Advanced Wound Care Market worth $12.8 billion by 2026 - Exclusive Report by MarketsandMarkets™

CHICAGO, Dec. 15, 2022 /PRNewswire/ -- Advanced Wound Care Market is projected to reach USD 12.8 billion by 2026 from USD 9.4 billion in 2021, at a CAGR of 6.2% according to a new report by MarketsandMarkets™. The increasing spending on chronic wounds, growing prevalence of diseases & conditions affecting wound healing capabilities, and technological advancements are among the major factors propelling the growth of this market. Emerging economies such as China, Japan, and India are providing lucrative opportunities for the players operating in the advanced wound care market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88705076

Browse in-depth TOC on "Advanced Wound Care Market"

225 - Tables
47 - Figures
289 – Pages

In vitro Diagnostics Market Scope

The dressings segment accounted for the largest share of the advanced wound care market, by product segment, in 2020

Based on products, the advanced wound care market is segmented into dressings, devices & accessories, grafts & matrices, and topical agents. The dressings segment accounted for the largest share of the advanced wound care market in 2020. Factors such as the growing prevalence of chronic, surgical, and traumatic wounds; rising incidence of burn injuries; and technological advancements in dressings are boosting the market growth of this segment.

Surgical & traumatic wounds segment to register the highest growth rate during the forecast period

The advanced wound care market has been segmented into surgical & traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns & other wounds. In 2020, the surgical & traumatic wounds segment accounted for the highest growth rate. Factors such as the increasing prevalence of chronic conditions and the growing number of surgical procedures performed are expected to drive the growth of the surgical & traumatic wounds segment.

The hospitals, ASCs, and wound care centers segment accounted for the largest share of the advanced wound care market, by end user segment, in 2020

Based on end users, the advanced wound care market is segmented into hospitals, ASCs, and wound care centers; home care settings; and other end users. In 2020, the hospitals, ASCs, and wound care centers segment accounted for the largest share of the advanced wound care market. The large number of treatment procedures conducted in hospitals, availability of reimbursements, and high patient inflow in this care setting are driving this segments growth.

North America is the largest regional market for advanced wound care market

The global advanced wound care market has been segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the advanced wound care market. The large share of this region can be attributed to the increasing demand for advanced wound treatment options like advanced wound care products, the highly developed healthcare system in the US and Canada and increasing prevalence of chronic disorders.

Advanced Wound Care Market Dynamics:

Drivers:

1.  Growing prevalence of diseases & conditions affecting wound healing capabilities

a.  Growing geriatric population

b.  Increasing prevalence of diabetes

c.  High incidence of obesity

d.  Increasing number of surgical procedures across the globe

e.  Increasing number of traumatic wounds

2.  Increasing spending on chronic wounds

3.  Increasing incidence of burn injuries

4.  Technological advancements

Restraints:

1.  High cost of advanced wound care products

2.  Risks associated with the use of advanced wound care products

Opportunities:

1.  Growth potential of emerging economies

Trends:

1.  Acquisitions by leading companies in the market

2.  Focus on expanding the capabilities of current technologies and launching novel products

a.  Smart advanced wound care

b.  Crab shell bandages

c.  Color changing dressings

d.  Integration of nanotechnology in advanced wound care products

e.  Novel wound

Key Market Players:

The major players operating in advanced wound care market are 3M Company (US), Smith & Nephew plc (UK), ConvaTec Group Plc (UK), Coloplast A/S (Denmark), Mölnlycke Health Care AB (Sweden), Integra LifeSciences Holdings Corporation (US), PAUL HARTMANN AG (Germany), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (US), Organogenesis Holdings Inc. (US), Misonix, Inc. (US), MiMedx Group, Inc. (US), Zimmer Biomet Holdings, Inc. (US), Lohmann & Rauscher GmbH & Co. KG (Germany), DeRoyal Industries, Inc. (US), Medline Industries, Inc. (US), DermaRite Industries, LLC (US), Kerecis (Iceland), Advancis Medical (UK), Winner Medical Co., Ltd. (China), Hollister Incorporated (US), Mil Laboratories Pvt. Ltd. (India), Shield Line (US), ZENI MEDICAL (US), Carilex Medical (Germany), Pensar Medical, LLC (US), Wuhan VSD Medical Science & Technology Co., Ltd. (China), and HAROMED B.V. (Belgium).

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=88705076

Recent Developments:

• In March 2020, Smith & Nephew plc (UK) launched the PICO 14 Single-use NPWT System (NPWT) and dressing in the US.
• In January 2020, ConvaTec Group Plc (UK) launched ConvaMax, an advanced wound dressing that helps in managing highly exuding wounds, including leg ulcers, surgical wounds, and diabetic foot ulcers.
• In June 2019, Mölnlycke Health Care AB (Sweden) partnered with Zuellig Pharma (Singapore) to leverage its deep expertise to improve the availability of wound care products and solutions across the region.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=88705076

Browse Adjacent Market: Medical Devices Market Research Reports & Consulting

Related Reports:

Animal Wound Care Market - Global Forecasts to 2027

Medical Supplies Market - Global Forecasts to 2027

Veterinary Equipment and Supplies Market - Global Forecasts to 2027

Wound Care Biologics Market - Global Forecasts to 2027

Veterinary Ultrasound Market - Global Forecasts to 2027

About MarketsandMarkets™:

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/advanced-wound-care-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/advanced-wound-care.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg