The U.S. Advanced Wound Care Market generated $3.35 billion in 2019, and is estimated to reach $4.96 billion by 2027, registering a CAGR of 9.9% from 2020 to 2027.
The U.S. Advanced Wound Care Market generated $3.35 billion in 2019, and is estimated to reach $4.96 billion by 2027, registering a CAGR of 9.9% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Rise in number of patients suffering from obesity, diabetes, and chronic conditions drive the growth of the U.S. Advanced Wound Care Market. The demand for advanced wound care is expected to surge during the Covid-19 pandemic as wound patients with multiple comorbidities are at an increased risk of getting infected from corona virus.
Growth in ageing population and rise in number of patients suffering from obesity, diabetes, and chronic conditions drive the growth of the U.S. advanced wound care market. However, high cost associated with advanced wound care products restrains the market growth. Furthermore, technological advancements to treat the complex wounds is expected to provide new growth opportunities for the market players in the near future.
Covid-19 scenario:
The spread of Covid-19 has caused major disruption in health care services, causing interuptions in the treatment for patients with wounds as doctors are being redeployed for treating Covid-19 patients due to which there will be a delay in patient treatment.
The demand for advanced wound care is expected to surge during the Covid-19 pandemic as wound patients with multiple comorbidities are at an increased risk of infection from corona virus.
The report offers a detailed segmentation of the U.S. advanced wound care market based on product, application, and age group.
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Based on product, the therapy devices segment contributed to the largest share in 2019, accounting for more than one-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, the active wound care segment is estimated to portray the highest CAGR of 14.6% during the forecast period.
Based on application, the chronic wounds segment accounted for the largest share in 2019, holding more than two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. In addition, the segment is expected to register the highest CAGR of 10.1% from 2020 to 2027.
Based on age group, the hospitals segment accounted for the largest share in 2019, holding for nearly three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the community centers segment is expected to register the highest CAGR of 10.4% from 2020 to 2027.
Leading market players analyzed in the research include Adynxx, Inc., 3M (Acelity Inc.), Coloplast A/S, B Braun Melsungen AG, Essity AB (BSN Medical GmbH), ConvaTec Group Plc, Investor AB (Mölnlycke Health Care AB), Integra Lifesciences (Derma sciences), Medline Industries, Inc., and Johnson & Johnson.
Key Findings Of The Study
- By product, the active wound care segment is expected to experience rapid growth, registering a CAGR of 14.6% from 2020 to 2027.
- By application, the chronic wounds segment dominated the U.S. advanced wound care market in 2019 and is expected to maintain this trend during the forecast period.
- Depending on end user, the hospitals segment held more than 50% of the U.S. advanced wound care market in 2019, and is anticipated to continue this trend during the forecast period.
- By skin substitutes, the allografts segment held the major share in the market in 2019, and is anticipated to continue this trend during the forecast period.
- Depending on acute wounds, the surgical wounds segment is a lucrative segment that is estimated to grow at a CAGR of 10.0% during the forecast period.
Key Benefits For Stakeholders
- This report provides a detailed quantitative analysis of the current U.S. advanced wound care market trends and future estimations from 2020 to 2027, which assists in identifying the prevailing advanced wound care market opportunities.
- An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
- The key regulatory guidelines for the U.S. advanced wound care market are critically dealt across the country.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
Key Market Segments
By Product
- 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
- Xenograft
- Allografts
- Cell-based bioengineering
- Growth Factors
- Skin Substitutes
- Therapy Devices
- Negative Pressure Wound Therapy (NPWT)
- Oxygen and Hyperbaric Oxygen Equipment
- Electromagnetic Therapy Devices
- Others
By Application
- Chronic Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Arterial Ulcers
- Acute Wounds
- Burns & Trauma
- Surgical Wounds
By End User
- Hospitals
- Community Health Service Centers
We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.
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