Advanced Wound Care Market 2021 by Statistics, Top Trends, COVID-19 Impact & Growth Forecasts till 2026

The advanced wound care market growth will be driven by robust technological advancement in the medical field, a substantial rise in geriatric population, and numerous government initiatives to enhance healthcare infrastructure. Advanced wound dressings are impermeable to bacteria and speed up the healing of wounds. Reportedly, chronic diseases currently account for nearly 60% of all deaths globally.

An increasing number of surgical procedures to treat chronic ailments and injuries including complexed nonhealing wounds would boost the demand for advanced wound care products in the upcoming years. According to a Global Market Insights, Inc., report, global advanced wound care market size is projected to surpass US$14.4 billion by 2026. Mentioned below are some factors encouraging the adoption of advanced wound care solutions.

Significant rise in road accidents

As per the WHO estimations, road accidents across the globe claim nearly 1.35 million lives each year and around 50 million people suffer from non-fatal injuries. Such accidents often lead to heavy blood loss and other injuries, which require quick medical attention and surgical procedures to provide immediate relief to the patient.

A drastic rise in surgical procedures owing to a growing number of accidents, trauma cases, and chronic diseases globally will bolster the advanced wound care market landscape in the forthcoming years.

Consistent demand for wound dressing products

The wound dressing product segment was accounted for a substantial market share of around 55% in 2019 and is expected to show similar trends through 2026. The segment is further classified into anti-microbial dressings, hydrocolloidal dressings, foam dressings, alginate dressings, hydrogel dressings, film dressings, and others.

On account of reckless driving and alcohol consumption, the number of road accidents have increased significantly over the years, especially in urban regions. These factors, along with the rising incidences of skin burns requiring alginate and hydrocolloid wound dressings would further enhance the product demand.

To access sample pages of this report titled, “Advanced Wound Care Market Size By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices, {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen and Hyperbaric Oxygen Equipment}), By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By End Use (Hospitals, Homecare Settings), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents, please click on the link below:

Wide application in surgical wound treatment

The advanced wound care market share from surgical wounds application segment accounted for a resounding revenue share of over US$3.1 billion in 2019. The ability of these solutions for healing wounds and eliminating chances of fungal infection will increase their demand considerably.

Additionally, a growing number of health problems and surgical procedures across the globe and the expansion of healthcare infrastructure in developed and developing nations will spur segment growth.

Growing adoption in homecare settings

The advanced wound care market share from homecare settings segment is expected to grow at over 6.5% CAGR through 2026. Growing preference for different wound treatment solutions among the elderly would propel homecare settings segment expansion.

The easy availability of numerous wound care solutions by leading pharma firms helps elder people to get the benefits of these medical products conveniently. Benefits associated with the product such as ease of use, convenience, and reduced hospital visits would boost the demand for advanced wound care solutions in the coming years.

Robust advanced wound care market in APAC

The Asia Pacific advanced wound care industry in 2019 accounted for about 16% market share and is expected to grow considerably in the upcoming years. The regional industry expansion is majorly attributed to the rising medical tourism in emerging countries such as Thailand and India. These countries are also extensively investing towards the development of an improved healthcare infrastructure.

Lohmann & Rauscher, Hollister Incorporated, Coloplast, Mölnlycke, Beiersdorf global, ConvaTec Group, HARTMANN International, MPM Medical, Derma Sciences, Medline Industries, B. Braun, Integra LifeSciences Corporation, Organogenesis, 3M, and Smith and Nephew are some prominent firms which are part of the global advanced wound care market.

The surging number of patients suffering from chronic diseases, who are more vulnerable to developing chronic wounds would further escalate the demand for advanced wound care products, bolstering the industry outlook significantly.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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