Global Advanced Wound Care Market: By Product: Infection Management, Exudate Management, Active Wound Care, Therapy Devices; By Wound Type: Chronic Wounds, Acute Wounds; By End Use: Hospitals & Clinics, Community Health Service Centers, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape & Supplier Analysis; Events and Developments

Global Advanced Wound Care Market Key Insights:

Market Outlook

The global advanced wound care market attained a value of USD 10.7 million in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 4.8%. The market demand will be influenced by an increased incidence of chronic conditions, including diabetes and obesity, and the related rise in the rates of chronic wounds. Due to the increased prevalence of chronic and acute injuries and the rising number of surgeries, the North America market dominated the industry in 2019.

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Properties and Applications

The industry can be broadly categorised based on products, wound type, and end-use.

Based on products, the industry can be segmented into:

• Infection Management
• Exudate Management
• Active Wound Care
• Therapy Devices

By wound type, the industry can be divided as:

• Chronic Wounds
• Acute Wounds

On the basis of its end-use segments, the industry can be broadly categorised as:

• Hospitals and Clinics 
• Community Health Service Centres
• Others

The EMR report looks into the regional markets of advanced wound care like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis 

The rising geriatric population with chronic injuries is a major factor driving the industry for advanced wound care products. Due to a significant number of patients receiving chronic and acute wounds in hospitals, the hospital segment accounted for a considerable industry share in 2019. Due to the high level of knowledge and acceptance of advanced wound care products, such as NPWT, North America is likely to dominate the industry in the forecast period.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global advanced wound care market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Smith & Nephew plc
• Mölnlycke Health Care
• B. Braun Melsungen AG
• ConvaTec Group plc
• Coloplast A/S
• Integra LifeSciences, (NASDAQ: IART)
• 3M Company
• Cardinal Health, Inc.
• Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Questions Answered in the Market Report:

• How has the global advanced wound care market performed in the previous years (2015-2019)?
• What is the forecast assessment of the industry for 2020-2025?
• What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global industry?
• Who are the key manufacturers of infection management, exudate management, active wound care, and therapy devices in the global industry?
• What is the degree of competition in the global industry?
• What are the major events and developments taking place within the global industry?

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