The global Wound Care Medicine Market size was USD 17.49 Billion in 2021 and is expected to register a revenue CAGR of 6.2% over the forecast period, according to the latest report by Reports and Data.
It is anticipated that rising RD spending and the introduction of cutting-edge products by industry giants like B. Braun Melsungen AG and ConvaTec Group PLC will drive demand for these goods, particularly in developed nations. For instance, ConvaTec Group PLC launched ConvaMax on the international market in January 2020. Leg ulcers, pressure sores, and diabetic foot ulcers are among the highly exuding wounds that the new ConvaMax super absorber wound dressing was designed to treat. Thus, it is anticipated that the launch of such innovative items for quick healing will increase their uptake among patients and healthcare professionals. This is anticipated to benefit the expansion of the global Wound Care Medicine market in the near future.
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Some Key Highlights from the Report
- Due to increased usage of foam dressings, antimicrobial dressings, and alginate dressings as well as rising demand for these products, the advanced wound dressings market commanded a significant share in 2021. Due to the growing use of tissue-engineered products generated from synthetic or natural sources to treat difficult-to-heal wounds, the bioactive category is anticipated to see the highest CAGR. Due to market participants introducing technologically cutting-edge NPWT devices, negative pressure wound therapy (NPWT) is anticipated to develop at a significant CAGR.
- In 2021, the North American market had a value of 6.69 billion USD. Some of the main causes of North America's dominance in the field of healthcare are the region's big patient population with chronic and acute wounds, significant direct presence of major players there, and higher per capita healthcare spending. For instance, it was stated that roughly USD 547.0 million is spent yearly in Canada for the treatment of diabetic foot ulcers based on data given by 3M. Due to the developed infrastructure in the U.K. and Germany and the rise in the adoption of new products in these nations, the market in Europe is anticipated to have a considerable CAGR.
- In Germany, Essity Aktiebolag introduced Cutimed Wound Navigator in October 2021 as a computerised tool for diagnosing and recording wounds. This aids healthcare practitioners in streamlining workflow, enhancing consistency of care, and simplifying wound reporting. This enabled the business to diversify its product line.
Key Players covered in this report are
3M Company, Smith Nephew PLC, Cardinal Health, Medtronic PLC, B. Braun Melsungen AG, Baxter International, Inc., Mölnlycke Health Care AB, Convatec Group, Paul Hartmann AG, Coloplast A/S, Organogenesis Holdings Inc., MiMedx Group, Inc., Integra Life Sciences Holdings Corporation, Bioventus, Zimmer Biomet Holdings, Inc., Ethicon, Inc. , DeRoyal Industries, Kerecis, Acell, Lohmann Rauscher GmbH Co. KG, Medela Ag, Talley Group, Welcare Industries SPA, Wuhan VSD Medical Science Technology Co. Ltd., Pensar Medical, Haromed BVBA, DermaRite Industries LLC, Medline Industries, Inc., Advancis Medical LLC, Mil Laboratories Pvt. Ltd.
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Advanced Wound Care Medicine Products
- Surgical Wound Care Medicine Products
- Traditional Wound Care Medicine Products
Wound Type Outlook (Revenue, USD Billion; 2019-2030)
- surgical traumatic wounds
- Diabetic foot ulcers
- Pressure ulcers
- Venous leg ulcers
- Burns other wounds
End User Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals and Clinics
- Long-term patient care
- Home care settings
- Other end users
Key Regions Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Major Points covered in this report are as below:
• The Wound Care Medicine industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Wound Care Medicine Market report provides key statistics on the market status of the Wound Care Medicine manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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