Advanced Wound Care Is Fastest Growing Segment Fueling The Growth Of Wound Care Market
The global Wound Care Market is estimated to be valued at US$ 22,343.1 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The wound care market comprises products such as advanced wound dressings,
traditional wound dressings, negative pressure wound therapy, bioactive
therapies and others that help manage various types of acute and chronic
wounds. Advanced wound dressings help maintain a moist environment that
promotes healing and protects wounds from external infections.
Market key trends:
One of the key trends in the wound care market is the rising adoption of
advanced wound dressings. These dressings help manage chronic and acute wounds
more effectively compared to traditional dressings. They maintain a moist
environment for wound healing and protect wounds from external infections. Some
types of advanced dressings are foam, hydrocolloid, film, alginate, hydrogel
and collagen based dressings. Their ability to manage wound exudate, provide
protection and accelerate healing has increased their demand. They minimize
pain and trauma to wounds during dressing changes compared to traditional methods.
This has enhanced patient compliance for wound treatment.
Here is the Segment Analysis and Key Takeaways for the given Wound Care Market
details:
Segment Analysis
The global wound care market is segmented into products, wound type, end user,
and region. By products, the advanced wound care products segment is expected
to dominate the market over the forecast period. Advanced wound care products
provide effective wound healing and help reduce healing time. Within this
segment, dry wound care is the largest sub-segment due to increasing incidence
of chronic wounds.
Key Takeaways
The Global
Wound Care Market Size is expected to witness high growth, exhibiting
CAGR of 5.3% over the forecast period, due to increasing prevalence of chronic
wounds such as diabetic foot ulcers, pressure ulcers and venous leg ulcers.
Regional analysis: North America is expected to hold the major share in the
wound care market over the forecast period owing to increasing geriatric
population being prone to chronic wounds. The Asia Pacific region is projected
to grow at the fastest CAGR during the forecast period due to rising incidence
of diabetes and growing aging population.
Market size: The global wound care market size for 2023 is US$ 22,343.1 Mn. The
market is expected to grow multifold by 2030 on account of rising cases of
chronic wounds globally.
Key players: Key players operating in the wound care market are 3M, Baxter,
Coloplast A/S, Acelity L.P. Inc., Integra LifeSciences, Johnson & Johnson
Services, Inc., Axio Biosolutions Pvt Ltd., Omeza, Smith & Nephew Plc.,
Cardinal Health, Schulke & Mayr GmbH, Bactiguard AB, Wound Care Advantage,
LLC, Noventure, EO2 Concepts, Essity, Hydrofera, Â Advance Medical, Inc.,
CutisCare, Convatec Group PLC, and Organogenesis Inc. These players are focused
on new product launches and strategic collaborations to gain market share.
Comments
Post a Comment