Global Advanced Wound Care Market projected to grow with significant CAGR over the forecast period

Advanced wound care consists of products which are used for the treatment of acute & chronic wounds like burns, ulcers, post-operative wounds etc. Advanced wound care products like foam and film dressings, hydrocolloids hydrogels, and alginates are used to hydrate the wound and encourage healing without blocking wound. It offers various solutions for the patients who are suffering from chronic wounds, by providing easily accessible and economical products.

Growing geriatric population, ineffective traditional wound healing methods and associated risks with them, government initiatives and need for safer and prompt treatment for the chronic wounds are factors anticipated to boost the growth of advanced wound care market. Increasing prevalence rate of lifestyle disorders further leads to chronic wounds like venous leg ulcer, pressure ulcer, and diabetic foot ulcer are the key factors which are anticipated to increase the global growth of advanced wound care management market. On the other hand, the high cost of treatment and fewer reimbursement policies for new technologies are the factors that are hampering the advanced wound care market growth. The advanced wound care market consists a group of competing technologies like hyperbaric oxygen therapy devices, advanced technologies in wound dressing, biologics/bioactive products, and Negative Pressure Wound Therapies (NPWT). As the technology becomes progressive and viable, it improves quality of life of the patients. Conventional wound care products are being substituted by the advanced wound care products owing to their effectiveness and efficacy in the management of wounds by enabling speedy healing.

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The advanced wound care market are divided into-
1. Product type
• Advanced Wound Dressing
o Foam Dressing
o Hydrocolloid Dressing
o Film Dressing
o Alginate Dressing
o Hydrogel Dressing
o Collagen Dressing
o Others

• Wound Therapy Device
o Negative Pressure Wound Therapy (NPWT) Device
o Oxygen & Hyperbaric Oxygen Equipment
o Electrical Stimulation Device
o Others

• Active Wound Care Product
o Artificial Skin and Skin Substitutes
o Topical Agents

2. Applications
• Surgical and Chronic Wounds
• Ulcers
• Burns
• Others

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3. End-users
Hospitals, Clinics, home health care and community Medical Centers

And lastly, on the basis of geographical regions the advanced wound care market is divided into 5 major regions- Europe, North America, Latin America, Asia-Pacific and the Middle East & Africa. North America is dominating the advanced wound care market having highest market share globally followed by Europe & Asia-Pacific regions. The Asia-Pacific is considered as the fastest growing market because of having fast untapped developing economies but lacking in awareness regarding the wound care management and high price is hampering advanced wound care market growth in countries like China, Brazil, India, and others.

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Some of the important players in global advanced wound care market are Oculus Innovative Sciences, Coloplast Corporation, Medtronic, Integra Life Sciences Corporation, Smith and Nephew plc, Mo-Sci Corporation, Organogenesis Inc., Mölnlycke Health Care, Acelity L.P. Inc., Derma Sciences Inc. and Hollister Incorporated, DeRoyal Industries Inc., DermaRite Industries LLC., TriStar Wellness Solutions. In 2015, Oculus Innovative Sciences received 510(k) clearance from USFDA for Alevicyn SG Antipruritic Spray Gel for the treatment of dermatological conditions like lacerations, itching and burning of skin, skin irritation and abrasions. In 2016, Integra Life Sciences Holdings Corporation and Vomaris Wound Care, Inc. entered into an agreement for the advanced wound care market. And in 2016, the Integra Omnigraft Dermal Regeneration Matrix (Omnigraft) received USFDA approval for treatment of certain diabetic foot ulcers.

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