Published Date: 2021-03-05
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North American Advanced Wound Care Market size is anticipated to cross USD 5.8 billion by 2027, according to a latest forecast report by Graphical Research.
Growing geriatric population base prone to chronic infections and wounds especially pressure ulcers and venous leg ulcers will spur the North America advanced wound care market growth. Decreased wound healing abilities coupled with rising risk of developing chronic wounds in geriatric people will foster the overall industry expansion. Majority of the elderly population base suffer from chronic ailments requiring surgical procedures that will positively influence the demand for advanced wound care products. However, high cost of advanced wound care devices may impede the industry progression to some extent.
The wound dressings segment is set to observe around 3% growth rate from 2021 to 2027. Increasing awareness related to the benefits of advanced wound dressings including wound protection of new cells and easy oxygen flow will spur the segment growth. Several benefits offered by hydrogel dressings include fast removal of dead tissues and quicker epidermis repair further results into higher adoption rate of wound dressings.
The pressure wounds segment accounted for more than USD 440 million revenue in 2020. Surging prevalence of pressure wounds such as bedsores will secure the segmental growth as pressure wounds are associated with longer hospital stays. For instance, according to the Agency for Healthcare Research & Quality (AHRQ), around 2.5 million people across the U.S. develop pressure ulcers every year. Pressure ulcers need advanced wound therapy as it includes various complications such as cellulites bacteremia sepsis and septic arthritis.
Browse detailed statistical insights from the report, “North America 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 (U.S., Canada), Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1685/north-america-advanced-wound-care-market
The homecare settings segment is estimated to expand at over 5.5% CAGR between 2021 and 2027. Key companies are developing portable wound therapy devices that offers ease and convenience at home for elderly proving beneficial for market expansion. In addition, elderly patients suffering from diabetes have low injury healing rate that propels the demand for advanced wound care products at home.
Canada advanced wound care market is projected to witness over 4.5% CAGR till 2027. Rise in demand for innovative and advanced wound care products coupled with increasing incidences of burns and trauma injuries will fuel the regional market expansion. Also, different government organizations are focusing on development of advanced wound care products that enables better management of wounds favoring the industry growth. For instance, Canadian Association of Wound Care is dedicated to interdisciplinary and collaborative approach to wound prevention and management to improve the health of Canadian people.
Some of the leading players operating in North American advanced wound care market include Medtronic, ConvaTec Group, Smith & Nephew, Lohmann & Rauscher, 3M, Hartmann International, B. Braun, Coloplast, and others.
These industry participants are undertaking several initiatives to deliver new and innovative aspects of advanced wound care techniques that will enable them to create strong position in the market. For instance, in May 2018, Coloplast launched Biatain Silicone with 3DFit Technology. The Biatain Silicone foam dressings provides an advanced five-layer construction, including silicone adhesive contact layer to provide secure and gentle fit, thereby broadening its product portfolio and business revenue.
The North American advanced wound care market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
North America Market, By Product, 2016 - 2027 (USD Million)
North America Market, By Application, 2016 - 2027 (USD Million)
North America Market, By End-use, 2016 - 2027 (USD Million)
The above information has been provided for the following countries:
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