Global Advanced Wound Care Market valued at ~$8.5 billion in 2022, is projected to grow at a CAGR of ~4% by 2027
Advanced Wound Care Market

Global Advanced Wound Care Market valued at ~$8.5 billion in 2022, is projected to grow at a CAGR of ~4% by 2027

Advanced wound care provides a specialized medical treatment for chronic or non-healing wounds, which are defined as sores or wounds which have not healed completely during the course of the conventional treatment.

Move towards Advanced Wound Care Products Over the Traditional Wound Care Products

Traditional wound care products are used most often as primary or secondary dressings to protect the wound from contamination. Traditional wound care products involve gauze, lint and cotton dressings.

Advanced wound care products and medical devices facilitate oxygen flow to the wounds while also providing a moist environment to help prevent necrosis. Some of the best-advanced wound care products?are hydrogels, films, foams, hydrocolloids, alginates, sponges and fabrics. The major benefits of using advanced wound care products are shortened healing time, optimized drainage, and reduced risk of infection.

Technologically Innovations and Developments in Chronic Wound Management

It is forecasted that there are around 1.5 to 2 million people living with a chronic or complex wound, some of them for a longer than six months time period. Major developments in negative pressure wound therapy (NPWT), surgical incision management, infection prevention, advanced wound care, near-infrared spectroscopy technology and skin integrity are further poised to trigger the growth of the global advanced wound care market.

For instance,

  • In August 2022, 3M announced the advancement in its delivery of 3M Veraflo Therapy. A new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M? V.A.C.??Ulta Therapy Unit.

Recent Developments in the Advanced Wound Care Therapies Triggers the Growth of the Advanced Wound Care Market

Non-healing wounds need an advanced medical treatments to enable wounds to progress through the various stages of the healing process. Advanced wound care therapies are applied after standard wound care techniques has failed. Some of the commonly used advanced therapies are as follows:

  • Cellular and Tissue-Based Therapies
  • Topical Oxygen Therapy
  • Bioactive dressings
  • Negative Pressure Wound Therapy
  • Hyperbaric Oxygen Therapy

North America is Poised to Hold a Major Share in the Advanced Wound Care Market

From a geographical perspective, North America holds a larger market share of the advanced wound care market. This can be mainly attributed to the rising cases of chronic diseases, technological developments in the wound care products, growing cases of burn injuries and the growth in the number of diabetic patients in this region.

Competitive Landscape Analysis: Advanced Wound Care Market

Some of the established players operating in the global advanced wound care market are 3M 公司 , Smith+Nephew , Convatec , B. Braun China , Medela , Coloplast , Organogenesis , MiMedx , among others.

Growth Strategies Adopted by Key Market Players to Establish Their Strong Foothold in the Advanced Wound Care Market

All major players operating in the global advanced wound care market are adopting an effective growth strategies such as collaborations, acquisitions, innovations and new product launches to garner a larger market share.

For instance,

  • In March 2022, Convatec Group Plc announced that they have completed the acquisition of Triad Life Sciences Inc (‘Triad’).

The global advanced wound care market is a promising market and is anticipated to gain a consistent momentum in the upcoming years due to a major focus on building advanced therapy-based solutions for chronic and acute wounds, the introduction of technologically advanced wound care products and efficient organic and inorganic growth strategies followed by the leading market players.

However, high costs of treating chronic and active wounds and the non-availability of best practice guidelines for using remote advanced wound care poses few challenges for the growth of the advanced wound care market.

Get Detailed Insights on Advanced Wound Care Market Report with TOC @ https://meditechinsights.com/advanced-wound-care-market/

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