The South East Asia advanced wound care market size is expected to reach USD 353.78 million by 2030. The market is expected to expand at a CAGR of 6.11% from 2023 to 2030. The increasing number of people suffering from chronic wounds, a rise in technologically advanced wound care, and rising cases of traumatic accidents are expected to be the key driving factors for the market growth.
There has been an increase in the number of people suffering from chronic disorders such as diabetes, as a result, the number of people suffering from diabetic foot ulcers is increasing. For instance, as per American Diabetes Association, the estimated national prevalence of diabetes in Thailand was calculated to be 9.6% of the population, i.e., around 2.4 million people. Similarly, according to PLOS, diabetes is estimated to affect around 7 million Malaysian by 2025. Thus, the rise in diabetes is anticipated to increase the number of diabetic foot ulcer patients, thereby increasing the demand for advanced wound care products, hence impelling the South East Asia advanced wound care market during the forecast period.
Moreover, the rising geriatric population is among the major factors driving the market growth. For instance, according to Ageing Asia, in Indonesia, the number of people aged 60 and above was 27,524,000 in 2019, which is anticipated to increase by 153.56% and reach 69,792,000 in 2050, accounting for 21.1% of the total population. Older people are more susceptible and prone to injury, which may lead to an increase in the incidence of chronic wounds, eventually increasing the demand for advanced wound care.
The outbreak of COVID-19 resulted in a region-wide lockdown, as a result, the growth of the advanced wound care market was restricted to a certain extent. However, the South East Asia advanced wound care industry is projected to witness a significant growth rate during the post-pandemic period. This can be attributed to various strategies such as product launches, partnerships, and geographic expansion used by leading market players.
For instance, in October 2021, NUS researchers developed a smart bandage for chronic wound management. The technology can detect and analyze wound biomarkers within 15 minutes. Thus, as a result of the aforementioned factors, the advanced wound care market in South East Asia is expected to witness significant growth during the post-pandemic period the regional growth.
There has been an increase in the number of people suffering from chronic disorders such as diabetes, as a result, the number of people suffering from diabetic foot ulcers is increasing. For instance, as per American Diabetes Association, the estimated national prevalence of diabetes in Thailand was calculated to be 9.6% of the population, i.e., around 2.4 million people. Similarly, according to PLOS, diabetes is estimated to affect around 7 million Malaysian by 2025. Thus, the rise in diabetes is anticipated to increase the number of diabetic foot ulcer patients, thereby increasing the demand for advanced wound care products, hence impelling the South East Asia advanced wound care market during the forecast period.
Moreover, the rising geriatric population is among the major factors driving the market growth. For instance, according to Ageing Asia, in Indonesia, the number of people aged 60 and above was 27,524,000 in 2019, which is anticipated to increase by 153.56% and reach 69,792,000 in 2050, accounting for 21.1% of the total population. Older people are more susceptible and prone to injury, which may lead to an increase in the incidence of chronic wounds, eventually increasing the demand for advanced wound care.
The outbreak of COVID-19 resulted in a region-wide lockdown, as a result, the growth of the advanced wound care market was restricted to a certain extent. However, the South East Asia advanced wound care industry is projected to witness a significant growth rate during the post-pandemic period. This can be attributed to various strategies such as product launches, partnerships, and geographic expansion used by leading market players.
For instance, in October 2021, NUS researchers developed a smart bandage for chronic wound management. The technology can detect and analyze wound biomarkers within 15 minutes. Thus, as a result of the aforementioned factors, the advanced wound care market in South East Asia is expected to witness significant growth during the post-pandemic period the regional growth.
South East Asia Advanced Wound Care Market Report Highlights
- Based on product, the moist wound care segment dominated with a revenue share of 59.1% in 2022. The antimicrobial wound care segment is and is projected to witness the fastest CAGR of 6.65% over the forecast period
- Based on application, the chronic wounds segment dominated the industry, whereas, acute wound care is anticipated to witness the fastest CAGR of 6.2% over the forecast period
- Based on end-use, the hospital segments dominated with a revenue share of 45.3% in 2022. The home healthcare segment is expected to witness the fastest CAGR of 6.6% over the forecast period
- Philippines is dominated with a revenue share of 19.8% in 2022. Singapore is projected to witness the fastest CAGR over the forecast period, attributed to the rising geriatric population and increase in the number of people suffering from diabetes
Table of Contents
Chapter 1 Methodology And Scope1.1 Market Segmentation And Scope
1.1.1 Product
1.1.2 Application
1.1.3 End-Use
1.1.4 Country Scope
1.1.5 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis (Model 2)
1.6.2.1 Approach 2: Volume Price Analysis
1.7 List Of Secondary Sources
1.8 List Of Primary Sources
1.9 List Of Abbreviations
1.10 Objectives
1.10.1 Objective 1
1.10.2 Objective 2
1.10.3 Objective 3
1.10.4 Objective 4
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 South East Asia Advanced Wound Care Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 User Perspective Analysis
3.3.1 Consumer Behavior Analysis
3.3.2 Market Influencer Analysis
3.4 List Of Key End-Users
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing Prevalence Of Chronic Diseases And Conditions Affecting Wound Healing Capabilities
3.5.1.2 Introduction Of Innovative And Advanced Wound Products
3.5.1.3 Rising Geriatric Population
3.5.1.4 Increasing Number Of Road Accidents, Trauma Cases, And Burns
3.5.2 Market Restraints Analysis
3.5.2.1 Delayed Diagnosis And Lower Treatment Rate In Emerging Countries
3.5.2.3 High Cost Of Advanced Wound Care Products And Chronic Wound Treatment
3.5.3 Market Opportunity Analysis
3.5.3.1 Increasing Demand For Alginate Dressings
3.5.3.3 Growing Medical Tourism
3.5.4 Market Challenge Analysis
3.5.4.1 Low Healthcare Expenditure In A Few Countries Of South East Asia
3.6 South East Asia Advanced Wound Care Market: Market Analysis Tools
3.6.1 Industry Analysis - Porter’s
3.6.2 Swot Analysis, By Pest
3.7 Impact Of COVID-19 On Market
Chapter 4 South East Asia Advanced Wound Care Market: Segment Analysis, By Product, 2018 - 2030 (USD Million)
4.1 Definition And Scope
4.2 Product Market Share Analysis, 2022 & 2030
4.3 Segment Dashboard
4.4 South East Asia Advanced Wound Care Market, By Product, 2018 To 2030
4.5 Market Size & Forecasts And Trend Analysis, 2018 To 2030
4.5.1 Moist Wound Care
4.5.1.1 Moist Wound Care Market, 2018 - 2030 (USD Million)
4.5.1.1.1 Foam Dressing Market, 2018 - 2030 (USD Million)
4.5.1.1.2 Hydrocolloid Dressing Market, 2018 - 2030 (USD Million)
4.5.1.1.3 Film Dressing Market, 2018 - 2030 (USD Million)
4.5.1.1.4 Alginate Dressing Market, 2018 - 2030 (USD Million)
4.5.1.1.5 Hydrogel Dressing Market, 2018 - 2030 (USD Million)
4.5.1.1.6 Collagen Dressing Market, 2018 - 2030 (USD Million)
4.5.1.1.7 Other Advanced Dressing Market, 2018 - 2030 (USD Million)
4.5.2 Antimicrobial Wound Care
4.5.2.1 Antimicrobial Wound Care Market, 2018 - 2030 (USD Million)
4.5.2.1.1 Silver Dressing Market, 2018 - 2030 (USD Million)
4.5.2.1.2 Non-Silver Dressing Market, 2018 - 2030 (USD Million)
4.5.3 Active Wound Care
4.5.2.1 Active Wound Care Market, 2018 - 2030 (USD Million)
4.5.2.1.1 Biomaterials Market, 2018 - 2030 (USD Million)
4.5.2.1.2 Skin-Substitute Market, 2018 - 2030 (USD Million)
Chapter 5 South East Asia Advanced Wound Care Market: Segment Analysis, By Application, 2018 - 2030 (USD Million)
5.1 Definition And Scope
5.2 Application Market Share Analysis, 2022 & 2030
5.3 Segment Dashboard
5.4 South East Asia Advanced Wound Care Market, By Application, 2018 To 2030
5.5 Market Size & Forecasts And Trend Analysis, 2018 To 2030
5.5.1 Chronic Wounds
5.5.1.1 Chronic Wounds Market, 2018 - 2030 (USD Million)
5.5.1.1.1 Diabetic Foot Ulcers Market, 2018 - 2030 (USD Million)
5.5.1.1.2 Pressure Ulcers Market, 2018 - 2030 (USD Million)
5.5.1.1.3 Venous Leg Ulcers Market, 2018 - 2030 (USD Million)
5.5.1.1.4 Other Chronic Wounds Market, 2018 - 2030 (USD Million)
5.5.2 Acute Wounds
5.5.2.1 Acute Wounds Market, 2018 - 2030 (USD Million)
5.5.2.1.1 Surgical And Traumatic Wounds Market, 2018 - 2030 (USD Million)
5.5.2.1.2 Burns Market, 2018 - 2030 (USD Million)
Chapter 6 South East Asia Advanced Wound Care Market: Segment Analysis, By End-Use, 2018 - 2030 (USD Million)
6.1 Definition And Scope
6.2 End-Use Market Share Analysis, 2022 & 2030
6.3 Segment Dashboard
6.4 End-Use Market, By End-Use, 2018 To 2030
6.5 Market Size & Forecasts And Trend Analysis, 2018 To 2030
6.5.1 Hospitals
6.5.1.1 Hospitals Market, 2018 - 2030 (USD Million)
6.5.2 Specialty Clinics
6.5.2.1 Specialty Clinics Market, 2018 - 2030 (USD Million)
6.5.3 Home Healthcare
6.5.3.1 Home Healthcare South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
6.5.4 Others
6.5.4.1 Others South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
Chapter 7 South East Asia Advanced Wound Care Market: Regional Market Analysis, By Product, By Application, By End-Use, 2018 - 2030 (USD Million)
7.1 Definition & Scope
7.2 Regional Market Share Analysis, 2022 & 2030
7.3 Regional Market Dashboard
7.4 Regional Market Snapshot
7.5 Market Size, & Forecasts, Volume And Trend Analysis, 2022 To 2030
7.6 South East Asia
7.6.1 South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
7.6.2 Singapore
7.6.2.1 Singapore South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
7.6.3 Philippines
7.6.3.1 Philippines South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
7.6.4 Thailand
7.6.4.1 Thailand South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
7.6.5 Malaysia
7.6.5.1 Malaysia South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
7.6.6 Indonesia
7.6.6.1 Indonesia South East Asia Advanced Wound Care Market, 2018 - 2030 (USD Million)
Chapter 8 South East Asia Advanced Wound Care Market - Competitive Analysis
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company Categorization
8.2.1 Innovators
8.2.2 Market Leaders
8.3 Vendor Landscape
8.3.1 Key Company Market Share Analysis, 2021
8.3.2 Major Deals And Strategic Alliances
8.3.2.1 New Product Launch
8.3.2.2 Expansion
8.3.2.3 Acquisition
8.3.3 Market Entry Strategies
8.4 Company Profiles
8.4.1 SMITH & NEPHEW
8.4.1.1 Company Overview
8.4.1.2 Financial Performance
8.4.1.3 Product Benchmarking
8.4.1.4 Strategic Initiatives
8.4.2 MOLNLYCKE HEALTH CARE AB
8.4.2.1 Company Overview
8.4.2.2 Financial Performance
8.4.2.3 Product Benchmarking
8.4.2.4 Strategic Initiatives
8.4.3 CONVATEC GROUP PLC
8.4.3.1 Company Overview
8.4.3.2 Financial Performance
8.4.3.3 Product Benchmarking
8.4.3.4 Strategic Initiatives
8.4.4 BAXTER INTERNATIONAL
8.4.4.1 Company Overview
8.4.4.2 Financial Performance
8.4.4.3 Product Benchmarking
8.4.4.4 Strategic Initiatives
8.4.5 URGO
8.4.5.1 Company Overview
8.4.5.2 Financial Performance
8.4.5.3 Product Benchmarking
8.4.5.4 Strategic Initiatives
8.4.6 COLOPLAST CORP.
8.4.6.1 Company Overview
8.4.6.2 Financial Performance
8.4.6.3 Product Benchmarking
8.4.6.4 Strategic Initiatives
8.4.7 MEDTRONIC
8.4.7.1 Company Overview
8.4.7.2 Financial Performance
8.4.7.3 Product Benchmarking
8.4.7.4 Strategic Initiatives
8.4.8 3M
8.4.8.1 Company Overview
8.4.8.2 Financial Performance
8.4.8.3 Product Benchmarking
8.4.8.4 Strategic Initiatives
8.4.9 DERMA SCIENCES (INTEGRA LIFESCIENCES)
8.4.9.1 Company Overview
8.4.9.2 Financial Performance
8.4.9.3 Product Benchmarking
8.4.9.4 Strategic Initiatives
8.4.10 MEDLINE INDUSTRIES
8.4.10.1 Company Overview
8.4.10.2 Financial Performance
8.4.10.3 Product Benchmarking
8.4.10.4 Strategic Initiatives
List of Tables
Table 1. List of secondary sources
Table 2. List of abbreviation
Table 3. South East Asia advanced wound care market, by country, 2018 - 2030 (USD Million)
Table 4. South East Asia advanced wound care market, by product, 2018 - 2030 (USD Million)
Table 5. South East Asia advanced wound care market, by application, 2018 - 2030 (USD Million)
Table 6. South East Asia advanced wound care market, by end-use, 2018 - 2030 (USD Million)
Table 7. Singapore advanced wound care market, by product, 2018 - 2030 (USD Million)
Table 8. Singapore advanced wound care market, by application, 2018 - 2030 (USD Million)
Table 9. Singapore advanced wound care market, by end-use, 2018 - 2030 (USD Million)
Table 10. Philippines advanced wound care market, by product, 2018 - 2030 (USD Million)
Table 11. Philippines advanced wound care market, by application, 2018 - 2030 (USD Million)
Table 12. Philippines advanced wound care market, by end-use, 2018 - 2030 (USD Million)
Table 13. Thailand advanced wound care market, by product, 2018 - 2030 (USD Million)
Table 14. Thailand advanced wound care market, by application, 2018 - 2030 (USD Million)
Table 15. Thailand advanced wound care market, by end-use, 2018 - 2030 (USD Million)
Table 16. Malaysia advanced wound care market, by product, 2018 - 2030 (USD Million)
Table 17. Malaysia advanced wound care market, by application, 2018 - 2030 (USD Million)
Table 18. Malaysia advanced wound care market, by end-use, 2018 - 2030 (USD Million)
Table 19. Indonesia advanced wound care market, by product, 2018 - 2030 (USD Million)
Table 20. Indonesia advanced wound care market, by application, 2018 - 2030 (USD Million)
Table 21. Indonesia advanced wound care market, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 South East Asia advanced wound care market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market outlook (2022)
Fig. 10 Segment outlook
Fig. 11 Strategy framework
Fig. 12 Penetration & growth prospect mapping
Fig. 13 Consumer behavior analysis
Fig. 14 Market driver relevance analysis (Current & future impact)
Fig. 15 Market restraint relevance analysis (Current & future impact)
Fig. 16 Porter’s five forces analysis
Fig. 17 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 18 South East Asia advanced wound care market: Product movement analysis
Fig. 19 Segment dashboard
Fig. 20 South East Asia advanced wound care market, product outlook: Key takeaways
Fig. 21 Moist wound care market, 2018 - 2030 (USD Million)
Fig. 22 Foam dressing market, 2018 - 2030 (USD Million)
Fig. 23 Hydrocolloid dressing market, 2018 - 2030 (USD Million)
Fig. 24 Film dressing market, 2018 - 2030 (USD Million)
Fig. 25 Alginate dressing market, 2018 - 2030 (USD Million)
Fig. 26 Hydrogel dressing market, 2018 - 2030 (USD Million)
Fig. 27 Collagen dressing market, 2018 - 2030 (USD Million)
Fig. 28 Other advanced dressing market, 2018 - 2030 (USD Million)
Fig. 29 Antimicrobial wound care market, 2018 - 2030 (USD Million)
Fig. 30 Silver dressing market, 2018 - 2030 (USD Million)
Fig. 31 Non-silver dressing market, 2018 - 2030 (USD Million)
Fig. 32 Active wound care market, 2018 - 2030 (USD Million)
Fig. 33 Biomaterials market, 2018 - 2030 (USD Million)
Fig. 34 Skin-substitutes market, 2018 - 2030 (USD Million)
Fig. 35 South East Asia advanced wound care market, application outlook: Key takeaways
Fig. 36 Chronic wounds market, 2018 - 2030 (USD Million)
Fig. 37 Diabetic foot ulcers market, 2018 - 2030 (USD Million)
Fig. 38 Pressure ulcers market, 2018 - 2030 (USD Million)
Fig. 39 Venous-leg ulcers market, 2018 - 2030 (USD Million)
Fig. 40 Other chronic wounds market, 2018 - 2030 (USD Million)
Fig. 41 Acute wounds market, 2018 - 2030 (USD Million)
Fig. 42 Surgical and traumatic wounds market, 2018 - 2030 (USD Million)
Fig. 43 Burns market, 2018 - 2030 (USD Million)
Fig. 44 South East Asia advanced wound care market: End-use movement analysis
Fig. 45 Segment dashboard
Fig. 46 South East Asia advanced wound care market, end-use outlook: Key takeaways
Fig. 47 Hospitals market, 2018 - 2030 (USD Million)
Fig. 48 Specialty clinics market, 2018 - 2030 (USD Million)
Fig. 49 Home healthcare market, 2018 - 2030 (USD Million)
Fig. 50 Others market, 2018 - 2030 (USD Million)
Fig. 51 Regional outlook, 2022 & 2030
Fig. 52 Regional market dashboard
Fig. 53 Regional marketplace: Key takeaways
Fig. 54 South East Asia advanced wound care market, 2018 - 2030 (USD Million)
Fig. 55 Singapore advanced wound care market, 2018 - 2030 (USD Million)
Fig. 56 Philippines advanced wound care market, 2018 - 2030 (USD Million)
Fig. 57 Thailand advanced wound care market, 2018 - 2030 (USD Million)
Fig. 58 Malaysia advanced wound care market, 2018 - 2030 (USD Million)
Fig. 59 Indonesia advanced wound care market, 2018 - 2030 (USD Million)
Fig. 60 Rest of South East Asia advanced wound care market, 2018 - 2030 (USD Million)
Fig. 61 Company market share analysis, 2021
Fig. 62 Market differentiators
Fig. 63 Regional network map
Companies Mentioned
- SMITH & NEPHEW
- MOLNLYCKE HEALTH CARE AB
- CONVATEC GROUP PLC
- BAXTER INTERNATIONAL
- URGO
- COLOPLAST CORP.
- MEDTRONIC
- 3M
- DERMA SCIENCES (INTEGRA LIFESCIENCES)
- MEDLINE INDUSTRIES
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | January 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 233.51 Million |
| Forecasted Market Value ( USD | $ 353.78 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 10 |
