Advanced Wound Care Management Market Incredible Possibilities and Growth with Industry Study 2025
Posted: Oct 27, 2018
Advanced wound care therapy is used to manage critical wounds such as surgical wounds, burns, complex trauma, and chronic wounds. It is a therapeutic approach used by healthcare experts for positive and effective wound healing process. Complex and Chronic wounds represent a major challenge to global healthcare infrastructure as they are inflexible to heal and thus, expensive to treat. Generally, advanced wound care management treatment uses moisture therapy, providing a wet and moist environment that encourages the natural healing process. The products used in this kind of therapy include hydrogels, film and foam dressings, hydrocolloids, and alginates. These forms of advanced wound care includes rival technologies such as Negative Pressure Wound Therapies (NPWT), advanced wound dressing technologies, hyperbaric oxygen therapy devices and bioactive/biologics products. Moreover, besides the hydrated environment, the therapy keeps the temperature consistent which allows eases the pain associated with dressing changes, removes dead tissue, maintains the flow of oxygen, and protects the affected site from exogenous infection.
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Key players in global Advanced Wound Care Management Market:
Smith & Nephew (UK), Mölnlycke Health Care (Sweden), B. Braun (Germany), ConvaTec Group (US), Coloplast (Denmark), Integra LifeSciences (US), 3M Company (US), Cardinal Health (US), Acelity L.P. (US), Medtronic (US), MPM Medical (US), PAUL HARTMANN (Germany), Medline Industries (US), Lohmann & Rauscher (Germany), Advanced Medical Solutions Group (UK), BSN medical GmbH (Germany), Wound Care Technologies (US), Vivostat A/S (Denmark), Organogenesis (US), Hematris Wound Care (Germany), Alliqua BioMedical (UK), MiMedX Group (US), Triage Meditech (India), DeRoyal Industries (US), and Laboratoires URGO (UK).
Increasing prevalence of diabetes and rising geriatric population to propel the advanced wound care management market growth
The global growth of advanced wound care management market is driven by the factors such as the rapid increase in the incidence of chronic diseases, such as diabetes which is generally owing to a change in lifestyle factors and unhealthy as well as inactive individual routine. According to National Center for Biotechnology Information (NCBI), more than 29.1 million people in the U.S. are affected by diabetes. In addition, adults who are aged over 65 years, the percent of the population suffering from diabetes is more than 25%. The number of people suffering diabetes is expected to surge with increasing geriatric population which in turn would drive the advanced wound care management market during the forecast period. Moreover, the demand for the advanced wound care market is augmented by the increase in healthcare expenditure by the government, rise in preference for the products that enhance therapeutic outcomes, and favorable reimbursement scenario in the therapy.
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High therapy cost to hamper the market growth in emerging economies
However, the high cost of advanced wound care products coupled with low awareness, especially in underdeveloped and lower-income economies, such as Nigeria, Afghanistan, and Bhutan are anticipated to restrain the market growth. wound care management is associated with high costs due to its low adoption rate. This factor is further anticipated to hinder the market growth.
Increasing technological advancement and inventions by the key players form governing market growth in North America
On the basis of geography, North America dominated the advanced wound care management market and this region is expected to dominate with the major share in the upcoming decade. The growth of the market in this region is majorly attributed with the technological advancement as well as the recent launch of advanced wound care diagnostics for the identification of pathogenic organisms and the invention of novel wound care product lines by the global market players. However, Europe is estimated to make the global growth in the forecast period. The market in Europe is expected to be driven by a growing patient pool as well as the high number of the geriatric population who are affected by diabetes and other vascular diseases.
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.