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Global Advanced Wound Care Market By Type (Device & Accessories, Grafts & Matrices, Others), By Wound Type (Surgical & Traumatic, Diabetic, Other), By End User (Hospitals, Home Care, Others), By Region– Forecast & Opportunities to 2026

Report Description

The global advanced wound care market valued USD 8.2 Billion in 2019. Wound care market is projected to grow at a CAGR of 5.8% during the forecast period.

COVID19 has impacted all the businesses across the globe. World Health Organization has declared Corona virus as a pandemic. The COVID19 has disrupted the wound care market. Elective surgeries are postponed or cancelled and wound care services are also denied. People across the world are afraid entering the hospitals due to corona virus. Hence due to COVID-19 the wound care market is estimated to foresee decline in its initials phase of forecast period but it can witness growth in latter phase of forecast period.

Definition:

Advanced wound care includes various products which are designed to treat chronic and acute wounds. Advanced wound care is evolving as a standard solution to treat chronic wound as chronic wounds are expensive to treat and take time to heal. Advanced wound care products are replacing traditional wound care products. Advanced wound care products are more effective, efficient and enable fast healing of wounds over traditional wound care products. Advanced wound care products keeps wound hydrated, consistent temperature and maintain consistent oxygen flow. It also protects wounds from infection.

Market Dynamics (Drivers/Opportunities):

The rising prevalence of chronic and surgical wounds is driving the advanced wound care market. The population is increasing immensely worldwide so does the cases of diabetics and obesity. Due to diabetics and obesity the overall incidents of wounds are rising worldwide. The Complexities of such wounds are also increasing like infections and ulcerations which require treatment from advanced wound care products.

Advancement in technology has brought growth in advanced wound care market. People prefer advanced wound care products over traditional products. Advanced wound care products are efficient and effective over the traditional products. It provides fast healing and hydrated environment around the wounds. All this features drives the advanced wound care market to foresee growth.

Significant opportunities are provided for many market players in the advanced wound care products by the emerging economies such as Brazil, China, India and South Africa. Many companies are focusing on expanding their presence in the areas such as Latin America and Asia-Pacific.

 

 

Market Insights, by Product

Based on the product the advanced wound care market is segmented into device & accessories, grafts & matrices, dressings and topical agents. Dressing wound care system has accounted for maximum market share in 2019.

The dressing segment is estimated to register growth at highest CAGR during the forecast period. The rise in the incidence of chronic & surgical wounds which take time to heal is the major driving factor of this segment.  The rise in technology is also driving this segment to hold highest market share.

Market Insights, by Wound Type

 Based on the wound type the advanced wound care market is segmented into surgical & traumatic wounds, diabetic wounds, pressure ulcers, venous leg ulcers and burns & other wounds. Surgical & traumatic segment has accounted for maximum market size in the year 2019. It is projected to witness growth at highest CAGR during the forecast period.  The rising cases of diabetic foot ulcers and diabetes drives the surgical and traumatic wounds segment to witness highest growth during the forecast period.

Market Insights, by End-User

Based on the end user the advanced wound care market is segmented into Hospitals, ASCS & wound care centers, home care settings and other. The Hospitals, ASCS & wound care centers accounted for maximum market share in 2019. It is projected to register growth at highest CAGR during the forecast period. Growing cases of surgical and chronic wounds are the major driving factors of this segment.

Regional Insights

North America region has accounted for largest market share in 2019. North America market is projected to register growth at highest CAGR during the forecast period. The growing number of chronic, surgical and traumatic wounds in North America region is driving market of advanced wound care market. The people in this area prefer advanced wound care products over traditional wound care products. The technological advancement in North America region is also driving advanced wound care market.

Key Companies & Market Share Insights

The key market players in advanced wounds care market are Molnlycke Health Care AB, Smith & Nephew Plc, Barun Melsungen Ag, 3M Group, ConvaTec Group, Coloplast A/S, Cardinal Health Inc., Integra Life Science  Holdings Corp., Paul HARTMANN, Medline Industries, Advancis Medical LLC, Lohmann & Rauscher,  Organogenesis, MiMedx Group, WElcare Industries, De Royal industries Inc., Winner Medical Co., Kerecis and Holister. The key market players are focusing majorly on introducing technological advanced products to strengthen their market presence.

Segments Covered in the Report

This report forecasts The Global Advanced Wound Care Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global Automotive Brake System market report on the basis of product, wound type, and end-users.

Advanced Wound Care Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Advanced Wound Care Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Device & Accessories
  • Grafts & Matrices
  • Dressings
  • Topical Agents
  1. Advanced Wound Care Market, By Wound Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Surgical & Traumatic Wounds
  • Diabetic Wounds
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Burns & other wounds
  1. Advanced Wound Care Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hospitals, ASCS & wound care centers
  • Home care settings
  • Others
  1. Advanced Wound Care Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Wound Type
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Wound Type
      • By End-User
      • BY Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Wound Type
        • By End-User
        • BY Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Wound Type
          • By End-User
          • BY Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Wound Type
            • By End-User
            • BY Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Holister
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Molnlycke Health Care AB
    • Smith & Nephew Plc
    • Barun Melsungen Ag
    • 3M Group
    • ConvaTec Group
    • Coloplast A/S
    • Cardinal Health Inc.
    • Integra Life Science Holdings Corp.
    • Paul HARTMANN, Medline Industries
    • Advancis Medical LLC
    • Lohmann & Rauscher
    • Organogenesis
    • MiMedx Group
    • WElcare Industries
    • De Royal industries Inc.
    • Winner Medical Co.
    • Kerecis
  2. Appendix
    • Interrelated Market

Q Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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