The report on global advanced wound care products market provides qualitative and quantitative analysis for the period of 2015 to 2023. According to report the global advanced wound care products market is expected to grow at a CAGR of 8.3% over the forecast period of 2017 – 2023. The global market for advanced wound care products was valued at USD 5.5 billion in 2015.
Figure 1: Global Advanced Wound Care Products Market by Value 2015 – 2023
The report identified that global advanced wound care products is driven by factors such as growing incidence of diabetes and technological advancements, favorable government reimbursement policies, and, increasing awareness about the products. While the restraining factors include high cost of wound care products. Further, the report identifies the opportunities in the world market as emerging economies, and healthy growth in the active wound care market.
The wound care market comprises two main segments, namely traditional wound dressings and advanced wound care products. Traditional wound dressings are extensively used by healthcare professional particularly under dry environment to protect wound from external factors. Advanced wound care products are used by specialist professionals to provide a therapeutic effect that supports wound healing. These wound dressings are used to treat serious problems such as chronic and complex wounds such as burns. Based on type of technology used in wound healing process, these products are divided into moist wound care dressings, biologics; negative pressure wound therapy and other therapeutic devices. Biologic wound care market is the emerging business segment in advanced wound care market owing to the favorable reimbursement policies in the US. These biologic wound care products include collagen dressings, skin substitutes, growth factors, etc.
The report on global advanced wound care products market covers application segment. The application segment includes moist wound care products, biologics; negative pressure wound therapy (NPWT), and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
Figure 2: Global Advanced Wound Care Products Market by Region
Geographically, North America is leading contributor to the market and is expected to retain its position during the forecast period. Nonetheless, the market for Asia-Pacific region is expected to grow at a faster rate owing to increasing prevalence chronic diseases, growing awareness among the population, increasing adoption of new technologies, large number of new players entering into the market, improving healthcare infrastructure, rise in healthcare spending, and favorable government policies.
The report provides profiles of the companies in the global advanced wound care products market such as, Smith & Nephew, ConvaTec, 3M Health Care, Coloplast, Medtronic (Covidien), Paul Hartmann, B. Braun Melsungen, Acelity, Medline Industries, and Molnlycke Health Care.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global advanced wound care products market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of advanced wound care products market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the advanced wound care products market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the advanced wound care products market to understand the present and future trends in this market and formulate their strategies accordingly.
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