Global Advanced Wound Care Market – Industry Trends and Forecast to 2025

Rising aging population, growing incidences of diabetes, technological advancement, rising awareness regarding new technology, government support in the terms of funding, reduced the duration of hospital stays, rising incidence of chronic wounds, problem associated with ineffective traditional wound healing method, increase funding in wound care and development, increasing volume of surgeries across the globe, faster recovery and healing time, range of wound indications at relatively lower prices, innovative products and rising demand in emerging healthcare market are some of the drivers contributing to the growth of the market.

Market Segmentation: Global Advanced Wound Care Market

  • The global advanced wound care market is segmented into three product types, namely, dressing, biologics, and therapy devices. In 2017, dressing segment is expected to dominate the global advanced wound care market with 56.4% market share. However biologics segment is expected to grow at the highest CAGR of 10.8% in the forecast period 2018 to 2025.
  • Based on wound type, the market is segmented into surgical wound, diabetic ulcer, burns, pressure ulcer, venous ulcer among others. In 2018, surgical wound segment is expected to dominate the Global advanced wound care market with highest market. However diabetic ulcers is growing with the highest CAGR of in the forecast period 2018 to 2025.

Key Points: Global Advanced Wound Care Market

The global advanced wound care market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Acelity L.P. Inc., dominated the global advanced wound care market, followed by Smith and Nephew and Molyncke Healthcare respectively, in 2017.
  • The dressing segment is dominating the global advanced wound care market.
  • Biologics is expected to grow with the highest CAGR in the forecast period 2018 to 2025.

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