Advanced Wound Care Market by Product (Infection Management, Exudate Management, Active Wound Care, and Therapy Devices), Application (Chronic Wounds and Acute Wounds), and End User (Hospitals and Community Health Service Centers): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global advanced wound care market size was valued at $8,978.0 million in 2020, and is projected to reach $14,190.5 million by 2030, registering a CAGR of 4.6% from 2021 to 2030.
What are the market values / growth % of emerging countries?
North america holds the total share of 43.98% while the Asia-pacific region is estimated to grow at CAGR of 5.7%. Japan and Italy are estimated to be the most emerging countries in the Advanced wound care market.
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Impact of Covid-19 on Advanced Wound Care Market-
- The Covid-19 pandemic negatively affected the market due to countrywide lockdown and canceled or postponed elective surgeries. Moreover, the prolonged lockdown disrupted the supply chain and increased the prices of medical equipment and raw materials.
- However, the increase in skin injuries in medical care providers is expected to boost the demand for advanced wound care.
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3D printing of human skin:
A team of researchers has successfully demonstrated a prototype for a 3D bioprinter that can create human skin. The printer can create layers of epidermis and dermis including fibroblasts that produce collagen. The bioprinter uses injectors with biological components instead of ink and cartridges and every process is controlled by the computer.
The process involves using the patient’s own cells to create autografts, which are essential for treating burn wounds. The 3D printing treatment is comparatively less expensive than manual production owing to the automation and standardization process. However, the treatment uses only human cells and animal cells are strictly avoided to generate human collagen.
Increase in prevalence of chronic wounds significantly over past few years, rise in global geriatric population, and surge in prevalence of diabetes and obesity which can complex the wound infections are the factors that promote the advanced wound care market growth significantly during forecast period.
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
Key market players–
- Adynxx, Inc.
- 3M (Acelity Inc.)
- Smith & Nephew Plc.
- Coloplast A/S
- ConvaTec Group Plc.
- AB (Mölnlycke Health Care AB)
- Essity AB (BSN Medical GmbH)
- Medtronic Plc.
- Integra Lifesciences (Derma sciences)
- Investor Johnson & Johnson
- Medline Industries, Inc.
- B Braun Melsungen AG
- Organogenesis Holdings Inc.
On the basis of application, the chronic wounds segment dominated the market in 2020, contributing to more than two-thirds of the market. Moreover, the segment is projected to manifest the highest CAGR of 4.7% during the forecast period. The report also analyzes the acute wounds segment.
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