Global Advanced Wound Care Market Size, Trends, and Growth Opportunity, By Product Type (Dressing, Therapy Device, Biologics, Others), By Wound Type (Primary Wound Care, Secondary Wound Care), By Wound Class (Class I, Class II, Class III, and Class IV ), By End User (Hospitals, Wound Care Centres, Ambulatory Centres, Home Healthcare, Clinics, Others), By Distribution Channel (Direct Tenders, Retail), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Report ID : IR1001977 | Industries : Healthcare | Published On :June 2024 | Page Count : 223
Global Advanced Wound Care Market Size, Trends, and Growth Opportunity, By Product Type (Dressing, Therapy Device, Biologics, Others), By Wound Type (Primary Wound Care, Secondary Wound Care), By Wound Class (Class I, Class II, Class III, and Class IV ), By End User (Hospitals, Wound Care Centres, Ambulatory Centres, Home Healthcare, Clinics, Others), By Distribution Channel (Direct Tenders, Retail), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Advanced Wound Care Market
The Global Advanced Wound Care Market was valued at USD 7.1 billion in 2022 and is expected to expand to USD 10.9 billion in 2030 at a CAGR of 5.5 % during the forecast period 2023-2030.
Advanced wound care products include products that treat both acute and chronic wounds, such as ulcers, burns, and post-operative wounds. These treatments include Film and foam dressings, hydrogels, alginates, and hydrocolloids, which keep the area moist and encourage the healing process.
Market Drivers
The increasing incidences of chronic injuries, rising surgical procedures, and increasing count of traumatic wounds act as major factors for the growing market during the forecast period.
The growing geriatric population having slow healing capabilities and the rising prevalence of obesity and diabetes propelling the growth of the market. additionally, the growing awareness among people rising number of hospital visits for wound treatment, and growing government support boost the market growth.
Market Restraints
The high cost associated with advanced wound care products hinders the growth of the Advanced Wound Care market.
Additionally, risks associated with the use of advanced wound care products, as well as a lack of awareness among people regarding advanced wound care products restrain the market growth.
COVID-19 Impact on Advanced Wound Care Market
The outbreak of covid-19 negatively impacted the market as hospitals are packed with covid-19 patients which postponed surgeries and other healthcare procedures and people are focusing on covid-19 treatment which decreases the demand for advanced wound care products. As lockdown and restrictions were imposed by the government which disrupt the supply chain and manufacturing process
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the advanced wound care market:
Disruptions in the supply chain: Many advanced wound care manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting advanced wound Care production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for advanced wound care in the region.
Market Segmentation
The Global Advanced Wound Care Market is segmented on the basis of Product Type, Wound Type, Wound Class, End User, Distribution Channel, and Region. On the basis of Product Type, it is segmented into Dressing, Therapy Devices, Biologics, and Others. Based on Wound Type, it is segmented into Primary Wound Care, Secondary Wound Care. On the basis of Wound Class, it is segmented into Class I, Class II, Class III, and Class IV. On the basis of End Users, it is segmented into Hospitals, Wound Care Centres, Ambulatory Centres, Home Healthcare, Clinics, and Others. Based on Distribution Channel, it is segmented into Direct Tenders, Retail. Based on Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
North America is likely to dominate the market over the forecast period owing to the growing adoption of advanced technology and the launch of new products. The increasing cases of chronic wounds and the rising geriatric population fuel the market in this region
Asia Pacific is also anticipated to witness substantial growth during the forecast period 2023-2030 due to the presence of various market players and growing expenditure on healthcare.
Key Players
Various key players are listed in this report such as Smith & Nephew, Molnlycke Health Care AB, ConvaTec Group PLC, Baxter International, URGO Medical, Coloplast Corp, Medtronic, 3M, Derma Sciences Inc (Integra LifeSciences), Medline Industries.
Market Taxonomy
By Product Type
• Dressing,
• Therapy Device
• Biologics
• Others
By Wound Type
• Primary Wound Care
• Secondary Wound Care
By Wound Class
• Class I
• Class II
• Class III
• Class IV
By End User
• Hospitals
• Wound Care Centres
• Ambulatory Centres
• Home Healthcare
• Clinics
• Others
By Distribution Channel
• Direct Tenders
• Retail
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Advanced Wound Care Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Advanced Wound Care Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Advanced Wound Care Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Advanced Wound Care Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Advanced Wound Care Market Share Analysis, By Product
5.3 Global Advanced Wound Care Market Size and Forecast, By Product
5.3.1 Dressing
5.3.2 Therapy Device
5.3.3 Biologics
5.3.4 Others
6 Global Advanced Wound Care Market, By Wound Type
6.1 Y-o-Y Growth Comparison, By Wound Type
6.2 Global Advanced Wound Care Market Share Analysis, By Wound Type
6.3 Global Advanced Wound Care Market Size and Forecast, By Wound Type
6.3.1 Primary Wound Care
6.3.2 Secondary Wound Care
7 Global Advanced Wound Care Market, By Wound Class
7.1 Y-o-Y Growth Comparison, By Wound Class
7.2 Global Advanced Wound Care Market Share Analysis, By Wound Class
7.3 Global Advanced Wound Care Market Size and Forecast, By Wound Class
7.3.1 Class I
7.3.2 Class II
7.3.3 Class III
7.3.4 Class IV
8 Global Advanced Wound Care Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Advanced Wound Care Market Share Analysis, By End User
8.3 Global Advanced Wound Care Market Size and Forecast, By End User
8.3.1 Hospitals
8.3.2 Wound Care Centres
8.3.3 Ambulatory Centres
8.3.4 Home Healthcare
8.3.5 Clinics
8.3.6 Others
9 Global Advanced Wound Care Market, By Distribution Channel
9.1 Y-o-Y Growth Comparison, By Distribution Channel
9.2 Global Advanced Wound Care Market Share Analysis, By Distribution Channel
9.3 Global Advanced Wound Care Market Size and Forecast, By Distribution Channel
9.3.1 Direct Tenders
9.3.2 Retail
10 Global Advanced Wound Care Market, By Region
10.1 Global Advanced Wound Care Market Share Analysis, By Region
10.2 Global Advanced Wound Care Market Share Analysis, By Region
10.3 Global Advanced Wound Care Market Size and Forecast, By Region
11 North America Advanced Wound Care Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Advanced Wound Care Product Market Share Analysis, By Product
11.3 North America Advanced Wound Care Product Market Size and Forecast, By Wound Type
11.4 North America Advanced Wound Care Product Market Size and Forecast, By Wound Class
11.5 North America Advanced Wound Care Product Market Size and Forecast, By End User
11.6 North America Advanced Wound Care Product Market Size and Forecast, By Distribution Channel
11.7 North America Advanced Wound Care Product Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Advanced Wound Care Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Advanced Wound Care Product Market Share Analysis, By Product
12.3 Europe Advanced Wound Care Product Market Size and Forecast, By Wound Type
12.4 Europe Advanced Wound Care Product Market Size and Forecast, By Wound Class
12.5 Europe Advanced Wound Care Product Market Size and Forecast, By End User
12.6 Europe Advanced Wound Care Product Market Size and Forecast, By Distribution Channel
12.7. Europe Advanced Wound Care Product Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Advanced Wound Care Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Advanced Wound Care Product Market Share Analysis, By Product
13.3 Asia Pacific Advanced Wound Care Product Market Size and Forecast, By Wound Type
13.4 Asia Pacific Advanced Wound Care Product Market Size and Forecast, By Wound Class
13.5 Asia Pacific Advanced Wound Care Product Market Size and Forecast, By End User
13.6 Asia Pacific Advanced Wound Care Product Market Size and Forecast, By Distribution Channel
13.7 Asia Pacific Advanced Wound Care Product Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Advanced Wound Care Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Advanced Wound Care Product Market Share Analysis, By Product
14.3 Latin America Advanced Wound Care Product Market Size and Forecast, By Wound Type
14.4 Latin America Advanced Wound Care Product Market Size and Forecast, By Wound Class
14.5 Latin America Advanced Wound Care Product Market Size and Forecast, By End User
14.6 Latin America Advanced Wound Care Product Market Size and Forecast, By Distribution Channel
14.7 Latin America Advanced Wound Care Product Market Size and Forecast, By Country
14.7.1. Brazil
14.7.2. Rest of Latin America
15 Middle East Advanced Wound Care Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Advanced Wound Care Product Market Share Analysis, By Product
15.3 Middle East Advanced Wound Care Product Market Size and Forecast, By Wound Type
15.4 Middle East Advanced Wound Care Product Market Size and Forecast, By Wound Class
15.5 Middle East Advanced Wound Care Product Market Size and Forecast, By End User
15.6 Middle East Advanced Wound Care Product Market Size and Forecast, By Distribution Channel
15.7 Middle East Advanced Wound Care Product Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4 Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Smith & Nephew
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Molnlycke Health Care AB
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 ConvaTec Group PLC
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Baxter International
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 URGO Medical
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Coloplast Corp
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Medtronic
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 3M
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Derma Sciences Inc (Integra LifeSciences)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Medline Industries
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies