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Global Advanced Wound Care Market by Product (Moist, Antimicrobial, Active), by End-use (Hospitals, Home Healthcare, Specialty Clinics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-73078
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 71
  • No. Of Pages: 202
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

Global advanced wound care market was valued at USD6.5 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 5.3%) between 2021 and 2028. Market growth is expected to be driven by the rising prevalence of chronic injuries, increasing number of surgeries, increased demand for reducing hospital stays, and the growing number of ambulatory surgery centers around the world.

The rising prevalence of chronic injuries is one reason for the increased demand for wound care products. Films, gauzes, hydrogels, hydrocolloid, foam dressings are all required to heal chronic injuries. Advanced wound care products that contain silver and ginates can also be used to remove excess fluids from wounds, and protect them from infection. These products contain hormone-like substances also known as growth factors. These growth factors promote cell growth and rapid healing. Additionally, skin-grafts as well as Biomaterials can be used to heal and close larger wounds that aren't possible to close by themselves. According to the U.S. National Institutes of Health (USNIH), chronic injuries affect about 6.5 million Americans each year. The Institute also stated that over USD 25.0 billion was spent on their treatment.

According to the American Diabetes Association and Organogenesis, Inc.'s report "Diagnosis and Management of Diabetic Foot Complications", the annual incidence of diabetic foot ulcers is about 2.0% in Western countries and the lifetime risk of developing them is 15.0 – 25.0%. These wounds can be quickly healed by the moist dressings. This high rate of chronic injuries will drive the market for advanced wound treatment over the forecast period.

The market for advanced wound care is expected to grow due to the increasing number of road accidents around the world. According to the WHO's 2018 Global Status Report on Road Safety, road accidents are one of the leading causes for death in children and young adults between 5 and 29 years old. Advanced wound care products are used to quickly heal injuries from crashes. These factors will likely boost the growth in the market for advanced wound treatment.

The market for advanced wound treatment will grow due to the rising incidence of injuries such as burns and road accidents. According to WHO (2018), India has around 1,000,000 people who are either severely or moderately burned each year. According to the NCBI, 2017 saw a rise in burn injuries in countries like Australia, China, Finland, China, Australia and the Netherlands. According to the American Association for the Surgery of Trauma in 2017, 1.2 million people were killed in road accidents worldwide. This accounts for around 3,242 deaths per year. Most road accidents occur in low- and middle-income countries. A lot of advanced wound care products are used to treat acute injuries. Although papain-based products can't be used to treat burn injuries, they are sometimes used in minor and superficial burns. The market is likely to grow significantly over the forecast period due to an increase in accidents.

Product Insights

The market for advanced wound care was dominated by the moist care segment. It accounted for the highest revenue share at 59.2% in 2020. The rapid healing of wounds can be achieved with moist wound care. This wound care helps to create and maintain a moist area around the wound which promotes healing. For chronic injuries like diabetic ulcers and pressure ulcers, moist wound care is highly recommended. Moist wound dressings include foam, hydrocolloid and film as well as alginate, hydrogel and collagen dressings.

Antimicrobial wound care is expected to grow at the fastest rate during the forecast period. These dressing covers can be used to reduce the bioburden in wound beds. For partial and complete-thickness wounds, such as percutaneous line sites and surgical incisions, antimicrobial wound care is highly recommended. These products come in a variety of forms, including nylon fabric, film care and island care.

Application Insights

Based on application, the market for advanced wound treatment was dominated by the acute wound segment. It accounted for 60.0% of the total revenue share in 2020. This is due to the rising incidence of burns and trauma, and the increase in surgeries. According to the WHO, burn injuries are responsible for around 180,000 deaths annually. The WHO also stated that the majority of these cases are in low- and middle-income countries. Annually, South Africa spends approximately USD 26.00 millions to treat burns caused by kerosene stove incidents.

The segment of chronic wounds is expected to experience the fastest growth over the forecast period. Major driving factors behind the segment's growth are rising elderly population and diabetes cases. According to the National Center for Biotechnology Information, in western countries, the prevalence rate of diabetic foot ulcers was around 2.0% per year, according to the NCBI.

End-use Insights

End-use was the dominant market segment for advanced wound care. In 2020, it accounted for 45.1% of the total revenue. This is due to the increasing incidence of diabetic foot ulcers, and venous legs ulcers. The segment is also being driven by the increasing number of operations and the increase in surgical wounds. For healing SSI wounds, advanced wound care dressings are used. These factors could boost the growth of this segment during the forecast period.

Home healthcare is expected to experience the fastest growth during the forecast period. This segment's growth is due to the growing demand for shorter hospital stays and longer recovery periods for chronic injuries. It also requires frequent wound dressings changes. Patients with chronic injuries and geriatrics prefer homecare to hospitalization.

Regional Insights

North America was the dominant market for advanced wound care and held the largest revenue share at 45.3% in 2020. The dominance of North America can be attributed to increasing road accidents and sports injuries as well as the presence of key players in the region. The market for advanced wound care will also be driven by the availability of skilled professionals and a highly developed healthcare infrastructure over the forecast period.

The fastest growing market in Asia Pacific for advanced wound care will be seen over the forecast period. Market growth is expected to be boosted by the presence of developing countries like India, Japan, China and Japan. Key players continue to make efforts to reach the untapped regions of Asia Pacific. This will, in turn, drive the market for advanced wound treatment in the region during the forecast period.

Market Share Insights & Key Companies

The key players in the industry are involved in launching new products, mergers and acquisitions, partnerships and other strategies to increase their market share in advanced wound care. Smith and Nephew PLC purchased Osiris Therapeutics, Inc. in April 2019 to help accelerate its advanced wound management product development. It was expected that the initiative would increase its customer base. The following are some of the most prominent players in advanced wound care:

  • Smith & Nephew PLC

  • Molnlycke Health Care AB

  • Acelity

  • ConvaTec Group PLC

  • Baxter

  • Coloplast Corporation

  • Medtronic

  • 3M

  • Derma Sciences Inc. (Integra LifeSciences)

  • Medline Industries, Inc.

Up Market Research published a new report titled “Advanced Wound Care Market research report which is segmented by Product (Moist, Antimicrobial, Active), by End-use (Hospitals, Home Healthcare, Specialty Clinics), By Players/Companies Coloplast Corporation, Molnlycke Health Care AB, ConvaTec Group PLC, Derma Sciences Inc (Integra LifeSciences), Smith & Nephew PLC, Acelity, Baxter, Medtronic, Medline Industries Inc, 3M”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleAdvanced Wound Care Market Research Report
By ProductMoist, Antimicrobial, Active
By End-useHospitals, Home Healthcare, Specialty Clinics
By CompaniesColoplast Corporation, Molnlycke Health Care AB, ConvaTec Group PLC, Derma Sciences Inc (Integra LifeSciences), Smith & Nephew PLC, Acelity, Baxter, Medtronic, Medline Industries Inc, 3M
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages202
Number of Tables & Figures142
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Advanced Wound Care Industry Outlook

Global Advanced Wound Care Market Report Segments:

The market is segmented by Product (Moist, Antimicrobial, Active), by End-use (Hospitals, Home Healthcare, Specialty Clinics).

Advanced Wound Care Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Advanced Wound Care Market

Overview of the regional outlook of the Advanced Wound Care Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Advanced Wound Care Market Overview

Highlights of The Advanced Wound Care Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Advanced Wound Care Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Moist

                2. Antimicrobial

                3. Active

        7. By End-use:

                1. Hospitals

                2. Home Healthcare

                3. Specialty Clinics

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Advanced Wound Care Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

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  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
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  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Advanced Wound Care Market Trends

Reasons to Purchase the Advanced Wound Care Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Wound Care Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Advanced Wound Care Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Advanced Wound Care Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Advanced Wound Care Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Advanced Wound Care Market Size & Forecast, 2018-2028 
      4.5.1 Advanced Wound Care Market Size and Y-o-Y Growth 
      4.5.2 Advanced Wound Care Market Absolute $ Opportunity 


Chapter 5 Global Advanced Wound Care Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Advanced Wound Care Market Size Forecast by Product
      5.2.1 Moist
      5.2.2 Antimicrobial
      5.2.3 Active
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Advanced Wound Care Market Analysis and Forecast by End-use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End-use
      6.1.2 Basis Point Share (BPS) Analysis by End-use
      6.1.3 Absolute $ Opportunity Assessment by End-use
   6.2 Advanced Wound Care Market Size Forecast by End-use
      6.2.1 Hospitals
      6.2.2 Home Healthcare
      6.2.3 Specialty Clinics
   6.3 Market Attractiveness Analysis by End-use

Chapter 7 Global Advanced Wound Care Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Advanced Wound Care Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Advanced Wound Care Analysis and Forecast
   9.1 Introduction
   9.2 North America Advanced Wound Care Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Advanced Wound Care Market Size Forecast by Product
      9.6.1 Moist
      9.6.2 Antimicrobial
      9.6.3 Active
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Advanced Wound Care Market Size Forecast by End-use
      9.10.1 Hospitals
      9.10.2 Home Healthcare
      9.10.3 Specialty Clinics
   9.11 Basis Point Share (BPS) Analysis by End-use 
   9.12 Absolute $ Opportunity Assessment by End-use 
   9.13 Market Attractiveness Analysis by End-use

Chapter 10 Europe Advanced Wound Care Analysis and Forecast
   10.1 Introduction
   10.2 Europe Advanced Wound Care Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Advanced Wound Care Market Size Forecast by Product
      10.6.1 Moist
      10.6.2 Antimicrobial
      10.6.3 Active
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Advanced Wound Care Market Size Forecast by End-use
      10.10.1 Hospitals
      10.10.2 Home Healthcare
      10.10.3 Specialty Clinics
   10.11 Basis Point Share (BPS) Analysis by End-use 
   10.12 Absolute $ Opportunity Assessment by End-use 
   10.13 Market Attractiveness Analysis by End-use

Chapter 11 Asia Pacific Advanced Wound Care Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Advanced Wound Care Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Advanced Wound Care Market Size Forecast by Product
      11.6.1 Moist
      11.6.2 Antimicrobial
      11.6.3 Active
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Advanced Wound Care Market Size Forecast by End-use
      11.10.1 Hospitals
      11.10.2 Home Healthcare
      11.10.3 Specialty Clinics
   11.11 Basis Point Share (BPS) Analysis by End-use 
   11.12 Absolute $ Opportunity Assessment by End-use 
   11.13 Market Attractiveness Analysis by End-use

Chapter 12 Latin America Advanced Wound Care Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Advanced Wound Care Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Advanced Wound Care Market Size Forecast by Product
      12.6.1 Moist
      12.6.2 Antimicrobial
      12.6.3 Active
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Advanced Wound Care Market Size Forecast by End-use
      12.10.1 Hospitals
      12.10.2 Home Healthcare
      12.10.3 Specialty Clinics
   12.11 Basis Point Share (BPS) Analysis by End-use 
   12.12 Absolute $ Opportunity Assessment by End-use 
   12.13 Market Attractiveness Analysis by End-use

Chapter 13 Middle East & Africa (MEA) Advanced Wound Care Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Advanced Wound Care Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Advanced Wound Care Market Size Forecast by Product
      13.6.1 Moist
      13.6.2 Antimicrobial
      13.6.3 Active
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Advanced Wound Care Market Size Forecast by End-use
      13.10.1 Hospitals
      13.10.2 Home Healthcare
      13.10.3 Specialty Clinics
   13.11 Basis Point Share (BPS) Analysis by End-use 
   13.12 Absolute $ Opportunity Assessment by End-use 
   13.13 Market Attractiveness Analysis by End-use

Chapter 14 Competition Landscape 
   14.1 Advanced Wound Care Market: Competitive Dashboard
   14.2 Global Advanced Wound Care Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Coloplast Corporation
      14.3.2 Molnlycke Health Care AB
      14.3.3 ConvaTec Group PLC
      14.3.4 Derma Sciences Inc (Integra LifeSciences)
      14.3.5 Smith & Nephew PLC
      14.3.6 Acelity
      14.3.7 Baxter
      14.3.8 Medtronic
      14.3.9 Medline Industries Inc
      14.3.10 3M
Segments Covered in the Report
The global Advanced Wound Care market has been segmented based on

By Product
  • Moist
  • Antimicrobial
  • Active
By End-use
  • Hospitals
  • Home Healthcare
  • Specialty Clinics
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Coloplast Corporation
  • Molnlycke Health Care AB
  • ConvaTec Group PLC
  • Derma Sciences Inc (Integra LifeSciences)
  • Smith & Nephew PLC
  • Acelity
  • Baxter
  • Medtronic
  • Medline Industries Inc
  • 3M

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