Advanced Wound Care Market: Global Market Demand and Forecast 2027

One of the recent advancements in the advanced wound care market comprises the launch of the CareAccel Growth Acceleration platform by Nepal-based wound care and hyperbaric medicine leader, CutisCare. The platform is a desktop and mobile application that has been developed by keeping in mind the best clinical education best practices.
The technology reportedly offers program directors with the intelligence and data for the identification of healthcare providers that exhibit an inclination towards the treatment of patients having chronic wounds. Additionally, the platform also enables these directors to plan their educational activities more efficiently through real-time entry and reporting, trip planning, and an interactive mapping interface.
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Similar initiatives in the Asia Pacific region are touted to facilitate product penetration in the advanced wound care industry, stimulating revenue expansion over the forthcoming years.
On this note, the global advanced wound care market size is projected to surpass USD 14.4 billion by 2026, cites the latest research by Global Market Insights, Inc.
The increasing number of road accidents on account of reckless driving and alcohol consumption, particularly in the urban areas, have been instrumental in augmenting the demand for wound dressings. Further, alginate wound dressings are also used in the treatment of skin burns and are slated to contribute a lucrative share to the overall advanced wound care market through the assessment span.
The wound dressings segment held an appreciable share of nearly 55 per cent in 2019 and is estimated to exhibit commendable growth through 2026. Wound dressings are classified into anti-microbial dressings, hydrogel dressings, alginate dressings, film dressings, foam dressings, hydrocolloidal dressings, and others.
The Asia Pacific advanced wound care industry accounted for nearly 16 per cent of the overall market revenue in 2019 and is anticipated to register substantial growth over the estimated span. This rise is prominently ascribed to the soaring medical tourism in developing economies including India and Thailand.
Furthermore, an increase in the number of diabetic patients that depict a high risk of the development of chronic wounds is poised to stimulate the demand for advanced wound care products over the ensuing years. A surge in the investment in healthcare infrastructure is also expected to open up avenues for the expansion of the advanced wound care industry through the projected period.
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The escalating adoption of advanced wound therapies at home by the rising geriatric population is likely to fuel the expansion of the homecare settings segment through the anticipated period.
Further, prominent advanced wound care companies have also come forward with numerous wound care products that could be conveniently used by elders without any help. The homecare settings segment is estimated to witness a remarkable CAGR of around 6.5 per cent through 2026.
In essence, an upsurge in the number of surgical procedures at the global level is set to drive the demand for advanced wound care products, positively influencing revenue growth over the forecasted span
Partial Chapter of the Table of Content
Chapter 2   Executive Summary
2.1    Advanced wound care industry 3600 synopsis, 2015 - 2026
2.1.1    Business trends
2.1.2    Product trends
2.1.3    Application trends
2.1.4    End-use trends
2.1.5    Regional trends
Chapter 3   Advanced Wound Care Industry Insights
3.1    Industry segmentation
3.2    Industry landscape, 2015 - 2026
3.3    Industry impact forces
3.3.1    Growth drivers
3.3.1.1    Growing geriatric population base worldwide
3.3.1.2    Increasing incidences of chronic diseases
3.3.1.3    Technological advancement in wound care industry in developed regions
3.3.1.4    Increasing number of surgical procedures
3.3.2    Industry pitfalls and challenges
3.3.2.1    High cost of medical devices
3.4    Regulatory landscape
3.5    COVID-19 impact analysis
3.6    Technology landscape
3.7    Growth potential analysis
3.7.1    By product
3.7.2    By application
3.7.3    By end-use
3.8    Porter’s analysis
3.9    Competitive landscape, 2019
3.9.1    Company market share analysis, 2019
3.10    PESTEL analysis
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