(PharmaNewsWire.Com, April 23, 2018 ) According to Publisher, the Global Wound Care market is accounted for $17.30 billion in 2015 and is expected to reach $24.91 billion by 2022 growing at a CAGR of 5.3%. The market is ubiquitous with vast usage of these products in healing and preventing infection. Growing incidence of Hospital-acquired infections & awareness among people is driving the market. Apart from these, technological advancements and new innovative products are some other factors favoring the market. However, high cost associated with advanced wound care is inhibiting the market.
Wound Management Products segment is estimated to be the fastest growing segment among product type on account of increasing geriatric population, rising incidence of chronic diseases and greater effectiveness in providing healing. North America accounted for largest market share owing to rising awareness regarding new technologies for wound care, government support in the form of funding, and rising diabetic and aged population. Moreover, Asia Pacific is poised to be the fastest growing market attributing to increasing health awareness.
Some of the key players of the Wound Care market include 3M Company, Acelity L.P. Inc., Baxter International Inc., BSN medical, Coloplast A/S, Convatec Healthcare B S.À.R.L.,, Covidien PLC, Derma Sciences, Inc., Ethicon, Inc., Hollister, Inc. , Integra LifeSciences, Mölnlycke Health Care AB, and Smith & Nephew PLC.
Type of Wounds Covered: - Chronic Wounds o Diabetic Foot Ulcers (DFU) o Pressure Ulcers o Venous Leg Ulcers o Arterial Ulcers o Venous Ulcers - Acute Wounds o Thermal Injury o Chemical Injury o Electrical Injury o Surgical Wounds o Traumatic Wounds - Burns o First-Degree Burns o Superficial Partial-Thickness Burns (Second-Degree) o Deep Partial Thickness Burns o Full-Thickness Burns (Third- and Fourth-Degree)
Products Covered: - Traditional/Basic Wound Care Products o Cleansing Agents o Dressings o Medical Tapes - Wound Management Products o Active Wound Care Products Artificial Skin and Skin Substitutes Topical Agents o Advanced Wound Dressings Alginate Dressings Collagen Dressings Film Dressings Foam Dressings Hydrocolloid Dressings Hydrogel Dressings Other Advanced Wound Dressings o Wound Therapy Devices Electrical Stimulation Devices Negative Pressure Wound Therapy (NPWT) Systems Conventional NPWT Systems Disposable NPWT Systems Pressure Relief Devices Oxygen and Hyperbaric Oxygen Equipment Other Wound Therapy Devices - Surgical Wound Care Products o Sutures and Staples o Anti-Infective Dressings o Tissue Adhesives, Sealants, & Glues Fibrin-Based Sealants Collagen-Based Sealants Synthetic Adhesives/Glues
End-Users Covered: - Long-Term Care Facilities - Hospitals and Specialty Wound Clinics o Inpatient Settings o Outpatient Settings - Home Healthcare
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
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