Advanced Wound Care Market Scope
Advanced wound care means the process of wound healing through advanced products. The products for wound healing are generally prescribed by clinicians after visiting the doctor or hospital. There is a variety of advanced products available in the medical stores for wound care such as film and foam dressing and others. Such products are largely focused on keeping the wound hydrated to encourage healing. Clinicians may prescribe advanced wound care products for more severe wounds that are more prone to infection and scarring, like amputations and deep lacerations. Advanced Wound Care portfolio allows patients to effectively manage wound treatment across the continuum of care.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Acelity (United States), Axio Biosolutions Private Limited (United States), Smith & Nephew (United Kingdom), Kinetic Concepts (United States), BSN Medical (Germany), Elkem Silicones (France), Molnlycke Health Care (Sweden), ConvaTec Group PLC (United Kingdom), Integra Lifesciences Corporation (United States) and Advanced Medical Solutions Group (United Kingdom) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Advanced Wound Care market throughout the predicted period.
Acelity (United States), Axio Biosolutions Private Limited (United States), Smith & Nephew (United Kingdom), Kinetic Concepts (United States), BSN Medical (Germany), Elkem Silicones (France), Molnlycke Health Care (Sweden), ConvaTec Group PLC (United Kingdom), Integra Lifesciences Corporation (United States) and Advanced Medical Solutions Group (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Coloplast A/S (Denmark), Lohmann & Rauscher (Germany), Pharmaplast S.A.E. (Egypt), Medline Industries (United States), Hollister Incorporated (United States), Integra Lifesciences Corporation (United States), Harro Höfliger (Germany), Avery Dennison (United States), Urgo Medical (France), MiMedx Group Inc. (United States) and Alliqua BioMedical (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Advanced Wound Care market by Type , by Application (Acute Wounds, Chronic Wounds, Surgical Wounds and Others) and Region with country level break-up.
On the basis of geography, the market of Advanced Wound Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2019, 3M has entered into a definitive agreement to acquire Acelity Inc., a recognized leading provider of advanced wound care technologies and solutions. This acquisition bolsters the 3M Medical Solutions business and supports its growth strategy to offer comprehensive advanced and surgical wound care solutions to improve outcomes and enhance the patient and provider experience.
In February 2019, Axio Biosolutions, Axio is a medtech R&D and Manufacturing Company launched the MaxioCel the next generation Chitosan-based advance wound care product range. The ‘first of its kind’ product is expected to provide comfort and faster healing to patients suffering from chronic wounds, such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, cavity wounds, and others. and In September 2019, Huntleigh, a leading global provider of innovative and high-quality medical equipment for healthcare professionals launched the advanced treatment device for lower limb wound healing. Innovative technology is designed to assist in the management of hard-to-heal leg ulcers.
Influencing Trend:
Wound Care Products are Trending Because they Allow Oxygen Flow, Keep Temperatures Consistent and Remove the Dead Tissue, Effective and User-Friendly Product and Advanced Dressing is Simple to Apply & Remove & Always Provide a Close Comfortable Fit
Market Growth Drivers:
Increasing Demand for Advanced Wound Care Products for Quick and Painless Treatment to Patients and Rising Demand from Hospitals & Clinics
Challenges:
Challenge to the Wound Care Professionals and Consume A Great Deal of Healthcare Resources around the Globe
Restraints:
Some Advanced Wound Care Dressing May Be Difficult to Remove and Advanced Wound Care Dressing Such as Chronic Wound Dressing is Expensive
Opportunities:
Increasing Geriatric Population Globally and Technology Innovation in Medical Sector
Key Target Audience
Advanced wound Care Product Manufacturers, Medical Association, Regulatory & Government Bodies, Research Institutes, End-Users and Others