Product Overview

Healthcare professionals use specialized wound care devices. It is a clinical technique to facilitate an efficient method of wound healing. Advanced treatment for wound care uses moisture therapy, which offers a moist micro-environment that promotes the process of natural healing. Film and foam dressings, hydrogels, alginates, and hydrocolloids are the materials used in wet wound care. In addition to maintaining a hydrated environment, this therapy also maintains the temperature constant, facilitates air supply, eliminates dead tissue, protects the site from exogenous infection, and relieves the pain associated with changes in dressing. In contrast to conventional wound care products, advanced wound care products have a higher absorption ability, such as gauze, sponge, plaster, and wadding, which is necessary to avoid wound infiltration.

Market Highlights

Global Advanced Wound Care Market is expected to project a notable CAGR of 5.8% in 2030.

Global Advanced Wound Care Market to surpass USD 17.65 by 2030 from USD 10.3 billion in 2020 at a CAGR of 5.8% throughout the forecast period, i.e., 2021-30. The advanced wound care market is growing due to the increasing geriatric population, burn cases across the globe, the volume of surgeries, cases of diabetes and obesity, the incidence of chronic wounds, and a number of road accidents. Furthermore, technological advancements and rising awareness on the same, leading to the heavy use of advanced wound care products, are also leading to the growth of the market.

Global Advanced Wound Care Market: Segments

Advanced wound dressings Segment to grow with the highest CAGR during 2020-30

Global Advanced Wound Care Market is segmented by type into a wound therapy device, advanced wound dressing, and active wound care product. The greater market share in 2019 was accounted for the advanced wound dressings segment and is expected to see the highest growth during the forecast period. The increasing incidence of diabetes-related ulcers, pressure ulcers, aging population, and venous leg ulcers and the need for inventive and innovative wound dressings for the treatment of such wounds have resulted in the most rapid growth of advanced wounds over the historical period, which is also expected to continue over the forecast era. Furthermore, the advanced segment is further divided into foams, films, hydrogels, hydrocolloids, superabsorbents, contact layers for wounds, alginates, collagen, and Hydrofiber. The foam segment accounted for the largest share of the whole advanced segment and is projected to expand at the fastest pace on the market.

Global Advanced Wound Care Market: Market Dynamics

Drivers

Increasing prevalence of surgical and chronic wounds

The main factors that influence the growth of the global advanced wound car are increasing geriatric population, increasing number of diabetes patients worldwide, increasing incidence of wound ulcer and surgical wounds, increasing research and development activities, the launch of new advanced wound therapies, favourable reimbursement scenario, and technological innovation in advanced wound care products The increasing implementation of evidence-based treatment for chronic wounds, increasing healthcare spending and awareness campaigns for advanced wound care and management are some of the other primary factors driving the growth of the advanced wound care market.

Restrain

High cost of advanced wound care products

The high cost of treating chronic wounds and advanced wound care products can have a negative impact on their adoption, especially in cost-sensitive markets such as Asia and other developing countries. In these countries, patients and doctors are opting for advanced wound care products that are less expensive. Although there are many bio-engineered dressings available in these markets, due to differences in low prices, doctors and patients prefer to opt for conventional and simple wound care products.

Global Advanced Wound Care Market: Key Players

 3M Company

o Company Overview

o Business Strategy

o Key Product Offerings

o Financial Performance

o Key Performance Indicators

o Risk Analysis

o Recent Development

o Regional Presence

o SWOT Analysis

 Acelity L.P. Inc. (Kinetic Concepts, Inc.)

 B. Braun Melsungen AG

 Cardinal Health, Inc

 Coloplast A/S

 ConvaTec Group Plc

 Integra Lifesciences

 Molnlycke Health Care

 Medtronic PLC

 Paul Hartmann AG

 Smith & Nephew

Global Advanced Wound Care Market: Regions

Global Advanced Wound Care Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Advanced Wound Care Market in North America held the largest market share of XX.X% in the year 2018 because of the rising number of global players tapping into the region. In the Asia-Pacific region, the advanced wound care market consisting of rapidly developing economies has remained largely untapped. The advanced market for wound care management is expanding rapidly and has provided ample opportunities for new products to be introduced. The Asia-Pacific advanced wound care treatment market is expected to see the highest growth in terms of prospective growth opportunities in the global market.

Global Advanced Wound Care Market report also contains analysis on:

Global Advanced Wound Care Market Segments:

 By Type:

o Advanced Wound Dressing

• Foam

• Hydrocolloid

• Alginate

• Film

o Wound Therapy Device

o Active Wound Care

 By Application:

o Surgical

o Traumatic

o Ulcers

o Burns

 By End User:

o Hospital

o Homecare

Contents

1. Executive Summary

2. Global Advanced Wound Care Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Hospital Beds Market Analysis

1. Porters Five Forces

1. The threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Advanced Wound Care Market

1. Market Size & forecast, 2019A-2030F

1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Advanced Wound Care Market: Market Segmentation

1. By Regions

2. By Regions

1. North America:(U.S. and Canada)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. By Type: Market Share (2020-2030F)

1. Advanced Wound Dressing,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Wound Therapy Device,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Active Wound Care,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. By Application: Market Share (2020-2030F)

1. Surgical,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Traumatic,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Ulcers,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Burns,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. By End-User: Market Share (2020-2030F)

1. Hospital,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Homecare,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

1. Company Profile

1. 3M Company

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Acelity L.P. Inc. (Kinetic Concepts, Inc.)

3. B. Braun Melsungen AG

4. Cardinal Health, Inc

5. Coloplast A/S

6. ConvaTec Group Plc

7. Integra Lifesciences

8. Molnlycke Health Care

9. Medtronic PLC

10. Paul Hartmann AG

11. Smith & Nephew

12. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)