Wound Care Market Research Report 2020: Industry Analysis by Size, Growth, Trends, Application, Developments, Demand, Drivers, Challenges, Key Players & Forecast 2025

The global wound care market is projected to reach an approximate value of USD 25.1 billion by 2025, growing at a CAGR of 3.7%.

New Products for Optimum Hemostasis Underscores Advances in Wound Care Market

Growing instances of chronic and acute wounds is a significant growth driver in wound care market, opines Adroit Market Research in its new report offering. rise in surgical operations, lifestyle diseases, chronic ailments amongst geriatric population has significantly increased surgeries which in turn facilitates adoption of high-end wound management products. Medical device companies are making rampant progress in improving wound care products for superlative wound care. Aggressive R&D spending is also a vital driver, expected to pave new growth avenues in global wound care market.

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Avery Dennison Medical Launched Advanced Wound Care Products for Exudate Management

As part of new product developments amidst growing competition and increasing need for advanced wound care products, ley market participants are investing aggressively towards portfolio diversification.

Several new products have already been launched while numerous others are in the pipeline to improve wound healing capabilities and superlative medical outcome. Echoing this, Avery Dennison Medical in the previous year showcased its elaborate range of advanced wound care products.

One of the products includes a silicone foam dressing for managing moderate and high exudate production in wounds. The new products is a super absorbent and offers ample breathability with mild adhesion to maintain appropriate moisture lock for speedy healing.

Other additional products launched by the company in the range of wound management comprise wound care dressings of nonwoven material and advanced PU films for wound care and ostomy. This development is a noteworthy dive forward in advanced wound care ecosystem.

Baxter Releases Refurbished Hemostatic Matrix to Seal Intraoperative Bleeding in Surgeries

Additional headways have also been maneuvered by Baxter International with its recent FDA approval of Floseal Hemostatic Matrix for better wound care outcome. The refurbished Floseal version is apt to suit surgical operations and intraoperative bleeding, thus improving wound care management.

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Wound Care Management Surges amidst Pandemic Crisis

Wound care or wound management are categorized as non-essential medical practice. However, patients with severe conditions of diabetic foot ulcers, pressure ulcers, venous ulcers are likely to be more susceptible to acute infections. Amidst COVID-19 crisis when wound management is considered non-essential, rise in wound management is likely to witness significant rise.

Wound care management market report includes details about various market participants, their product details, company overview, revenue generation models, profit margin, pipeline investments, advertising and promotional activities and the like. Details on SWOT analysis of each of the vendor profile has been included to encourage lucrative business decisions.

The main key players in the global Keyword market are:  Smith & Nephew plc., Medtronic plc., Coloplast, 3M, Baxter International, and ConvaTec Group. Growth proficient geographical areas are identified as North and Latin America, Europe, MEA, and APAC. Wound care market is diversified by triple segments of wound type, end-user and product type.

Key Segments of the Global Wound Care Market

Product Overview, 2015-2025 (USD Million)
• Advanced Wound Care Products
o Advanced Wound Dressings
 Foam dressings
 Hydrocolloid dressings
 Antimicrobial dressings
 Film dressings
 Alginate dressings
 Hydrogel dressings
 Collagen dressings
 Others
o Wound Therapy Devices
 Negative Pressure Wound Therapy (NPWT)
 Oxygen and Hyperbaric Oxygen Equipment
 Pressure Relief Devices
 Electric Stimulation Devices
 Others
o Wound Care Bioactives
 Biological Skin Substitutes
 Topical Agents
• Surgical Wound Care Products
o Sutures & Staplers
o Tissue Adhesives, Glues & Sealants
o Anti-infective Dressings
• Traditional Wound Care Products
o Medical Tapes
o Dressings
o Cleansing Agents

Wound Type Overview, 2015-2025 (USD Million)
• Chronic Wounds
o Diabetic Foot Ulcers
o Venous Leg Ulcers
o Pressure Ulcers
o Others
• Acute Wounds
o Surgical and Traumatic Wounds
o Burns

End-users Overview, 2015-2025 (USD Million)
• Hospitals & Clinics
• Long-term Care Facilities
• Home Care Setting

Regional Overview, 2015-2025 (USD Million)
• North America (U.S., Canada)
• Europe (Germany, United Kingdom, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East & Africa

Some Major Points from Table of Content (TOC):
1. Introduction
2. Research Methodology
3. Market Outlook
4. Wound Care Market by Product, 2015-2025 (USD Million)
5. Wound Care Market by Wound Type, 2015-2025 (USD Million)
6. Wound Care Market by End-users, 2015-2025 (USD Million)
7. Wound Care Market by Region 2015-2025 (USD Million)
8. Competitive Landscape
9. Company Profiles
10. Appendix

What does the report include?

The study on the global wound care market includes qualitative insights such as drivers, restraints, challenges and opportunities
Additionally, the market has been evaluated using the Porter’s Five Forces analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of product, wound type, and end-users. Moreover, the study on wound care market provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players operating in the market with a significant global and/or regional presence

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Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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