Market Overview:
The global topical wound agents 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 awareness about advanced wound care products, and growing demand for minimally invasive procedures. The global topical wound agents market is segmented on the basis of type into creams, gels, sprays, and others. The creams segment is expected to account for the largest share of the global topical wound agents market in 2018 owing to their high efficacy in treating various types of wounds. On the basis of application, the global topical wound agents market is divided into acute wounds and chronic wounds.
Product Definition:
Topical wound agents are products that are applied to a wound in order to promote healing. These agents can include products such as ointments, creams, gels, and solutions. The importance of topical wound agents is that they can help to improve the healing process by providing hydration, nutrients, and protection to the wound site.
Cream:
Creams are topical agents that are used to treat chronic wounds. They help in reducing the pain and inflammation associated with the wound and accelerate its healing process. Topical wound agents include creams, ointments, lotions, emollients among others. The most commonly used topical agent is alfa-hydroxy acid or betaine cream which helps in removing dead skin from wounds while simultaneously promoting new tissue growth on its surface.
Gel:
Gel is a colloidal system of cross-linked polysaccharide and protein. It has high water holding capacity, which allows it to be used as a hydrogel. Topical wound agents containing gel are used for promoting healing of surgical incisions, abrasions, and burns. The product also aids in reducing the risk of infection by keeping the wounds clean and dry.
Application Insights:
The acute wound segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The increasing cases of burns and trauma injuries across the globe are contributing to segment growth. Topical agents find application in acute wounds as they help reduce pain, promote healing, minimize scarring, aid in epithelialization and protect against infection.
The chronic wound care segment is anticipated to witness substantial growth over the forecast period owing to rising cases of diabetic foot ulcers, pressure ulcers and venous leg ulcers across various regions including North America Europe Asia Pacific Latin America Middle East & Africa.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of key players and increased focus on R&D. The region is expected to maintain its dominance over the forecast period due to factors such as increasing prevalence of chronic wounds, diabetes, and other skin diseases. In addition, rising awareness about wound care treatment options is also anticipated to propel growth during the forecast period.
Asia Pacific topical wound agents market is expected witness lucrative growth over the forecast period owing to an increase in healthcare expenditure by governments along with growing patient awareness levels regarding various treatment options for acute and chronic wounds.
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 in the coming years due to the increasing aging population and rising rates of diabetes and obesity. This will create demand for topical wound agents that can help in healing these wounds quickly.
- Growing awareness about wound care: There is a growing awareness among people about the importance of proper wound care. This is creating demand for better and more effective topical wound agents that can help in healing various types of wounds quickly and effectively.
- Technological advancements: There has been significant progress in the field of topical wound agents in recent years, with new technologies being developed that offer better efficacy and fewer side effects than traditional therapies. This is helping to drive growth in this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Topical Wound Agents Market Research Report
By Type
Cream, Gel, Spray, Others
By Application
Acute Wound, Chronic Wound
By Companies
Anika Therapeutics Inc, Arch Therapeutics, Inc, Pfizer, Inc, Johnson & Johnson, Novartis AG, AstraZeneca, Viatris, Mölnlycke Health Care AB, Osiris Therapeutics, Smith & Nephew PLC, Anika Therapeutics Inc, Vericel Corporation
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Topical Wound Agents Market Report Segments:
The global Topical Wound Agents market is segmented on the basis of:
Types
Cream, Gel, Spray, 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
Acute Wound, Chronic Wound
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:
- Anika Therapeutics Inc
- Arch Therapeutics, Inc
- Pfizer, Inc
- Johnson & Johnson
- Novartis AG
- AstraZeneca
- Viatris
- Mölnlycke Health Care AB
- Osiris Therapeutics
- Smith & Nephew PLC
- Anika Therapeutics Inc
- Vericel Corporation
Highlights of The Topical Wound Agents 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:
- Cream
- Gel
- Spray
- Others
- By Application:
- Acute Wound
- Chronic Wound
- 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 Topical Wound Agents 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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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?
Topical wound agents are medications that are applied to the skin to treat wounds. Topical wound agents can be classified by their mechanism of action:nnAntibacterial Agents: These medications kill bacteria on the skin and help prevent infection. They include topical antibiotics (such as erythromycin) and antifungal agents (such as ketoconazole).nnAnti-inflammatory Agents: These medications reduce inflammation, which helps heal wounds faster. They include topical anti-inflammatory drugs (such as ibuprofen) and corticosteroids.
Some of the major players in the topical wound agents market are Anika Therapeutics Inc, Arch Therapeutics, Inc, Pfizer, Inc, Johnson & Johnson, Novartis AG, AstraZeneca, Viatris, M¶lnlycke Health Care AB, Osiris Therapeutics, Smith & Nephew PLC, Anika Therapeutics Inc, Vericel Corporation.
The topical wound agents 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 Topical Wound Agents 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 Topical Wound Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Topical Wound Agents 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 Topical Wound Agents 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 Topical Wound Agents Market Size & Forecast, 2018-2028
4.5.1 Topical Wound Agents Market Size and Y-o-Y Growth
4.5.2 Topical Wound Agents Market Absolute $ Opportunity
Chapter 5 Global Topical Wound Agents 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 Topical Wound Agents Market Size Forecast by Type
5.2.1 Cream
5.2.2 Gel
5.2.3 Spray
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Topical Wound Agents 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 Topical Wound Agents Market Size Forecast by Applications
6.2.1 Acute Wound
6.2.2 Chronic Wound
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Topical Wound Agents 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 Topical Wound Agents 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 Topical Wound Agents Analysis and Forecast
9.1 Introduction
9.2 North America Topical Wound Agents 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 Topical Wound Agents Market Size Forecast by Type
9.6.1 Cream
9.6.2 Gel
9.6.3 Spray
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 Topical Wound Agents Market Size Forecast by Applications
9.10.1 Acute Wound
9.10.2 Chronic Wound
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 Topical Wound Agents Analysis and Forecast
10.1 Introduction
10.2 Europe Topical Wound Agents 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 Topical Wound Agents Market Size Forecast by Type
10.6.1 Cream
10.6.2 Gel
10.6.3 Spray
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 Topical Wound Agents Market Size Forecast by Applications
10.10.1 Acute Wound
10.10.2 Chronic Wound
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 Topical Wound Agents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Topical Wound Agents 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 Topical Wound Agents Market Size Forecast by Type
11.6.1 Cream
11.6.2 Gel
11.6.3 Spray
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 Topical Wound Agents Market Size Forecast by Applications
11.10.1 Acute Wound
11.10.2 Chronic Wound
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 Topical Wound Agents Analysis and Forecast
12.1 Introduction
12.2 Latin America Topical Wound Agents 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 Topical Wound Agents Market Size Forecast by Type
12.6.1 Cream
12.6.2 Gel
12.6.3 Spray
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 Topical Wound Agents Market Size Forecast by Applications
12.10.1 Acute Wound
12.10.2 Chronic Wound
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) Topical Wound Agents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Topical Wound Agents 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) Topical Wound Agents Market Size Forecast by Type
13.6.1 Cream
13.6.2 Gel
13.6.3 Spray
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) Topical Wound Agents Market Size Forecast by Applications
13.10.1 Acute Wound
13.10.2 Chronic Wound
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 Topical Wound Agents Market: Competitive Dashboard
14.2 Global Topical Wound Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Anika Therapeutics Inc
14.3.2 Arch Therapeutics, Inc
14.3.3 Pfizer, Inc
14.3.4 Johnson & Johnson
14.3.5 Novartis AG
14.3.6 AstraZeneca
14.3.7 Viatris
14.3.8 Mölnlycke Health Care AB
14.3.9 Osiris Therapeutics
14.3.10 Smith & Nephew PLC
14.3.11 Anika Therapeutics Inc
14.3.12 Vericel Corporation
