Advanced Wound Management - Paving its Way through Chronic Wound Management
The treatment of chronic wounds requires advanced wound care therapies, which generally take a long time to heal. The incidence of diabetic ulcers is growing rapidly due to the high incidence of Type I as well as maturity-onset diabetes across the world. At present, more than 4.5 million patients worldwide are suffering from pressure ulcers, who require treatment. In addition, there are more than 9.7 million venous ulcer and approximately 10.0 million diabetic ulcer patients in the world who require treatment. All these factors are expected to drive the advanced wound management market.
Top 3 Factors Shaping the Advanced Wound Management Market
Need for the Treatment of Complex Wounds
Advanced wound management products are designed for the treatment of complex wounds. These products perform various functions, which include allowing oxygen flow, stabilising temperature around the wound, the removal of dead tissues, infection control, and reducing pain during the changing of dressings. Silver is a very effective modality for the prevention or treatment of infection caused due to various viruses, bacteria, moulds, and fungi, as it has less adverse effects. Advancements in advanced wound management, such as growth factors and biologic wound products, help in the treatment of multiple complex wounds in an effective manner.
Surge in the Number of Surgeries and Cases of Trauma & Burns
Increasing number of surgeries and cases of chronic disorders across the globe are associated with the increasing use of advanced wound products. According to the data from epidemiological studies, the incidence of chronic ulcers in surgical patients in China is 1.5%-20.3%.
Road accidents and violence are among the major causes of trauma. India has a high number of road accident cases due to over population and lack of traffic security. Burns and traumatic injuries also contribute to acute wounds, which require advanced therapies. According to the National Burn Repository (NBR) of the American Burn Association (ABA), around 486,000 burn injuries are treated every year in the U.S. The number burn cases is growing at the rate of 1-2% per annum, which is consequently expected to boost the advanced wound management market.
Growth in the NPWT Pipeline
NPWT is one of the most prominent segment of the advanced wound management market with a significantly high growth rate. Due to persistent unmet needs and growing global prevalence of chronic and acute disorders, interest in NPWT devices is expected to grow in the forthcoming years. Nearly half of these studies are aimed towards improving chronic and acute disorders and reducing complications related to wounds. There are approximately 31 ongoing clinical programs for NPWT devices across the globe at different stages of development. Majority of these programs are aimed at effectively improving the quality of wound healing. Phase unknown clinical trials accounted for 83.9% of the total active clinical programs. Most of these programs were competed by 2016 and 2017, which suggests that there is a significant growth opportunity for the NPWT devices market. Acelity (Kinetic Concepts, Inc.) is a leader in NPWT devices space with over 18 active NPWT programs in the pipeline.
Advanced Wound Management Market Structure Analysis
- The advanced wound management market is a consolidated market in which the top players hold over three-fourth of the market share
- Health Care AB, ConvaTec Group Plc, Smith & Nephew Plc, 3M Health Care Ltd, Acelity L.P. Inc., Coloplast A/S, Mölnlycke Health Care, and B. Braun Melsungen AG are among the major players in the advance would management market
- Most players in the advanced wound management market are focused on developing strategic partnerships for enhancing their product portfolios as well as for improving the reach of their products across the world
Frequently Asked Questions about Advanced Wound Management Market
Which region is expected to lead the global advanced wound management market?
North America is expected to dominate the global advanced wound management market in terms of revenue during the forecast period. Countries in the Asia Pacific such as India and China, are expected to remain targeted geographies and provide numerous opportunities for regional and key players operating in the advanced wound management market.
Which product type segment is expected to be most attractive in the advanced wound management market?
Advanced wound dressings product type is expected to hold more than 60% of revenue share in the advanced wound management market, owing to increasing consumer preference from traditional wound dressings to advanced dressings for the treatment and management of chronic wounds.
Which application segment is expected to dominate the advanced wound management market?
Chronic ulcers application type contributed highest market value share in global advanced wound management market and this trend is expected to continue during the forecast period, owing to extensive use of advanced wound management for chronic ulcers treatment. Growing prevalence of venous leg ulcers, diabetic foot ulcers, and pressure ulcers propel the demand for the wound dressings.
Who are the major players contributing to the growth of the Advanced Wound Management market?
ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are some of the key players operating in the advanced wound management market. Introduction of new technologically advanced products and effective marketing are the key strategies practised by leading market players to improve their product portfolio and increase market share.
What are the major factors that hamper advanced wound management market growth?
The significant difference in costs, patients and health care providers are reluctant to adopt advanced wound care products, which is expected to be a major challenge for the growth of the advanced wound management market. The market in Asia is price sensitive and have inhibitions on investing in advanced wound care. These are often only affordable among the elite population, which is expected to hamper the growth of the market
Advanced Wound Management Market Set to Grow by 1.5X between 2018 and 2028
Rising prevalence of chronic wounds, growing geriatric population, growing awareness & healthcare expenditure, the need for the treatment of complex wounds, and a surge in the number of surgeries & cases of trauma and burns are some of the factors that are driving the advanced wound management market.
Emerging Countries in the Advanced Wound Management Market – Western Europe Promising New Growth Opportunities
North America and Western Europe are expected to contribute a share of about 60% in the advanced wound management market in 2017. Healthy growth is expected in the advanced wound management market in regions such as Western Europe, North America, and Asia Pacific. This growth can be attributed to the increasing demand for these therapies in hospitals and community set-ups. Furthermore, efficient developments are increasing the sales of advanced wound management products in these regions.
The Broader Perspective
The artificial skin substitutes market or regenerative artificial skin market is expanding at a promising growth rate across the world owing to the rising prevalence of various ulcers (diabetic and vascular), the high demand for these products like advance wound dressings, and the growing preference for skin substitutes for dermal surgery. Acellular, cellular allogeneic, and cellular autologus are the major types of skin substitute products. Skin substitute products have important role in the treatment of deep dermal and full thickness wounds of various aetiologies.
Advanced wound dressing remains among the top-selling categories, with a share of over two-thirds of the market
NPWT devices are expected to continue to witness a relatively higher growth rate.
The wound contact layer and superabsorbent dressings segments have a relatively low market share.
Almost two-thirds of the advanced wound care market is generated through chronic ulcers.
The non-healing surgical wounds segment is expected to grow at a relatively low rate.
Hospitals remain among the prominent end users of advanced wound management products as they are the first preference for patients seeking medical care.
The clinics segment is expected to continue to witness a relatively higher growth rate.
How Growth will Unfold
Due to cost-effectiveness, alginates have steadily gained popularity over the past few years. Owing to the anti-infective properties of silver-induced alginate dressings, their adoption has increased among the medical fraternity. Moreover, the market for alginates is expected to grow steadily in developing countries with increased affordability and rising purchasing power. Some of the common brands of alginates include Algidex Ag, 3M Tegaderm Alginate Ag, and KALTOSTAT. These are commonly used to treat wounds with heavy exudation, especially leg ulcers and deep wounds.
Hospitals | Clinics | Ambulatory Surgical Centers | Skilled Nursing Facilities | Other Facilities
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Advance Wound Management Market: Global Industry Analysis 2007-2017 and Opportunity Assessment 2018-2028
A recent market study published by FMI “Advance Wound Management Market: Global Industry Analysis 2007-2017 and Opportunity Assessment 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Advanced Wound Management market, the growth prospects of the market are obtained with maximum precision.
Advanced Wound Management Market Taxonomy
The global advanced wound management market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Product
- Advance Wound Dressings
- Foam
- Hydrocolloid
- Hydrofiber
- Film
- Alginate
- Hydrogel
- Collagen
- Wound Contact Layer
- Superabsorbent Dressings
- NPWT Devices
- Standalone NPWT Devices
- Single use disposable NPWT Devices
- Portable NPWT Devices
- NPWT Accessories
By Application
- Chronic Wounds
- Venous Leg Ulcers
- Diabetic Foot Ulcers
- Pressure Ulcers
- Non-Healing Surgical Wounds
- Traumatic Wounds
- Burn Cases
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Skilled Nursing Facilities
- Other Facilities
Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding China
- China
- Middle East & Africa
What's Included
The report commences with the executive summary of the Advanced Wound Management market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the advanced wound management market.
Readers can find the detailed taxonomy, definition and parent market analysis of the Advanced Wound Management market in this chapter, which will help them understand the basic information about the Advanced Wound Management market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Advanced Wound Management market report.
The report provides key macroeconomic factors that are expected to impact the market growth during the forecast period and opportunities that the market presents for new as well as existing players.
This chapter gives a detailed explanation of the market dynamics including the drivers, restraints and recent trends of the market that may affect the growth during the forecast period. The chapter also provides a global economic outlook for the same.
This chapter economic outlook for very region, reimbursement scenario, pipeline analysis, epidemiology study, consumable market ecosystem, wound category v/s advanced wound technology matrix and pricing analysis.
This chapter includes a detailed analysis of the growth of the North America Advanced Wound Management market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the market attractiveness index and key players intensity mapping in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Advanced Wound Management market. This chapter also includes the growth prospects of the Advanced Wound Management market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Advanced Wound Management market based on its end users in several countries, such as Russia, Poland and the Rest of Eastern Europe, are included in this chapter.
Important growth prospects of the Advanced Wound Management market based on its end users in several countries, such as Germany, U.K., France, Italy, Spain, Netherlands and the Rest of Western Europe, are included in this chapter.
India, Australia & New Zealand, ASEAN are the leading countries in the APEC region that are the prime subjects of assessment to obtain the growth prospects of the APEC Advanced Wound Management market in this chapter. Readers can find detailed information about the growth parameters of the APEC Advanced Wound Management market during the period 2019-2029.
In this chapter, the growth prospects of the China Advanced Wound Management market is assessed.
This chapter provides information about how the Advanced Wound Management market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, and the rest of MEA, during the forecast period 2018 - 2028.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the Advanced Wound Management market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Advanced Wound Management market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are B.Braun Melsungen AG, Molnlycke Health Care, ConvaTec Group Plc., Coloplast A/S, Sigvaris, Acelity L.P. Inc., 3M, BSN Medical, Ehicon Inc, Medline Industries Inc., Smith & Nephew Plc among others.
This chapter explains how the Advanced Wound Management market will grow across various geographic regions, such as North America, Latin America, Eastern Europe, Western Europe, APEC, China, the Middle East & Africa (MEA)
Based on product type, the Advanced Wound Management market is segmented into advanced wound dressings, wound contact layer, superabsorbent dressings and NPWD Devices. In this chapter, readers can find information about the key trends and developments in the Advanced Wound Management market and market attractiveness analysis based on the product type.
This chapter provides details about the Advanced Wound Management market on the basis of application, and has been classified into chronic ulcers that include venous leg ulcers, diabetic foot ulcers, pressure ulcers, and non-healing surgical wounds such as traumatic wounds, and burn cases. In this chapter, readers can understand the market attractive analysis based on application.
This chapter provides details about the Advanced Wound Management market on the basis of end user, and has been classified into hospitals, clinics, ambulatory surgical centers, skilled nursing centers, and other facilities. In this chapter, readers can understand the market attractive analysis based on end users.
This section explain the global market value analysis and forecast for the Advanced Wound Management market between the forecast periods of 2007 - 2028 is highlights in this section. This chapter includes the detailed analysis of the historical Advanced Wound Management market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 – 2019), and an incremental opportunity for the forecast period (2018 – 2028).
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Advanced Wound Management report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Advanced Wound Management market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Portfolio Managers
- Purchasing Managers
- Medical Officers
- Device Development Heads
- Strategy Advisors
- R&D Managers
- Product Manufacturers
- Distributors
- Component Suppliers / OEMs
- Hospital Purchasing Departments
- Physicians / Nursing Managers
- Industry Experts
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Product Adoption, Installed Base, Replacement Cycles, Refurbishment
- Regulatory Landscape
- Products in Pipeline and Clinical Development
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
Secondary Research
- Industry Magazines
- Factiva
- Association for the Advancement of Wound Care
- Wound Healing Society
- Company Press Releases
- Annual Reports and Investor Presentations
- Peer-reviewed Journals
- Government Websites and Publications
- Trade Websites
- Clinical Trial Registries
- Country-specific Regulatory Authorities
- World Bank, WHO, IMF, OECD
Primary Interview Splits
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