Wound Care Research Study by Product(Advanced Wound Closure, Advanced Wound Care), by Application(Chronic Wounds, Acute Wounds), by Region: Market Size, Share, Growth, Industry Analysis & Forecast to 2027

Publisher: GB Market Research | Published on: 09 Jan 2021| Category: Healthcare| Pages: 132

The global wound care market size was estimated at over USD 18 billion in 2019 and projected to grow at the CAGR of 4.1% market during 2020-2027. Wound care usually depends on the underlying cause of a wound and the management of the symptoms associate with the wound such as pain, exudate and sepsis. A wound care product should be hypoallergenic, stable and non-toxic. Wounds are further classified as acute and chronic wounds. Chronic wounds take substantial time to heal and are expensive to treat.

Market Insights

The key factor responsible for the development of wound care market is aging population and rising prevalence of chronic wounds. Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds. Traditional wound care & closure products are being substituted by the advanced wound care & closure products because of their efficacy and effectiveness in managing wounds by facilitating faster healing. In base year 2019, the advanced wound closure products of the product segment held the largest market share, because of the rising prevalence of chronic wounds such as diabetic foot ulcers and the growing numbers of surgeries performed. The surgical and traumatic wounds held the largest market in the application segment due to rising number of traumatic accidents, large number of surgeries performed. The wound care market is currently dominated by North America due to increasing prevalence of chronic wounds, favorable reimbursement scenario and developed healthcare infrastructure. Asia-Pacific will be the fastest growing market due to aging population, large number of surgeries performed and rapid development in the healthcare infrastructure.

Market Segment Insights:

The global wound care market is segmented by product such as advanced wound closure (haemostatic and sealing agent, topical tissue adhesive, wound closure devices). Haemostatic and sealing agent are further segmented into surgical sealant, fibrin sealant, gelatin-based sealant, human fibrinogen and thrombin fleece. Wound closure devices is further segmented as mechanical stapling device, ligating clips, wound closure strips. Advanced wound care (moist wound dressings, active wound care and therapy devices), moist wound dressing is further segmented as films, foams, hydrocolloids, hydrogels and collagen. Active wound care is further segmented as skin substitutes and topical agents. Therapy device is further segmented as negative pressure wound therapy, pressure relief devices and others. The advanced wound closure products held the largest market in the product segment. Application segment consist of (Hospitals and clinic, Home healthcare, Research and academia, Pharmaceuticals and biotechnology industry) this segment is dominated by the Hospitals and clinics.

Global Wound Care Market Segmentation:

by Product, 2018–2027 ($ Millon)

  • Advanced Wound Closure
    • Haemostatic And Sealing Agent
      • Surgical Sealant
      • Fibrin Sealant
      • Gelatin-Based Sealant
      • Human Fibrinogen And Thrombin Fleece (HFTF)
    • Topical Tissue Adhesive
    • Wound Closure Devices
      • Mechanical Stapling Device
      • Ligating Clips
      • Wound Closure Strips
  • Advanced Wound Care
    • Moist Wound Dressings
      • Films
      • Foams
      • Hydrocolloids
      • Hydrogels
      • Collagen
      • Others
    • Active Wound Care
      • Skin Substitutes
      • Topical Agents
    • Therapy Devices
      • Negative Pressure Wound Therapy
      • Pressure Relief Devices
      • Others

By Application, 2018–2027 ($ Millon)

  • Chronic Wounds
    • Diabetic Foot Ulcers (DFU)
    • Pressure Ulcer
    • Venous Leg Ulcer
    • Other Chronic Wounds
  • Acute Wounds
    • Surgical And Traumatic Wounds
    • Burns

By Geography, 2018-2027 ($ Millon)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global wound care market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global wound care market, with United States being the largest county-level market. The drivers for North America market are aging population, increasing number of surgical procedures, favorable reimbursement policies. On the other hand, Asia Pacific is anticipated to be the fastest growing market for wound care due to growing medical infrastructure and developed healthcare infrastructure.

Market Competition Assessment:

The major players currently operating in the global wound care market include 3 M Company, BSN Medical, Baxter International, Inc., and other notable players.

List of Key Companies:

  • Baxter International Inc.
  • BSN Medical
  • Coloplast A/S
  • Covidien PLC
  • Convatec Healthcare B S.À.R.L
  • Derma Sciences, Inc.
  • 3M Company
  • Mölnlycke Health Care AB
  • Ethicon, Inc.
  • Smith & Nephew PLC

Chapter 1 Preface

1.1 Report Description

1.1.1 Study Purpose

1.1.2 Target Audience

1.1.3 USP and Key Offerings

1.2 Research Methodology

 

Chapter 2 Executive Summary

2.1 Global Wound Care Market Portraiture

2.2 Global Wound Care Market, by Product, 2019 ($ Million)

2.4 Global Wound Care Market, by Application, 2019 ($ Million)

2.3 Wound Care Market Share, by Geography, 2019 (Value %)

 

Chapter 3 Wound Care: Market Dynamics and Outlook

3.1 Introduction, Facts and Figures

3.2 Market Dynamics

3.2.1 Drivers

3.2.1.1 Rising Geriatric Population

3.2.1.2 Increase in Volume of Surgeries

3.2.2 Challenges

3.2.2.1 Unfavorable Reimbursement Policies

3.2.3 Opportunities

3.2.3.1 Technological Advancements

3.4 Attractive Investment Proposition

3.5 Competitive Analysis

3.5.1 Market Share Analysis By Key Players, 2019 (Value %)

 

Chapter 4 Global Wound Care Market, by Products 2018-2027 ($ Million)

4.1 Preface

4.2 Advanced Wound Closure

4.2.1. Haemostatic and Sealing Agent

4.2.1.1 Surgical Sealants

4.2.1.2 Fibrin Sealant

4.2.1.3 Gelatin-based Sealants

4.2.1.4 Human fibrogen and thrombin fleece (HFTF)

4.2.2. Topical tissue adhesive

4.2.3. Wound closure devices

4.2.3.1 Mechanical Stapling device

4.2.3.2 Ligating clips

4.2.3.3 Wound Closure Strips

4.3 Advanced Wound Care

4.3.1. Moist Wound dressings

4.3.1.1 Films

4.3.1.2 Foams

4.3.1.3 Hydrocolloids

4.3.1.4 Hydrogels

4.3.1.5 Collagen

4.3.1.6 Others

4.3.2. Active Wound care

4.3.2.1 Skin Substitutes

4.3.2.2 Topical agents

4.3.3. Therapy devices

4.3.3.1 Negative Pressure wound therapy

4.3.3.2 Pressure Relief devices

4.3.3.3 Others

 

Chapter 5 Global Wound Care Market, By Application 2018-2027 ($ Million)

5.1 Chronic Wound

5.1.1. Diabetic foot ulcers (DFU)

5.1.2. Pressure ulcer

5.1.3. Venous leg ulcer

5.1.4. Other chronic wounds

5.2 Acute Wound

5.2.1. Surgical & traumatic wounds

5.2.2. Burns

Chapter 6 Global Wound Care Market, By Geography 2018-2027 ($ Million)

6.1 Overview

6.2 North America

6.2.1. U.S.

6.2.2. Canada

6.3 Europe

6.3.1. U.K.

6.3.2. Germany

6.3.3. Rest of Europe

6.4 Asia Pacific

6.4.1. Japan

6.4.2. China

6.4.3. Rest of Asia Pacific

6.5 Latin America

6.6 Middle East and Africa

 

Chapter 7 Company Profiles

7.1 Baxter International, Inc.

7.2 BSN Medical

7.3 Convatec Healthcare B S.À.R.L

7.4 Coloplast A/S

7.5 Covidien PLC

7.6 Derma Sciences, Inc.

7.7 Ethicon, Inc.

7.8 3 M Company

7.9 Mölnlycke Health Care AB

7.10 Smith & Nephew PLC

7.11 Other Notable Players

List of Tables

NA

List of Figures

NA

List of Key Companies:

  • Baxter International Inc.
  • BSN Medical
  • Coloplast A/S
  • Covidien PLC
  • Convatec Healthcare B S.À.R.L
  • Derma Sciences, Inc.
  • 3M Company
  • Mölnlycke Health Care AB
  • Ethicon, Inc.
  • Smith & Nephew PLC
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