Market Overview:
The global wound management devices market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the wound management devices market can be attributed to factors such as the increasing incidence of chronic wounds, technological advancements in wound care products, and rising demand for minimally invasive procedures. Based on type, the global wound management devices market is segmented into wound closure devices, therapy devices, and other. The therapy devices segment is further sub-segmented into compression therapydevices, negative pressure therapiesdevices, and others (including energy-based therapiesdevicesand topical agents). The compression therapydevice segment is expected to grow at a CAGR of 6.1% from 2018 to 2030 owingto the increasing prevalenceof venous leg ulcers (VLUs) across the globe.
Product Definition:
Wound management devices are medical devices that are used to manage and treat wounds. They include wound dressings, adhesive bandages, and other related products. Wound management devices play an important role in the treatment of wounds by helping to protect them from infection, keeping them clean and moist, and promoting healing.
Wound Closure Devices:
Wound closure devices are used to prevent further damage to a wound by either physically or chemically closing the wound. The primary function of any wound care product is to reduce infection and promote healing. Wound closure devices can be classified into mechanical, biological, and chemical based on their functions which include physical or synthetic skin products like tapes, adhesives, films among others chemical/biological products like hydrogels & collagen sheets among others.
Therapy Devices:
Therapy devices are used for the treatment of chronic wounds, venous leg ulcers, pressure ulcers and diabetic foot. Therapy devices include negative pressure wound therapy (NPWT), hyperbaric oxygen therapy (HBOT), electrical stimulation and laser therapeutics. NPWT is a type of wound care treatment that helps in removing toxins from the body by using negative pressure wound therapy which speeds up the healing process; it also prevents infection development.
Application Insights:
The surgical wounds segment dominated the global wound management devices market in 2017 owing to increasing number of surgeries and rising cases of chronic conditions, such as diabetes, across the globe. According to a study published in The Journal of Wound Care, surgical wounds accounted for approximately 25.0% of total acute wounds and estimated costs were USD 3,173 per incidence in 2015.
Pressure ulcers are expected to be the fastest-growing application segment over the forecast period due to rising geriatric population across countries worldwide coupled with increasing cases of pressure ulcers caused by bed sores or pressure injuries sustained while sleeping on one's back. For instance, according Ulrich Schmidhammer from University Hospital Zurich (UZH), it is estimated that there are more than 200 million people suffering from decubitus ulcers around the world and this number is growing at a rate faster than any other disease including cancer.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to various factors such as increasing road accidents, rising prevalence of chronic diseases, and presence of several key players in this region. In addition, availability of advanced products for closure and management of wounds is also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to growing medical tourism industry in countries such as China and India. In addition, increasing incidence rate of sports injuries is also expected to boost regional product demand during the forecast period. Presence of a large number of local manufacturers coupled with low manufacturing cost compared with developed regions will further fuel growth opportunities for these devices manufacturers in Asia Pacific region over next few years (Source: Mckinsey).
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, and the incidence of diabetes and obesity increases. The increasing prevalence of chronic wounds will create a demand for wound management devices.
- Advances in wound management technology: Wound management technology is constantly evolving, with new devices and treatments being developed all the time. This advancement will create a demand for wound management devices, as healthcare providers strive to keep up with the latest technologies.
- Growing awareness of wound care: More people are becoming aware of the importance of proper wound care, and are seeking out information on how to best treat their own or loved ones’ wounds. This growing awareness will create a demand for wound management devices that can help improve healing outcomes..
Scope Of The Report
Report Attributes
Report Details
Report Title
Wound Management Devices Market Research Report
By Type
Wound Closure Devices, Therapy Devices, Other
By Application
Surgical Wounds, Pressure Ulcers, Diabetic Foot Ulcers, Burns, Other
By Companies
Smith & Nephew plc, Molnlycke Health Care AB, Medtronic plc, 3M Company, Johnson & Johnson, Hollister Inc., Derma Sciences Inc., ConvaTec Group plc, Coloplast A/S
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Wound Management Devices Market Report Segments:
The global Wound Management Devices market is segmented on the basis of:
Types
Wound Closure Devices, Therapy Devices, Other
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
Surgical Wounds, Pressure Ulcers, Diabetic Foot Ulcers, Burns, 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:
- Smith & Nephew plc
- Molnlycke Health Care AB
- Medtronic plc
- 3M Company
- Johnson & Johnson
- Hollister Inc.
- Derma Sciences Inc.
- ConvaTec Group plc
- Coloplast A/S
Highlights of The Wound Management 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:
- Wound Closure Devices
- Therapy Devices
- Other
- By Application:
- Surgical Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Burns
- 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 Wound Management 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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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?
Wound management devices are medical devices that help to manage wounds. They can include dressings, bandages, and other types of treatments.
Some of the major companies in the wound management devices market are Smith & Nephew plc, Molnlycke Health Care AB, Medtronic plc, 3M Company, Johnson & Johnson, Hollister Inc., Derma Sciences Inc., ConvaTec Group plc, Coloplast A/S.
The wound management devices market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wound Management 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 Wound Management Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wound Management 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 Wound Management 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 Wound Management Devices Market Size & Forecast, 2018-2028
4.5.1 Wound Management Devices Market Size and Y-o-Y Growth
4.5.2 Wound Management Devices Market Absolute $ Opportunity
Chapter 5 Global Wound Management Devices 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 Wound Management Devices Market Size Forecast by Type
5.2.1 Wound Closure Devices
5.2.2 Therapy Devices
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wound Management Devices 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 Wound Management Devices Market Size Forecast by Applications
6.2.1 Surgical Wounds
6.2.2 Pressure Ulcers
6.2.3 Diabetic Foot Ulcers
6.2.4 Burns
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wound Management 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 Wound Management 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 Wound Management Devices Analysis and Forecast
9.1 Introduction
9.2 North America Wound Management Devices 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 Wound Management Devices Market Size Forecast by Type
9.6.1 Wound Closure Devices
9.6.2 Therapy Devices
9.6.3 Other
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 Wound Management Devices Market Size Forecast by Applications
9.10.1 Surgical Wounds
9.10.2 Pressure Ulcers
9.10.3 Diabetic Foot Ulcers
9.10.4 Burns
9.10.5 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 Wound Management Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Wound Management Devices 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 Wound Management Devices Market Size Forecast by Type
10.6.1 Wound Closure Devices
10.6.2 Therapy Devices
10.6.3 Other
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 Wound Management Devices Market Size Forecast by Applications
10.10.1 Surgical Wounds
10.10.2 Pressure Ulcers
10.10.3 Diabetic Foot Ulcers
10.10.4 Burns
10.10.5 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 Wound Management Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wound Management Devices 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 Wound Management Devices Market Size Forecast by Type
11.6.1 Wound Closure Devices
11.6.2 Therapy Devices
11.6.3 Other
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 Wound Management Devices Market Size Forecast by Applications
11.10.1 Surgical Wounds
11.10.2 Pressure Ulcers
11.10.3 Diabetic Foot Ulcers
11.10.4 Burns
11.10.5 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 Wound Management Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Wound Management Devices 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 Wound Management Devices Market Size Forecast by Type
12.6.1 Wound Closure Devices
12.6.2 Therapy Devices
12.6.3 Other
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 Wound Management Devices Market Size Forecast by Applications
12.10.1 Surgical Wounds
12.10.2 Pressure Ulcers
12.10.3 Diabetic Foot Ulcers
12.10.4 Burns
12.10.5 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) Wound Management Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wound Management Devices 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) Wound Management Devices Market Size Forecast by Type
13.6.1 Wound Closure Devices
13.6.2 Therapy Devices
13.6.3 Other
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) Wound Management Devices Market Size Forecast by Applications
13.10.1 Surgical Wounds
13.10.2 Pressure Ulcers
13.10.3 Diabetic Foot Ulcers
13.10.4 Burns
13.10.5 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 Wound Management Devices Market: Competitive Dashboard
14.2 Global Wound Management Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Smith & Nephew plc
14.3.2 Molnlycke Health Care AB
14.3.3 Medtronic plc
14.3.4 3M Company
14.3.5 Johnson & Johnson
14.3.6 Hollister Inc.
14.3.7 Derma Sciences Inc.
14.3.8 ConvaTec Group plc
14.3.9 Coloplast A/S
