Advanced Wound Care Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance, the Advanced Wound Care market size was estimated at USD 11.20 billion in 2023 and is projected to reach USD 20.41 billion in 2030 at a CAGR of 7.79% during the Forecast to 2030.
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Regional Analysis
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period. This growth can be attributed to the growing adoption of advanced technology and launch of new products in this region.
Moreover, the rising geriatric population and the increasing number of cases with chronic wounds is expected to drive the growth of the market during the forecast period.
Recent Developments
In August 2023, RedDress and OneMed formed a strategic partnership for the commercialization and distribution of the ActiGraft Wound Care System, a personalized and autologous wound care solution created from patients own whole blood, in the Nordics.
In July 2023, Coloplast announced the agreement to acquire Keracis, an Icelandic wound care company. This acquisition would allow Coloplast to acquire its wound care offerings.
The prominent players in the Advanced Wound Care Market are
· 3M Company
· B. Braun Melsungen AG
· Baxter
· Cardinal Health, Inc
· Coloplast A/S
· ConvaTec Group Plc
· DeRoyal Industries, Inc.
· Hollister Incorporated
· Integra Lifesciences
· Johnson & Johnson Private Limited
· Lohmann & Rauscher GmbH & Co. KG
· Medline Industries, Inc.
· Medtronic
· MiMedx Group, Inc.
· Misonix, Inc. and More
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Advanced Wound Care refers to a specialized approach in the management and treatment of complex or chronic wounds that do not heal through traditional methods. It involves using advanced techniques, therapies, and medical products, to promote optimal wound healing and prevent complications. This type of wound care is typically used for wounds that are difficult to heal such as diabetic ulcers, pressure ulcers, venous ulcers, and surgical wounds.
Advanced wound care is often provided by healthcare professional specializing in wound management, such as wound care nurses, dermatologists, plastic surgeons, and specialists in wound care clinics. The goal of advanced wound care is to promote faster healing, reduce the risk of infection, and minimize scarring, and improve the overall quality of life for individuals with chronic or difficult to heal wounds.
Key Findings
· Based on product, the market is segmented into wound dressings, active wound care, therapy devices, and other advanced wound care products. The dressings segment dominated the market in this segment. This is due to the increased use of dressing products for problems such as surgical wounds, ulcers as they offer various benefits such as ease of usage, moisture retention and high healing power.
· Based on wound type, the market is segmented into chronic wound and acute wound. Chronic would dominated the market in this segment. Prevalence of diabetic foot ulcers is increasing owing to the increasing number of diabetes cases.
· Based on wound class, the market is bifurcated into class I, class II, class III and class IV. Class III dominated the market in this segment due to increasing number of class III cases among the population.
· Based on end user, the market is segmented into hospitals, wound care centres, ambulatory centres, home healthcare, clinics and others. The hospitals dominated the market in this segment. This is because a greater number of patients prefer to visit hospitals for cases of surgical wounds, ulcers, burns, etc.
· Based on distribution channel, the market is bifurcated into direct tenders and retail. The direct tenders dominated the market in this segment. This is because majority of the products related to advanced wound care are directly distributed to hospitals, wound care centres, etc.
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Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for the Advanced Wound Care Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
In addition to the market data for the Advanced Wound Care Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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