Advanced Wound Care Market Size, Share, Trends, Growth and Forecast 2032

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Wound care refers to specific types of treatment for pressure sores, skin ulcers and other wounds that break the skin. Advanced wound care products are usually used to manage complex wounds, including burns, chronic wounds and complex trauma and surgical wounds. Chronic and complex wounds represent one of the predominant challenges to global healthcare systems because they are hard to heal and therefore, expensive to treat.  Due to its high cost, advanced wound care has emerged as a standard solution for treating chronic wounds. Advanced wound care products are gradually replacing the traditional wound care products due to their efficacy and effectiveness in managing wounds by enabling faster healing.

According to NCBI, more than 10% of the US population is affected by diabetes. In adults who are aged over 62 years, the percent of the population suffering from diabetes is more than 20 percent. The incidence of chronic wounds especially foot ulcers is increasing among the diabetic population. While more than 90,000 adults are expected to undergo a lower extremity amputation. It is also estimated that patient with diabetes is 10 times more likely to undergo amputation at some point in their life. The number of diabetes patients is expected to increase with increasing geriatric population which in turn will drive the market for the advanced wound care management market.

Based on product type the market is segmented into advanced wound dressings, active wound care, and antimicrobial dressing. On the basis of wound type, the market is segmented into diabetic foot ulcers, pressure ulcers, venous leg ulcers, surgical and traumatic wounds, burns and other chronic wounds. Based on end users the market is segmented into hospitals, ASC’s, community medical centers, home health care and others category. 

North America held a dominant share of the international market for wound care management in the 2015 and region is projected to continue with its regional supremacy over the forthcoming years as well. The growth of this regional market is attributed to the relentless launch of advanced wound care diagnostics for the purpose of identification of pathogens and coming up of new product lines by the prominent market players. Asia-Pacific is projected to grow at a significant CAGR, due to rising geriatric population, growing demand for advanced wound care products, and increasing unmet medical needs.

Some of the key players in the advanced wound care market are Smith & Nephew, B. Braun, ConvaTec Group, Integra LifeSciences, Cardinal Health, Medtronic, Wound Care Technologies, BSN medical GmbH, and Hematris Wound Care. Currently, the market’s growth rate is very high, which has encouraged the leading players to focus on consolidation through product licensing and long-term partnerships in order to gain maximum share in the market.