Sarasota, FL, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Global Advanced Wound Care Management Market by Product type (advanced wound dressings (foam dressings, hydrocolloid dressings, Hydrofiber dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings), active wound care (artificial skin and skin substitutes, growth factors) and antimicrobial dressings) for Chronic and Acute wounds: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022".
According to the report, global demand for the advanced wound care management market was valued at approximately USD 10.9 billion in 2016 and is expected to generate revenue of around USD 15.8 billion by end of 2022, growing at a CAGR of around 6.4% between 2017 and 2022.
Browse through 29 Market Tables and 26 Figures spread through 110 Pages and in-depth TOC on "Global Advanced Wound Care Management Market: Type, Size, Share, Statistics, Trends, Analysis, Segment and Forecast 2016 – 2022".
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The Wound Healing Society defines a chronic wound as a wound that fails to progress through a normal, orderly, and timely sequence of repair or passes through the repair process without restoring anatomic and functional results. Standard wound care therapy is ineffective in treating chronic and complex wounds and additional treatment modalities need to be applied. Since chronic wounds are very painful and can lead to severe complications such as amputation and depression, advanced wound care management plays important role in treating chronic wounds.
Global advanced wound care management market is primarily driven by increased incidences of chronic diseases such as diabetes across the world. Other major driving factors are a rise in aging population, advancement in technologies and rise in a number of surgical procedures. However, high treatment cost and reluctance to accept the newer therapies may limit the growth of the market. Increasing focus on the need for rapid healing along with wide arena of vast product range in wound care management is expected to act as an opportunity for advanced wound care management market in near future.
Browse the full "Global Advanced Wound Care Management Market by Product type (advanced wound dressings (foam dressings, hydrocolloid dressings, Hydrofiber dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings), active wound care (artificial skin and skin substitutes, growth factors) and antimicrobial dressings) for Chronic and Acute wounds: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/global-advanced-wound-care-management-market
Advanced wound care management market is segmented into advanced wound dressings, active wound care and antimicrobial dressings based on product type. Advanced wound dressings are sub-segmented into foam dressings, hydrocolloid dressings, Hydrofiber dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings whereas active wound care is sub-segmented into the artificial skin and skin substitutes and growth factors.
On the basis of the type of wound, the market is segmented as chronic wounds and acute wounds. Chronic wounds are further segmented into diabetic foot ulcers, pressure ulcer, venous leg ulcer and arterial ulcer whereas acute wounds as burns, surgical and traumatic wounds. Based on the end user, the market is segmented into hospitals, home healthcare and others (private nursing home, pharmacies).
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Advanced wound care segment contributed to largest share in 2015, however, active wound care segment will grow at fastest rate in the global market over the forecast period due to its effectiveness. Also, chronic wounds are more prevalent and will have the largest share in the market.
North America represents developed regional markets for advanced wound care management and is expected to see the rapid growth in the years to come. The U.S. is by far the leading advanced wound care management market by country in North America. The U.S. market is expected to grow at the highest CAGR during the forecast period. This growth is mainly due to increase prevalence of chronic diseases such as diabetes, vascular diseases and the increase in aging population. Moreover, increasing expenditure in healthcare will also promote the growth of advanced wound care management market in this region.
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Europe was the second largest regional market and is expected to show significant growth in the years to come. This growth is mainly due to increase in the diabetic patient pool and geriatric population.
Asia-Pacific is expected to witness noticeable growth in the near future. In Asia, China, India, and Japan will continue to be the fastest growing markets in advanced wound care management market. This growth in Asia Pacific market is attributed to the surge in the diabetic patient pool and large geriatric population base in countries like India and China.
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In Middle East & Africa; African region is projected to register low growth rate due the high cost of advanced wound care management. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the aforementioned parameters are expected to propel the market growth in this region.
Some of the key players in cancer drugs market include Some of the key players in advanced wound care management market are 3M, Smith & Nephew plc., Acelity L.P. Inc., ConvaTec Inc., Medline Industries, Inc., Medtronic, Coloplast A/S, Organogenesis Inc. and Molnlycke Health Care.
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This report segments the global advanced wound care management product market as follows:
Global Advanced Wound Care Management Market: By Product Type
- Advanced Wound Dressings
- Foam dressings
- Hydrocolloid dressings
- Hydrofiber dressings
- Film dressings
- Alginate dressings
- Hydrogel dressings
- Collagen dressings
- Active Wound Care
- Artificial skin and skin substitutes
- Growth Factors
- Antimicrobial dressing
Global Advanced Wound Care Management Market: By Type of Wound
- Chronic Wounds
- Diabetic foot ulcers
- Pressure ulcer
- Venous leg ulcer
- Arterial Ulcer
- Acute Wounds
- Burns
- Surgical and Traumatic wounds
Global Advanced Wound Care Management Market: By End User
- Hospitals
- Home Healthcare
- Others (private nursing home, pharmacies)
Global Advanced Wound Care Management Market: By Region
- North America
- U.S.
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East & Africa
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