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COVID-19 Impact, Competitive and Regional of Global Advanced Wound Care Market Analysis till 2030 | Smith and Nephew Plc., Molnlycke Health Care AB, B. Braun Medical, Inc., Osiris Therapeutics, Inc., ConvaTec Group, Plc., etc.

The report Global Advanced Wound Care Market, By Product Type (Moist Wound Dressings (Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressings, Hydrogel Dressings, and Collagen Dressing), Wound Therapy Devices, (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices)), and Active Wound Care (Artificial Skin & Substitutes and Topical Agents), By Wound Type (Ulcers (Pressure Ulcers, Diabetic Foot Ulcers, and Venous Ulcers), Surgical Wounds, Burns, Traumatic Wounds, and Others), By End-User (Hospitals and Clinics, Home Care Settings, and Other), and Region – Global Forecast to 2029″ Global advanced wound care market is projected to grow from US$ 11.3 billion in 2020 to US$ 28.6 billion by 2029. Global advanced wound care market is driven by increasing prevalence of acute and chronic diseases across the globe. In addition, new product launch, robust pipeline of drugs, and approval supports from regulatory bodies is expected to fuel growth of the global advanced wound care market in near future. Furthermore, increasing geriatric population across the globe is anticipated to support growth of the global advanced wound care market in near future.

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Key Highlights:

  • In June 2019, Smith &Nephew Plc., the global medical technology business has introduced the new PICO 14 single use negative pressure wound therapy system (sNPWT).
  • In 2019, Smith & Nephew Plc, the global medical technology business has announced the acquired Osiris Therapeutics, Inc.
  • Key Market Insights from the report:          

The global advanced wound care market accounted for US$ 11.3 billion in 2020 and is projected to register a moderate CAGR of 10.8 % over the forecast period. The market report has been segmented on the basis of product type, wound type, end-user, and region.

  • By product type, the moist wound dressing segment type is expected to dominate in the global advanced wound care market over the forecast period. This can be attributed to increasing awareness pertaining to the benefits of advanced wound dressing.
  • By wound type, the diabetic foot ulcer segment type is anticipated to dominate in the global advanced wound care market over the forecast period. This is owing to increasing prevalence of obesity, lifestyle changes, and unhealthy eating habits.
  • By end-user, the hospitals & clinics segment is projected to dominate in the global advanced wound care market over the forecast period. This can be attributed to hospitals are well equipped with the infrastructure required for surgical treatments along with most of the surgical treatments are conducted in hospital settings.
  • By region, The North America market is expected to dominate in the target market. This is owing to increasing prevalence of pressure ulcer in the countries of the region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Advanced Wound Care Market”, Product Type (Moist Wound Dressings (Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressings, Hydrogel Dressings, and Collagen Dressing), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), and Active Wound Care (Artificial Skin & Substitutes and Topical Agents)), By Wound Type (Ulcers (Pressure Ulcers, Diabetic Foot Ulcers, and Venous Ulcers), Surgical Wounds, Burns, Traumatic Wounds, and Other Wounds), By End-User (Hospitals and Clinics, Home Care Settings, and Others End-User), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029

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The prominent player operating in the global advanced wound care market includes Smith and Nephew Plc., Molnlycke Health Care AB, B. Braun Medical, Inc., Osiris Therapeutics, Inc., ConvaTec Group, Plc., Coloplast A/S., Integra LifeSciences Corporation, 3M Company, Cardinal Health Inc., Acelity L.P Inc., and Medtronic Inc.

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