Artificial Intelligence
Advanced Wound Care Management Market to Surpass US$ 22,299.5 Million by 2030, Says Coherent Market Insights (CMI)
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Burlingame, March 02, 2023 (GLOBE NEWSWIRE) — According to Coherent Market Insights, the global advanced wound care management market is estimated to be valued at US$ 13,197.9 million in 2022 and is expected to exhibit a CAGR of 6.8% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Advanced Wound Care Management Market:
Major players operating in the market are focusing on increasing technological advancements by key market players, which is expected to drive the global advanced wound care management market growth over the forecast period. For instance, in September 2022, Arch Therapeutics, Inc., a biotechnology company, announced the first shipments of AC5 Advanced Wound System (“AC5”) under the new reimbursement support program, AC5 is a synthetic self-assembling wound care product used for the management of partial and full-thickness wounds, such as pressure sores, leg ulcers, diabetic ulcers, and surgical wounds.
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Advanced Wound Care Management Market Report Coverage
| Report Coverage | Details | |||
| Base Year: | 2021 | Market Size in 2022: | US$ 13,197.9 Mn | |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 | |
| Forecast Period 2022 to 2030 CAGR: | 6.8% | 2030 Value Projection: | US$ 22,299.5 Mn | |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: | Johnson & Johnson Services, Inc., 3M, Baxter, Coloplast A/S, Integra LifeSciences, Medtronic, Omeza, Cardinal Health, Bactiguard AB, Noventure, Essity, Schulke & Mayr GmbH, Smith & Nephew Plc., Convatec Group PLC, SANUWAVE and SANUWAVE Health, Inc., EO2 Concepts, Wound Care Advantage, LLC., Healthium Medtech Limited, Arch Therapeutics, Inc., Hydrofera, Sanara MedTech Inc., Axio Biosolutions Pvt Ltd., and Gentell, Inc. | |||
| Growth Drivers: |
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| Restraints & Challenges: |
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Key Market Takeaways:
The global advanced wound care management market is expected to exhibit a CAGR of 6.8% during the forecast period due to technological advancement by key market players. For instance, in July 2022, Smith & Nephew Plc., a medical technology company, announced that they had launched WOUND COMPASS, a clinical support app for the management of wound care and to reduce practice variation in wound care that helps the nurses while assessing and treating wounds.
On the basis of product type, moist wound dressing segment is expected to hold a dominant position in the global advanced wound care management market over the forecast period. For instance, in January 2020, Convatec Group PLC, a medical device company, announced that they had launched ConvaMax, a moist wound dressing product for the management of highly exuding wounds, including leg ulcers, pressure ulcers, diabetic foot ulcers and dehisced surgical wounds.
Competitive Landscape:
Key players operating in the global advanced wound care management market include Johnson & Johnson Services, Inc., 3M, Baxter, Coloplast A/S, Integra LifeSciences, Medtronic, Omeza, Cardinal Health, Bactiguard AB, Noventure, Essity, Schulke & Mayr GmbH, Smith & Nephew Plc., Convatec Group PLC, SANUWAVE and SANUWAVE Health, Inc., EO2 Concepts, Wound Care Advantage, LLC., Healthium Medtech Limited, Arch Therapeutics, Inc., Hydrofera, Sanara MedTech Inc., Axio Biosolutions Pvt Ltd., and Gentell, Inc.
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Market Segmentation:
- Global Advanced Wound Care Management, By Product Type:
- Moist Wound Dressings
- Foam Dressings
- Hydrocolloid Dressings
- Film Dressings
- Alginate Dressings
- Hydrogel Dressings
- Collagen Dressings
- Wound Therapy Devices
- Pressure Relief Devices
- Negative Pressure Wound Therapy Systems
- Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Active Wound Care
- Artificial Skin and Substitutes
- Topical Agents
- Moist Wound Dressings
- Global Advanced Wound Care Management, By Wound Type:
- Surgical Wounds
- Ulcers
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Ulcers
- Traumatic Wounds
- Burns
- Other Wounds
- Global Advanced Wound Care Management, By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Global Advanced Wound Care Management, By Region:
- North America
- By Country
- U.S.
- Canada
- By Country
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- By Country
- Africa
- By Region/Country
- South Africa
- Central Africa
- North Africa
- By Region/Country
- North America
Related Market Intelligence Reports:
High Intensity Focused Ultrasound (HIFU) Market, By Imaging Technology (Ultrasound- HIFU Therapy, and Magnetic Resonance Imaging- HIFU Therapy), By Indication (Oncology {Prostate cancer, Rectal tumors, Liver tumors, Renal tumors, others}, Skin Care {Anti-aging treatment, Skin Laxity and Tightening, Others}, Neurological Disorders, and Others), By End User (Hospitals, Ambulatory Surgical Centers, Dermatology Clinics, and Others), And by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030
Wound Care Market, By Product Type (Advanced Wound Management Products(Wound Dressings, (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Anti-Infective Dressings, Alginate Dressings, Collagen Dressings), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, Electrical Stimulation Devices, and Active Wound Care), Surgical Wound Care Products, (Sutures and Staples, Tissue Adhesives, Sealants, and Glues) and Traditional Wound Care Products, (Medical Tapes, Dressings, Cleansing Agents))), By Wound Type Chronic Wound (Pressure Ulcers, Diabetic Foot Ulcers, Venous Ulcers, Other Chronic Wounds (Traumatic Wounds, etc.)) and Acute Wounds, (Surgical and Traumatic Wounds, Burns)), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others (Home Care Settings, etc.)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
