Wounds are common conditions that affect billions across the world. Several million acquire chronic wounds due to complications from diabetes, obesity, and cardiovascular diseases, which are expected to increase intensely across the globe in the next few years. Additionally, people suffer from trauma and burns because of accidents, natural disasters, and violence.
The incidence of acute, chronic, and surgical wounds has augmented significantly over the past few years, mostly owing to the increasing global old age population, rising traumatic wounds, the growing number of surgeries, and the increasing occurrence of conditions like obesity and diabetes. In addition, diabetes and obesity can result in an increased overall incidence and complexity of wounds such as infections, ulcerations (leg or foot ulcers), and chronic wounds, which necessitate treatments (wound management) and incur exorbitant medical expenses. All these actors are anticipated to have a definite impact on the growth of the global Wound Care market during the forecast period.
However, the high cost of chronic wound treatments and advanced wound care products may negatively affect their adoption, such as in Asia and other. Patients and physicians in these regions choose for less expensive, traditional, and basic wound care products. This major factor is expected to hamper the growth of the global Wound Care market over the forecast period.
Covid-19 Impact on Wound Care Market
In addition, the current Wound Care Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Wound Care Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Wound Care Market Segment Overview
Based on Product, the Advanced Wound Care Products segment accounted for the major share of the Wound Care market in 2020. Advanced wound care products are progressively being used as the first line of therapy, making it most prominent in the share of the wound care market. In addition, the advantages of advanced wound care over traditional wound care are the key factors boosting the growth of this segment.
According to End-Users, the Hospitals & Clinics segment has the largest share of the global wound care market in 2020. The large share of this segment can be mainly attributed to factors such as the rising incidence of surgical and chronic wounds, increasing incidence of associated surgical site infection and healthcare-associated infections, and the increasing incidence of burn injuries.
Wound Care Market, By Product
- Advanced Wound Care Products
- Advanced Dressings
- Foam Dressings
- Hydrocolloid Dressings
- Film Dressings
- Alginate Dressings
- Hydrogel Dressings
- Collagen Dressings
- Hydrofiber Dressings
- Wound Contact Layers
- Superabsorbent Dressings
- Other Advanced Dressings
- Wound Therapy Devices
- Debridement Devices & Accessories
- Wound Assessment & Monitoring Devices
- Portable & Conventional NPWT Devices
- Other Devices & Accessories
- Grafts & Matrices
- Topical Agents
- Advanced Dressings
- Surgical Wound Care Products
- Sutures
- Staplers
- Tissue Adhesives, Sealants, & Glues
- Traditional Wound Care Products
- Medical Tapes
- Dressings
- Cleansing Agents
· Surgical & Traumatic Wounds
· Diabetic Foot Ulcers
· Pressure Ulcers
· Venous Leg Ulcers
· Burns & Other Wounds
Wound Care Market, By End-User
· Hospitals & Clinics
· Long-term Care Settings
· Home Care Settings
· Other
Wound Care Regional Overview
Region-wise, North America was the leading region in the global Wound Care market in 2020, and is expected that it keeps its position as it is throughout the forecast period. This can be primally attributed to the increasing prevalence of chronic conditions resulting in chronic, surgical, and traumatic wounds, the growing incidence of burn injuries, increasing spending on surgical and chronic wounds, and technological progressions in this region. Further, the availability of skilled professionals and the presence of well-established healthcare infrastructure are projected to propel the market's growth during the forecast period. Similarly, the Asia Pacific is estimated to be the fastest-growing regional market in the coming period. Factors such as the growing prevalence of chronic conditions, emerging healthcare infrastructure, and increasing healthcare expenditure significantly contribute to the growth of the market in this region.
Wound Care Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Wound Care Market, Key Players
· Smith & Nephew PLC
· Mölnlycke Health Care AB
· Acelity (KCI Licensing, Inc.)
· ConvaTec Group PLC
· Ethicon Inc. (Johnson & Johnson)
· Baxter International, Inc.
· Coloplast Corp.
· Medtronic PLC
· The 3M Company
· Derma Sciences, Inc. (Integra LifeSciences)
· Medline Industries, Inc.
· Advancis Medical USA LLC
· B. Braun Melsungen AG
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Wound Care Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Advanced Wound Care Products
- 5.2.1.1. Advanced Dressings
- 5.2.1.1.1. Foam Dressings
- 5.2.1.1.2. Hydrocolloid Dressings
- 5.2.1.1.3. Film Dressings
- 5.2.1.1.4. Alginate Dressings
- 5.2.1.1.5. Hydrogel Dressings
- 5.2.1.1.6. Collagen Dressings
- 5.2.1.1.7. Hydrofiber Dressings
- 5.2.1.1.8. Wound Contact Layers
- 5.2.1.1.9. Superabsorbent Dressings
- 5.2.1.1.10. Other Advanced Dressings
- 5.2.1.2. Wound Therapy Devices
- 5.2.1.2.1. Debridement Devices & Accessories
- 5.2.1.2.2. Wound Assessment & Monitoring Devices
- 5.2.1.2.3. Portable & Conventional NPWT Devices
- 5.2.1.2.4. Other Devices & Accessories
- 5.2.1.3. Grafts & Matrices
- 5.2.1.4. Topical Agents
- 5.2.1.1. Advanced Dressings
- 5.2.2. Surgical Wound Care Products
- 5.2.2.1. Sutures
- 5.2.2.2. Staplers
- 5.2.2.3. Tissue Adhesives, Sealants, & Glues
- 5.2.3. Traditional Wound Care Products
- 5.2.3.1. Medical Tapes
- 5.2.3.2. Dressings
- 5.2.3.3. Cleansing Agents
- 5.2.1. Advanced Wound Care Products
- 5.3.1. Surgical & Traumatic Wounds
- 5.3.2. Diabetic Foot Ulcers
- 5.3.3. Pressure Ulcers
- 5.3.4. Venous Leg Ulcers
- 5.3.5. Burns & Other Wounds
- 5.4.1. Hospitals & Clinics
- 5.4.2. Long-term Care Settings
- 5.4.3. Home Care Settings
- 5.4.4. Other
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Wound Care Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Advanced Wound Care Products
- 6.2.1.1. Advanced Dressings
- 6.2.1.1.1. Foam Dressings
- 6.2.1.1.2. Hydrocolloid Dressings
- 6.2.1.1.3. Film Dressings
- 6.2.1.1.4. Alginate Dressings
- 6.2.1.1.5. Hydrogel Dressings
- 6.2.1.1.6. Collagen Dressings
- 6.2.1.1.7. Hydrofiber Dressings
- 6.2.1.1.8. Wound Contact Layers
- 6.2.1.1.9. Superabsorbent Dressings
- 6.2.1.1.10. Other Advanced Dressings
- 6.2.1.2. Wound Therapy Devices
- 6.2.1.2.1. Debridement Devices & Accessories
- 6.2.1.2.2. Wound Assessment & Monitoring Devices
- 6.2.1.2.3. Portable & Conventional NPWT Devices
- 6.2.1.2.4. Other Devices & Accessories
- 6.2.1.3. Grafts & Matrices
- 6.2.1.4. Topical Agents
- 6.2.1.1. Advanced Dressings
- 6.2.2. Surgical Wound Care Products
- 6.2.2.1. Sutures
- 6.2.2.2. Staplers
- 6.2.2.3. Tissue Adhesives, Sealants, & Glues
- 6.2.3. Traditional Wound Care Products
- 6.2.3.1. Medical Tapes
- 6.2.3.2. Dressings
- 6.2.3.3. Cleansing Agents
- 6.2.1. Advanced Wound Care Products
- 6.3.1. Surgical & Traumatic Wounds
- 6.3.2. Diabetic Foot Ulcers
- 6.3.3. Pressure Ulcers
- 6.3.4. Venous Leg Ulcers
- 6.3.5. Burns & Other Wounds
- 6.4.1. Hospitals & Clinics
- 6.4.2. Long-term Care Settings
- 6.4.3. Home Care Settings
- 6.4.4. Other
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Wound Care Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Advanced Wound Care Products
- 7.2.1.1. Advanced Dressings
- 7.2.1.1.1. Foam Dressings
- 7.2.1.1.2. Hydrocolloid Dressings
- 7.2.1.1.3. Film Dressings
- 7.2.1.1.4. Alginate Dressings
- 7.2.1.1.5. Hydrogel Dressings
- 7.2.1.1.6. Collagen Dressings
- 7.2.1.1.7. Hydrofiber Dressings
- 7.2.1.1.8. Wound Contact Layers
- 7.2.1.1.9. Superabsorbent Dressings
- 7.2.1.1.10. Other Advanced Dressings
- 7.2.1.2. Wound Therapy Devices
- 7.2.1.2.1. Debridement Devices & Accessories
- 7.2.1.2.2. Wound Assessment & Monitoring Devices
- 7.2.1.2.3. Portable & Conventional NPWT Devices
- 7.2.1.2.4. Other Devices & Accessories
- 7.2.1.3. Grafts & Matrices
- 7.2.1.4. Topical Agents
- 7.2.1.1. Advanced Dressings
- 7.2.2. Surgical Wound Care Products
- 7.2.2.1. Sutures
- 7.2.2.2. Staplers
- 7.2.2.3. Tissue Adhesives, Sealants, & Glues
- 7.2.3. Traditional Wound Care Products
- 7.2.3.1. Medical Tapes
- 7.2.3.2. Dressings
- 7.2.3.3. Cleansing Agents
- 7.2.1. Advanced Wound Care Products
- 7.3.1. Surgical & Traumatic Wounds
- 7.3.2. Diabetic Foot Ulcers
- 7.3.3. Pressure Ulcers
- 7.3.4. Venous Leg Ulcers
- 7.3.5. Burns & Other Wounds
- 7.4.1. Hospitals & Clinics
- 7.4.2. Long-term Care Settings
- 7.4.3. Home Care Settings
- 7.4.4. Other
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Wound Care Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Advanced Wound Care Products
- 8.2.1.1. Advanced Dressings
- 8.2.1.1.1. Foam Dressings
- 8.2.1.1.2. Hydrocolloid Dressings
- 8.2.1.1.3. Film Dressings
- 8.2.1.1.4. Alginate Dressings
- 8.2.1.1.5. Hydrogel Dressings
- 8.2.1.1.6. Collagen Dressings
- 8.2.1.1.7. Hydrofiber Dressings
- 8.2.1.1.8. Wound Contact Layers
- 8.2.1.1.9. Superabsorbent Dressings
- 8.2.1.1.10. Other Advanced Dressings
- 8.2.1.2. Wound Therapy Devices
- 8.2.1.2.1. Debridement Devices & Accessories
- 8.2.1.2.2. Wound Assessment & Monitoring Devices
- 8.2.1.2.3. Portable & Conventional NPWT Devices
- 8.2.1.2.4. Other Devices & Accessories
- 8.2.1.3. Grafts & Matrices
- 8.2.1.4. Topical Agents
- 8.2.1.1. Advanced Dressings
- 8.2.2. Surgical Wound Care Products
- 8.2.2.1. Sutures
- 8.2.2.2. Staplers
- 8.2.2.3. Tissue Adhesives, Sealants, & Glues
- 8.2.3. Traditional Wound Care Products
- 8.2.3.1. Medical Tapes
- 8.2.3.2. Dressings
- 8.2.3.3. Cleansing Agents
- 8.2.1. Advanced Wound Care Products
- 8.3.1. Surgical & Traumatic Wounds
- 8.3.2. Diabetic Foot Ulcers
- 8.3.3. Pressure Ulcers
- 8.3.4. Venous Leg Ulcers
- 8.3.5. Burns & Other Wounds
- 8.4.1. Hospitals & Clinics
- 8.4.2. Long-term Care Settings
- 8.4.3. Home Care Settings
- 8.4.4. Other
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Wound Care Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Advanced Wound Care Products
- 9.2.1.1. Advanced Dressings
- 9.2.1.1.1. Foam Dressings
- 9.2.1.1.2. Hydrocolloid Dressings
- 9.2.1.1.3. Film Dressings
- 9.2.1.1.4. Alginate Dressings
- 9.2.1.1.5. Hydrogel Dressings
- 9.2.1.1.6. Collagen Dressings
- 9.2.1.1.7. Hydrofiber Dressings
- 9.2.1.1.8. Wound Contact Layers
- 9.2.1.1.9. Superabsorbent Dressings
- 9.2.1.1.10. Other Advanced Dressings
- 9.2.1.2. Wound Therapy Devices
- 9.2.1.2.1. Debridement Devices & Accessories
- 9.2.1.2.2. Wound Assessment & Monitoring Devices
- 9.2.1.2.3. Portable & Conventional NPWT Devices
- 9.2.1.2.4. Other Devices & Accessories
- 9.2.1.3. Grafts & Matrices
- 9.2.1.4. Topical Agents
- 9.2.1.1. Advanced Dressings
- 9.2.2. Surgical Wound Care Products
- 9.2.2.1. Sutures
- 9.2.2.2. Staplers
- 9.2.2.3. Tissue Adhesives, Sealants, & Glues
- 9.2.3. Traditional Wound Care Products
- 9.2.3.1. Medical Tapes
- 9.2.3.2. Dressings
- 9.2.3.3. Cleansing Agents
- 9.2.1. Advanced Wound Care Products
- 9.3.1. Surgical & Traumatic Wounds
- 9.3.2. Diabetic Foot Ulcers
- 9.3.3. Pressure Ulcers
- 9.3.4. Venous Leg Ulcers
- 9.3.5. Burns & Other Wounds
- 9.4.1. Hospitals & Clinics
- 9.4.2. Long-term Care Settings
- 9.4.3. Home Care Settings
- 9.4.4. Other
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Smith & Nephew PLC
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Mölnlycke Health Care AB
- 10.6. Acelity (KCI Licensing, Inc.)
- 10.7. ConvaTec Group PLC
- 10.8. Ethicon Inc. (Johnson & Johnson)
- 10.9. Baxter International, Inc.
- 10.10. Coloplast Corp.
- 10.11. Medtronic PLC
- 10.12. The 3M Company
- 10.13. Derma Sciences, Inc. (Integra LifeSciences)
- 10.14. Medline Industries, Inc.
- 10.15. Advancis Medical USA LLC
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESSPrimary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model