Wound Management Products Market are generally as categorized as traditional and advanced. Advanced wound care products are very important in the treatment of the diabetic ulcers. Standard treatment for this includes infection control, local ulcer care and education on foot cares. The advanced wound care products market, in terms of revenue, was valued at US$ 8,400 Mn in 2017 and is expected to reach US$ 11,500 Mn by 2021.
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Some of the key participants of global advanced wound care products market are Smith & Nephew, 3M Healthcare, Mölnlycke Healthcare AB, ConvaTech, Hollister Incorporated, Lohmann & Rauscher, Nitto Denko, Advanced Medical Solutions, DeRoyal Industries, Genewel Co., Ltd., Organogenesis Inc., Laboratoires URGO, BSN Medical, Medtronic, B.Braun (B. Braun Melsungen AG), Coloplast A/S, Paul Hartmann, Kinetic Concepts, Inc., Medline Industries, Inc. and Winner Medical Co., Ltd. amongst others.
Surgical wound is the wound made by a cutting instrument and made in sterile environments where many variables such location, size, bacteria and nature wounds can be controlled. Demand for the wound care needs has been increasing from the last decade. In order to satisfy them, many manufactures are developing application specific products which can be used in the acute wounds, chronic wounds and surgical wounds.
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There are more than 4.5 million pressure ulcers cases in the world which requires treatment every year. Wound management products are also used for the treatment such as melanomas, carcinomas, amputations and other complicated cancer treatments.
High expenses in advanced wound care can critically impact the market. It has been reported that wounds accounts for approximately 4% of total health systems cost. The breakdown of wound costs in the acute setting is the material cost which is 15 to 20%, nurse time of about 30 to 35% and hospitalization which ranges above 50%.
Advanced technologies to provide many opportunities in the advanced wound care products market. For instance., electrical stimulation is the application which involves use of electric current to help encourage wound closure and activate cell growth. It has been observed that, patients with spinal cord injuries took 13 days to heal with electrical stimulation in comparison with 31.5 days for standard treatment.
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Advanced Wound Care Products Market, by Region
Asia pacific in the advanced wound care products accounted for US$ 1,770 Mn in the 2017 and to represent significant growth opportunities in the future. Rising number of surgeries due to the chronic wounds has led to high demand for the technologically advanced services which will lead more usage of advanced wound care products. Along with this, rising disposable income in this region has also made the advanced medical treatments more affordable to the people.
Competitive Market Share
The advanced wound care products market report provides both, qualitative and quantitative research of the market, as well as it helps to gain important insights of current and future market and trending technologies adopted by the key players. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions(M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
Table of Contents:
Global Advanced Wound Care Products Market Research Report 2019-2027
Chapter 1 Global Advanced Wound Care Products Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Advanced Wound Care Products Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Advanced Wound Care Products Market Forecast
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