Advanced Wound Care Market 2023 Global Analysis by Product, Type, Region, Class, End User, Distribution Channel, Competitive Landscape, and Key Drivers

The Advanced Wound Care market size was estimated at USD 11.20 billion in 2023 and is projected to reach USD 20.41 billion in 2030 at a CAGR of 7.79% during the forecast period 2023-2030. The advanced wound care market is expected to grow in the forecast years. The growth is being driven by factors such as increasing prevalence of chronic diseases that affect wound healing such as diabetes, obesity as well as increasing number of hospital visits for wound treatment. Moreover, increasing research and development in the area and favourable government policies are expected to drive the market during the forecast period.

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Advanced Wound Care refers to a specialized approach in the management and treatment of complex or chronic wounds that do not heal through traditional methods. It involves using advanced techniques, therapies, and medical products, to promote optimal wound healing and prevent complications. This type of wound care is typically used for wounds that are difficult to heal such as diabetic ulcers, pressure ulcers, venous ulcers, and surgical wounds.

Advanced wound care is often provided by healthcare professional specializing in wound management, such as wound care nurses, dermatologists, plastic surgeons, and specialists in wound care clinics. The goal of advanced wound care is to promote faster healing, reduce the risk of infection, and minimize scarring, and improve the overall quality of life for individuals with chronic or difficult to heal wounds.

The prominent players in the Advanced Wound Care Market are

3M Company
B. Braun Melsungen AG
Baxter
Cardinal Health, Inc
Coloplast A/S
ConvaTec Group Plc
DeRoyal Industries, Inc.
Hollister Incorporated
Integra Lifesciences
Johnson & Johnson Private Limited
Lohmann & Rauscher GmbH & Co. KG
Medline Industries, Inc.
Medtronic
MiMedx Group, Inc.
Misonix, Inc.
Molnlycke Health Care
Organogenesis Holdings Inc.
Paul Hartmann AG
Smith & Nephew
Zimmer Biomet

Advanced Wound Care Market Recent Developments:

In August 2023, RedDress and OneMed formed a strategic partnership for the commercialization and distribution of the ActiGraft Wound Care System, a personalized and autologous wound care solution created from patients own whole blood, in the Nordics.

In July 2023, Coloplast announced the agreement to acquire Keracis, an Icelandic wound care company. This acquisition would allow Coloplast to acquire its wound care offerings.

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Scope of the Report:

The Advanced Wound Care Market is segmented into various segments such as product, wound type, wound class, end user, distribution channel, and region:

Based on product, the advanced wound care market is segmented into:

Wound Dressings

Film Dressings
Foams Dressings
Hydrogel Dressings
Collagen Dressings

Active Wound Care

Skin Substitutes
Growth Factors

Therapy Devices

Negative Pressure Wound Therapy
Pressure Relief Devices
Hyperbaric Oxygen Equipment
Compression Therapy

Based on wound type, the advanced wound care market is segmented into:

Chronic Wound

Diabetic Foot Ulcer
Pressure Ulcer
Arterial and Venous Ulcer

Acute Wound

Surgical Wounds
Burns

Based on wound class, the advanced wound care market is segmented into:

Class I
Class II
Class III
Class IV

Based on end user, the advanced wound care market is segmented into:

Hospitals
Wound Care Centres
Ambulatory Centres
Home Healthcare
Clinics

Based on distribution channel, the advanced wound care market is segmented into:

Direct Tenders
Retail

Based on region, the advanced wound care market is segmented into:

Asia Pacific

Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe

South America

Brazil
Argentina
Chile
Colombia
Rest of South America

Middle East & Africa

South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa

North America to Dominate the Market

North America is estimated to account for the largest market share during the forecast period. This growth can be attributed to the growing adoption of advanced technology and launch of new products in this region.

Moreover, the rising geriatric population and the increasing number of cases with chronic wounds is expected to drive the growth of the market during the forecast period.

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