Advanced Wound Care Global Market Report 2024

“Advanced Wound Care Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on advanced wound care market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for advanced wound care? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The advanced wound care market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product Type: Antimicrobial Gels; Antimicrobial Powder; Concentrated Surfactant; Hydrogels Dressings; Skin Protectants; Wound Cleansers; Semi-Permeable Films Dressings; Semi-Permeable Antimicrobial Films Dressings; Semi-Permeable Non Antimicrobial Films Dressings; Other Products
• 2) By Wound Type: Surgical And Traumatic Wounds; Diabetic Foot Ulcers; Pressure Ulcers; Venous Leg Ulcers; Burns; Other Wounds
• 3) By Application: Chronic Wounds; Acute Wounds
• 4) By End User: Hospitals; Clinics; Homecare Settings; Other End Users
• Companies Mentioned: Integra Lifesciences Corp.; Molnlycke Health Care; Johnson And Johnson Services Inc.; Medline Industries Inc.; Medtronic plc
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Advanced wound care involves the treatment of chronic or complex wounds using specialized products that are not readily available over the counter. This approach offers various advantages, including the regulation of body temperature, prevention of infections, removal of dead tissue, avoidance of scar formation, and alleviation of discomfort during dressing changes. It is particularly beneficial for healing complex or difficult-to-treat wounds.

The main types of products used in advanced wound care include antimicrobial gels, antimicrobial powder, concentrated surfactants, hydrogel dressings, skin protectants, wound cleaners, semi-permeable film dressings, semi-permeable antimicrobial film dressings, semi-permeable non-antimicrobial film dressings, and others. Antimicrobial wound gels, for instance, are water-based gel dressings applied to wounds to maintain a moist environment that facilitates healing. Various types of wounds, such as surgical and traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, burns, among others, can be treated using advanced wound care products. These products find applications in both chronic and acute wounds and are utilized by end-users such as hospitals, clinics, home care settings, and others.

The advanced wound care market research report is one of a series of new reports from The Business Research Company that provides advanced wound care market statistics, including advanced wound care industry global market size, regional shares, competitors with an advanced wound care market share, detailed advanced wound care market segments, market trends and opportunities, and any further data you may need to thrive in the advanced wound care industry. This advanced wound care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The advanced wound care market size has grown strongly in recent years. It will grow from $10.14 billion in 2023 to $10.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed during the historical period in the field of advanced wound care devices can be attributed to several factors. These include continuous innovation in wound care technologies, the aging population leading to a higher demand for wound care solutions, advancements in medical technologies, an increase in the prevalence of chronic conditions requiring specialized care, and improvements in healthcare infrastructure.

The advanced wound care market size is expected to see strong growth in the next few years. It will grow to $14.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period for advanced wound care devices can be attributed to various factors. These include a heightened focus on personalized medicine, the pursuit of cost-efficient solutions, increased consumer demand for non-invasive treatments, improvements in healthcare access and infrastructure, and the ongoing prevalence of chronic diseases. Major trends expected in the forecast period include the adoption of patient-centric care approaches, collaborative partnerships in research and development, a shift towards value-based healthcare models, a heightened focus on regenerative medicine, and an increased preference among consumers for minimally invasive solutions.

The growth of the advanced wound care market is expected to be driven by the increasing number of surgeries. Surgical procedures involve tissue penetration or cutting to treat ailments, injuries, or enhance bodily functions/appearance. Advanced wound care products play a pivotal role in surgeries by expediting healing and minimizing complications such as infections. According to the Aesthetic Society's data from 2021, surgical procedures surged by 54% compared to 2020, while non-surgical procedures rose by 44%. This uptick in surgeries underscores the driving force behind the advanced wound care market.

The expansion of the advanced wound care market is anticipated due to a rise in road accidents, trauma, and burn cases. Road accidents refer to incidents involving vehicles on public roads resulting in injury or fatality. Burns encompass injuries from heat, radiation, electricity, chemicals, or friction, while trauma involves physical injury causing internal damage, wounds, or fractures. Specialized wound care solutions are crucial in mitigating severity, improving blood flow, and stimulating the body's healing mechanisms for such cases. Notably, reports from the National Highway Traffic Safety Administration (NHTSA) in January 2023 revealed 31,785 traffic-related fatalities in the USA for 2022, alongside 42,915 deaths in 2021. Moreover, the American Burn Association (ABA) reported 450,000 major burn injuries annually in the USA. These incidents, coupled with global statistics from the World Health Organization (WHO) indicating 4.4 million annual injury-related fatalities, are key drivers propelling the advanced wound care market.

An emerging trend in the advanced wound care market is product innovation, which is gaining substantial traction. Leading companies in this sector prioritize developing innovative products tailored to meet patient needs and address unmet clinical requirements in surgical, chronic wounds, and burns. Such innovations afford these market players a competitive edge. For instance, in October 2023, DuPont de Nemours, Inc., a US-based chemical company, launched Liveo MG 7-9960 Soft Skin Adhesive. This soft elastomeric silicone adhesive is specifically designed to affix medical devices to the skin, boasting high adhesion force, prolonged wear time, and gentle removal. Developed with low content cyclosiloxanes, the product caters to advanced wound care and wearable device Original Equipment Manufacturers (OEMs), enhancing dressing and patch offerings with improved wear performance and design flexibility.

Major corporations within the advanced wound care market are directing their efforts toward pioneering technologies such as Aquacel Hydrofiber Technology, aiming to cater to healthcare providers and patients' needs. Aquacel Hydrofiber Technology represents a pliable, absorbent material that undergoes a gel transformation upon contact with wound fluid. For instance, in January 2023, Convatec Group plc, a UK-based medical device company, introduced ConvaFoam, an advanced foam dressing. Tailored to tackle the challenge of healing-resistant wounds, which pose significant economic, clinical, and societal burdens expected to escalate, ConvaFoam stands out as the sole foam dressing incorporating superabsorbent fibers and AQUACEL Hydrofiber technology. Moreover, it's designed to optimize wear duration with a silicone adhesive specifically engineered for an ideal balance of adhesive strength, skin compatibility, and breathability.

In December 2021, Essity AB, a Sweden-based company specializing in hygiene and health, completed the acquisition of Hydrofera for $116 million. This strategic move by Essity AB is aimed at bolstering its innovative capacities and expanding its array of advanced wound care products. Hydrofera, a US-based enterprise renowned for its advanced wound care products and technology, aligns with Essity AB's overarching objectives in the wound care sector.

Major companies operating in the advanced wound care market report are Integra Lifesciences Corp., Molnlycke Health Care, Johnson And Johnson Services Inc., Medline Industries Inc., Medtronic plc, Organogenesis Holdings Inc., Smith & Nephew plc, B. Braun Melsungen AG, Coloplast A/S, ConvaTec Group plc, Hollister Incorporated, URGO Medical Ltd., Lohmann And Rauscher GmbH & Co. KG, MiMedx Group Inc., Zimmer Biomet Holdings Inc., Misonix Inc., Cardinal Health Inc., BSN medical GmbH, Paul Hartmann AG, Nestle Health Science SA, AstraZeneca plc, Johnson & Johnson Medical Devices group, Becton, Dickinson and Company, Lohmann & Rauscher International, Stryker corporation, Dabur Ltd., Beiersdorf AG, Hologic Inc., Pfizer Inc., Sanofi SA.

North America was the largest region in the advanced wound care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the advanced wound care market report during the forecast period. The regions covered in the advanced wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the advanced wound care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The advanced wound care market consists of sales of advanced wound dressings, and infection prevention dressings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.