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    Asia Pacific Advanced Wound Care Market Size, By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices, {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen and Hyperbaric Oxygen Equipment}), By End-use (Hospitals, Homecare Settings), Research Report, Country Outlook (Japan, India, China, South Korea, Australia, Taiwan, Malaysia, Indonesia, Thailand), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027
    Published Date: February 2021   |   Report ID: GR1687   |   Delivery: PDF  Request Free Sample

    Asia Pacific Advanced Wound Care Market size surpassed USD 1.7 billion in 2020 and is estimated to observe a growth rate of 6.1% from 2021 to 2027.

    Increasing prevalence of chronic wounds including venous leg ulcers, acute wounds, and diabetic foot ulcers in developing countries of Asia Pacific will augment market growth. Rising cases of traumatic, surgical wounds will increase the number of patients undergoing wound care treatment. In addition, rising preference towards advanced wound care over traditional wound care owing to faster healing and efficiency in management of wounds will spur the APAC advanced wound care industry demand.

    Asia Pacific Advanced Wound Care Market

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    APAC Market, By Product

    Wound therapy devices segment revenue was around USD 600 million in 2020 on account of surging prevalence of ulcers coupled with technological advancements incorporated within wound therapy devices such as pressure relief devices (PRD). Pressure relief devices are utilized in curing the pressure sores, bed sores and decubitus ulcers. Similarly, these devices provide quick relief in the areas of localized damage to the skin.

    APAC Market, By Application

    Venous legs ulcers segment held more than 14.5% market share in 2020. Venous skin ulcer is a long-lasting sore on the legs that takes 4-6 weeks to heal and requires advanced wound care therapy that will positively influence the segment expansion. Usually, dressings and surgeries are the most preferred modes of treatment for venous leg ulcers that will increase the demand for advanced wound care therapies. 

     APAC Market, By End-use

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    The hospitals segment is predicted to register a CAGR of over 5% through 2027. Hospitals will hold regional dominance owing to rise in hospital stays of patients suffering from acute or chronic wounds. Presence of superior healthcare professionals and availability of advanced equipment in hospitals making it preferable option for treatment among patients.

    APAC Market, By Country

    The Japan advanced wound care market size accounted around USD 480 million in 2020. Increasing funding for wound care research in developing countries such as Japan will offer lucrative growth opportunities.

    Due to recent outbreak of COVID-19, several hospital outpatient-based wound care departments of Japan have been placed in the non-essential group by many hospitals, hindering the market growth. This has become difficult situation for the patients with chronic wounds such as pressure ulcers, diabetic foot ulcers, venous ulcers, arterial ulcers, and others. Also, the wound care service providers are working to limit clinic visits and transfer as many patients as practical to tele-health treatment due to COVID-19 restrictions.

    Competitive Market Share

    Some of the prominent players functioning in Asia Pacific market are 3M, Medtronic, B. Braun, Hollister, Integra LifeSciences Corporation, Smith & Nephew, Lohmann & Rauscher, and others.

    These companies are adopting strategies such as expansion and innovations in product to expand their customer base and maintain financial stability. For instance, in May 2017, Mölnlycke announced launch of Mepilex Border Sacrum and Mepilex Border Heel Dressings, new wound care products for treatment and prevention of pressure ulcers.

    Frequently Asked Question(FAQ) :

    How will the advanced wound care market fare across Asia Pacific up to 2027?
    The market for advanced wound care in APAC was valued at over USD 1.7 billion in 2020 and will grow at a 6.1% rate through 2027.
    Why will the adoption of advanced wound care therapy devices impact APAC market trends?
    Wound therapy devices segment revenue in Asia Pacific was recorded at nearly USD 600 million in 2020 and will grow up to 2027 owing to technological advancements and rising incidences of decubitus ulcers.
    What factors will fuel Japan advanced wound care industry expansion over 2021-2027?
    Japan market recorded a revenue share of nearly USD 480 million in 2020 and will augment further owing to increasing R&D activities in the country.
    How is the demand for venous leg ulcer treatment driving Asia advanced wound care sector?
    The industry share from venous legs ulcers segment was over 14.5% during 2020 owing to the robust need for treatment.

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