Advanced Wound Care Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70554
Technavio

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The advanced wound care market has the potential to grow by USD 3.15 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.80%.

This advanced wound care market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (advanced wound dressings, wound therapy devices, and wound care biologics), geography (North America, Europe, Asia, and ROW), and end-user (hospitals and clinics and ASCs). The advanced wound care market report also offers information on several market vendors, including 4L Health Co. Ltd., Coloplast AS, ConvaTec Group Plc, Essity Aktiebolag (publ), Hollister Inc., Johnson & Johnson, Lohmann & Rauscher GmbH & Co. KG, Molnlycke Health Care AB, Organogenesis Inc., and Smith & Nephew plc among others.

What will the Advanced Wound Care Market Size be in 2021?

Advanced-Wound-Care-Market-Market-Size-2020-2025

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Advanced Wound Care Market: Key Drivers and Trends

The technological advances is notably driving the advanced wound care market growth, although factors such as high cost of wound treatments and advanced wound care products may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the advanced wound care industry get your FREE report sample now.

  • The technological advances in wound treatment are a few of the primary factors driving the global advanced wound care market growth.
  • In recent years, there have been substantial advancements in the tracking of wound healing, development of novel graft and coverage operations, controlling inflammation, optimizing delivery needs, and testing unique pharmacological interventions.
  • Some of the innovations include new types of wound dressings and the creation of outpatient wound centers.
  • Several vendors are also conducting R&D on technologically advanced products like smart NPWT devices, wound sensors, and devices to naturally heal burns.
  • The new products and treatment devices will drive the advanced wound care market growth in the forecast period.
  • The increasing demand for combination dressings is one of the major advanced wound care market trends.
  • Antimicrobial agents like silver, iodine, and honey are becoming popular in the advanced wound care market.
  • Several advanced wound dressings are incorporating antimicrobial agents to improve the outcomes of wound treatments.
  • The advanced wound care market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 6% during the forecast period.

This advanced wound care market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Advanced Wound Care Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 4L Health Co. Ltd.
  • Coloplast AS
  • ConvaTec Group Plc
  • Essity Aktiebolag (publ)
  • Hollister Inc.
  • Johnson & Johnson
  • Lohmann & Rauscher GmbH & Co. KG
  • Molnlycke Health Care AB
  • Organogenesis Inc.
  • Smith & Nephew plc

 

The advanced wound care market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the advanced wound care market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Advanced Wound Care Market?

Advanced-Wound-Care-Market-Market-Share-by-Region-2020-2025

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41% of the market’s growth will originate from North America during the forecast period. The US is the key market for advanced wound care in North America. Market growth in this region will be slower than the growth of the market in Europe and Asia.

The growing prevalence of acute and chronic wounds, the increasing number of surgical procedures, and the increased adoption of technologically advanced NPWT devices will facilitate the advanced wound care market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Advanced Wound Care Market?

Advanced-Wound-Care-Market-Market-Share-by-Product-2020-2025

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Advanced wound dressings are designed to treat complex wounds. The moist wound dressings segment contributed a major share of revenue to the global advanced wound dressings market followed by the antimicrobial wound dressings segment. The global advanced wound dressings market is expected to grow rapidly during the forecast period. The growth is attributed to due to the increasing prevalence of chronic wounds and burns, the growing aging population, increasing awareness about the clinical benefits of advanced wound dressings, the rising number of surgical procedures, the increasing adoption of advanced wound dressings in hospitals and wound care clinics and new product launches.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced wound care market size.

 

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What are the Key Factors Covered in this Advanced Wound Care Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive advanced wound care market growth during the next five years
  • Precise estimation of the advanced wound care market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the advanced wound care industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of advanced wound care market vendors

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Advanced Wound Care Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 3.15 billion

Market structure

Fragmented

YoY growth (%)

5.38

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 41%

Key consumer countries

US, Germany, France, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

4L Health Co. Ltd., Coloplast AS, ConvaTec Group Plc, Essity Aktiebolag (publ), Hollister Inc., Johnson & Johnson, Lohmann & Rauscher GmbH & Co. KG, Molnlycke Health Care AB, Organogenesis Inc., and Smith & Nephew plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Advanced wound dressings - Market size and forecast 2020-2025
    • Wound therapy devices - Market size and forecast 2020-2025
    • Wound care biologics - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Hospitals and clinics
    • ASCs

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3M Co.
      • Coloplast AS
      • ConvaTec Group Plc
      • Essity Aktiebolag (publ)
      • Integra LifeSciences Holdings Corp.
      • Johnson & Johnson
      • Medtronic Plc
      • Molnlycke Health Care AB
      • Paul Hartmann AG
      • Smith & Nephew plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The advanced wound care market growth will increase by $3159.99 million during 2020-2025.
      The advanced wound care market is expected to grow at a CAGR of 5.80% during 2020-2025.
      Technavio has segmented the advanced wound care market by product (Advanced wound dressings, Wound therapy devices, and Wound care biologics) and geographic (North America, Europe, Asia, and ROW).
      4L Health Co. Ltd., Coloplast AS, ConvaTec Group Plc, Essity Aktiebolag (publ), Hollister Inc., Johnson & Johnson, Lohmann & Rauscher GmbH & Co. KG, Molnlycke Health Care AB, Organogenesis Inc., Smith & Nephew plc are a few of the key vendors in the advanced wound care market.
      North America will register the highest growth rate of 41.17% among the other regions. Therefore, the advanced wound care market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the advanced wound care market growth are:
      • Technological advances
      The advanced wound care market vendors should focus on grabbing business opportunities from the advanced wound dressings segment as it accounted for the largest market share in the base year.
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