The North America Advance Wound Care Market report defines and segments the concerned market with analysis and forecast of revenue. This market is estimated to grow at a CAGR of 6.9% from 2015 to 2020.
Browse through the TOC of North America Advance Wound Care Market for an analysis of industry trends, segments & forecasts.
The wound care market has evolved from traditional products to advanced and active wound care products. These products accelerate the wound healing process. Traditional wound care is the preliminary treatment of wounds by using products such as surgical staples, surgical sutures, tissue adhesives, tissue sealants, and antimicrobial dressings; while, advanced wound care products, such as moisture agents, hydrocolloids, foams, hydrogels, alginates, and super absorbers, provide moisture to the wound site, offering an optimal environment for wound healing. Thus, advanced wound care products are likely to cannibalize the market share of traditional wound care products.
Increasing aging population, prevalence of chronic diseases such as diabetes, and rising number of government initiatives along with growing awareness about new technologies used in wound care are some of the factors that have triggered the growth of the advanced wound care market. Also the increasing incidence of acute and chronic wounds is expected to boost the wound care market. There has been a rise in demand for advanced wound care products over traditional wound care products as they provide more effective treatments. As a result, the market for active wound care products (including biologic products with several applications in the field of chronic wound treatment) is witnessing growth. Moreover, biologic and biomaterial wound treatment techniques are expected to witness high growth in the coming years.
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Geographically, the North America contributed 34.4% in 2014 of the Global advance wound care market. The large share of North America can be attributed to the presence of a large number of patients with chronic wounds in this region. In the U.S., chronic wounds affect 6.5 million patients annually and over $25 billion is spent on their treatment. Furthermore, need for post-surgical wound care is on the rise. According to the latest data acquired from the National Center for Health Statistics, 40 million inpatient surgical procedures were performed in the U.S. in 2000, which increased to 48 million in 2009; the number of outpatient surgeries in the U.S. increased from 3.5 million in 1981 to 17 million in 2010.
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The key players operating in this market are; Smith and Nephew, Plc. (U.K.), Molyncke Health Care (Sweden), ConvaTec, Inc. (U.S.), Laboratories Urgo (France), Coloplast Group (Denmark), Systagenix (U.S.), Medline Industries, Inc. (U.S), Organogenesis, Inc. (U.S.), Shire, Plc. (Ireland) MiMedx Group, Inc. (U.S.), 3M Company (U.S.), Baxter International Inc. (U.S.), Covidien (a subsidiary of Medtronic, Inc.) (U.S.), Ethicon US, LLC. (U.S.), Kinetic Concepts, Inc. (U.S.), and Integra Life Sciences Corporation (U.S.).
This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies of the market.
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