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Wound Care Management Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC259

Traditional and advanced wound care & closure products are meant to treat delicate and chronic injuries. Chronic injuries are difficult to heal and take substantial amount of time, and hence are expensive to treat. Advanced wound care products are becoming a standard solution for curing chronic wounds and are increasingly replacing traditional wound care products owing to their better efficiency and usefulness in managing wounds by enabling speedy healing. A wound is a disruption of normal structure and function of skin and its architecture. In order to ensure efficient and faster healing of wound, the wound bed should be vascularized well and should be clear of infection moisture and devitalized tissues. Wound dressings should be able to eradicate the dead space, prevent bacterial growth, control exudate, cost efficient, and ensure proper fluid balance. Also, it should be feasible to manage for a nursing staff and patient.
 
Attempts to reduce the duration of hospital stays in order to reduce healthcare expenditure and rising proclivity towards medical products that augment therapeutic outcomes are spurring the growth of advanced wound care & closure products. The risks involved with ineffective wound healing promote the demand for combination dressings, which is replacing traditional wound dressing techniques. Some of the key factors driving the growth of global wound care management market include increasing government support in terms of funding, rise in aging population as well as increasing incidences of chronic ailments such as obesity and diabetes. However, some key aspects such as high cost of treatment may hamper the growth of global wound care management market, especially in developing and cost sensitive economies. 
 
The global wound care management market can be segmented on the basis of product type, application and geography. By product type, the global wound care management market can be segmented into advanced wound closure and advanced wound care. The advanced wound closure segment can be further sub-categorized into hemostatic and sealing agents (fibrin sealant, surgical sealant, thrombin fleece and human fibrinogen and gelatin based sealant), topical tissue adhesive, wound closure devices (mechanical stapling devices, wound closure strips, ligating clips and others). The advanced wound care segment can be sub-segmented into moist wound dressings (films, hydrocolloids, foams, collagen, hydrogels, silver wound dressings and alginates), active wound care, and therapy devices (NPWT (negative pressure wound therapy), pressure relief devices and others). On the basis of application, the global wound care management market can be segmented into burns, pressure ulcers, ulcers, venous leg ulcers, diabetic ulcers, surgical wounds and arterial ulcers. On the basis of end-users, the global wound care management market can be segmented into hospitals, clinics, community health services and home healthcare. By geography, the global wound care management market can be segmented into North America, Latin America, Europe, Middle East, Africa, and Asia-Pacific.
 
Key players in the global wound care management market are concentrating on key market strategies such as collaborations and partnerships with local and regional players to bring innovation in technology as well as to strengthen their reach in the lucrative markets. Moreover, they are focusing on acquisitions and new product developments in order to sustain competition and maintain their goodwill in the ever increasing global wound care management market. Some of the major players involved in the production and supply of wound care management market include Kinetic Concepts, Smith and Nephew, The 3M Company, Covidien, BSN Medical, Derma Sciences, ConvaTech, Baxter International, Integra LifeSciences and Coloplast among others.
 
Market Segmentation
 
Market by Product Type: 
 
    Advanced wound closure 
 
        o  Hemostatic 
        o  Sealing agents
        o  Topical tissue adhesive 
        o  Wound closure devices
 
    Advanced wound care 
 
        o  Moist wound dressings 
        o  Active wound care 
        o  Therapy devices
 
Market by Application
 
    Burns 
    Pressure ulcers 
    Ulcers
    Venous leg ulcers 
    Diabetic ulcers 
    Surgical wounds 
    Arterial ulcers
 
Market by End User
 
    Hospitals 
    Clinics
    Community health services 
    Home healthcare
 
Market by Geography 
 
    North America 
        o  US
        o  Canada
        o  Mexico
 
    Europe
        o  UK
        o  Germany
        o  France
        o  Rest of Europe
 
    Asia-Pacific
        o  China
        o  Japan
        o  India
        o  Rest of Asia-Pacific
 
    Latin America
        o   Brazil
        o  Chile
        o  Rest of Latin America
 
    Middle East and Africa (MEA)
        o  South Africa
        o  Saudi Arabia
        o  Rest of MEA
 


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