Global Advanced Wound Care (AWC) market size to reach US$ 15.5 Bn by 2025 at a CAGR of 12%
Noida, Uttar Pradesh, India, March 16 2021 (Wiredrelease) Report Ocean Pvt Ltd –:Global Advanced Wound Care (AWC) Market is estimated to see healthy growth, pegged at a CAGR of around 12% throughout the forecast period 2020-2025. Advanced wound care (AWC) products are an alternative to the traditional wound care products, majorly designed for people suffering from wounds that are caused due to diabetes or ulcers. Advanced wound care products form a significant ratio for treating complicated external wounds in hospitals and clinics. Advanced wound care includes products used to treat chronic and acute wounds, such as ulcers, burns, and postoperative wounds. AWC products such as hydrocolloids, film & foam dressings, hydrogels, and alginates keep the wound hydrated to facilitate rapid healing. These products also provide solutions to patients suffering from chronic wounds by offering them reasonably priced and readily accessible products. Moreover, the report covers information on therapy devices, such as harmful pressure wound therapies (NPWT), oxygen & hyperbaric oxygen equipment, electromagnetic therapy devices, electrical stimulation devices, and pressure relief devices.
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Growing Chronic and Surgical Wound Prevalence
The prevalence of chronic wounds has rapidly increased worldwide during the forecast period, primarily due to the growing global geriatric population and the increasing prevalence of obesity and diabetes. Diabetes and obesity can improve the overall incidence and complexity of wounds such as infections, ulcerations (leg or foot ulcers), and surgical wounds, which require treatments and incur exorbitant medical expenses.
Impact of the COVID-19 on Global Advanced Wound Care (AWC) Market
COVID-19 is a communicable disease caused by the most recently discovered novel coronavirus. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020. This pandemic has disrupted growth in many economies across various domains. The COVID-19 outbreak will impact the advanced wound care (AWC) market in the forecast period’s initial phase. Due to nationwide lockdowns, denied wound care services, canceled or postponed elective surgeries, and increasing skin injuries in COVID-19 medical care providers, the advanced wound care (AWC) market is expected to register confidently decline during the forecast period. However, the demand for advanced wound care products is expected to rise drastically during the forecast period.
Segmentation Overview of the Global Advanced Wound Care (AWC) Market
The advanced wound care (AWC) market is segmented based on Product Type, Application, and End User. These major market segments are further categorized into various sub-segments to study the market in detail.
By Product Type Outlook
Infection Management (Silver Wound Dressings, Non-silver Dressings, Collagen Dressings)
Exudate Management (Hydrocolloids Dressings, Foam Dressings, Alginate Dressings, Hydrogel Dressings)
Active Wound Care (Skin Substitutes, Growth Factors)
Therapy Devices (Negative Pressure Wound Therapy (NPWT), Oxygen and Hyperbaric Oxygen Equipment, Electromagnetic Therapy Devices, Others)
By End User Outlook (Hospitals, Community Health Service Centers)
By Application Outlook
Chronic Wounds (Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers, Arterial Ulcers)
Acute Wounds (Burns & Trauma, Surgical Wounds)
Key Players Insights
Smith & Nephew plc., Acelity L.P. Inc., Mölnlycke Health Care AB, Convatec Group, Coloplast, Paul Hartmann AG, Medtronic Plc., 3M Company, Integra LifeSciences Holding Corporation, and Lohmann & Rauscher International GmbH & Co. KG, among others, are the leading advanced wound care (AWC) companies included during the research study.
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