Summary
The global Wound Care Treatment And Management Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Wound care management is a skill and process used to aid in the healing process. There are many different factors that go into wound care including the type of wound, the severity of the wound, and the length of time it has been infected, and whether or not the wound has been completely cauterized. This process is essential to the survival of all animals and humans, and can be anything from washing and cleaning wounds, covering wounds with bandages, applying salves, and removing dead and dying tissue and hair. The global wound care treatment and management market focus on six regions namely North America is expected to witness significant growth during the forecast period, owing to rising use of regenerative medicines in wound management worldwide.
Market Drivers
Increasing incidence of hospital-acquired infections is expected to drive growth of the global wound care treatment and management market during the forecast period. According to the World Health Organization (WHO), of every 100 hospitalized patients 10 from emerging and 7 from developed countries will acquire at least one healthcare-related infection. According to the European Centre for Disease Prevention and Control, around 7.1% of Europeans get affected by hospital-acquired infections. Wound care management tools such as bandages, cotton, antiseptics, and more can help in treating such infections. Hence, these factors are expected to drive growth of the global wound care treatment and management market during the forecast period. Furthermore, rising use of regenerative medicines in wound management is expected to propel the global wound care treatment and management market growth over the forecast period.
Market Restraint
The risk associated with some wound care products is expected to hinder the global wound care treatment and management market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global wound care treatment and management market during the forecast period. This is owing to rising prevalence of diabetic foot ulcers in the region. According to the Department of Endocrinology of Nanjing University Medical School, in 2019, the prevalence of diabetic foot ulcers was around 13% in North America. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing expenditure on healthcare in the region.
Competitive Landscape
Major companies involved in the global wound care treatment and management market are Medtronic, Smith & Nephew, Medline Industries, 3M, Cardinal Health, Hartmann Group, Johnson & Johnson, Winner Medical Group, and Acelity.
For instance, in February 2021, Medline Industries entered into a distribution agreement with Tricol Biomedical to increase hemostatic portfolio reach across North America.
The Wound Care Treatment And Management Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Wound Care Treatment And Management Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Acelity
- Smith & Nephew
- Medtronic
- Molnlycke
- Johnson & Johnson
- ConvaTec
- Hartmann Group
- Cardinal Health
- 3M
- BSN Medical (Essity)
- Coloplast
- Medline Industries
- Mimedx Group
- Urgo Medical
- B.Braun Melsungen
- Organogenesis
- Winner Medical Group
- Hollister Incorporated
- Human Biosciences
- Integra Lifesciences
- Nitto Denko
- DermaRite Industries
- Argentum Medical
By the Product Type, the market is primarily segmented into:
- Advanced Wound Dressing
- Traditional Wound Care Products
- Negative Pressure Wound Therapy
- Bioactives
- Others
By Applications, the market is segmented into:
- split into
- Acute Wounds
- Chronic Wounds
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Wound Care Treatment And Management Market Report:
- To assess the size of the market by value and volume
- Analyze the Wound Care Treatment And Management Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Wound Care Treatment And Management Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Wound Care Treatment And Management Market
The Wound Care Treatment And Management Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Wound Care Treatment And Management Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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