Health

Advanced Wound Care Market is Expected to Register a Healthy CAGR in the Forecast Period 2018 to 2025

Global Advanced Wound Care Market According to Data Bridge Market Research new market report, “By Wound Type (Surgical Wound, Diabetic Ulcer, Burns, Pressure Ulcer, Venous Ulcer Among Others), By Distribution Channels (Direct Tenders, Retails), By End-Users (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Community Healthcare), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025

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Some of the major market players in this market are:

PAUL HARTMANN Ltd, Organogenesis Inc, Advanced Medical Solutions Group plc, Advancis Medical UK, Arobella Medical, B. Braun Melsungen AG, BioMonde, BSN medical, Coloplast Group, Hollister Incorporated, Integra LifeSciences, ITALIA MEDICA SRL, LOHMANN & RAUSCHER GMBH, Medtronic, Misonix,  Mölnlycke Health Care AB, Olympus Corporation, Smith & Nephew, Söring GmbH, Zimmer Biomet.

Global Advanced Wound Care Market

Chronic wound is growing sharply because of an aging population and sharp rise in the incidence of diabetes and obesity. The need for post-surgical wound care is sharply on the rise. Increasing prevalence of chronic diseases that can be related to lifestyle, such as diabetes and obesity. These are the parts of the fundamental trends which driving growth of advanced wound care market.

According to the World Data Bank, in Mexico 1,303 surgeries were performed, in Australia 10,516 surgeries were performed in 2015. According to the National Burn Repository (NBR) of the American Burn Association (ABA) in U.S. from 2005 to 2014 the number of cases of burns due to Fire/Flame was 43.0%, Scald 34.0%, Contact 4.0%, Electrical 3.0%, and chemicals 7.0%. Most of the burn cases were reported at home and was around 73.0%.

The global market for advanced wound care by the following sub-categories is presented

  • By Wound Type
    • Surgical Wound
    • Diabetic Ulcer
    • Burns, Pressure Ulcer
    • Venous Ulcer
    • Others
  • By Distribution Channel
    • Direct Tenders
    • Retails
  • By End-Users
    • Hospitals, Wound Care Centers
    • Ambulatory Centers
    • Home Healthcare
    • Clinics
    • Community Healthcare
  • By Geography
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East and Africa

FACTORS DRIVING GROWTH IN THE GLOBAL ADVANCED WOUND CARE MARKET

Rising Incidences Of Chronic Wound:

Chronic wounds are rarely seen in individuals. In fact, chronic wound patients frequently suffer from “highly branded” diseases such as diabetes and obesity. Some of the most common types of wounds are Infectious wounds, Ischemic wounds, radiation poisoning wounds and surgical wounds. Ulcers is the most common type of chronic wounds, some of the most common types of ulcers are arterial ulcers, venous ulcers, diabetic ulcers and pressure ulcer. Tree of Chronic wound is growing steadily; it increases the incidence of chronic wound in individuals. People are suffering from different type of wounds and ulcers. This is sheen mostly in aging population.

In 2017, in the United States, chronic wounds affect around 6.5 million patients. It is claimed that more than USD 25 billion is spent annually on treatment of chronic wounds and patients affected by chronic wound are rapidly increasing.  Whereas, in U.K. the cost to the National Health Service of caring for patients with chronic wounds were estimated at USD 3.4–4.6 billion per year.

Diabetic foot is a public health issue and is rare studies investigated its global epidemiology. In 2017, the global diabetic foot ulcer prevalence was 6.3%. It was higher in males and in fact higher in type 2 diabetic patients than in type 1 diabetics.  North America had the highest prevalence 13.0%, and the prevalence in Asia, Europe, and Africa were 5.5%, 5.1% and 7.2%. According to the survey the patients with diabetic foot ulcer were older, longer diabetic duration and diabetic retinopathy, had a lower body mass index had more hypertension, and smoking history than patients without diabetic foot ulceration. According to the international journal of Endocrinology the incidence of diabetic ulcers is 5.62%. The risk of diabetic foot ulcer in patients with diabetes is 2.0%. The incidence of diabetic foot ulceration is expected to increase to 17 to 60% worldwide.

As the number of diabetic patients are increasing, this will lead to increase in the diabetic ulcers and chronic wounds, which in turn is expected to grow this,market in future.

Government Initiatives and Technologic Advancements:

New technology consists of Vacuum plaster, named as bio-ConneKt which is developed for healing wound. The plaster acts as an vacuum pump for extracting the dead tissues and debris that regulates the blood flow to the injured tissues and heals the wound.

According to a news release by in 2017, Convatec Group launched the Avelle System in the disposable NPWT segment, which makes their entry into this fast-growing segment of the advanced wound care market.

The European Wound Management Association (EWMA), aims to advocate for the rights of people with wounds and to promote the best practice in wound management, to receive the best possible care in a timely manner that meet the needs of the individual and the health service. The document Home Care-Wound Care (HCWC) was developed by a group of experts within The European Wound Management Association and supported by representatives of organisations in Germany and UK, to provide a set of recommendations on wound care at the European level.

According to the Canadian home care association, in 2012, Canada spends USD 3.9 billion annually on wound care.

Hence with the recent technological advancements and increasing government initiatives in advance wound care, this market is expected to earn a pool of opportunities in future.

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