Market Overview:
The global elastic wound care market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic wounds, rising awareness about advanced wound care products, and technological advancements in wound care products. Based on type, the elastic bandage segment is expected to account for the largest share of the global elastic wound care market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. The high growth rate of this segment can be attributed to its increasing use in hospital settings for treating various types of wounds such as venous leg ulcers, arterial ulcers, and diabetic foot ulcers. Based on application, hospitals are expected to account for the largest share of the global elastic wound care market in 2018.
Product Definition:
Elastic wound care is a type of wound care that uses elastic bandages to help keep the area around the wound moist and clean. This type of wound care is often used for wounds that are healing slowly or have not healed properly.
Elastic Bandage:
Elastic bandage is a dressing used to stabilize and support injured or damaged muscles, joints, ligaments and tendons. It helps in the prevention of rheumatoid arthritis stiffness & osteoarthritis pain as well as helps in improving blood circulation. The primary function of an elastic bandage is to provide pressure relief from swelling. They are also used for compression which helps healing by reducing inflammation and edema (swelling).
Elastic Ointment:
Elastic ointment is a topical skin preparation used for the treatment of stretch marks, varicose veins, and spider veins. It contains hyaluronic acid which helps in filling in the spaces between the cells and tissues making it smooth. The product also reduces swelling by limiting blood flow to the area affected thereby minimizing pain.
The product is available as creams, gels or foam depending on what type of formulation works best for an individual patient's skin sensitivity.
Application Insights:
The market is segmented on the basis of application into hospital, clinic, domestic and others. The hospital segment dominated the market in 2017 owing to a high number of surgeries and rising healthcare expenditure globally. A large number of hospitals have been constructed or are being constructed across emerging economies such as China India and Brazil which will provide an opportunity for growth over the forecast period.
Elastic bandage was observed to be most commonly used product among other applications in clinics &domestic wounds care markets owing to its low cost compared to other products such as gauze or swabs, which can be used multiple times before replacing them with new ones. These products are available at a lower price point making it affordable for patients who have more than one wound requiring treatment due to financial constraints or if they are from a low-income group where every penny counts when it comes down to spending on medical procedures that require expensive equipment like surgical drapes etc.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of key players and high adoption rate for advanced products. The region is expected to maintain its dominance over the forecast period due to factors such as increasing prevalence of chronic wounds, rising geriatric population, and technological advancements. Moreover, availability of skilled professionals and improvement in healthcare infrastructure are also contributing towards regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure & facilities along with rising awareness about advanced treatment options for treating various injuries & disorders including burns. In addition, growing medical tourism industry will drive demand further since Asia Pacific has one of the largest populations suffering from chronic wounds requiring long-term care (bandages changes). Availability of low-cost treatment options will also contribute towards regional growth during this timeframe.
Growth Factors:
- Increasing incidence of chronic wounds: The increasing incidence of chronic wounds is one of the key growth drivers for the global elastic wound care market. According to a study by the Centers for Disease Control and Prevention (CDC), around 6.5 million people in the U.S. are affected by chronic wounds, which account for more than billion in annual healthcare costs. This number is expected to rise in the coming years due to the growing aging population and rising prevalence of lifestyle-associated diseases such as obesity and diabetes mellitus, which are major risk factors for developing chronic wounds.
- Rising demand for advanced wound care products: The global market for advanced wound care products is growing at a rapid pace due to increasing awareness about their benefits among patients, caregivers, and healthcare professionals alike. Elastic wound dressings are one such type of advanced wound care product that offer several advantages over traditional bandages or dressings, including better patient comfort, reduced healing time, and improved outcomes in complex or difficult-to-heal wounds such as venous leg ulcers (VLUs) and pressure ulcers (PUs).
- Growing popularity of minimally invasive procedures: Minimally invasive procedures have gained immense popularity in recent years owing to their numerous benefits over traditional surgical procedures such as shorter hospital stays, reduced pain levels post surgery, lower rates of complications & infections etc., In addition, these procedures also help reduce scarring on tissues caused by traditional surgery methods thereby improving
Scope Of The Report
Report Attributes
Report Details
Report Title
Elastic Wound Care Market Research Report
By Type
Elastic Bandage, Elastic Ointment
By Application
Hospital, Clinic, Domestic, Other
By Companies
Меdіlіnе Іnduѕtrіеѕ, Меrсаtоr Меdісаl Grоuр, Каrl Оttо Вrаun, Рrіmаrе Іntеrnаtіоnаl, Аbеnа Grоuр, Техроl, Grеаtоrех Техtіlе Іnduѕtrіеѕ, Lіdеrmеd, Ѕuthеrlаnd Меdісаl
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Elastic Wound Care Market Report Segments:
The global Elastic Wound Care market is segmented on the basis of:
Types
Elastic Bandage, Elastic Ointment
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
Hospital, Clinic, Domestic, Other
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:
- Меdіlіnе Іnduѕtrіеѕ
- Меrсаtоr Меdісаl Grоuр
- Каrl Оttо Вrаun
- Рrіmаrе Іntеrnаtіоnаl
- Аbеnа Grоuр
- Техроl
- Grеаtоrех Техtіlе Іnduѕtrіеѕ
- Lіdеrmеd
- Ѕuthеrlаnd Меdісаl
Highlights of The Elastic Wound Care 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:
- Elastic Bandage
- Elastic Ointment
- By Application:
- Hospital
- Clinic
- Domestic
- Other
- 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 Elastic Wound Care 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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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- 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
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elastic wound care is a type of wound care that helps to prevent and treat wounds that are not healing properly. Elastic wound therapy uses elastic bands, pads, or wraps to help stretch the skin and encourage better healing.
Some of the major companies in the elastic wound care market are МеdÑ–lÑ–nе ІnduÑ•trіеѕ, МеrÑаtоr МеdÑ–Ñаl GrоuÑ€, Каrl Оttо Ð’rаun, Ð rÑ–mаrе Іntеrnаtіоnаl, Ðbеnа GrоuÑ€, Техроl, Grеаtоrех ТехtÑ–lе ІnduÑ•trіеѕ, LÑ–dеrmеd, Ð…uthеrlаnd МеdÑ–Ñаl.
The elastic wound care market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elastic Wound Care 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 Elastic Wound Care Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elastic Wound Care 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 Elastic Wound Care 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 Elastic Wound Care Market Size & Forecast, 2020-2028
4.5.1 Elastic Wound Care Market Size and Y-o-Y Growth
4.5.2 Elastic Wound Care 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 Elastic Bandage
5.2.2 Elastic Ointment
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 Hospital
6.2.2 Clinic
6.2.3 Domestic
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elastic Wound Care 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 Elastic Wound Care 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 Elastic Bandage
9.6.2 Elastic Ointment
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 Hospital
9.10.2 Clinic
9.10.3 Domestic
9.10.4 Other
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 Elastic Bandage
10.6.2 Elastic Ointment
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 Hospital
10.10.2 Clinic
10.10.3 Domestic
10.10.4 Other
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 Elastic Bandage
11.6.2 Elastic Ointment
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 Hospital
11.10.2 Clinic
11.10.3 Domestic
11.10.4 Other
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 Elastic Bandage
12.6.2 Elastic Ointment
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 Hospital
12.10.2 Clinic
12.10.3 Domestic
12.10.4 Other
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 Elastic Bandage
13.6.2 Elastic Ointment
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 Hospital
13.10.2 Clinic
13.10.3 Domestic
13.10.4 Other
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 Elastic Wound Care Market: Competitive Dashboard
14.2 Global Elastic Wound Care Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Меdіlіnе Іnduѕtrіеѕ
14.3.2 Меrсаtоr Меdісаl Grоuр
14.3.3 Каrl Оttо Вrаun
14.3.4 Рrіmаrе Іntеrnаtіоnаl
14.3.5 Аbеnа Grоuр
14.3.6 Техроl
14.3.7 Grеаtоrех Техtіlе Іnduѕtrіеѕ
14.3.8 Lіdеrmеd
14.3.9 Ѕuthеrlаnd Меdісаl
