Global Advanced Wound Care Management Market, by Product Type (Moist Wound Dressings {Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, and Collagen Dressings}, Wound Therapy Devices {Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices}, and Active Wound Care {Artificial Skin & Substitutes and Topical Agents}), by Wound Type (Surgical Wounds, Ulcers {Pressure Ulcers, Diabetic Foot Ulcers, and Venous Ulcers}, Traumatic Wounds, Burns, and Other Wounds), by End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was estimated to be valued at US$ 10,911.2 million in 2019 and is expected to exhibit a CAGR of 6.8% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.

The increasing incidence of burns and traumatic wounds are expected to drive growth of the global advanced wound care management market. For instance, according to the World Health Organization’s (WHO) 2018 data, around 1,000,000 people in India suffer from moderate or severe burns every year.

Growth of the global advanced wound care management market is primarily attributed to increasing research and development activity and rising innovations in the advanced wound care products by the market players. For instance, in November 2017, Arora Biosurgery received 510(k) clearance from the U.S. FDA for its Endoform Silver Dermal Template product. Endoform Silver Dermal Template is an advanced antimicrobial version of the company’s EDT wound care product and can be used for chronic wounds, where healing is stalled.

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Moreover, in April 2017, ConvaTec Group Plc., introduced Foam Lite ConvaTec dressing in the U.S. for the management of low to non-exuding chronic and acute wounds. The Foam Lite ConvaTec dressing comprises breathable film and perforated, silicone adhesive. The dressing is flexible and conforms in different positions and places such as wrists, knees, elbows, and ankles. The silicone adhesive is user-friendly, easy to apply, and reposition and does not stick to the gloves or damages wound upon removal. The product is available in the Netherlands, the U.K, Germany, France, Austria, Spain, Croatia, Switzerland, Australia, and Canada.

Browse 29 Market Data Tables and 17 Figures spread through 145 Pages and in-depth TOC on ‘Advanced Wound Care Management Market, by Product Type (Moist Wound Dressings {Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, and Collagen Dressings}, Wound Therapy Devices {Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices}, and Active Wound Care {Artificial Skin & Substitutes and Topical Agents}), by Wound Type (Surgical Wounds, Ulcers {Pressure Ulcers, Diabetic Foot Ulcers, and Venous Ulcers}, Traumatic Wounds, Burns, and Other Wounds), by End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027”

North America is expected to hold dominant position in the advanced wound care management market over the forecast period, owing to rising launches of advanced products in the region by key players. For instance, in December 2017, Smith and Nephew and the Canada-based MolecuLight Inc., collaboratively introduced MolecuLight, a handheld digital scanner device that instantly determines the presence of bacteria and infection in the wound. This point of care (POC) device is expected to decrease the diagnosis and wound healing time by nine hours with 54% more accuracy.

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Key Takeaways of the Advanced Wound Care Management Market:

The global advanced wound care management market is expected to exhibit a CAGR of 6.8% over the forecast period, owing to the increasing number of wound injuries and falls, and product launches by the market players. For instance, according to the World Health Organization (WHO) factsheet of 2018, each year there are around 37.3 million falls which require medical attention, whereas estimated 646,000 individuals die from falls globally every year.

Among product type, wound therapy devices segment is expected to gain traction over the forecast period, as wound therapy devices are most advanced technique for wound care management

Key players operating in the global advanced wound care management market include Johnson and Johnson, 3M Company, Baxter International, Coloplast, Integra Life Sciences, Kinetic Concepts, Medtronic, Leap Therapeutics, and Hematris Wound Care GmbH

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