Dublin, Sept. 17, 2019 (GLOBE NEWSWIRE) -- The "Global Advanced Wound Care Market: Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices, Ultrasonic Devices, and Electromagnetic Devices - Analysis and Forecast, 2018-2024" report has been added to ResearchAndMarkets.com's offering.

The global advanced wound care market, by-products, was valued to be $8,904.6 million in 2018 and is estimated to reach a market value of $11,059.3 million by 2024 at a CAGR of 3.62% from 2019 to 2024.

The market is subject to intense competition and the rising demand by the governments to reduce spending on healthcare is dragging the market growth. However, future growth is expected to be driven by favorable demographic factors such as the growing aging population and rising incidences of chronic wounds.

Expert Quote

Emerging technologies such as crab shell bandages (involving usage of abundant proteins, chitin, complex hydrogels), bacteriophages, platelets, and stem cell therapy are expected to drive advanced wound care market in future.

However, availability of these technologies in the market is a challenge for key players in the market as these products still need to showcase incremental improvement from current advanced wound care technologies and in order to convince regulators across countries to reimburse these costly treatments such as stem cell therapy.

It will take another 5-10 year for these emerging technologies to significantly capture market share from current technologies.

Scope of the Market

The purpose of this study is to gain a holistic view of the global advanced wound care market in terms of various influencing factors, such as regional adoption trends, and key developments, among others. The scope of this report constitutes an in-depth study of the market, including a thorough analysis of the products across different regions. The report includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market. The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering into the market.

Market Segmentation

The report on global advanced wound care market tracks trends, industry participants, and quantifies technologies that facilitate wound healing in conditions where standard wound care therapies fail. These technologies are classified under advanced wound dressings, negative pressure wound therapy, wound biologics and an array of emerging technologies such as oxygen therapy, electric simulation, spray mist, and shockwave therapy.

Diving further deep, this report also discusses and quantifies the various underlying conditions for wounds, wound care global burden, and application of advanced wound care in the management of chronic and acute wounds.

The above analysis is conducted at a regional and country level and markets have been sized and forecasted by considering the impact of various trends. Major industry participants and their products have been thoroughly analyzed and forecasts of their performance, market share, and growth rates have been provided. The report considers 2018 as the base year and forecasts the market for the period of 2019-2024.

Key Companies in the Market

Acelity (3M), Smith and Nephew, Molnlycke, ConvaTec, Coloplast, Hartmann, Integra, BSN Medical, MiMedX, Medline and Organogenesis are some of the leading players in this market.

Research Highlights

Key Topics Covered

Executive Summary

1 Product Definition

2 Scope of the Report

3 Research Methodology3.1 Research Methodology3.2 Data Sources3.2.1 Secondary Research Data Sources3.2.2 Primary Data Sources

4 Industry Analysis4.1 Industry Evolution4.2 Wound Management Cost and Supply Chain Analysis4.3 Legal and Regulatory Framework

5 Competitive Landscape5.1 Vendor Share Analysis5.2 Key Strategies and Developments5.2.1 Product Launch and Updates5.2.2 Mergers and Acquisitions5.3 Product Mapping5.4 Competitive Benchmark Mapping

6 Global Advanced Wound Care Market (by Product)6.1 Overview6.2 Advanced Wound Dressing6.2.1 Film Dressing6.2.2 Foam Dressing6.2.3 Hydrofiber Dressing6.2.4 Hydrocolloids Dressing6.2.5 Hydrogel Dressing6.2.6 Collagen Dressing6.2.7 Alginate Dressing6.2.8 Antimicrobial Dressing6.3 Negative Pressure Wound Therapies (NPWT Devices)6.3.1 Conventional Negative Pressure Wound Therapy6.3.1.1 Canisters6.3.1.2 Pumps6.3.1.3 Dressing Kits6.3.2 Single-Use Negative Pressure Wound Therapy6.4 Biologics6.4.1 Skin/Dermal Substitutes6.4.1.1 Allograft6.4.1.2 Xenograft6.4.1.3 Placenta/Amniotic Tissue6.4.1.4 Bioengineered skin/synthetic Substitutes6.4.2 Growth Factors6.4.3 Topical Agents6.5 Other Advanced Wound Care Products6.5.1 Hyperbaric Oxygen Therapy6.5.2 Ultrasonic Mist and Electrical Simulation Devices

7 Global Advanced Wound Care Therapy Market (by Wound type)7.1 Overview7.2 Chronic Wounds7.2.1 Pressure Ulcer (PU)7.2.2 Venous Leg Ulcer (VLU)7.2.3 Diabetic Foot Ulcer (DFU)7.3 Acute Wounds

8 Global Advanced Wound Care Market (by Region)8.1 North America8.1.1 U.S.8.1.2 Canada8.2 Europe8.2.1 U.K.8.2.2 Germany8.3 Asia-Pacific8.3.1 Japan8.3.2 China8.4 Rest-of-the-World (RoW)8.4.1 Brazil

9 Company Profiles9.1 3M9.1.1 Company Overview9.1.2 Role of 3M in the Market9.1.3 Financials9.1.4 SWOT Analysis9.2 Acelity9.3 B. Braun9.4 Coloplast A/S9.5 ConvaTec Group PLC9.6 Essity Aktiebolag9.7 Integra LifeSciences Corporation9.8 Medline Industries, Inc.9.9 Mlnlycke Health Care AB9.10 MIMEDX GROUP, Inc.9.11 Organogenesis Inc.9.12 Osiris Therapeutics Inc.9.13 PAUL HARTMANN AG9.14 Smith & Nephew PLC

For more information about this report visit https://www.researchandmarkets.com/r/1u8dm2

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

View post:
Global Advanced Wound Care Markets to 2024: Emerging Technologies such as Crab Shell Bandages, Bacteriophages, Platelets, and Stem Cell Therapies are...