Advanced Wound Care Market in Asia-Pacific is Expected to Grow at 7.4% CAGR During 2016 - 2022: P&S Market Research

NEW YORK, August 22, 2016 /PRNewswire/ --

According to market research "Global Advanced Wound Care Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Advanced Wound Dressing, Wound Therapy Device and Active Wound Care Product), by Application (Surgical and Chronic Wounds, Ulcers, and Burns) and by End-User (Inpatient Facilities and Outpatient Facilities)" published by P&S Market Research, the global advanced wound care market was valued at $10,659.6 million in 2015, and it is expected to grow at a CAGR of 7.0% during the period 2016-2022.

The advanced wound care market is growing due to increasing geriatric population and increasing awareness about these products combined with its increasing adoption. Increasing incidences cases of obesity and diabetes are also leading to increased demand for advanced wound care products. Among the different types of advanced wound care, the advanced wound dressing segment is expected to witness the fastest growth during the forecast period.

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Advanced wound care products have better therapeutic efficacy as compared to the traditional wound care products, such as gauge, bandage, sponge and others. The utilization of advanced wound care products promote the wound healing process and reduces the recovery time. As a result, demand for advanced wound dressing, wound therapy devices and active wound care products is expected to increase. These are used in both inpatient facilities and outpatient facilities to provide better treatment to patients suffering from burns, ulcers, surgical wounds and chronic wounds. Advanced wound dressing include foam dressing, hydrocolloid dressing, alginate dressing, film dressing, hydrogel dressing, collagen dressing and others. Wound therapy devices include negative pressure wound therapy (NPWT) devices, oxygen and hyperbaric oxygen equipment, electrical stimulation devices, and others to promote wound healing. Active wound care products include artificial skin and skin substitutes and topical agents.

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Some of the key companies operating in the global advanced wound care market include 3M Company, Coloplast Corporation, ConvaTec Inc., Medtronic plc, Smith and Nephew plc, Integra Life Sciences Corporation, Molyncke Health Care, Mo-Sci Corporation, Organogenesis Inc., Acelity L.P. Inc., DeRoyal Industries Inc., DermaRite Industries LLC., Derma Sciences Inc., Hollister Incorporated and CONMED Corporation.

GLOBAL ADVANCED WOUND CARE MARKET SEGMENTATION 

By Type 

Advanced Wound Dressing

• Foam Dressing
• Hydrocolloid Dressing
• Film Dressing
• Alginate Dressing
• Hydrogel Dressing
• Collagen Dressing
• Others

  Wound Therapy Devices

• Negative Pressure Wound Therapy (NPWT) Devices
• Oxygen and Hyperbaric Oxygen Equipment
• Electrical Stimulation Devices
• Others

  Active Wound Care Products

  • Artificial Skin and Skin Substitutes
  • Topical Agents

By Application 

Surgical and Chronic Wounds

Ulcers

Burns

By End-User 

Inpatient Facilities

Outpatient Facilities

By Geography 

• North America- U.S. and Rest of North America
• Europe- U.K., Germany, France and Rest of Europe
• Asia-Pacific - China, Japan, India and Rest of Asia-Pacific
• Rest of the World (RoW)- Brazil and Rest of Rest of the World

Upcoming Market Research Reports by P&S Market Research 

Wound Care Market

Wound Dressings Market

Wound Closure Device Market

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SOURCE P&S Market Research