factors driving the market growth.

Advanced Wound Dressing Market is valued at USD 6309.62 Billion in 2018 and expected to reach USD 11168.93 Billion by 2025 with the CAGR of 8.50% over the forecast period.

Market Dynamics:

Increasing prevalence of type I and II diabetes is expected to drive the demand for advanced wound dressing products as prolonged diabetes leads to diabetic foot ulcers. For instance: as per the International Diabetes Federation, global prevalence of diabetes is expected to increase from 366.0 million in 2011 to 552.0 million by 2030. Increasing cases of burns and trauma injuries across the globe are also anticipated to propel the market growth. According to the American Burn Association (ABA), in 2016, around 486,000 people were given medical treatment due to burn injuries in U.S. It is also reported that complications of infection have accounted to be highest in burn patients. However, less awareness in developing countries and high cost associated with advanced wound dressing products can hamper the growth of the market.

Key Players:

Global Advanced Wound Dressingmarket report covers prominent players like Smith & Nephew PLC, Mölnlycke Health Care AB, Acelity (KCI Licensing, Inc.), Convatec Group PLC, Baxter International, Inc., The 3M Company, Coloplast A/S, Mölnlycke Health Care AB and among others.

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Scope of Advanced Wound Dressing Market Report:

Advanced wound dressing is used to heal acute and chronic wounds especially thse chronic wounds. Advanced wound dressing has shown very significant results in diabetic patients as well in chronic wounds that takes a long time or cannot be healed by traditional wound dressings. It revolves around the principle of moisture therapy, which provides moisture to the wound site to encourage natural cell repair while giving the wound, room to breathe. Products utilized in most wound care generally fit better around different wound shapes and sizes and are more resistant to environmental inhibitors and foreign particles. For instance; film dressings are intended to adhere firmly to the skin surrounding a wound without sticking to the wound itself. This creates a moist environment and helps to avoid necrosis. Seaweed-derived alginate dressings come in a variation of shapes to cover wounds and trap bacteria, which can be removed during dressing changes.

Advanced wound dressing market report is segmented on the basis of product type, wound type, end-user and region & country level. Based on product type, global advanced wound dressing market is classified into foam dressings, hydrogels, film dressings, alginates, wound contact layer and super absorbent dressing. Based on wound type, the market is classified into surgical wound, ulcers, burns pressure ulcers, venous ulcers, and others. Based on end-user, global advanced wound dressing market is classified into hospitals, wound care centers, ambulatory centers, home healthcare, clinics and community healthcare.

The regions covered in this Advanced Wound Dressing market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Advanced Wound Dressing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Regional Analysis:

North America dominated the global advanced wound dressing market in 2018 owing to the increasing road accidents, sports injuries, and presence of several key players in this region is anticipated. According to Association for Safe International Road Travel (ASIRT); over 37,000 people die in road crashes each year, an additional 2.35 million are injured or disabled in United States. Moreover, the presence of adequate skilled professionals and highly developed healthcare infrastructure are also expected to drive the market growth over the forecast period in this region. Asia Pacific is expected to witness the fastest growth over the forecast period due to the increasing awareness about the benefits of advanced wound dressing in developing countries such as China, Japan, and India.

Market Segmentation:

By Product Type:

Foam dressings

Hydrogels

Film dressings

Alginates

Wound contact layer

Super absorbent dressing

By Wound Type:

Surgical wound

Ulcers

Burns pressure ulcers

Venous ulcers

Others

By End-User:

Hospitals

Wound care centers

Ambulatory centers

Home healthcare

Clinics

Community healthcare

Market Drivers:

Increasing patch management solutions vulnerabilities is driving the growth of the market

Rising need of up to date software will propel the market growth

Growing third party application deployment is a driver for the market

Government regulations for promoting patch management may boost the growth of the market

Market Restraints:

Low vulnerability priority reduction is restraining the growth of the market

Lack of awareness for cyber security will hamper the market growth

Patch testing and compatibility issues may also restrict the growth of the market

There are 15 Chapters to display the Advanced Wound Dressing market:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Global Advanced Wound Dressing market, Applications, Market Segment by Types

Chapter 2, objective of the study.

Chapter 3, to display Research methodology and techniques.

Chapter 4 and 5, to show the Advanced Wound Dressing Market Analysis, segmentation analysis, characteristics;

Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;

Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 6 and 13), United States, Canada, Mexico, Europe (Covered in Chapter 7 and 13), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 8 and 13), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 9 and 13), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 10 and 13), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis

Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;

Chapter 11 and 12, Advanced Wound Dressing Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels

Chapter 13 and 14, about vendor landscape (classification and Market Ranking)

Chapter 15, deals with Advanced Wound Dressing Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.

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