Market Overview:
The global patch-based wound healing product market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic wounds and the growing demand for advanced wound care products. The global patch-based wound healing product market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into povidone-iodine, silver, collagen, and others. Povidone-iodine held a dominant position in 2017 owing to its antimicrobial properties that help in preventing infection in wounds. On the basis of application, the market is divided into chronic wounds and acute wounds. Acute wounds are further classified into surgical incisions/cuts, lacerations/abrasions injuries (including burns), puncture injuries (including bites), and other acute injuries). Chronic wounds are further classified into pressure ulcers (also known as bedsores), venous leg ulcers (VLUs), diabetic foot ulcers (DFUs), arterial leg ulcers (ALUs) and other chronic nonhealing lesions.
Product Definition:
A patch-based wound healing product is a medical device that is used to help heal wounds. The product consists of a thin, flexible patch that is placed over the wound. The patch helps to promote healing by delivering nutrients and oxygen to the wound site, as well as removing dead tissue and debris.
Povidone-iodine:
Povidone-iodine is a combination of povidone and iodine used in the treatment of skin infections. It's an opaque white crystalline powder, which is soluble in water and slightly soluble in alcohol. Povidone-iodine has antiseptic properties due to which it finds application as a topical agent for the treatment of skin disorders such as acne, warts, etc.
Silver:
Silver is a soft metal with the highest electrical and thermal conductivity. It has antimicrobial properties which help in preventing infections. Silver ions are released into the wound exudates which reacts with pathogens to form a protective layer over the wound surface. This property of silver helps it's usage in various applications such as medical, industrial, and consumer products market segmentation.
Application Insights:
The chronic wound segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The increasing cases of chronic diseases, especially diabetes, across the globe are driving the segment growth. As per estimates by WHO, in 2016 more than 60% of adults globally were suffering from some form of diabetes and this number is expected to reach 80% by 2050. This increase in prevalence rates has created a huge demand for advanced wound care products that can tackle with complex wounds with ease.
The acute wounds segment is anticipated to witness significant growth over the forecast period owing to rising cases of burns and trauma across all regions including Middle East & Africa, Latin America and Europe & Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, advanced healthcare infrastructure and high patient awareness levels coupled with the availability of reimbursement facilities are some factors responsible for its growth. In addition, increasing sports injuries and road accidents are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to rising medical tourism in emerging countries such as China, India and Japan among others which has a direct impact on product demand. Furthermore, rapidly improving healthcare infrastructure along with growing patient awareness levels will support regional growth over next eight years.
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 as the population ages, making the market for patch-based wound healing products increasingly lucrative.
- Advances in technology: Patch-based wound healing products are becoming more sophisticated, with new products featuring smart sensors and other innovative technologies. This will help to drive demand for these products in the coming years.
- Growing awareness of benefits: There is growing awareness among consumers and healthcare professionals about the benefits of using patch-based wound healing products over traditional methods such as dressings and bandages. This is helping to drive demand for these products worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Patch Based Wound Healing Product Market Research Report
By Type
Povidone-iodine, Silver, Collagen, Others
By Application
Chronic Wounds, Acute Wounds
By Companies
Smith & Nephew, Mölnlycke Health Care, Coloplast, B. Braun, 3M, ConvaTec, Hartmann Group, Cardinal Health, BSN Medical (Essity), Medline Industries, Smith & Nephew
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Patch Based Wound Healing Product Market Report Segments:
The global Patch Based Wound Healing Product market is segmented on the basis of:
Types
Povidone-iodine, Silver, Collagen, 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
Chronic Wounds, Acute Wounds
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
- Mölnlycke Health Care
- Coloplast
- B. Braun
- 3M
- ConvaTec
- Hartmann Group
- Cardinal Health
- BSN Medical (Essity)
- Medline Industries
- Smith & Nephew
Highlights of The Patch Based Wound Healing Product 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:
- Povidone-iodine
- Silver
- Collagen
- Others
- By Application:
- Chronic Wounds
- Acute Wounds
- 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 Patch Based Wound Healing Product 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Patch-based wound healing products are adhesive bandages that are placed on a wound to help it heal. They come in different sizes and shapes, and can be used on both fresh and dry wounds.
Some of the major players in the patch based wound healing product market are Smith & Nephew, M¶lnlycke Health Care, Coloplast, B. Braun, 3M, ConvaTec, Hartmann Group, Cardinal Health, BSN Medical (Essity), Medline Industries, Smith & Nephew.
The patch based wound healing product market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Patch Based Wound Healing Product 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 Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Size & Forecast, 2018-2028
4.5.1 Patch Based Wound Healing Product Market Size and Y-o-Y Growth
4.5.2 Patch Based Wound Healing Product Market Absolute $ Opportunity
Chapter 5 Global Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Size Forecast by Type
5.2.1 Povidone-iodine
5.2.2 Silver
5.2.3 Collagen
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Size Forecast by Applications
6.2.1 Chronic Wounds
6.2.2 Acute Wounds
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Patch Based Wound Healing Product 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 Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Analysis and Forecast
9.1 Introduction
9.2 North America Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Size Forecast by Type
9.6.1 Povidone-iodine
9.6.2 Silver
9.6.3 Collagen
9.6.4 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 Patch Based Wound Healing Product Market Size Forecast by Applications
9.10.1 Chronic Wounds
9.10.2 Acute Wounds
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 Patch Based Wound Healing Product Analysis and Forecast
10.1 Introduction
10.2 Europe Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Size Forecast by Type
10.6.1 Povidone-iodine
10.6.2 Silver
10.6.3 Collagen
10.6.4 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 Patch Based Wound Healing Product Market Size Forecast by Applications
10.10.1 Chronic Wounds
10.10.2 Acute Wounds
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 Patch Based Wound Healing Product Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Size Forecast by Type
11.6.1 Povidone-iodine
11.6.2 Silver
11.6.3 Collagen
11.6.4 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 Patch Based Wound Healing Product Market Size Forecast by Applications
11.10.1 Chronic Wounds
11.10.2 Acute Wounds
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 Patch Based Wound Healing Product Analysis and Forecast
12.1 Introduction
12.2 Latin America Patch Based Wound Healing Product 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 Patch Based Wound Healing Product Market Size Forecast by Type
12.6.1 Povidone-iodine
12.6.2 Silver
12.6.3 Collagen
12.6.4 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 Patch Based Wound Healing Product Market Size Forecast by Applications
12.10.1 Chronic Wounds
12.10.2 Acute Wounds
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) Patch Based Wound Healing Product Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Patch Based Wound Healing Product 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) Patch Based Wound Healing Product Market Size Forecast by Type
13.6.1 Povidone-iodine
13.6.2 Silver
13.6.3 Collagen
13.6.4 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) Patch Based Wound Healing Product Market Size Forecast by Applications
13.10.1 Chronic Wounds
13.10.2 Acute Wounds
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 Patch Based Wound Healing Product Market: Competitive Dashboard
14.2 Global Patch Based Wound Healing Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Smith & Nephew
14.3.2 Mölnlycke Health Care
14.3.3 Coloplast
14.3.4 B. Braun
14.3.5 3M
14.3.6 ConvaTec
14.3.7 Hartmann Group
14.3.8 Cardinal Health
14.3.9 BSN Medical (Essity)
14.3.10 Medline Industries
14.3.11 Smith & Nephew
