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Advanced Wound Care Products - Global Market Trajectory & Analytics

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    Report

  • 583 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4721451

Global Advanced Wound Care Products Market to Reach $13.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Advanced Wound Care Products estimated at US$8.8 Billion in the year 2020, is projected to reach a revised size of US$13.2 Billion by 2027, growing at a CAGR of 6% over the analysis period 2020-2027. Moist Wound Dressings, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$5.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Therapy Devices segment is readjusted to a revised 6.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 9.2% CAGR

The Advanced Wound Care Products market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027.

Antimicrobial Dressings Segment to Record 7% CAGR

In the global Antimicrobial Dressings segment, USA, Canada, Japan, China and Europe will drive the 7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.8% CAGR through the analysis period.

Select Competitors (Total 116 Featured) -

  • 3M Company
  • Cardinal Health, Inc.
  • Coloplast A/S
  • ConvaTec, Inc.
  • Hollister Incorporated
  • Medline Industries, LP
  • Mölnlycke Health Care AB
  • Organogenesis, Inc.
  • Integra LifeSciences Corporation
  • Paul Hartmann AG
  • Smith & Nephew Plc
  • Urgo Medical

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19-Led Wound Management Crisis Create Need for Effective Interventions
  • Deferred Wound Care Creates Pressing Need for Advanced Products
  • Advanced Wound Care Products - Global Key Competitors
  • Exhibit 1: Advanced Wound Care Products - Global Key Competitors Percentage Market Share in 2022 (E)
  • Product Landscape of Select Players in the Global Advanced Wound Care Market (2022)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 19 Players Worldwide in 2022 (E)
  • Advanced Wound Care: An Expanding Treatment Paradigm for Acute and Chronic Wounds
  • Major Categories
  • Moist Dressings
  • Antimicrobial Dressings
  • Therapy Devices
  • Active Therapies
  • Market Outlook
  • Rising Healthcare Burden of Chronic Wounds Emphasises the Need for Effective Woundcare Products
  • Prevalence and Incidence of Wounds - Select Statistics
  • Exhibit 2: Global Prevalence of Wounds (2019)
  • Exhibit 3: Global Wound Care Market: Percentage Breakdown of Spending by Wound Type
  • Exhibit 4: Healing Time by Type of Wound (in Days)
  • Chronic Wounds: Select Statistics
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Incidence of Hard to Heal Wounds Benefits Demand for Advanced Wound Care Products
  • Stalled Wounds: A Growing Area of Concern
  • Exhibit 5: Stalled Chronic Wounds by Country (in ‘000s)
  • Advanced Wound Care Score Over Traditional Wound care in terms of Cost and Healing Time
  • Exhibit 6: % of Treatment Cost by Type of Resource for Traditional and Advanced Wound Care
  • Exhibit 7: Breakdown of Costs Associated with Wound Care
  • Exhibit 8: Economic Cost of Wound Care: Traditional Gauze Dressing Vs. Foam Dressing
  • Rise in Prevalence of Pressure Ulcers Throws Spotlight on Advanced Wound care Solutions
  • Exhibit 9: Pressure Ulcer Occurrence Rate Based on the Length of Surgery
  • Wound Care Diagnostics: A Widening Area of Interest
  • Innovations and Technological Advancements Remain Buoyant in the AWC Market
  • Adjunctive Wound Care Treatments Deal with Hypoxia to Expedite Wound Healing
  • Wound Care Dressing for Faster Granulation
  • Innovative Solutions for Hard-to-Heal Wounds
  • Multilayered Non-Woven Dressing with High Tensile Strength
  • Absorbent, Self-Adherent Wound Dressings
  • Multilayer Silicon Foam Wound Dressings
  • Smart Dressings: The Future of Wound Care
  • New Wound Dressings to Drive Further Growth
  • Rising Incidence of Diabetes and DFUs to Propel Market Growth and Need for Advanced Solutions
  • Exhibit 10: World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Exhibit 11: Global Diabetes Mellitus Population Breakdown by Geographic Region: 2019, 2030 and 2045
  • Exhibit 12: World Diabetes Prevalence (2000 - 2040P)
  • COVID-19 Crisis & Restrictions Upend Care for Diabetic Foot Disease Patients
  • Growing Focus on Reducing Hospital Stays Lends Traction
  • Antimicrobial Dressings Find Application for Healing Wounds with High Bacterial Load
  • Advanced Wound Care Solutions to Combat Multidrug-Resistance Bacterial & Promote Healing
  • Negative Pressure Wound Therapy: A Growing Area of Wound Management
  • Application of Single-use NPWT Devices Drives Adoption in Homecare Settings
  • Tissue Engineering: A Growing Area of Interest in Wound Care
  • Bioengineered Skin Substitutes
  • Collagen Dressings in Advanced Wound Care
  • Wound Management and Efficacy of Cellular Growth Factors
  • Growth Factors for Wound Management - A Snapshot
  • Prolonged Healing Period of Wounds Due to Hospital Acquired Infections Further Propel Demand
  • Growing Acceptance of Moist Wound Environment Spurs Demand for Moist Wound Dressings
  • Advanced Wound Care for Effective Burn Wound Management
  • Uptrend in Surgical Care Augurs Well for Market Growth
  • Exhibit 13: Global Surgical Procedure Volume by Procedure Type
  • MACRO GROWTH DRIVERS
  • Impact of Healthcare Expenditure on Market Growth
  • Exhibit 14: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Expanding Aging Population Spurs Demand
  • Exhibit 15: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Exhibit 16: Elderly Healthcare Expenditure as a % of GDP for 1970, 2010 and 2050
  • Growing Obesity Levels and Risks of Pressure Ulcers to Support Demand
  • Exhibit 17: Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Advanced Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Advanced Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 3: World 11-Year Perspective for Advanced Wound Care Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Moist Wound Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Moist Wound Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 6: World 11-Year Perspective for Moist Wound Dressings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Therapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Therapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 9: World 11-Year Perspective for Therapy Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Antimicrobial Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Antimicrobial Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 12: World 11-Year Perspective for Antimicrobial Dressings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Active Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Active Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 15: World 11-Year Perspective for Active Wound Care Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Acute by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Acute by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 18: World 11-Year Perspective for Acute by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Chronic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Chronic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 21: World 11-Year Perspective for Chronic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 24: World 11-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Specialty Clinics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Specialty Clinics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 27: World 11-Year Perspective for Specialty Clinics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Home Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Home Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 30: World 11-Year Perspective for Home Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2019 and % CAGR
  • Table 33: World 11-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
III. MARKET ANALYSISUNITED STATESCANADAJAPANCHINAEUROPEFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEASIA-PACIFICAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICA
IV. COMPETITION
  • Total Companies Profiled: 116

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Cardinal Health, Inc.
  • Coloplast A/S
  • ConvaTec, Inc.
  • Hollister Incorporated
  • Medline Industries, LP
  • Mölnlycke Health Care AB
  • Organogenesis, Inc.
  • Integra LifeSciences Corporation
  • Paul Hartmann AG
  • Smith & Nephew Plc
  • Urgo Medical