With the slowdown in world economic growth, the Advanced Wound Care industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Advanced Wound Care market size to maintain the average annual growth rate of 15 from XXX million $ in 2014 to XXX million $ in 2019, Stratagem Market Insights analysts believe that in the next few years, Advanced Wound Care market size will be further expanded, we expect that by 2026, The market size of the Advanced Wound Care will reach XXX million $.
Advanced wound care is the use of products such as film and foam dressings, hydrogels, alginates, and hydrocolloids for effective wound healing. Moisture therapy in advanced wound care offers a moist microenvironment that stimulates the natural healing process and maintains a hydrated environment.
A high prevalence of diabetes is expected to propel the growth of the global advanced wound care market over the forecast period. For instance, according to the International Diabetes Federation’s IDF Diabetes Atlas 2019 Edition, the number of adults with diabetes in the U.S. was 31.0 million. Moreover, the high incidence of chronic wounds is also expected to aid in the growth of the market. For instance, according to the study, ‘Prevalence of chronic wounds in the general population: systematic review and meta-analysis of observational studies’, published in the journal Annals of Epidemiology in November 2018, the pooled prevalence of chronic wounds of mixed etiologies was 2.21 per 1000 population and for chronic leg ulcers, the prevalence was estimated at 1.51 per 1000 population.
The increasing geriatric population is expected to offer lucrative growth opportunities for players in the global advanced wound care market. For instance, according to the World Health Organization, the geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015. Moreover, R&D in advanced wound care is also expected to aid in the growth of the market. For instance, in December 2019, researchers from ETH Zurich and the National University of Singapore reported the development of superhydrophobic hemostatic nanofiber composites for fast clotting and minimal adhesion.
However, the treatment of chronic wounds is associated with high cost, which is expected to hamper the growth of the global advanced wound care market.
Major players in the market are focused on adopting collaboration and partnership strategies to expand their product portfolio. For instance, in January 2018, Mölnlycke Health Care AB partnered with Tissue Analytics, a developer of sophisticated digital wound imaging platforms.
Key Takeaways:
- High incidence of chronic wounds is expected to augment the growth of the global advanced wound care market over the forecast period
- However, the high cost of advanced wound care is expected to hinder the growth of the market
- Major players operating in the global advanced wound care market include 3M, Acelity, B. Braun Melsungen, BSN Medical, Coloplast, ConvaTec, Hartmann Group, Hollister Incorporated, Human Biosciences, Integra Lifesciences Corporation, Medline Industries, Medtronic PLC, Mimedx Group, Inc., Mölnlycke Health Care AB, Nitto Denko, Organogenesis Holdings Inc., Smith & Nephew, Urgo Medical, and Winner Medical Group
This Report covers the manufacturers' data, including shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume, and value, as well as price data.
Besides, the report also covers segment data, including type segment, industry segment, channel segment, etc. cover different segment market sizes, both volume, and value. Also cover different industries client's information, which is very important for the manufacturers. If you need more information,
Section 1: Definition
Section (2 3): Manufacturer Detail
╼ Acelity
╼ Smith & Nephew
╼ Molnlycke
╼ ConvaTec
╼ Coloplast
╼ Organogenesis
╼ Integra Lifesciences Corporation
╼ Medline Industries
╼ 3M
╼ Hollister Incorporated
╼ Human Biosciences
╼ Medtronic
╼ Hartmann Group
╼ B.Braun Melsungen
╼ BSN Medical
╼ Urgo Medical
╼ Mimedx Group, Inc.
╼ Nitto Denko
╼ Winner Medical Group
Section 4: Region Segmentation
╼ North America Country (United States, Canada)
╼ South America
╼ Asia Country (China, Japan, India, Korea)
╼ Europe Country (Germany, UK, France, Italy)
╼ Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation ⤍
╼ Advanced Wound Dressings
╼ Bioactives
╼ Devices
Industry Segmentation ⤍
╼ Acute wounds
╼ Chronic Wounds
╼ Surgical Wounds
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2026)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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