USD 6.7 billion
Report ID: SQMIG35D2009 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 96 | Figures: 76
Advanced Wound Care Market size was valued at USD 6.7 billion in 2021 and is poised to grow from USD 7 billion in 2022 to USD 10.8 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).
Advanced wound care products are used to treat acute and chronic diseases. The conventional wound care products and solutions are now being replaced by advanced wound care products as they offer instant and effective treatment. The dressings for chronic injuries and surgeries consist of slivers and alginates which are used to keep the wound away from infection. Moreover, biomaterials and skin grafts are used for wounds that cannot heal by themselves. Thus, with the market seeing a rise in new and more advanced products, which is likely to aid the market growth.
The changing demographics in terms of age and the rising preference for value-based services will boost the market growth. The demand for at-home health services is more among the aging population, which increases the demand for healthcare providers. Another factor that affects market growth is government support.
US Advanced Wound Care Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.7 billion
Largest Segment
Surgical
Fastest Growth
Traumatic
Growth Rate
5.4% CAGR
To get more reports on the above market click here to Buy The Report
The Global advanced wound care market is segmented by Product (Dressings (Foam, Hydrocolloid, Film, Alginate), NPWT, Debridement Devices, Grafts, Matrices, Topical Agents), By Wound Type (Surgical, Traumatic, Ulcers, Burns), By End User (Hospital, Homecare) &. Based on region Advanced Wound Care Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Advanced Wound Care Market Analysis by Product
Based on product, the advanced wound care market is divided into dressings, devices & accessories, grafts & matrices, and topical agents.
The dressings segment accounted for the largest proportion of the advanced wound care market in 2020, owing to increased spending on chronic and surgical wounds, an increase in the frequency of burn injuries, and technological advancements in dressings.
Advanced Wound Care Market Analysis by Wound Type
The Surgical and traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns & other wounds are the wound types that the advanced wound care market is divided into. In 2020, surgical and traumatic wounds held the largest share of the advanced wound care market. The growth of this category is being driven by factors such as the increasing number of surgical procedures performed and the rising frequency of chronic illnesses.
To get detailed analysis on other segments, Request For Sample Report
North America dominated the market in terms of revenue and market share. Factors such as the rising number of road accidents, sports injuries, and several key players in the region were responsible for this growth. Asia-Pacific provides profitable opportunities for well-established players in the advanced wound care market. The growth of this region is mainly because of rising in the geriatric population. Europe will register significant growth in the future because of better health infrastructure in countries such as Germany, UK, etc.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Advanced Wound Care Market Driver
Advanced Wound Care Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
As the market is semi consolidated, the market penetration will rise in the future. Along with this collaborations, and mergers & acquisitions activities are increasing in the market, which is expected to make penetration easier. For example, in April 2019, Smith and Nephew PLC acquired Osiris Therapeutics, Inc., intending to accelerate the development of its advanced wound management product portfolio. The initiative will expand its customer base.
Advanced Wound Care Market Top Players Company Profiles
Advanced Wound Care Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research has identified that the advanced wound care business is very dynamic, and significant developments have happened in recent years. The acquisition of minor firms by larger players is a major trend in this market. Small businesses have significant R&D capabilities but lack the financial resources to seek approvals and take items to market. Large players with strong financial positions are more likely to purchase these small players and explore their creative technologies to build advanced products.
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 6.7 billion |
Market size value in 2030 | USD 7 billion |
Growth Rate | 5.4% |
Base year | 2021 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Advanced Wound Care Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Advanced Wound Care Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Advanced Wound Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Advanced Wound Care Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTGet lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG35D2009