Global Wound
Care Market, By Product Type (Advanced Wound Management Products (Wound
Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings,
Anti-infective Dressings, Alginate Dressings, and Collagen Dressings), Wound
Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy
Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), and
Active Wound Care), Surgical Wound Care Product (Sutures and Staples and Tissue
Adhesives, Sealants and Glues), and
Traditional Wound Care Products (Medical Tapes, Dressings, and Cleansing
Agents), By Wound Type (Chronic Wounds (Pressure Ulcers, Diabetic Foot Ulcers,
Venous Ulcers and, Other Chronic Wounds) and Acute Wound (Surgical and
Traumatic Wounds and Burns), By End User (Hospitals, Clinics, Ambulatory
Surgical Centers diagnostic centers, Home Care Settings, and Others), and By
Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
was valued at US$ 17,790 in 2018, and is projected to exhibit a CAGR of 4.6%
over the forecast period (2019 - 2026), as highlighted in a new report
published by.
Research and development
institutes are focused on development of innovative wound care products to
receive large funding from healthcare companies, which is expected to drive
growth the global wound care market over the forecast period. For instance, in
November 2018, The Wound Healing Foundation, with the support from Corius
Tissue Regeneration a trademark of Medline Industries Inc., announced a new
three-year grant series: WHF-Medline Research Grant Innovation Award. The first
of three consecutive US$ 30,000 grant awards for the best scientific and
innovative proposal was awarded in May 2019 to scientist involved in wound
healing product innovation research. The purpose of the award is to stimulate
innovative wound healing product development. This is a one year, US$ 30,000
grant, which will be awarded to an investigator doing research in wound healing
in the U.S. Application proposals should be innovative and have the ability to
be commercialized in the future. Furthermore, The Wound Healing Foundation is
consistently putting efforts to receive more funding from donators and sponsors
for development of wound care products.
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The Wound Healing Foundation, in
2015, volunteered for over 4 months for bringing awareness and funding to the
wound healing community. Increasing approvals for wound care product from
regulatory authorities is expected to drive the global wound care market growth
during the forecast period. For instance, in 2018, AQUACEL Ag Advantage
dressing received the U.S. Food and Drug Administration (FDA) 510(k) clearance
for wound care management.
Browse 35 Market Data Tables and
57 Figures spread through 247 Pages and in-depth TOC on "Wound Care Market
By Product Type (Advanced Wound Management Products(Wound Dressings (Foam
Dressings, Hydrocolloid Dressings, Film Dressings, Anti-Infective Dressings,
Alginate Dressings, and Collagen Dressings), Wound Therapy Devices(Pressure
Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen
Equipment, and Electrical Stimulation Devices), and Active Wound Care),
Surgical Wound Care Product (Sutures and Staples and Tissue Adhesives,
Sealants, and Glues), and Traditional Wound Care Products (Medical Tapes,
Dressings, and Cleansing Agents), By Wound Type (Chronic Wounds (Pressure
Ulcers, Diabetic Foot Ulcers, Venous Ulcers and Other Chronic Wounds), and
Acute Wound (Surgical and Traumatic Wounds and Burns), By End User (Hospitals,
Clinics, Ambulatory Surgical Centers diagnostic centers, Home Care Settings,
and Others), and By Region (North America, Latin America, Europe, Asia Pacific,
Middle East, and Africa)- Global Forecast to 2026" To know the latest
trends and insights related Global Wound Care Market.
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Report: https://www.coherentmarketinsights.com/market-insight/wound-care-market-546
Governments of different
countries are focusing on initiatives and strategies to improve access to wound
care products for patients. For example, Department of Health & Human
Services, State Government of Victoria, Australia, is implementing
Strengthening Wound Management Practice Strategy, which aims to help older people
and staff caring for older people to improve wound management practice.
Similarly, Connected Wound Care Project is a successful collaboration between
the regional wounds Victoria clinical nurse consultants and the Royal District
Nursing Service. The project focuses on development of educational and
information resources to assist nurses and people they care for in preventing
and managing wounds.
Key Takeaways of the Global Wound
Care Market:
The global wound care market is
expected to expand at a CAGR of 4.6% during the forecast period (2018–2026),
owing to increasing funding and regulatory approval for wound care products
Among product type, the advanced
wound management products segment is expected to hold major revenue share in
2026, owing to high presence key players in advanced wound care management
products segment such Johnson & Johnson, 3M Company, Baxter International,
Acelity, Coloplast, Integra Lifesciences, Kinetic Concepts, Medtronic plc., and
Smith & Nephew plc.
Major players operating in the
global wound care market include Acelity L.P., Inc., 3M Company, Baxter
International, Inc., Coloplast A/S, Integra Lifesciences, Johnson &
Johnson, Inc., Smith & Nephew Plc., Cardinal Health, ConvaTec Group PLC,
and Organogenesis Inc.
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