Market Analysis - Wound Care Congress 2020
Market Scenario: Development of Wound care market analysis in the assessment and monitoring the health of wound care communities to identify health issues and areas of growth on a global wound care market in the segmented geographical scales like USA, Europe, Middle East and Asia Pacific
USA: Global wound care market in USA was valued at $ 684.05 billion in 2015 and is expected to reach $ 1,101 billion by 2023, at over 6.2% CAGR.
Europe: The surgical wound care market in Europe is projected to reach $ 850 billion by 2021, at a CAGR of 5.90%.
Middle East: Global wound care market in the United Arab Emirates has witnessed 9% value growth recorded in 2018 was a better performance than the 7% value CAGR witnessed over 2017.
Asia Pacific: The Asian global bioactive wound management market is expected to grow at a CAGR of 13.85% during the period 2016 to 2020.
Segments: Wound care market segments are classified based on the Product Type, Application, by end user and by geography:
This market research report analyzes the following geographies:
- North America
- Asia Pacific
- Rest of the World
Regional Analysis of Wound Care Market:
Globally North America is the largest market for Wound Care, large share of this market is focused on the Enhancement of diabetes mellitus and obesity in people around the world. The North American market for Wound Care is expected to grow at a CAGR of 6.7% and is expected to reach at USD 14.9 Billion by the end of the forecasted period. Europe is the second-largest market for Wound Care & Wound healing, which is expected to grow at a CAGR of 7.2%.
Key Players for Wound Care Market: 3M Company (U.S.), Baxter International, Inc. (U.S.), Coloplast A/S (Denmark.), Convatec Healthcare B.S.A.R.L (U.S.), Covidien PLC (Ireland), Derma Sciences, Inc. (U.S.), Ethicon, Inc. (U.S.), Hollister, Inc. (U.S.), Ethicon, Inc. (U.S.), Acelity L.P/ (U.S.), Mölnlycke Health Care (Sweden), Smith & Nephew (U.K), Dealmed Medical Supplies LLC (U.S.), Safetec of America, Inc. (U.S.), Care-Tech Laboratories Inc (U.S.), Medex Supply Distributors Inc. (U.S.), American Healthcare Products, Inc. (U.S.), Apollo Safety, Inc. (U.S.), Robinson Healthcare Limited (U.K), Systagenix Wound Management, Limited (U.K), HemCon Medical Technologies Europe, Ltd. (U.K), Advanced Protein Systems Ltd. (U.K), Robinson Healthcare Limited (U.K), Advanced Medical Solutions Group plc (U.K), Avita Medical Limited (U.K), Rikco International, LLC (U.S.), Eucare Pharmaceuticals (U.S.), Systagenix Wound Management Limited (U.K), HemCon Medical Technologies Europe, Ltd. (U.S.), Johnson & Johnson (U.S), Molnlycke Health Care (U.S), Shandong Wego Newlife Medical Device (U.S).
Advanced Wound Care Market (AWC Market) was valued at $7,117 million, and is expected to reach $12,454 million by 2022, supported by a CAGR of 8.6%. Advanced wound care products and traditional wound care products are used to treat acute and chronic wounds. Chronic wounds take considerable time to heal and are expensive to treat. Due to its high cost, advanced wound care has emerged as a standard solution for treating chronic wounds. Advanced wound care products are gradually replacing the traditional wound care products due to their efficacy and effectiveness in managing wounds by enabling faster wound healing.
The major factors attributed to the advanced wound care market growth are the rapid increase in the incidence of chronic diseases, such as diabetes mellitus, due to a change in lifestyle factors and the attempts to reduce the duration of hospital stays to bind the surgical costs. In addition, the demand for the advanced wound care market is driven by favorable reimbursement scenario, increase in healthcare expenditure by the government, and rise in inclination towards products that enhance therapeutic outcomes. However, the high cost of advanced wound care products coupled with low awareness, especially in underdeveloped countries, such as Afghanistan, Nigeria, and Bhutan, are expected to restrain the market growth.
Key Universities working on Wound care Programs:
University of Illinois, Chicago, USA, Kent State University, Ohio (U.S.), The Ohio State University Wexner Medical Center, Ohio (U.S.) Alabama Southern Community College, Monroeville (U.S.), Auburn University School of Nursing, Auburn (U.S.), Bishop State Community College (U.S.), Calhoun Community College, Decatur (U.S.), Central Alabama Community College, Childersburg (U.S.), Chattahoochee Valley Community College, Phoenix City (U.S.), Faulkner State Community College, Bay Minette (U.S.), Fortis College, Montgomery (U.S.), Gadsden State Community College, Gadsden (U.S.), Jacksonville State University College of Nursing, Jacksonville (U.S.), Jefferson Davis Community College, Brewton (U.S.), Judson College, Marion (U.S.), Lurleen B. Wallace Community College (U.S.), Northeast Alabama Community College, Rainsville, USA, Oakwood University, Huntsville, USA, Shelton State Community College, Tuscaloosa (U.S.), Southern Union State Community College, Opelika (U.S.), Tuskegee University, Tuskegee (U.S.), University of South Alabama College of Nursing, (U.S.), Virginia College, Birmingham, Montgomery, (U.S.)
Key wound care organizations:
American Academy of Wound Management (USA), American Diabetes Association, American Professional Wound Care Association, Association for the Advancement of Wound Care (USA), Australian Wound ManagementAssociation (AWMA), Canadian Association of Wound Care, European Tissue Repair Society, National Coalition for Wound Care (NCWC) (USA), National Pressure Ulcer Advisory Panel, National Alliance of Wound Care (NAWC), South Australian Wound Management Association, The UK Tissue Viability Society, The UK Wound Care Society, Undersea and Hyperbaric Medical Society, Wound Care Association of NSW Inc, Wound Healing Society, Wound Management Association of Ireland and Wound Ostomy & Continence Nurses Society.
Conferences hosted by wound care societies:
3rd Transatlantic Wound Science and Podiatric Medicine Conference, 47th Annual Western Trauma Association Meeting, 6th Congress of the World Union of Wound Healing Societies, AALNC Annual Forum, AAOS 2017 Annual Meeting, Abu Dhabi Wound Care Conference, 49th Annual Meeting of American Burn Association, American Diabetes Association 77th Scientific Sessions, 31st Annual Congress of American College of Phlebology, American Society for Pain Management Nursing (ASPMN) National Conference, American Surgical Association Annual Meeting, Annual Translational to Clinical (T2C) Regenerative Medicine Wound Care Conference, Canadian Association of Wound Care (CAWC) Conference and European Wound Management Association (EWMA) Conference.
Advanced wound care market segments:
By Product Type
By End User
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA
Conclusion: The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. With this increasing growth of market the dissemination of knowledge could occur only through international meetings and conferences. International Conference on Wound Care, Tissue Repair & Regenerative Medicine happening at Tokyo, Japan during October 30-31, 2019 would address the recent advancements happening in this field with a series of key Note, Plenary sessions, Workshops, Symposiums and discussions represented by renowned speakers from more than 40 nations.