Global Advanced Wound Care Products Market to Reach $12.5 Billion by 2026
SAN FRANCISCO , March 24, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Advanced Wound Care Products - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 15; Released: March 2022
Executive Pool: 11493
Companies: 116 - Players covered include 3M Healthcare; Acelity LP; Cardinal Health; Coloplast A/S; Conmed Corporation; ConvaTec Inc.; Hollister Wound Care; Medline Industries Inc.; Mölnlycke Health Care AB; Organogenesis Inc.; Paul Hartmann AG; Smith & Nephew Plc and Others.
Coverage: All major geographies and key segments
Segments: Product (Moist Wound Dressings, Therapy Devices, Antimicrobial Dressings, Active Wound Care Products); Application (Acute, Chronic); End-Use (Hospitals, Specialty Clinics, Home Healthcare, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Global Advanced Wound Care Products Market to Reach US$12.5 Billion by the Year 2026
Growth in the global advanced wound care market is led by factors including an increasing geriatric population and proliferation of various chronic medical conditions. Advanced wound care products hold high efficacy and capable of improving patient outcomes by promoting healing for different types of wounds, including diabetic foot ulcers. These products are poised to gain attention from payers and patients as they reduce the downstream cost for management and treatment of chronic diabetic wounds. Wound care is expected to benefit from ongoing efforts to improve the healthcare infrastructure. A large number of underserved and rural areas are characterized by high cases of lower extremity wounds due to poor access to care services. The advanced wound care market is slated to be driven by increasing uptake of these products across hospitals. While increased awareness is yielding significant results in developed countries, it is yet to catch pace in developing regions mainly due to significantly lower levels of such marketing initiatives in these regions. This scenario is however likely to change in the coming years with wound management product companies increasingly vying to penetrate these untapped markets.
Amid the COVID-19 crisis, the global market for Advanced Wound Care Products estimated at US$9.8 Billion in the year 2022, is projected to reach a revised size of US$12.5 Billion by 2026, growing at a CAGR of 6% over the analysis period. Moist Wound Dressings, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$5.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Therapy Devices segment is readjusted to a revised 6.3% CAGR for the next 7-year period. This segment currently accounts for a 29% share of the global Advanced Wound Care Products market.
The U.S. Market is Estimated at $3.8 Billion in 2022, While China is Forecast to Reach $1.2 Billion by 2026
The Advanced Wound Care Products market in the U.S. is estimated at US$3.8 Billion in the year 2022. The country currently accounts for a 38.43% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2026 trailing a CAGR of 9.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR while Rest of European market (as defined in the study) will reach US$693.3 Million by the end of the analysis period.
Antimicrobial Dressings Segment to Reach $2 Billion by 2026
In the global Antimicrobial Dressings segment, USA, Canada, Japan, China and Europe will drive the 7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$135.9 Million by the year 2026, while Latin America will expand at a 8.8% CAGR through the analysis period.
MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter
https://twitter.com/marketbytes
Journalists & Media
[email protected]
SOURCE Global Industry Analysts, Inc.
Share this article