Advanced Wound Care Market Analysis Report, Size, Share, Growth, Applications, Technology, Types, Products and Forecasts Report 2027

The global Advanced Wound Care Market is expected to reach USD 20.42 Billion by 2027, according to a new report by Emergen Research. The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management.

Key Highlights From The Report

The large proportion of surgical wounds in the wound type segment can be attributed to the increasing incidence of diabetic foot ulcers & pressure ulcers and post-operative surgical wounds. Surgical wounds extend the stay of the hospital, cause an enormous economic burden, and significantly impair the quality of life. The increasing number of surgeries due to trauma, accidents, and increasing chronic disease prevalence will boost the market over the forecast period.

Increasing hospital admissions due to chronic and increased incidence of hospital-acquired pressure ulcers are key market drivers for this end-user segment's growth. Furthermore, extended hospital stays of diabetes patients in this end-user segment further increases the demand for advanced wound care products.

The market for moist wound therapy is expected to grow at a CAGR of 9.5% during the forecast period. Factors that drive this segment's growth include the increasing incidence of diabetes-associated ulcers and increased demand for innovative and advanced wound dressings to treat such wounds.

The market for North America is expected to hold the largest market share in the year 2019. The regional demand will be driven by the high and rising prevalence of chronic and acute wounds and an increasing number of surgeries. In addition, high awareness and adoption of advanced wound care devices will propel regional growth.

Key participants include Smith & Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group, Coloplast, Integra LifeSciences, 3M, Cardinal Health, and Lohmann & Rauscher, among others.

Regional scope- North America; Europe; Asia Pacific; Central & South America; MEA

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Moist Wound Dressings

Foam

Hydrocolloid

Film

Alginate

Hydrogel

Collagen

Wound Therapy Devices

Pressure Relief Devices

Negative Pressure Wound Therapy Systems

Hyperbaric Oxygen Equipment

Electrical Stimulation Devices

Other Wound Therapy Devices

Active Wound Care

Artificial Skin and Substitutes

Autografts

Wound Type Outlook (Revenue, USD Billion; 2017-2027)

Surgical Wounds

Ulcers

Burns

Traumatic Wounds

Others

End-User Outlook (Revenue, USD Billion; 2017-2027)

Home Care Settings

Hospitals and Clinics

Others

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