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  • Published On : Nov 2022
  • Code : CMI1159
  • Pages :145
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

The advanced wound care management includes wound prevention and wound healing with a highly complex specialty. Wound management of the chronic wound is a complex topic with extensive ongoing research to identify etiologic factors and to develop better materials and methods of dealing with the chronic wound. Collaboration between the nursing team and treating medical team is essential to ensure appropriate wound management and facilitate optimal wound healing. Wounds can be caused due to variety of reasons some caused from surgical intervention, some are the reason of injury, and others are a consequence of extrinsic factors such as pressure or shear, or underlying conditions such as diabetes or vascular disease.

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).

Figure 1. Global Advanced Wound Care Management Market Share (%), by Wound Type, 2022

ADVANCED WOUND CARE MANAGEMENT MARKET

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Global Advanced Wound Care Management Market - Driver

Increasing strategies adopted by key market players such as product launch, is expected to drive the global advanced wound care management market For instance, in November 2020, Sanara MedTech Inc., a medical technology company, announced that they had launched BIAKOS, an antimicrobial hydrogel wound dressing for the management of partial and full-thickness wounds, such as diabetic foot ulcers, post-surgical wounds, pressure ulcers, first and second-degree burns, grafts and donor sites.

Figure 2. Global Advanced Wound Care Management Market Share (US$ Million), by Region, 2022

ADVANCED WOUND CARE MANAGEMENT MARKET

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Global Advanced Wound Care Management Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, are facing problems with regards to the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a negative impact on the global advanced wound care management market. For instance, in September 2021, according to the data published in the American Journal of Managed Care, chronic wound care had been delayed during COVID-19 pandemic, which results in several infections, increased hospitals admission. Therefore, it will be critical for providers, hospitals, outpatient departments to understand and plan for a surge in patients with untreated and unmanaged non-healing wounds and related acute-on-chronic complications as a result of delayed care during the COVID-19 pandemic. Moreover, some patients have avoided the appointments for wound care clinics due to fear of exposure to COVID-19.

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% 20 Value Projection: US$ 22,299.5 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • 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)
  • By Wound Type: Surgical Wounds, Ulcers (Pressure Ulcers, Diabetic Foot Ulcers), Venous Ulcers (Traumatic Wounds, Burns, Other Wounds)
  • By End User: Hospitals, Clinics, Ambulatory Surgical Centers
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:
  • Adoption of inorganic strategies such as product approval by key market players
Restraints & Challenges:
  • Increasing number of product recalls by regulatory authorities such as U.S. Food and Drug Administration

Global Advanced Wound Care Management Market: Key Developments

Adoption of inorganic growth strategies such as product approval by key market players is expected to drive the global advanced wound care management market. For instance, in February 2021, Axio Biosolutions Pvt Ltd., a medical technology company, announced that they had received European CE mark approval for MaxioCel, a wound care product for healing of chronic wounds, such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, cavity wounds, skin abrasions, and surgical wounds during clinical surgeries.

Global Advanced Wound Care Management Market: Restraint

Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration is expected to hinder the market growth. For instance, in March 2020, the U.S. Food and Drug Administration recalled a class II device Honey Hydrogel, which is manufactured by Gentell, Inc., a wound care company. The hydrogel was recalled because during the Food and Drug Administration audit, it was discovered that the product was not properly registered with Food and Drug Administration.

Global Advanced Wound Care Management Market - Key Players

Major 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.

 

Frequently Asked Questions

The global advanced wound care management market size is estimated to be valued at US$ 13,197.9 million in 2022 and is expected to exhibit a CAGR of 6.8% between 2022 and 2030.

Adoption of inorganic strategies such as product approval by key market players is expected to drive the market.

Surgical Wounds is the leading wound type segment in the market

The key factors hampering the market include increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration.

Major players operating in the 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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