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Wound Care Management Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 4763913
  • Report
  • May 2020
  • Region: Global
  • 112 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Coloplast A/S
  • ConvaTec Group PLC
  • Integra Lifesciences
  • MORE
The Wound Care Management Market is expected to register a CAGR of 6.5% during the forecast period. The key factors propelling the wound management market include the growing demand for faster recovery of wounds, increase in the number of surgeries, and the rising incidences of chronic diseases, such as diabetes.

Diabetes is found to be the major wound causing disease along with other chronic diseases. In adults who are aged over 65 years, the population suffering from diabetes is more than 25%. The incidence of chronic wounds, especially foot ulcers is increasing among the diabetic population. Moreover, as per Germany Federal Statistical Office 2020 report, currently there about 83 million population in Germany. of these 16.2 million population are above 67 years of age and this number is projected to reach 21.4 million in 2040. As the number of the elderly population is expected to increase in near future who are more prone to chronic diseases like diabetes and this population are expected to experience diabetic foot ulcers in near future which is expected to show a positive impact on the market.​

Therefore, the number of diabetic patients is expected to increase with the increasing geriatric population, which, in turn, will drive the growth of the wound care management devices over the forecast period.

Key Market Trends

Surgical Staplers is Expected to Hold a Major Market Share in the Wound Care Management Market

Surgical staplers are specialized medical staplers, which can be used as an alternative to sutures, for the purpose of wound closure. They can be used during minimally invasive image-guided procedures. With the rise in demand for minimally invasive surgeries, the surgical staplers segment is expanding. Surgical staplers offer benefits, such as faster recovery, less pain, coagulation, and accurate closure, especially in minimally invasive procedures. Various applications of surgical staplers include the areas of gynaecology, abdominal surgeries, cardiothoracic and orthopaedic surgeries, etc. as per Government of Canada Statistics report 2019, as of July 2019 Canadian older population included 6,592,611 which accounted for 17.5% of the Canadian population. Although the proportion of seniors in Canada has been increasing over time. Moreover, the aging of Canada’s population was influenced by the baby boomers who turned 65 in the last five years as well as increasing life expectancy. As the number of the older population is expected to grow in the near future this population are more prone to diabetes which ultimately increases diabetic foot ulcers in the near future and shows a positive impact on market.​ Thus, owing to the above factors the surgical staplers are expected to show growth over the forecast period.

North America Represents the Major Market and Asia-Pacific is Expected to Register Fastest Growth.

North America dominates the wound care management market due to the increasing incidence of chronic wounds, favorable reimbursement policies, and rise in the ageing population. As per American Podiatric Medical Association (APMA) 2020, diabetes is the leading cause of non-traumatic lower extremity amputations in the United States, and approximately 14-24% of patients with foot ulcer require an amputation. However, Asia-Pacific is expected to witness the highest CAGR, with the growth in this market centered on Japan, China, and India. Additionally, there are factors, such as the increasing focus of the major players in the emerging Asian countries and government support that is driving the growth of the wound care management device market in this region.

Competitive Landscape

The Wound Management Market is competitive and consists of several major players. The market players are committed to developing innovative healing solutions for customers and patients across the care continuum, generating proven clinical outcomes. The companies are also showing continuous growth and are developing new and differentiated products and services, which address the evolving healthcare needs among patients, providers, and consumers. Some of the companies which are currently dominating the market are 3M Company, Braun Melsungen AG, Cardinal Health, Inc., Coloplast A/S, Johnson and Johnson, ConvaTec Group PLC, Integra Lifesciences, Molnlycke Health Care, Medtronic PLC, Paul Hartmann AG and Smith & Nephew.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Coloplast A/S
  • ConvaTec Group PLC
  • Integra Lifesciences
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Incidences of Chronic Wounds, Ulcers and Diabetic Ulcers
4.2.2 Increase in Volume of Surgical Procedures Worldwide
4.2.3 Increase in Aging Population
4.3 Market Restraints
4.3.1 Lack of Reimbursements Policies
4.3.2 High Treatment Costs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Wound Care
5.1.1.1 Dressings
5.1.1.2 Wound Care Devices
5.1.1.3 Topical Agents
5.1.1.4 Other Wound Care Products
5.1.2 Wound Closure
5.1.2.1 Suture
5.1.2.2 Surgical Staplers
5.1.2.3 Tissue Adhesive, Strips, Sealant, and Glue
5.2 Wound Type
5.2.1 Chronic Wound
5.2.1.1 Diabetic Foot Ulcer
5.2.1.2 Pressure Ulcer
5.2.1.3 Arterial and Venous Ulcer
5.2.1.4 Other Chronic Wounds
5.2.2 Acute Wound
5.2.2.1 Surgical Wounds
5.2.2.2 Burns
5.2.2.3 Other Acute Wounds
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East & Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East & Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun Melsungen AG
6.1.3 Cardinal Health, Inc.
6.1.4 Coloplast A/S
6.1.5 ConvaTec Group PLC
6.1.6 Integra Lifesciences
6.1.7 Molnlycke Health Care
6.1.8 Medtronic PLC
6.1.9 Johnson and Johnson
6.1.10 Smith & Nephew

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Coloplast A/S
  • ConvaTec Group PLC
  • Integra Lifesciences
  • Molnlycke Health Care
  • Medtronic PLC
  • Johnson and Johnson
  • Smith & Nephew
Note: Product cover images may vary from those shown
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