Global Advanced Wound Care Market Report 2022: The Market is

Dublin, May 05, 2022 (GLOBE NEWSWIRE) — The “Analysis Report of the Advanced Wound Care Market Size, Share, and Trends by Product (Wet, Antimicrobial), By Application (Chronic Wound, Acute Wound), By End-Use (Hospitals, Specialty Clinics, Nursing Home Healthcare), by Region and Segment Forecast, 2022-2030″ report has been added to from ResearchAndMarkets.com offer.

The global advanced wound care market size is expected to reach USD 10.8 billion by 2030. The market is expected to grow at a CAGR of 5.4% from 2022 to 2030.

Rising aging population and increasing number of diabetic patients are some of the major drivers for the growth of this market. For example, according to the Administration for Community Living’s Profile of Older Americans, the US population ages 65 and older was estimated at 54.1 million in 2019, or about 19% of the US population.

This population grew by approximately 36% from 2009 to 2019 and is expected to reach 80.8 million by 2040 and 94.7 million by 2060. As the elderly population is more prone to injury, an increasing number of older populations is expected to propel the growth of the market. during the forecast period.

Additionally, there has been an increase in the number of surgeries and traumatic incidents worldwide. For example, according to a study by ResearchGate, in 2020 approximately 6.6% of mortality is due to trauma each year. Similarly, there has been an increase in the number of surgical site infections. Advanced wound care products help contain and reduce these surgical site infections, so an increase in the number of surgical site infections is expected to drive the market over the forecast period.

Furthermore, the introduction of the COVID-19 vaccine and the lifting of lockdown impositions are expected to have a positive impact on the market in the coming years. Many elective surgeries that have been postponed are expected to take place.

In addition to this, many leading manufacturers are introducing new products that can help them capitalize on the growing demand for advanced wound care products over the forecast period.

Highlights of the Advanced Wound Care Market Report

  • Based on product, the wet wound care segment led the market and accounted for a revenue share of 59.2% in 2021, owing to an increase in the number of patients with chronic wounds.
  • Based on applications, the chronic wound segment is expected to witness the fastest growth during the forecast period, owing to an increase in the number of diabetic foot ulcers globally
  • On the basis of end-use, the hospital segment led the market, owing to the increasing number of surgical procedures among inpatients. On the other hand, the home healthcare segment is expected to witness the fastest CAGR of 6.11% during the forecast period.
  • North America dominated the market and accounted for the highest revenue share of 45.2% in 2021 due to increasing number of surgeries and technological advancements.

Market dynamics

Market Driver Analysis

  • Increased prevalence of chronic disorders and conditions affecting wound healing abilities
  • Introducing Innovative and Advanced Wound Products
  • Increase in the geriatric population
  • Increase in the number of road accidents, injuries and burns
  • Increase in the number of surgeries

Analysis of market constraints

  • Rate of delayed diagnosis and delayed treatment in emerging countries

Advanced wound care: market analysis tools

  • Industry Analysis – Porter’s
  • SWOT analysis, by pest

Impact of COVID-19 on the market

Competitive analysis

  • Blacksmith and nephew
  • Molnlycke Health Care AB
  • Convatec Group plc
  • Baxter International
  • Urgo Medical
  • Coloplast Corp.
  • Medtronic
  • 3M
  • Derma Sciences (Integra Lifesciences)
  • Medline Industries

For more information on this report, visit https://www.researchandmarkets.com/r/s5tguf


        

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