According to the latest report by IMARC Group, titled “Advanced Wound Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global advanced wound care market share.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global advanced wound care market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 14.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.98% during 2023-2028.
Advanced wound care refers to a standard medical solution that provides specialized treatment for chronic infections and non-healing injuries by removing inflamed and dead tissues. It includes equipment, medications, and various products that assist in treating acute and chronic harm, such as ulcers, burns, and post-operative injuries. Advanced wound care products comprising alginates and silver are extensively used to remove excess fluids from the impairments and protect them from infections. These include hydrocolloids, film and foam dressings, hydrogels, and alginates. In addition, advanced wound care aids in retaining skin moisture and facilitating quick healing of injuries internally and externally by promoting the growth of body cells.
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Industry Trends & Drivers
The increasing geriatric population and the escalating prevalence of diabetic foot ulcers, pressure ulcers, and other chronic injuries are among the primary factors driving the advanced wound care market. In line with this, the increasing occurrence of obesity and diabetes and the significant need for surgical procedures across the globe are bolstering the demand for damage care products, as they absorb necrotic tissues that are highly effective in the rapid healing of surgical site infections, which are further augmenting the market growth.
Moreover, several technological advancements in advanced wound care, including the introduction of nanoparticle-based impairment healing and skin regeneration bioactive molecules to maintain the medication release and enhance the therapeutic effects of drugs, are also catalyzing the global market. Besides this, the growing awareness among individuals toward the proven benefits and effectiveness of these solutions is acting as another significant growth-inducing factor. Furthermore, the expanding Ambulatory Surgical Centers (ASCs) that provide preventive procedures, diagnostics, and surgical care for orthopedics, urology, restorative, pain management, organ transplantation, and reconstructive surgeries, is anticipated to propel the advanced wound care market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, B. Braun SE (B. Braun Holding GmbH & Co. KG), Cardinal Health, Inc., Coloplast A/S, Convatec Group plc, Essity AB, Integra LifeSciences, Medline Industries, LP, Medtronic plc, Mölnlycke Health Care (Investor AB), Organogenesis Holdings Inc. and Smith & Nephew plc
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
Infection Management
- Silver Wound Dressings
- Non-silver Dressings
- Collagen Dressings
Exudate Management
- Hydrocolloids Dressings
- Foam Dressings
- Alginate Dressings
- Hydrogel Dressings
Active Wound Care
- Skin Substitutes
- Growth Factors
Therapy Devices
- Negative Pressure Wound Therapy (NPWT)
- Oxygen and Hyperbaric Oxygen Equipment
- Electromagnetic Therapy Devices
Others
Breakup by Application:
- Chronic Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Arterial Ulcers
- Acute Wounds
- Burns and Trauma
- Surgical Wounds
Breakup by End User:
- Hospitals
- Community Health Service Centers
By Geography
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates,
Saudi Arabia, Qatar, Iraq, Other)
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