Global WoundCare Market, By Product Type (Advanced Wound Management Products (WoundDressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings,Anti-infective Dressings, Alginate Dressings, and Collagen Dressings), WoundTherapy Devices (Pressure Relief Devices, Negative Pressure Wound TherapySystems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), andActive Wound Care), Surgical Wound Care Product (Sutures and Staples and TissueAdhesives, Sealants and Glues), andTraditional Wound Care Products (Medical Tapes, Dressings, and CleansingAgents), By Wound Type (Chronic Wounds (Pressure Ulcers, Diabetic Foot Ulcers,Venous Ulcers and, Other Chronic Wounds) and Acute Wound (Surgical andTraumatic Wounds and Burns), By End User (Hospitals, Clinics, AmbulatorySurgical Centers diagnostic centers, Home Care Settings, and Others), and ByRegion (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 reportpublished by.
Research and developmentinstitutes are focused on development of innovative wound care products toreceive large funding from healthcare companies, which is expected to drivegrowth the global wound care market over the forecast period. For instance, inNovember 2018, The Wound Healing Foundation, with the support from CoriusTissue Regeneration a trademark of Medline Industries Inc., announced a newthree-year grant series: WHF-Medline Research Grant Innovation Award. The firstof three consecutive US$ 30,000 grant awards for the best scientific andinnovative proposal was awarded in May 2019 to scientist involved in woundhealing product innovation research. The purpose of the award is to stimulateinnovative wound healing product development. This is a one year, US$ 30,000grant, which will be awarded to an investigator doing research in wound healingin the U.S. Application proposals should be innovative and have the ability tobe commercialized in the future. Furthermore, The Wound Healing Foundation isconsistently putting efforts to receive more funding from donators and sponsorsfor development of wound care products.
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The Wound Healing Foundation, in2015, volunteered for over 4 months for bringing awareness and funding to thewound healing community. Increasing approvals for wound care product fromregulatory authorities is expected to drive the global wound care market growthduring the forecast period. For instance, in 2018, AQUACEL Ag Advantagedressing received the U.S. Food and Drug Administration (FDA) 510(k) clearancefor wound care management.
Browse 35 Market Data Tables and57 Figures spread through 247 Pages and in-depth TOC on "Wound Care MarketBy Product Type (Advanced Wound Management Products(Wound Dressings (FoamDressings, Hydrocolloid Dressings, Film Dressings, Anti-Infective Dressings,Alginate Dressings, and Collagen Dressings), Wound Therapy Devices(PressureRelief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric OxygenEquipment, 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 (PressureUlcers, Diabetic Foot Ulcers, Venous Ulcers and Other Chronic Wounds), andAcute 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 latesttrends and insights related Global Wound Care Market.
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Governments of differentcountries are focusing on initiatives and strategies to improve access to woundcare products for patients. For example, Department of Health & HumanServices, State Government of Victoria, Australia, is implementingStrengthening Wound Management Practice Strategy, which aims to help older peopleand staff caring for older people to improve wound management practice.Similarly, Connected Wound Care Project is a successful collaboration betweenthe regional wounds Victoria clinical nurse consultants and the Royal DistrictNursing Service. The project focuses on development of educational andinformation resources to assist nurses and people they care for in preventingand managing wounds.
Key Takeaways of the Global WoundCare Market:
The global wound care market isexpected 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 advancedwound management products segment is expected to hold major revenue share in2026, owing to high presence key players in advanced wound care managementproducts segment such Johnson & Johnson, 3M Company, Baxter International,Acelity, Coloplast, Integra Lifesciences, Kinetic Concepts, Medtronic plc., andSmith & Nephew plc.
Major players operating in theglobal wound care market include Acelity L.P., Inc., 3M Company, BaxterInternational, Inc., Coloplast A/S, Integra Lifesciences, Johnson &Johnson, Inc., Smith & Nephew Plc., Cardinal Health, ConvaTec Group PLC,and Organogenesis Inc.
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