As per Market Industry Reports (MIR) research findings, automated, standardized, scalable, integrated advanced wound care solutions set to open new avenues for stakeholders.

Growth opportunities in the global advanced wound care market looks promising for the coming eight to ten years. Increasing patient awareness and health care expenditure, technological advancements in the wound therapy arena, rising prevalence of chronic wounds, rising need for treatment of complex wounds are some of the pivotal factors driving the global advanced wound care market.

The global advanced wound care market is a structured market and is largely governed by prominent players such as Smith and Nephew, B.Braun, ConvaTec Group, Integra Lifesciences, 3M, Cardinal Health, Medtronic, MPM Medical Paul Hartmann, MiMedx Group, among others.

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Technological advancements have also played a key role in shaping the growth of the advanced wound care market. For instance, in May 2019, Smith and Nephew introduced the new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT), an enhanced pump used in large wounds with less user intervention, and in deep wounds, such as 7 centimeters deep.

MARKET ECOSYSTEM/CLASSIFICATION

By Product Type

  • Wound Dressing
  • Wound Therapy Devices
  • Active Wound Care

By Wound Type

  • Ulcers
  • Surgical Wounds
  • Traumatic Wounds
  • Burns
  • Other Wounds

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By End User

  • Home Care Setting
  • Hospitals and Clinics
  • Other End User

From a regional perspective, Asia-Pacific is expected to witness highest CAGR in the coming years due to growing need of advance wound care products and highly developed healthcare system. North America commands the largest share of the advanced wound care market. The large share of this market segment can be attributed to the increasing need of wound products coupled with technological advancements in the field of advance wound care products.

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Advanced Wound Care Market 2019: Increasing Demand with Leading Key Players to 2030: MiMedx Group, Paul HARTMANN, Smith & Nephew, B. Braun, 3M