What is Wound Healing Market Scope?
The wound healing is a complex process in which the skin, and the tissues under it, repair themselves after injury. It is depicted in a discrete timeline of physical attributes constituting the post-trauma repairing process. In undamaged skin, the epidermis i.e. surface layer and dermis i.e. deeper layer form a protective barrier against the environment. When the barrier is broken, a regulated sequence of biochemical events is set into motion to repair the damage. This process is divided into predictable phases including blood clotting, inflammation, tissue growth, and tissue remodeling. The process of wound healing is complex as well as fragile, and it is susceptible to failure leading to the formation of non-healing chronic wounds. Diabetes, venous or arterial disease, infection, and metabolic deficiencies of old age contributes to the non-healing chronic wounds. Wound care encourages and speeds wound healing via cleaning and protection from re-injury and infection. Depending on the individual patients need, it can range from the simplest first aid to entire nursing specialties such as wound ostomy and continence nursing and burn center care.
Wound Healing Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Rising Rate of Trauma Injuries and Road Accidents
- Introduction of Advanced and Efficient Wound Care Therapies and Products
- Growing Geriatric Population and Rise in the Number of Patients Suffering From Diabetes & Obesity
- Growing Adoption of Stem Cell Therapy for Healing Of Chronic Wounds
- Increasing Number of Chronic-Wound Patients
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Influencing Trends | - Technological Advancements in Wound Healing Products
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Restraints | - Risk Associated with the Wound Healing
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Road Blocks / Challenges | - The Intense Competition among the Players
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Gaps & Opportunities | - The Rising demand from Emerging Economies
- Increasing Research in the field of Wound Healing
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The Wound Healing market study is being classified by Type (Dressings, Bandages, Tropical Agents, Wound Closure Agents, Gauges & Sponges, Tapes and Therapy Devices), by Application and major geographies with country level break-up.
According to AMA, the Global Wound Healing market is expected to see growth rate of % and may see market size of USD26.7 Billion by 2027.3M Healthcare (United States), Acelity L.P., Inc. (United States), B. Braun Melsungen AG (Germany), BSN medical (Germany), Cardinal Health (United States), Coloplast Group (Denmark), Hollister Incorporated (United States), Integra LifeSciences Corporation (United States), Medline Industries, Inc. (United States) and Mölnlycke Health Care AB (Sweden) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Organogenesis Inc. (United States) and Smith & Nephew plc. (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Wound Healing market by Type, Application and Region. On the basis of Type, Dressings are dominating the market in the year 2021
On the basis of geography, the market of Wound Healing 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).
Market Influencers and their Development Strategies
On 2 July 2018, the world-leading medical solutions company, Mölnlycke, has acquired German wound care products company, SastoMed GmbH. The deal adds new, award-winning products to Mölnlycke’s offer enabling it to further help healthcare professionals and patients by accelerating the wound healing process and treating chronic wounds.
On 6 Aug 2018, B. Braun Medical Inc.’s launched Prontosan Wound Gel X, which is now available in a patient-friendly 1-ounce tube. This smaller Gel X tube provides patients a convenient as well as economical size for at home personal care, compared to the much larger 250-milligram tube that was designed for healthcare facilities. and On 2 Feb 2018, Hollister Incorporated, an independent, employee-owned company that develops, manufactures, and markets healthcare products have announced the decision to divest portions of its Wound Care business. The Hollister Wound Care product portfolio includes brands TRIACT, Hydrofera Blue, Endoform, and FastCast, among others.
Key Target Audience
Product Manufacturers, Wound Healing Associations, Research and Consulting Firms, Contract Manufacturers of Wound Healing Products, Healthcare Institutes (Hospitals, Medical Schools, Diagnostic Centers, .and Outpatient Clinics), Research Institutes, Venture Capitalists, Insurance Providers (Payers) and Government Bodies
Wound Healing Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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