Advanced Wound Care Market to observe significant gains over 2020 – 2026

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Advanced Wound Care Market Trends Information and
Competitive Landscape Scenario to 2026

• The advanced wound care market expansion would be
  augmented by a substantial rise in geriatric
  population, robust technological advancement, and
  numerous government initiatives to enhance
  healthcare infrastructure. The benefit of being
  impermeable to bacteria, these dressings speed up
  the healing process of wounds, resulting in the
  high adoption of the product.
• Reportedly, chronic diseases currently account
  for nearly 60 of all deaths globally. An
  increasing number of surgical procedures to treat
  chronic ailments and injuries including complexed
  nonhealing wounds would escalate the demand for
  advanced wound care products in the coming years.
  According to a Global Market Insights, Inc.,
  report, global advanced wound care market size is
  projected to surpass US14.4 billion by 2026.

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• A significant rise in surgical procedures on
  account of surging number of chronic diseases,
  accidents, and trauma cases globally will boost
  the advanced wound care industry progression in
  the forthcoming years. As per the WHO
  estimations, road accidents cause nearly 1.35
  million deaths each year globally and around 50
  million people suffer from non-fatal injuries.
  Such accidents often lead to severe blood loss
  and other injuries, which require quick medical
  attention including surgical procedures to
  provide immediate relief to the patient.

• The wound dressing product segment held a
  significant market share of nearly 55 in 2019
  and will capture maximum share up to 2026. The
  wound dressing category is further bifurcated
  into hydrocolloidal dressings, anti-microbial
  dressings, alginate dressings, foam dressings,
  film dressings, hydrogel dressings, and others.
  On account of reckless driving and alcohol
  consumption, rising road accidents especially in
  urban regions are driving the utilization of
  wound dressings.

• The surgical wounds segment accounted for the
  largest market share of over US3.1 billion in
  2019. A rising number of health problems and
  surgical procedures across the globe and the
  notable development of healthcare infrastructure
  in developed as well as developing countries is
  the prime factor responsible for segment growth.
  Additionally, the ability of advanced wound care
  solutions in curing wounds and eliminating the
  chances of infection will encourage a high
  preference for reliable wound dressing products.

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• Regional Analysis

• Asia Pacific advanced wound care industry
  accounted for nearly 16 of the total market
  share in 2019 and is anticipated to grow
  considerably in the upcoming years. The regional
  industry expansion is majorly attributed to
  growing medical tourism in emerging countries
  such as Thailand and India. Extensive investment
  to uplift healthcare infrastructure in these
  geographies would provide growth opportunities to
  the industry.

• Competitive Analysis

• Prominent firms functional in the global advanced
  wound care industry include Lohmann Rauscher,
  Hollister Incorporated, Coloplast, Mölnlycke,
  Beiersdorf global, ConvaTec Group, HARTMANN
  International, MPM Medical, Derma Sciences,
  Medline Industries, B. Braun, Integra
  LifeSciences Corporation, Organogenesis, 3M, and
  Smith and Nephew.

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