Speak directly to the analyst to clarify any post sales queries you may have.
Lack of awareness among the nurses to handle wound care patients is one of the major limitations. The adoption of advanced products is not faster in Asian countries. The high cost of the products and lack of insurance coverage for most of the products in the market are impacting the market negatively. There are not many specialized wounds care clinics in Asian countries. Primary healthcare clinics handle the wound care patients and large hospitals do conduct complex surgeries.
MARKET DEFINITION
Wound care helps to treat/heal several types of acute injuries such as burns, bruises, surgical incisions, and chronic wounds, including diabetic foot ulcers, pressure ulcers, and venous ulcers. Wound care consists of products and devices that include bandages, gauze, dressings, cleansers, wound therapy devices, pads, and skin grafts. Wound care management depends on the severity of the wound - acute or chronic.KEY HIGHLIGHTS:
- The demand for the advanced wound care segments in the market is high and it constitutes for major share in the products segment. It is expected to grow with incremental growth of more than $1.5 billion.
- The hospitals are the major end-users of wound care products and constitute for major market share. Slowly there is an increase in the number of hospitals treating complex wounds. This will further increase the demand for the wound care products.
- China has made progress in 2019 in the wound care market. This country which is one of the largest markets in the APAC region is trying to make wound care an independent segment, by increasing separate wound care hospitals.
- Acute wounds are increasing in the APAC countries. The number of surgeries performed in the APAC countries are increasing due to the increasing access to the hospitals and increasing number of surgeries.
- Lack of training among the wound care specialists and nurses treating wounds are one of the major limitations for the market growth. Regulation to launch the wound care product is high, the companies must undergo multiple sets of evaluations in different countries.
VENDORS LIST
Key Vendors
- Johnson& Johnson (Ethicon)
- 3M
- Medtronic
- Smith + Nephew
Other Prominent Vendors
- Axio Biosolutions
- CHANGZHOU HAIDA MEDICAL EQUIPMENT
- Cryolife
- Frankenman
- GPC Medical
- Molnylycke
- Orion Sutures
- Reach Surgicals
- Sutures India
- Triage Meditech
- Waston Medical Appliance
REPORT HIGHLIGHTS
SEGMENTATION & FORECAST
- Product
- Advanced Wound care
- Sutures & Stapling Device
- Traditional Wound Care Products
- Haemostat & Surgical Sealants
- End-User
- Hospitals
- Long-Term Care Facilities
- Home Healthcare
- Others
- Wound Type
- Acute Wound
- Chronic Wound
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape
- Key Vendors
- Other Prominent Vendors
- Strategic Recommendations
- Quantitative Summary
- Abbreviations
Table of Contents
Companies Mentioned
- Johnson& Johnson (Ethicon)
- 3M
- Medtronic
- Smith + Nephew
- Axio Biosolutions
- CHANGZHOU HAIDA MEDICAL EQUIPMENT
- Cryolife
- Frankenman
- GPC Medical
- Molnylycke
- Orion Sutures
- Reach Surgicals
- Sutures India
- Triage Meditech
- Waston Medical Appliance
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 82 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 7.55 Billion |
| Forecasted Market Value ( USD | $ 12.66 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 15 |
