Advanced Wound Care and Closure Market qualitative insights on application and outlook by share, future growth


advanced wound care market

The Advanced Wound Care and Closure Market is Expected to Revenue $20.5 Billion by 2020, Registering a CAGR of 8.0% during 2014-2020

PORTLAND, OREGON, USA, July 21, 2022 / — The wound closure study covers hemostatic and sealing agents (fibrin glues, surgical glues, gelatin glues, HFTF), topical tissue adhesives and wound closure devices (mechanical stapling device, ligating clips, closure strips and others). The advanced wound care market includes wet dressings (films, foams, hydrocolloids, hydrogels, collagen, alginate and silver dressings), active wound care (skin substitutes and growth factors) and therapeutic devices ( negative pressure therapy (NPWT) devices, decompression devices and others.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Smith and Nephew, Kinetic Concepts, 3M, BSN medical, Covidien, ConvaTech, Derma Sciences, Integra LifeSciences, Baxter International and Coloplast are some of the major players in the global advanced wound care and closure market.

𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟏𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.

Advanced wound care and wound closure products have emerged as a promising solution for faster wound healing. These solutions are superior to traditional wound healing products in terms of their ability to produce the desired result and their effectiveness in healing wounds. The increasing incidence of chronic wounds has intensified the need for faster healing products. Thus, hospitals have shifted their inclination towards the use of advanced wound care and wound closure products. Attempts to reduce hospital stays to contain surgical care costs and growing demand for products that improve treatment outcomes are driving the market for advanced wound care and closure products.

Active wound care consists of skin substitutes and growth factor products, which are the highly potent segments of advanced wound care that would drive the market growth in the near future. Negative Pressure Wound Therapy (NPWT) has become a very effective therapy for advanced wound management. NPWT promotes wound healing through the application of negative pressure to the wound via foam dressings. Strong growth is expected in the NPWT segment during the forecast period and would reach $3.7 billion by 2020.

Lifestyle diseases are the cause of chronic wounds such as diabetic foot ulcer, venous leg ulcer, pressure sore, etc. Products that treat these ulcers are gaining in importance; therefore, the main application of these products is the treatment of different types of ulcers. The advanced wound care and closure market for ulcer treatment is expected to grow over $7.8 billion by 2020, with the diabetic foot ulcer management segment predominant among all other segments

Developing economies and some developed economies do not have reimbursement policies for advanced closure and wound care products; hence, favorable reimbursement policies would complement the growth of the market. Additionally, the cost associated with these advanced wound care solutions affects the adoption of advanced wound care products. North America leads the overall advanced wound and closure care market, followed closely by Europe. The growth of medical tourism in the Asia-Pacific region and the inability to manage the influx of patients in hospitals require early discharge of patients. Therefore, faster healing methods are the most sought after treatments to manage the pool of patients entering the region. These factors would lead to faster adoption of advanced wound care and closure products in the region, facilitating faster market growth.

𝐖𝐞 𝐚𝐥𝐬𝐨 𝐎𝐟𝐟𝐞𝐫𝐬 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐬-

North America Advanced Wound Care and Closure Market
Japan Advanced Wound Care and Closure Market
South Korea Advanced Wound Care and Closure Market
Advanced Wound Care and Closure Market in Singapore
Australia Advanced Wound Care and Closure Market
Europe Advanced Wound Care and Closure Market
China Advanced Wound Care and Closure Market
Indonesia Advanced Wound Care and Closure Market
Advanced Wound Care and Closure Market in Taiwan

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬

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𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 :

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David Correa
Allied Analytics LLP
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