Wound Care Management Devices Market Overview
Health professionals use advanced products for wound care. It is a therapeutic approach to stimulate the effective process of healing. The advanced treatment of wounds involves a moisture therapy, which provides a moist microenvironment that stimulates the natural healing process. Products used in moist wound care include film and foam dressings, hydrogels, alginates and hydrocolloids. This therapy, in addition to maintaining a hydrated environment, also maintains a constant temperature, allows oxygen flow, eliminates dead tissue, protects the site from exogenous infections and relieves pain associated with dressing changes.
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Traditional wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are difficult to heal, which take considerable time to heal and are costly to treat. Advanced wound care management closure products are raising as a standard solution for treating chronic wounds. Attempts to decrease the duration of hospital stays in order to limit surgical healthcare expenses and the increasing proclivity towards products that improve therapeutic outcomes are driving the demand for advanced wound care & closure products. The risks coupled with ineffective wound healing promote the demand for combination dressings, which is a modern trend in the market that is replacing traditional wound dressing methods.
Wound Care Management Devices Market Forecast Report (2018-2023)
According to the report Wound Care Management Devices Market, published by Market Data Forecast, the Global was worth USD 20.13 billion in 2018 and estimated to be growing at a CAGR of 3.8%, to reach USD 24.26 billion by 2023.
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Wound Care Management Devices Market Segmentation
The global Wound Care Management Devices market is segmented on the basis of product into Advanced Wound Management Products, Surgical Wound Care and Traditional Wound Care. Advanced Wound Management Products are segmented into advanced wound dressings, Therapy devices and Active wound care. Advanced wound dressings segment is further segmented into foam dressings, hydrocolloid dressings, alginate dressings, hydrogel dressings and collagen dressings. Therapy devices is sub segmented into negative pressure wound therapy, pressure relief devices, oxygen and hyperbaric oxygen devices and electrical stimulation devices. Active wound care segment is divided among artificial & skin substitutes and topical agents. On the basis of type of wound, the market is bifurcated among chronic wounds, acute wounds, surgical & traumatic wounds and burns. Based on end users market is divided among hospitals, clinics and home care settings.
Based on geography the market is analyzed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America presently dominates the market for wound care management devices and is estimated to sustain its strong hold for a few more years. Asia Pacific region is anticipated to increase its market share in the future due to the increase in technological advancements.
Major Players:
The major companies dominating this market for its products and services are
- Coloplast A/S (Denmark.),
- Baxter International Inc. (U.S.),
- Hollister Inc. (U.S.),
- Moonlike Health Care (Sweden),
- 3M Company (U.S.),
- Covidien PLC (Ireland),
- Ethicon Inc. (U.S.),
- Derma Sciences Inc. (U.S.),
- Convatec Healthcare B.S.A.R.L (U.S.),
- Acelity L.P/ (U.S.),
- Smith & Nephew (U.K.).
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