Wound Management Disposable Market Scope
Wound management is an essential part of the operation. The Hospitals and Clinics segment had the largest market share as these systems are used in healthcare facilities to increase patient satisfaction, improve the quality of care, and increase nurse productivity. In addition, these systems are widely used by hospitals and healthcare providers in critical cases. Hospitals also have better health infrastructure and staff, making them the largest segment. With the increase in Covid-19 infections worldwide, concerns about a lack of life-saving devices and other important medical aids to prevent the spread of this pandemic and to provide optimal care for those infected are also growing. Until a pharmacological treatment is developed, ventilators are an important treatment preference for those COVID-19 patients who may need intensive care.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), Medtronic (Ireland), Becton and Dickinson (United States), Boston Scientific (United States), Medline Industries (United States), Derma Sciences (United States), Kinetic Concepts (United States), Cardinal Health (United States), Ansell Limited (Australia), Johnson & Johnson (United States) and 3M (United States) |
CAGR | 3.6% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wound Management Disposable market throughout the predicted period.
Abbott Laboratories (United States), Medtronic (Ireland), Becton and Dickinson (United States), Boston Scientific (United States), Medline Industries (United States), Derma Sciences (United States), Kinetic Concepts (United States), Cardinal Health (United States), Ansell Limited (Australia), Johnson & Johnson (United States) and 3M (United States) are some of the key players that are part of study coverage.
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 Wound Management Disposable market by Type , by Application (Emergency Care, Outpatient Facilities, Hospitals and Home Healthcare Facilities) and Region with country level break-up.
On the basis of geography, the market of Wound Management Disposable 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 2021, Smith & Nephew unveiled ARIA Home PT, a component of the ARIA suite of solutions, introducing a remote physical therapy product.
In April of 2021, 3M Company introduced the 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576, boasting an extended wear time of 21 days to enhance user compliance and offer both health and economic advantages.
Influencing Trend:
Growing Prevalence of Chronic Diseases Leading To Longer Hospital Admission, Rising Inclination towards Products That Enhance Therapeutic Outcomes, Increasing the Prevalence of Chronic Diseases and Rising Incidence of Hard-To-Heal Wounds
Market Growth Drivers:
Increasing Number of Surgical Procedures, Rising Geriatric Population, Rising Incidence of Hospital Acquired Infections (HAIs) and The Impact of Covid-19 Outbreak across the Globe
Challenges:
Regular Maintenance of Sterilization Challenges
Restraints:
Increasingly Substituted With Advanced Wound Care & Closure Products
Opportunities:
Increase in Healthcare Expenditure and Expansion of the Healthcare Infrastructure, And Vast Patient Pool
Key Target Audience
Providers of Wound Management Disposable, End-Users, Potential Investors, Market Research Firms and Others