PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400992
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400992
Asia Pacific Wound Care Management Market size was valued at USD 17,812 Million in 2022, expanding at a CAGR of 7.5% from 2023 to 2030.
Hydrocolloid dressings are among the wound care solutions that aid in moisture retention and promote both internal and exterior wound healing at a rapid pace. Furthermore, in cases of surgical site infections, these products aid in the absorption of necrotic tissues. Consequently, the preference of healthcare professionals to use wound care products is expected to boost the growth of wound care management market.
Wound Care Management Market- Market Dynamics
Increasing prevalence of diabetes is expected to propel market demand
One of China's most distinctive features is the high prevalence of diabetes, which makes wound care treatment more important in reducing the risk of slow-healing wounds in diabetic patients.The frequency of chronic wounds, particularly foot ulcers, rises with the diabetic population because foot ulceration is prevalent, incapacitating, and commonly results in leg amputation. For example, in 2021 the International Diabetes Federation (IDF) estimated that there were 140.9 million diabetes cases registered in China, or 10.6% of China's population. By 2030, the number of cases is predicted to rise to 164.06 million. Additionally, the analysis projects that in 2021 there would be 72.83 million undiagnosed cases of diabetes in the nation. Therefore, there is a greater need for diabetic foot care treatment in China due to the high frequency of diabetic foot ulcers associated with high incidences of diabetes.
Wound Care Management Market- Key Insights
As per the analysis shared by our research analyst, the Asia Pacific market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2023-2030)
Based on Wound Type segmentation, private segment was predicted to show maximum market share in the year 2022, The increasing adoption of cloud solutions at private hospitals, medicals is boosting the market growth.
Based on Product segmentation, software as a Product was the leading market in 2022, due to increasing adoption of software and IT system in hospitals.
Based on End--User segmentation, non-clinical information system was the leading market in 2022, due to increasing use of cloud system at major medical and clinical levels.
On the basis of country, China was the leading revenue generator in 2022 mainly due to the growing technology and IT Product utilization and developing infrastructure.
The Asia Pacific Wound Care Management Market is segmented on the basis of Wound Type, Product, End--User, and Region.
The market is divided into two categories based on Wound Type: chronic wound and acute wound. The chronic wound segment dominates the market. The increasing demand for wound care products in therapy, surgeries relating to cancer, chronic diseases is contributing to segment growth.
The market is divided into four categories based on Product: wound dressings, active wound care, therapy devices, and others. The wound dressings dominate the market and is likely to maintain its dominance during the forecast period. Wound dressing is a first step in wound care and has huge demand with advanced wound care products and is expected to boost the segmental growth.
The market is divided into three categories based on End--User: hospitals, nursing homes, and others. The hospitals segment dominates the market and is likely to maintain its dominance during the forecast period. Due to rise in surgical wound care dressings in hospitals and clinics, all these factors are mainly boosting the market growth.
Wound Care Management Market- Country Insights
Country wise, this market is widespread into India, China, South Korea, Japan, Australia, Thailand, Indonesia, Philippines, Malaysia, Taiwan, Vietnam, Hong Kong, New Zealand, Singapore, Myanmar, and the rest of the Asia-Pacific (APAC) region.
The Asia Pacific wound care management market is very fragmented, with many different international players. Patients suffering from chronic wounds have better quality of life as technology advances and becomes more practical. To increase their market presence through partnerships, acquisitions, mergers, collaborations, new product launches, and other means, market players are concentrating on a range of growth tactics. Due to the presence of large number of participants, it is anticipated that the level of competitiveness and competitive rivalry in the market will increase over the forecast period.
In June 2022, Medline introduced its new product called OptifoamGentle EX Foam Dressing. When combined with a pressure injury prevention protocol, the product is envisioned to help displace pressure.
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC WOUND CARE MANAGEMENT MARKET KEY PLAYERS
Cosmotec
Medline Industries
Integra Lifesciences
Smith & Nephew
Evonik
Ethicon
URGO Medical
Medtronic
Baxter
BSN Medical
Hartmann Group
Cardinal Health
Others
ASIA PACIFIC WOUND CARE MANAGEMENT MARKET, BY WOUND TYPE
Chronic Wound
Acute Wound
ASIA PACIFIC WOUND CARE MANAGEMENT MARKET, BY PRODUCT
Wound dressings
Active wound care
Therapy devices
Others
ASIA PACIFIC WOUND CARE MANAGEMENT MARKET, BY END--USER
Hospitals
Nursing Homes
Others
ASIA PACIFIC WOUND CARE MANAGEMENT MARKET, BY REGION
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Malaysia
Taiwan
Vietnam
Hong Kong
New Zealand
Singapore
Myanmar
Rest of APAC