Global Advanced Wound Care Market, 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), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.

The increasing adoption of inorganic strategies such as acquisition by key market players is expected to drive the global advanced wound care market growth over the forecast period. For instance, in June 2022, Convatec Group PLC, a medical technology company, announced that they had acquired Triad Life Sciences, Inc., a biotech company, to develop biologically-derived innovative products for the clinical needs in surgical wounds, chronic wounds and burns. This acquisition will strengthen Convatec’s advanced wound care position in the U.S. and secures access to a complementary and innovative technology platform that enhances advanced wound management and patient outcomes.

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

The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.

However, the COVID-19 pandemic had a negative impact on the global advanced wound care market, owing to the increasing demand for supply of advanced wound care. For instance, in January 2022, according to the data published in National Center for Biotechnology Information, COVID-19 resulted in increased risk of pressure ulceration and adverse skin reactions in both patients and healthcare staff. Moreover, most patients postponed or delayed aspects of their wound care due to COVID-19. As, COVID-19 is associated with physiologic changes that may affect wound healing.

Global Advanced Wound Care Market: Key Developments

In August 2020, SANUWAVE and SANUWAVE Health, Inc., a shock wave technology company, announced that they had acquired the wound care assets of the clinical-stage cell therapeutics company Celularity, a biotechnology company. This acquisition will enable SANUWAVE and SANUWAVE Health, Inc. to expand its addressable market and bring together energy transfer technologies and biologic skin substitute products to offer an end-to-end product offering platform in the advanced wound care market.

Browse 35 Market Data Tables and 33 Figures spread through 180 Pages and in-depth TOC on “Global Advanced Wound Care Market”-  Forecast to 2030, Global Advanced Wound Care Market, 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), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/advanced-wound-care-management-market-1159

Moreover, increasing adoption of inorganic strategies such as product launches by key market players is expected to drive the global advanced wound care market over the forecast period. For instance, in July 2020, EO2 Concepts, an advanced wound care technology company, announced that they had launched OxyGeni and the OxySpur wound dressings, that provides continuous diffusion of oxygen (CDO) therapy with system that offer full closure and pain relief to patients suffering with chronic wounds, including diabetic and other healing-compromised patients.

Key Takeaways of the Global Advanced Wound Care Market:

  • The global advanced wound care market is expected to exhibit a CAGR of 6.8% during the forecast period due to the increasing adoption of inorganic strategies such as technology advancement by the key market players. For instance, in April 2022, Wound Care Advantage, LLC., a hospital & health care company, announced that they had introduced LUVO, a digital network platform for wound centers, which can strengthen wound center and provide effective and efficient option for wound care patient.
  • Among product type, moist wound dressings segment is estimated to hold a dominant position in the global advanced wound care market over the forecast period due to increasing product launches by key market players. For instance, in October 2022, Healthium Medtech Limited, a medtech company, announced that they had launched a new wound dressing portfolio Theruptor Novo, an anti-microbial and non-toxic wound dressing with technology for the management of diabetic foot ulcers and leg ulcers. The launch of Theruptor Novo, will also strengthen Healthium existing portfolio of patented products in the advanced wound dressing segment.
  • Among regions, North America is estimated to account for the largest market share in the global advanced wound care market, owing to the increasing inorganic strategies such as acquisition by key market players. For instance, in December 2021, Essity, a hygiene and health company, announced that they had acquired Hydrofera, an advanced wound care company in the U.S. This acquisition will help Essity to expand their wound care product line in the advanced wound care management.
  • Major players operating in the global advanced wound care 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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