Global Wound Care Market Outlook to 2024: New Product Approvals/Launches, Emergence of Stem Cell Therapy For Wound Healing – P&T Community

DUBLIN, Oct. 22, 2019 /PRNewswire/ -- The "Wound Care Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global wound care market is growing at a CAGR of over 5% during the forecast period 2018-2024.

The adoption of wound care biologics is augmenting the growth of the global wound care market. The commercial availability of a wide array of wound biologics is likely to encourage many end-users to use them in treating wounds as they are clinically proven, safe, and effective than other products.

The growing incidence of infections caused in lesions is another factor accelerating the growth of anti-microbial dressings market segment. Anti-microbial agents such as chlorhexidine, maggots, silver, iodine, and honey are increasingly becoming important in the global wound care market. Therefore, the incorporation of anti-microbial agents in wound dressing products is improving clinical outcomes for the treatment of wounds, thereby driving the global wound care market.

This research report includes detailed market segmentation by products, wound type, end-users, and geography. The increase in the geriatric population is a major contributing factor for the growth of the advanced wound care segment as the prevalence of diabetes and other diseases is more common in the elderly age group than youth.

The advanced segment is also growing as the majority of market players are offering innovative products to meet the demand for wound care worldwide. The rising incidence of diabetes and associated diabetic foot ulcers in the elderly population globally is fueling steady growth for traditional products.

The market is also growing steadily as products such as gauze bandages and adhesive bandages witness sustainable demand for small cuts, bruises as well as for chronic wounds and burns, especially in developing countries. Developing regions such as Africa, Asia, and Latin America are the largest contributors to the traditional products.

The acute wound market is growing mainly due to the rise in surgical site infections (SSI) and the increase in the number of burn cases worldwide. Chronic wounds do not heal through the normal healing process. The segment is growing due to the growing burden of diabetic foot ulcers, venous leg ulcers, pressure ulcers, and some surgical site infections that do not heal naturally or with medicines.

The shift from traditional lower technology wound care treatments to the adoption of advanced treatments is a major factor for the high share of the hospitals and specialty wound clinic segment. Long-term care facilities segment is growing at a steady pace because of the growing incidence of chronic wounds due to the increase in chronic diseases such as diabetes. The growing elderly population is contributing to the growth of the segment as they are more prone to chronic diseases.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage4.1 Market Definition4.2 Base Year4.3 Scope of the study4.4 Market Segments

5 Report Assumptions & Caveats5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation

6 Market at a Glance

7 Introduction7.1 Wound Care: An Overview7.1.1 Background7.1.2 Wound Care for Acute & Chronic Wounds7.1.3 Wound Care: Market Snapshot

8 Market Dynamics8.1 Market Growth Enablers8.1.1 Increasing Prevalence of Acute & Chronic Wounds8.1.2 New Product Approvals/Launches8.1.3 Increasing Number of Surgical Procedures8.2 Market Growth Restraints8.2.1 High Cost of Advanced Wound Care Products & Devices8.2.2 Limitations & Complications with Wound Care Products & Devices8.2.3 Intense Competition & Pricing Pressure8.2.4 Shortage of Resources for Wound Care Treatments8.3 Market Opportunities & Trends8.3.1 Focus on Development & Commercialization of Wound Biologics8.3.2 High Demand for Anti-microbial Wound Dressing Products8.3.3 Growing Popularity of Natural Surgical Sealants8.3.4 Emergence of Stem Cell Therapy For Wound Healing

9 Global Wound Care Market9.1 Market Overview9.2 Market Size & Forecast9.3 Five Forces Analysis

10 By Product Type10.1 Market Snapshot & Growth Engine10.2 Market Overview

11 Advanced Wound Care Products11.1 Market Snapshot & Growth Engine11.2 Market Overview11.3 Advanced Wound Care Segmentation by Product Type11.4 Advanced Wound Dressings11.5 Wound Therapy Devices11.6 Wound Care Biologics

12 Traditional Wound Care Products12.1 Market Overview12.2 Market Size & Forecast

13 Sutures & Stapling Devices13.1 Market Snapshot & Growth Engine13.2 Market Overview13.3 Market Size & Forecast13.4 Segmentation by Product Type13.5 Sutures13.6 Stapling Devices

14 Hemostats & Surgical Sealants14.1 Market Snapshot & Growth Engine14.2 Market Overview14.3 Market Size & Forecast14.4 Segmentation by Product Type14.5 Hemostats14.6 Surgical Sealants

15 By Wound Type15.1 Market Snapshot & Growth Engine15.2 Market Overview15.3 Acute Wounds15.4 Chronic Wounds

16 By End Users16.1 Market Snapshot & Growth Engine16.2 Market Overview16.3 Hospitals & Specialty Wound Care Clinics16.4 Long-term Care Facilities16.5 Home Healthcare16.6 Others

17 By Geography17.1 Market Snapshot & Growth Engine17.2 Market Overview

Key Company Profiles

Other Prominent Vendors

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Global Wound Care Market Outlook to 2024: New Product Approvals/Launches, Emergence of Stem Cell Therapy For Wound Healing - P&T Community