Market Overview:
The global advanced wound therapy devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic wounds, rising geriatric population, and technological advancements in wound care products. Based on type, the global advanced wound therapy devices market is segmented into pressure relief devices, negative pressure wound therapy systems (NPWT), hyperbaric oxygen equipment, electrical stimulation devices (ESDs), and others. NPWT held the largest share of the global advanced wound therapy devices market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its ability to effectively manage various types of wounds such as acute and chronic ulcers, surgical wounds, burns, and radiation injuries. Based on application, hospitals.
Product Definition:
Advanced wound therapy devices are medical devices that are used to treat chronic and hard-to-heal wounds. These devices use various methods, such as electrical stimulation, ultrasound therapy, or laser therapy, to promote healing. Advanced wound therapy devices are important because they can help improve the healing process for chronic and hard-to-heal wounds.
Pressure Relief Devices:
Pressure relief devices are used to relieve pain caused due to elevated blood pressure. They comprise of a series of interconnected valves that reduce the pressure in the case of an emergency, such as when a person is experiencing heart attack or stroke. The device works by reducing the blood flow and therefore reduces or eliminates pain.
Negative Pressure Wound Therapy Systems:
The global negative pressure wound therapy systems and it's usage in advanced wound therapy devices market size was valued at USD 661.7 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of chronic wounds, especially diabetic foot ulcers, venous leg ulcers, and other non-healing wounds is one of the major drivers for this market growth.
Application Insights:
The market is categorized into hospitals and clinics, home care settings, and others. The hospitals and clinics segment dominated the overall advanced wound therapy devices market in 2017 owing to increasing cases of chronic wounds across the globe. This can be attributed to rising geriatric population, growing incidence of trauma cases, and increasing number of burn injuries due to accidents or violence. For instance, as per the National Fire Chiefs Council (NFCC), in 2016/17 UK had around 52 thousand burns injuries which resulted in more than £225 million (0 million) worth of damage every year. In addition, according to WHO Global Report on Burn Injuries 2015-2016 published recently by NFCC also states that most burn injury deaths occur within first days after the accident/tragedy whereas 80% of total burn injuries are reported between 1st week and 3rd month post-accident/tragedy respectively.
Regional Analysis:
North America dominated the market in 2017 owing to factors such as increasing road accidents, sports injuries, and the presence of several key players in this region. In addition, rising awareness about advanced wound therapy devices and availability of skilled professionals are some other factors contributing to the growth of this regional market.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to factors such as improving healthcare infrastructure & availability of skilled professionals for treating chronic wounds.
In 2016, The Asia Pacific Society Of Wound Management (APSWM) was formed with an aim towards fostering management skills among physicians across Asia Pacific region.
Growth Factors:
- Increasing incidence of chronic wounds: The global prevalence of chronic wounds is estimated to be around 6.7%. This number is expected to grow significantly in the next few years due to the increasing aging population and rising rates of diabetes and obesity. This will create a large pool of patients who will require advanced wound therapy devices for treatment.
- Growing demand for minimally invasive procedures: There is a growing demand for minimally invasive procedures, especially in developed countries where patients are increasingly becoming aware of the benefits associated with them. Advanced wound therapy devices offer many advantages over traditional methods such as reduced pain, shorter hospital stays, and faster recovery times. This will lead to an increase in their adoption in the coming years.
- Technological advancements: The field of advanced wound therapy is constantly evolving with new technologies being developed all the time. These technologies offer better outcomes for patients and help reduce costs associated with treatment procedures. They are also becoming more affordable, making them more accessible to a wider audience worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Wound Therapy Devices Market Research Report
By Type
Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, Electrical Stimulation Devices, Others
By Application
Hospitals and Clinics, Home Care Settings, Others
By Companies
Smith & Nephew (UK), Molnlycke Health Care (Sweden), B. Braun (Germany), ConvaTec Group (US), Coloplast (Denmark), Integra LifeSciences (US), M Company (US), Cardinal Health (US), Acelity L.P. (US), Medtronic (US), Smith & Nephew (UK), PAUL HARTMANN (Germany), Medline Industries (US), Lohmann & Rauscher (Germany), Advanced Medical Solutions Group (UK)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Wound Therapy Devices Market Report Segments:
The global Advanced Wound Therapy Devices market is segmented on the basis of:
Types
Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, Electrical Stimulation Devices, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals and Clinics, Home Care Settings, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Smith & Nephew (UK)
- Molnlycke Health Care (Sweden)
- B. Braun (Germany)
- ConvaTec Group (US)
- Coloplast (Denmark)
- Integra LifeSciences (US)
- M Company (US)
- Cardinal Health (US)
- Acelity L.P. (US)
- Medtronic (US)
- Smith & Nephew (UK)
- PAUL HARTMANN (Germany)
- Medline Industries (US)
- Lohmann & Rauscher (Germany)
- Advanced Medical Solutions Group (UK)
Highlights of The Advanced Wound Therapy Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pressure Relief Devices
- Negative Pressure Wound Therapy Systems
- Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Others
- By Application:
- Hospitals and Clinics
- Home Care Settings
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Wound Therapy Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
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- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Advanced wound therapy devices are medical devices that are used to treat wounds. These devices can help improve the healing process and reduce the amount of pain that a patient experiences.
Some of the major companies in the advanced wound therapy devices market are Smith & Nephew (UK), Molnlycke Health Care (Sweden), B. Braun (Germany), ConvaTec Group (US), Coloplast (Denmark), Integra LifeSciences (US), M Company (US), Cardinal Health (US), Acelity L.P. (US), Medtronic (US), Smith & Nephew (UK), PAUL HARTMANN (Germany), Medline Industries (US), Lohmann & Rauscher (Germany), Advanced Medical Solutions Group (UK).
The advanced wound therapy devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Wound Therapy Devices Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Advanced Wound Therapy Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Advanced Wound Therapy Devices Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Advanced Wound Therapy Devices Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Advanced Wound Therapy Devices Market Size & Forecast, 2020-2028 4.5.1 Advanced Wound Therapy Devices Market Size and Y-o-Y Growth 4.5.2 Advanced Wound Therapy Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pressure Relief Devices
5.2.2 Negative Pressure Wound Therapy Systems
5.2.3 Hyperbaric Oxygen Equipment
5.2.4 Electrical Stimulation Devices
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals and Clinics
6.2.2 Home Care Settings
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Wound Therapy Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Wound Therapy Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pressure Relief Devices
9.6.2 Negative Pressure Wound Therapy Systems
9.6.3 Hyperbaric Oxygen Equipment
9.6.4 Electrical Stimulation Devices
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals and Clinics
9.10.2 Home Care Settings
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pressure Relief Devices
10.6.2 Negative Pressure Wound Therapy Systems
10.6.3 Hyperbaric Oxygen Equipment
10.6.4 Electrical Stimulation Devices
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals and Clinics
10.10.2 Home Care Settings
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pressure Relief Devices
11.6.2 Negative Pressure Wound Therapy Systems
11.6.3 Hyperbaric Oxygen Equipment
11.6.4 Electrical Stimulation Devices
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals and Clinics
11.10.2 Home Care Settings
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pressure Relief Devices
12.6.2 Negative Pressure Wound Therapy Systems
12.6.3 Hyperbaric Oxygen Equipment
12.6.4 Electrical Stimulation Devices
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals and Clinics
12.10.2 Home Care Settings
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pressure Relief Devices
13.6.2 Negative Pressure Wound Therapy Systems
13.6.3 Hyperbaric Oxygen Equipment
13.6.4 Electrical Stimulation Devices
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals and Clinics
13.10.2 Home Care Settings
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Wound Therapy Devices Market: Competitive Dashboard
14.2 Global Advanced Wound Therapy Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Smith & Nephew (UK)
14.3.2 Molnlycke Health Care (Sweden)
14.3.3 B. Braun (Germany)
14.3.4 ConvaTec Group (US)
14.3.5 Coloplast (Denmark)
14.3.6 Integra LifeSciences (US)
14.3.7 M Company (US)
14.3.8 Cardinal Health (US)
14.3.9 Acelity L.P. (US)
14.3.10 Medtronic (US)
14.3.11 Smith & Nephew (UK)
14.3.12 PAUL HARTMANN (Germany)
14.3.13 Medline Industries (US)
14.3.14 Lohmann & Rauscher (Germany)
14.3.15 Advanced Medical Solutions Group (UK)