Advanced Wound Care Market And Their Effectiveness In The Treatment Of Wound Healing

Advanced wound care (AWC) methods are fast replacing traditional wound care methods due to their greater effectiveness of wound healing. AWC methods have been found highly effective in healing chronic types of wound.

The Global Advanced Wound care market has been estimated at USD 8,282.1 Million in 2016 and is projected to reach USD 10,604.2 Million by 2022, at a CAGR of 4.48%

AWC Market Segments

Advanced wound care market can be segmented in different ways, the prominent segments of AWC markets include:

  • Segmentation based on the type of wound care: includes dressing, healing devices, and active wound care.
  • Segmentation on the basis of the type of wound: wounds can be due to ulcers, surgery, cuts, and burns.
  • Segmentation on the basis of care location: wound therapy may need to be applied to hospitalized patients, OPD patients as well as non hospitalized patients.
  • Geographical Segmentation: this includes the AWC market of the different regions of the world.

AWC Market Growth Drivers

The main factors identified behind the growth in AWC global market include:

  • AWC Features: AWC solution features of efficacy, availability, pricing, and convenience have placed it in high demand.
  • Advances in technology and therapeutics: includes advanced surgical methods and devices like composite gauze. Therapeutic advancements include foam, film, antimicrobial and alginate dressings and healers such as hydrogels, collagens, and hydrocolloids
  • Ageing world population: as people grow older the body loses the power to heal wounds quickly, and several times the wound may acquire chronic status.
  • Ineffectiveness of traditional wound care methods: advanced wound care therapy is based on the advanced probe into therapy of chronic wounds as these were not healable by the traditional wound care methods.
  • Increase in chronic wound incidences due to diabetes and other ailments: ailments such as diabetes may reduce the wound healing ability of the body. Since diabetes is on the rise incidences of chronic wounds are also on the rise.
  • Government Initiatives: the government is promoting AWC solutions to reduce hospital stay and effect faster chronic wound healing.

Advanced Wound Care Global Market Report

The report on AWC Global market provides

  • Segment wise share of total global market
  • Segment-wise growth, trends, and forecasts

The fastest growing geographical segment in Asia Pacific. Countries like India and China have highest growth potential in this market but lack of awareness and prices remain the major issues.

Well, known global industry players include Smith and Nephew, ConvaTec, 3M Healthcare and five other big players. Recently smaller firms have merged with big companies to work on advanced solutions in anesthesia monitoring devices. Advanced Wound Care solutions can also see a similar trend.

To Conclude…………….

People suffering from chronic wounds are on the rise due to an ageing population and also increase in diabetic population all over the world. Developing nations like India and China are unsaturated markets as there is lack of awareness regarding advanced wound care methods and hence show high growth potential.

It is a misconception that advanced wound care costs more. AWC products are reasonably priced and can be made easily available in medical counters, on the whole, they can cost less than traditional wound care solutions as hospital stay is reduced and wound recuperation is quick. Applying AWC solutions is also convenient and can even be self-applied.

The challenge for various industry players would be to integrate into the supply chain of AWC market, increase awareness and ensure availability. Industry players at the production end would need to integrate latest AWC technologies like latest quick healing solutions into their offer.

Check out Market Data Forecast’s comprehensive reports with in-depth analysis about the Advanced Wound Care Market free research sample can also be availed. Stay tuned for trending news stories about the latest technologies and interesting Healthcare tit-bits.

Share this post:

Recent Posts

Leave a Comment