Global Advanced wound Care Market by Type (Dressings, Active Wound Care, Therapy Devices), by Application (Surgical Wound, Ulcer), by End-Users (In-Patient Facility, Out-Patient Facility), and by Geography - Analysis & Forecast to 2020
- Report Code: AD 1000
- Publish Date: Upcoming
The Global Advanced Wound Care Market, mainly driven by growing aging population, increase in buying power due to higher disposable incomes and increasing incidence of chronic diseases, was valued at $9.9 billion in 2014 and is expected to reach $14.9 billion by 2020, at a CAGR of 7.0%.
The report “Advanced wound care Market forecast, 2012-2018” analyzes the market by 6 segments such as films, foams, collagen, alginates, hydrocolloids and hydrogels. With a market value of $2,178 and $2,059 million, films and foams have been contributing around 28% and 26% respectively in terms of value towards total advanced wound care market. Factors impelling the advanced wound care products include minimal need of bed capacity in hospitals, and shifting inclination towards homecare therapies that enhance healing and minimize hospital time.
Asia is the fastest growing market because of the lower bed capacity in hospitals and the trend towards homecare treatment necessitate early patient discharge from hospitals. Hence, the need for faster wound healing is gaining wider importance. Major growth in the region is driven by demand from China, Japan, Malaysia, Taiwan and India. Although perforation of these products is currently low, the Asian market possesses huge potential for growth due to its higher population base, rising diabetic population, increasing patient awareness, and higher disposable incomes.
In North America (US, Canada and Mexico) and Europe (Germany, France, Italy, Spain, UK), the rising rates of chronic wounds and ageing population has motivated companies to focus on advanced wound care products, including alginate dressings, hydrogels, and collagen-based products. In Europe, the market is expected to rise from $1,837 million to $2,990 million in the next five years, at a growth rate of 10.3%. The shift in business environment and increased patient needs has resulted investment in research and development in wound care sector for the products that are easier to use, more comfortable and provide quick wound healing with less pain.
According to the American Diabetes Association and the Center for Disease Control and Prevention, in 2011, about 18.8 million people in the U.S. alone suffered from diabetes and accounted for 8.3% of the U.S. population. There is high prevalence of chronic disease in Asia because of growing aging population and change in lifestyles whereas in North America and Europe it’s because of high diabetes and obese population.
The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating in the market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, 3M healthcare, ConvaTec, Inc., Coloplast and Molnlycke Healthcare. Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
Customization Options:
The Market data enables you to customize the MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:
Product Analysis
- Usage pattern (in-depth trend analysis) of products (Segment wise)
- Product Matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub segment level
- Applications of the products (Segment wise and Country wise)
- Comprehensive coverage of Product approvals, Pipeline products and Product recalls
Epidemiology Data
- Country specific Prevalence of ulcers, burns and surgical wounds
- Country specific Patient pool of skin ulcers, diabetic ulcers, neuropathic ulcers
Surgeons/Physicians Perception analysis
- Fast turn-around analysis of Surgeons response to market events and trends
- Pattern analysis of usage of products by Physicians
- Surgeons opinion about products from different companies
- Surgeons qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connect tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (Detractor/Neutral/Familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like Patient dynamics (Patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and Macroeconomic indicators (aging population, reimbursement scenario, Surgeries done, Diabetic ulcer patients and healthcare expenditure)
1 Introduction
1.1 Analyst Insights
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
2 Executive Summary
3 Market Overview
4 By Applications
4.1 Skin Ulcers (Wound Management)
4.2 Burns (Wound Management)
4.3 Surgical Wounds (Wound Management)
5 By Products
5.1 Collagen (Advanced Wound Care)
5.2 Foam dressings (Advanced Wound Care)
5.3 Alginates (Advanced Wound Care)
5.4 Hydrocolloids (Advanced Wound Care)
5.5 Hydrogels (Advanced Wound Care)
5.6 Films (Advanced Wound Care)
6 By Geographies
6.1 North America
6.2 Europe
6.3 Asia
6.4 Rest of World
7 By Companies
7.1 Smith & Nephew
7.2 Molnlycke Healthcare
7.3 3M Health Care
7.4 ConvaTec
7.5 Kinetic Concepts, Inc.
7.6 Coloplast
7.7 Covidien Plc
7.8 BSN Medical
7.9 Derma Lifesciences
7.10 Other Companies
7.11 Systagenix
7.12 Dr. Reddy's Laboratories Ltd,
7.13 Johnson & Johnson
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North American Advanced Wound Care Market The North American advanced wound care market was pegged at $4,628 million in 2013 and expected to be $7,664 million by 2018, growing at a CAGR of 10.3%. The report “North American Advanced wound care Market forecast, 2012-2018“ analyzes the market of advanced wound care by 6 segments such as films, foams, collagen, alginates, hydrocolloids and hydrogels. The main companies operating in Advanced wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, 3M healthcare, ConvaTec, Inc., Coloplast and Molnlycke Healthcare. |
Upcoming |
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Europe Advanced Wound Care Market The procedure of wound healing involves a complex process at the cellular level for days, which could extend to weeks and months. In case of chronic wounds, the healing time is even more prolonged due to the presence of infections and prevailing disease conditions. Wound care products assist such chronic wounds by speeding up the process of healing. The wound care market has experienced a paradigm shift from the traditional wound management to the advanced wound care. Moreover, in the advanced wound care market, newly developed products have been introduced in the market that are not only cost-effective by an accelerated healing process, but they also help curb the wound infection and provide healing with lesser pain. |
May 2016 |
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Asian Advanced Wound Care Market The Asian Advanced Wound Care Market is estimated to grow at a CAGR of 3.8% from 2014 to 2019. This increasing number of factors such as increasing aging population, growing incidence of diabetes, technological advancements, and rising government initiatives are propelling the growth of this market. |
May 2015 |
