Advanced Wound Management Products Market – Global Industry Share, Growth, Competitive Analysis and Forecast, 2019-2025
This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies
Pune, India – December 11, 2019 /MarketersMedia/ —
Market Overview
Advanced wound management products cater to fast recovery and healing of complex wounds in a cost-efficient way. It requires special care and skills possessed by nurses because of the sensitivity to environmental inhibitors and foreign particles. Therefore, advanced wound management is a complete spectrum of measures undertaken by healthcare providers to heal serious wounds. People with chronic illnesses are more prone to both internal and external wounds. Diabetes is a major wound causing illness. Chronic conditions like diabetes and cancer cause pressure ulcers, foot ulcers, and infections causing wounds or surgical wounds.
Wounds and injuries affect billions of people around the world. It is a risky task to treat wounds; if not treated right, it can cause major complications. Sometimes infections become so harmful that amputation is the only option. In the worst case, internal wounds can cause untimely deaths. Old people have slow healing organs, their chances of undergoing surgery are higher, and it is worse if they have some chronic illness. Thus, innovative products should be available to a mass populace for affordable costs.
Wound care technologies are evolving rapidly due to the growing need for advanced products. Major healthcare providers are offering products where patients are experiencing superior outcomes in lesser time. For each kind of wound, there are different types of devices like occlusive bandages, skin grafting, fungi or bacteria discouraging, and more. In reality, wound care takes up a significant proportion of the nation’s medical expenditure. Many governments are funding advanced wound management product providers to cater to its people.
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The following manufacturers are covered:
Smith & Nephew PLC
Molnlycke Health Care AB (A Subsidiary of Investor AB)
Acelity L.P. Inc.
Convatec Group PLC
Ethicon Inc. (Subsidary of Johnson & Johnson)
Baxter International Inc.
Coloplast A/S
Medtronic PLC
3M Company
Derma Sciences, Inc.
Segmentation
A wound can be acute and chronic. The advanced wound management product market consists of products made for pressure ulcers, diabetic foot ulcers, surgical wounds, and others. A large number of the geriatric population requires highly efficient wound management products due to their sensitive and slow healing body tissues. Large hospitals with speciality care, health care providers for geriatrics and palliative care, small clinics, and even home-care settings require these products. Major categories include hydrogels, hydrocolloids, alginates, and film and foam dressings. The products promote natural healing with breathable wound dressings and skincare. Wound care consists of products in the categories of dressings, bandages, topical agents, and wound care devices. Wound closure includes suture, medical staplers, tissue adhesives, and sealants.
Regional Overview
The Asia Pacific is the fastest-growing market, and North America is the biggest consumer of advanced wound management products. North America is the highest consumer because of the health benefit schemes and the growing ageing population. Major healthcare providers are merging to introduce new products for the developing nations of Asia-Pacific. Developing nations get healthcare funding through their governments which supports the rising demand for advanced wound management products.
Industry News
The need for minimally invasive surgeries is increasing. An important tool of minimal invasion is medical staplers. Surgical staplers are less painful, provide accurate closure, and offer fast recovery. It is also important that early and aggressive wound care is provided because it prevents re-visiting the hospital, which in turn reduces cost and improves quality of life. The goal is to provide evidence-based regenerative wound care facilities for the increasing older generation and train wound-specialists to provide holistic care. The world already has close to 1 billion people aged 60 and above, over 2 billion overweight adults, and over 500 million with diabetes worldwide.
Table of Contents
Executive Summary
1 Industry Overview of advanced wound management products
2 Manufacturing Cost Structure Analysis
3 Development and Manufacturing Plants Analysis of advanced wound management products
4 Key Figures of Major Manufacturers
5 advanced wound management products Regional Market Analysis
6 advanced wound management products Segment Market Analysis (by Type)
7 advanced wound management products Segment Market Analysis (by Application)
8 advanced wound management products Major Manufacturers Analysis
9 Development Trend of Analysis of advanced wound management products Market
10.1 Marketing Channel
11 Market Dynamics
12 Conclusion
……Continued
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