Wound Care Market Growth – CAGR of 4.5% | Industry trends –Rise in the geriatric population

Rising incidences and prevalence of chronic illnesses such as diabetes are contributing in the occurrence of wound ulcers, which is driving the growth of the wound care market.

The global wound care market is expected to reach a valuation of USD 28.15 Billion by 2027, as per a recent analysis by Emergen Research. This growth of the wound care market is attributed to increased diabetes incidences globally from past decades, increased geriatric population, and increased investment in research and development for wound care research. Additionally, the factors such as increasing wound ulcer occurrence among patients coupled with increasing awareness programs on wound management are estimated to increase demand for advanced wound care treatments. This is a key factor driving the growth of the global wound care market and is estimated to remain the same during the forecast period.

Rising costs of wound care are encouraging investment in further research for improvement in wound care technologies, which is estimated to provide traction for the growth of the market in coming years. However, high costs of products coupled with undefined government policies for wound care and higher risks of infections are restraining the growth of the global wound care market. Nonetheless, the increasing launch of newer products is expected to offer several opportunities for growth in the coming years.

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Key Highlights from the Report

• The surgical wounds segment is estimated to dominate the overall market and to remain dominant in the global wound care market over the forecast period. This growth is attributed to the increasing occurrence of diabetic foot ulcers & pressure ulcers coupled with post-operative surgical wounds.
• Wounds due to surgical procedures extend the stay of the hospital and risk of infection, which causes an economic burden. A surge in the number of surgeries owing to accidents, trauma, and the increasing prevalence of chronic diseases are boosting the market growth in the coming future.
• A diabetic foot ulcer is a type of open wound, which usually occurs among diabetic patients located on the bottom of the foot. Thus, the demand for its treatment and especially effective treatment has increased substantially, which is driving the growth of the market.
• Regionally, the Asia Pacific is estimated to exhibit expansion at the fastest CAGR over the forecast period. This growth of the region is attributable to the robust investment for the adoption of improved healthcare globally and especially across the countries such as Japan, India, and China. Additionally, the factors, including growing advancements by prominent players in these countries along with increased support from the government, is driving regional growth of the market.
• Key players in the global wound care market include Smith & Nephew plc, Ethicon Inc., Baxter International Inc., Coloplast A/S, Convatec Group Plc, Medtronic plc, 3M Company, Paul Hartmann AG, Integra LifeSciences Holding Corporation, and Mimedx Group.

For the purpose of this report, Emergen Research has segmented the Global Wound Care Market on the basis of product, wound type, end-user, and region:

• Product Outlook (Revenue, USD Billion; 2017-2027)
  • Advanced Wound Care Products
    1. Advanced Wound Dressings
       • Foam Dressings
         • Silicone Dressings
         • Non Silicone Dressings
       • Hydrocolloid Dressings
       • Film Dressings
       • Alginate Dressings
       • Hydrogel Dressings
       • Collagen Dressings
       • Hydrofiber Dressings
       • Wound Contact Layers
       • Antimicrobial Dressings
       • Superabsorbent Dressings
    2. Wound Therapy Devices
       • Pressure Relief Devices
       • Wound Assessment & Monitoring Devices
       • Negative Pressure Wound Therapy Systems
         • Conventional NPWT Systems
         • Disposable NPWT Systems
         • Accessories
       • Oxygen & Hyperbaric Oxygen Equipment
       • Electrical Stimulation Devices
       • Other Therapy Devices
    3. Active Wound Care Products
       • Biological Skin Substitutes
         • Human Donor Tissue-derived Products
         • Acellular Animal-derived Products
         • Biosynthetic Products
       • Topical Agents

• Surgical Wound Care Products
  1. Sutures
  2. Staplers
  3. Tissue Adhesives, Sealants, & Glues
     • Fibrin-based Sealants
     • Collagen-based Sealants
     • Synthetic Adhesives
  4. Anti-infective Dressings
• Traditional Wound Care Products
  1. Medical Tapes
  2. Dressings
  3. Cleansing Agents

• Wound Type Outlook (Revenue, USD Billion; 2017-2027)
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Surgical & Traumatic Wounds
  • Burns
  • Other Wounds

• End-User Outlook (Revenue, USD Billion; 2017-2027)
  • Hospitals & Clinics
    1. Inpatient Settings
    2. Outpatient Settings
  • Long-term Care Facilities
  • Home Care Settings

• Regional Outlook (Revenue, USD Billion; 2017-2027)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. U.A.E.
    3. Rest of MEA

To get leading market solutions, visit the link below: 

https://www.emergenresearch.com/industry-report/wound-care-market