Global Wound Care Market Outlook by Product, Wound Type, End-user and Geography - Forecast to 2024

Monday, 21. October 2019 15:15

Dublin, Oct. 21, 2019 (GLOBE NEWSWIRE) -- The "Wound Care Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global wound care market is growing at a CAGR of over 5% during the forecast period 2018-2024.

Key Market Insights

  • This report provides the following insights into the wound care market for the forecast period 2019-2024.
  • Offers market sizing and growth prospects of the wound care market for the forecast period 2019-2024.
  • Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the wound care market.
  • Includes a detailed analysis of market growth drivers, challenges, and investment opportunities.
  • Delivers a complete overview of market segments and the regional outlook of the wound care market.
  • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the market.

The adoption of wound care biologics is augmenting the growth of the global wound care market. The commercial availability of a wide array of wound biologics is likely to encourage many end-users to use them in treating wounds as they are clinically proven, safe, and effective than other products.

The growing incidence of infections caused in lesions is another factor accelerating the growth of anti-microbial dressings market segment. Anti-microbial agents such as chlorhexidine, maggots, silver, iodine, and honey are increasingly becoming important in the global wound care market. Therefore, the incorporation of anti-microbial agents in wound dressing products is improving clinical outcomes for the treatment of wounds, thereby driving the global wound care market.

The following factors are likely to contribute to the growth of the wound care market during the forecast period:

  • Growing Focus on the Development and Commercialization of Wound Biologics
  • The emergence of Stem Cell Therapy for Wound Healing
  • New Product Approvals/Launches
  • Increasing Number of Surgical Procedures

Wound Care Market: Segmentation

This research report includes detailed market segmentation by products, wound type, end-users, and geography.

The increase in the geriatric population is a major contributing factor for the growth of the advanced wound care segment as the prevalence of diabetes and other diseases is more common in the elderly age group than youth. The advanced segment is also growing as the majority of market players are offering innovative products to meet the demand for wound care worldwide. The rising incidence of diabetes and associated diabetic foot ulcers in the elderly population globally is fueling steady growth for traditional products. The market is also growing steadily as products such as gauze bandages and adhesive bandages witness sustainable demand for small cuts, bruises as well as for chronic wounds and burns, especially in developing countries. Developing regions such as Africa, Asia, and Latin America are the largest contributors to the traditional products.

The acute wound market is growing mainly due to the rise in surgical site infections (SSI) and the increase in the number of burn cases worldwide. Chronic wounds do not heal through the normal healing process. The segment is growing due to the growing burden of diabetic foot ulcers, venous leg ulcers, pressure ulcers, and some surgical site infections that do not heal naturally or with medicines. Further, about 70% of lower-extremity ulcers are caused by chronic venous insufficiency. People aged 65 years or above are vulnerable to venous ulcers. The overweight and obese population also develop a high risk for diabetes and associated chronic wounds. Therefore, the growing incidence of several chronic wounds is driving the growth of the segment.

The shift from traditional lower technology wound care treatments to the adoption of advanced treatments is a major factor for the high share of the hospitals and specialty wound clinic segment. Long-term care facilities segment is growing at a steady pace because of the growing incidence of chronic wounds due to the increase in chronic diseases such as diabetes. The growing elderly population is contributing to the growth of the segment as they are more prone to chronic diseases.

Key Vendor Analysis

The global wound care market is highly competitive and dynamic characterized by the presence of several global, regional, and local vendors, offering a diverse range of products and devices for treating various acute and chronic wounds. There are approximately more than 400 vendors providing a wide array of wound care products worldwide. Multiple product launches, strategic acquisitions, and differentiated products have fueled the growth in recent years. New product launches and strategic acquisitions, collaborations will be crucial for companies to maintain revenue growth in the coming years.

Large and diversified companies account for nearly 48% of the market share. Also, the majority of key players have demonstrated consistent growth in the last three years. Moderate to the high growth of major players will continue to boost the market growth. In addition, both established and emerging players are developing or commercializing wound care products and devices. Major players are focusing on technological innovations, thereby investing substantial amounts on R&D activities for offering advanced wound care products such as advanced wound dressings, skin grafts, and wound biologics.

Key Topics Covered

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Product
4.4.2 Market Segmentation by Wound Type
4.4.3 Market Segmentation by End-user Type
4.4.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Wound Care: An Overview
7.1.1 Background
7.1.2 Wound Care for Acute & Chronic Wounds
7.1.3 Wound Care: Market Snapshot

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Increasing Prevalence of Acute & Chronic Wounds
8.1.2 New Product Approvals/Launches
8.1.3 Increasing Number of Surgical Procedures
8.2 Market Growth Restraints
8.2.1 High Cost of Advanced Wound Care Products & Devices
8.2.2 Limitations & Complications with Wound Care Products & Devices
8.2.3 Intense Competition & Pricing Pressure
8.2.4 Shortage of Resources for Wound Care Treatments
8.3 Market Opportunities & Trends
8.3.1 Focus on Development & Commercialization of Wound Biologics
8.3.2 High Demand for Anti-microbial Wound Dressing Products
8.3.3 Growing Popularity of Natural Surgical Sealants
8.3.4 Emergence of Stem Cell Therapy for Wound Healing

9 Global Wound Care Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis

10 By Product Type
10.1 Market Snapshot & Growth Engine
10.2 Market Overview

11 Advanced Wound Care Products
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Advanced Wound Care Segmentation by Product Type
11.4 Advanced Wound Dressings
11.5 Wound Therapy Devices
11.6 Wound Care Biologics

12 Traditional Wound Care Products
12.1 Market Overview
12.2 Market Size & Forecast

13 Sutures & Stapling Devices
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Market Size & Forecast
13.4 Segmentation by Product Type
13.5 Sutures
13.6 Stapling Devices

14 Hemostats & Surgical Sealants
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Market Size & Forecast
14.4 Segmentation by Product Type
14.5 Hemostats
14.6 Surgical Sealants

15 By Wound Type
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Acute Wounds
15.4 Chronic Wounds

16 By End Users
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Hospitals & Specialty Wound Care Clinics
16.4 Long-term Care Facilities
16.5 Home Healthcare
16.6 Others

17 By Geography
17.1 Market Snapshot & Growth Engine
17.2 Market Overview

18 North America

19 Europe

20 APAC

21 Latin America

22 Middle-East & Africa


23 Competitive Landscape
23.1 Competition Overview
23.2 Market Share Analysis

24 Key Company Profiles
24.1 Smith & Nephew
24.1.1 Business Overview
24.1.2 Smith & Nephew in the Global Wound Care Market
24.1.3 Major Product Offerings
24.1.4 Key Strengths
24.1.5 Key Strategies
24.1.6 Key Opportunities
24.2 Acelity
24.3 Mlnlycke Health Care
24.4 3M
24.5 ConvaTec
24.6 Paul Hartmann
24.7 Coloplast
24.8 Cardinal Health
24.9 Medtronic

25 Other Prominent Vendors
25.1 ACell
25.2 Adhesys Medical
25.3 Advanced Medical Solutions Group
25.4 Advancis Medical
25.5 AediCell
25.6 AlloSource
25.7 AMERX Health Care
25.8 AOTI
25.9 Axio Biosolutions
25.10 Baxter
25.11 B. Braun Melsungen
25.12 BD
25.13 BSN medical
25.14 BTI Biotechnology Institute
25.15 Carilex Medical
25.16 Cohera Medical
25.17 CONMED
25.18 Cork Medical
25.19 Covalon Technologies
25.20 CryoLife
25.21 DeRoyal Industries
25.22 Ethicon
25.23 Grena
25.24 Hollister
25.25 Intergra LifeSciences
25.26 Intuitive Surgical
25.27 Lohmann & Rauscher (L&R)
25.28 Medline Industries
25.29 MiMedx
25.30 MPM Medical
25.31 MTF Biologics
25.32 Ocular Therapeutix
25.33 Organogenesis
25.34 Osiris Therapeutics
25.35 Pters Surgical
25.36 Purple Surgical
25.37 Reach surgical
25.38 Sealantis
25.39 Sechrist
25.40 Sonoma Pharmaceuticals
25.41 Sutures India
25.42 Synovis MCA
25.43 Talley Group
25.44 Triage Meditech
25.45 Tricol Biomedical
25.46 URGO
25.47 Vivostat
25.48 Waston Medical Appliance

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