Advanced Wound Care (AWC) Market Outlook, Trends And Future Opportunities (2024-2031)

Advanced Wound Care (AWC) Market Outlook, Trends And Future Opportunities (2024-2031)

Advanced Wound Care (AWC) Market, By Product Type (Dressings, Wound Closure Products, Wound Therapy Devices, Active Wound Care Products, Others), By Wound Type (Chronic Wounds (Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Others), Acute Wounds (Burns, Traumatic Wounds, Surgical Wounds), Others (Pediatric Wounds, Radiation Wounds)), By End-User (Hospitals, Ambulatory Surgical Centers, Long-Term Care Facilities, Home Care Settings, Others), By Distribution Channel (Hospitals and Clinics, Retail Pharmacies, Online Platforms, Others), By Application (Wound Healing, Infection Management, Pain Management, Scar Management, Others), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) The report offers a comprehensive view of the market from supply as well as demand side to help take informed decisions.

  • Published On: Apr 2024
  • Author(s): Sagar Karlekar
  • Report ID: IDA119
  • Region: Global
  • Format: PDF/EXCEL

Table Of Contents:

  • Chapter 1. Research Methodology and Scope
    • Market Segmentation and Scope
    • Regional Coverage
    • Objectives
    • Research Methodology
  • Chapter 2. Executive Summary
    • Market Landscape
    • Market Size & Forecast
    • Competitive Landscape
  • Chapter 3. Advanced Wound Care (AWC) Market: By Product Type
    • Dressings Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Dressings Definitions, Technology Landscape
    • Dressings Market Drivers
      • Product Launches
      • Technology Launches
      • Rising prevalence of chronic wounds
    • Dressings Market Restraints
      • High cost of advanced wound care solutions
      • Reimbursement challenges
  • Chapter 4. Advanced Wound Care (AWC) Market: By Wound Type
    • Chronic Wounds Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Chronic Wounds Definitions, Technology Landscape
    • Chronic Wounds Market Drivers
      • Increasing incidence of diabetes and obesity
      • Advancements in wound care technologies
    • Chronic Wounds Market Restraints
      • Limited availability of skilled wound care professionals
      • Lack of awareness in certain regions
  • Chapter 5. Advanced Wound Care (AWC) Market: By End-User
    • Hospitals Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Hospitals Definitions, Technology Landscape
    • Hospitals Market Drivers
      • Rising number of hospital admissions for wound management
      • Availability of advanced wound care solutions in hospitals
    • Hospitals Market Restraints
      • Budgetary constraints in certain healthcare settings
      • Shortage of specialized wound care services
  • Chapter 6. Advanced Wound Care (AWC) Market: By Distribution Channel
    • Hospitals and Clinics Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Hospitals and Clinics Definitions, Technology Landscape
    • Hospitals and Clinics Market Drivers
      • Expansion of specialized wound care centers
      • Increasing adoption of advanced wound care products
    • Hospitals and Clinics Market Restraints
      • Limited reimbursement coverage in certain regions
      • Preference for cost-effective alternatives in some markets
  • Chapter 7. Advanced Wound Care (AWC) Market: By Application
    • Wound Healing Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Wound Healing Definitions, Technology Landscape
    • Wound Healing Market Drivers
      • Growing emphasis on preventive wound care
      • Advancements in biomaterials and tissue engineering
    • Wound Healing Market Restraints
      • Regulatory hurdles for novel wound care solutions
      • Lack of patient awareness in certain regions
  • Chapter 8. Advanced Wound Care (AWC) Market: Regional Market Trends, Size, and Future Outlook
    • North America Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • North America Definitions, Technology Landscape
    • North America Market Drivers
      • High prevalence of chronic diseases
      • Availability of advanced healthcare infrastructure
    • North America Market Restraints
      • Reimbursement challenges for innovative wound care solutions
      • Limited access to specialized wound care services in certain areas
    • Europe Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Europe Definitions, Technology Landscape
    • Europe Market Drivers
      • Aging population and rising incidence of chronic wounds
      • Increasing adoption of advanced wound care technologies
    • Europe Market Restraints
      • High cost of advanced wound care products
      • Fragmented reimbursement landscape
    • Asia Pacific Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Asia Pacific Definitions, Technology Landscape
    • Asia Pacific Market Drivers
      • Expanding healthcare infrastructure
      • Growing awareness of advanced wound care solutions
    • Asia Pacific Market Restraints
      • Limited availability of skilled wound care professionals
      • Lack of reimbursement coverage in certain countries
    • Latin America Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Latin America Definitions, Technology Landscape
    • Latin America Market Drivers
      • Rising prevalence of chronic diseases
      • Increasing investment in healthcare
    • Latin America Market Restraints
      • Economic challenges and budgetary constraints
      • Underdeveloped wound care infrastructure
    • Middle East & Africa Market Size (US$), CAGR (%), and Forecast (2021-2031)
    • Middle East & Africa Definitions, Technology Landscape
    • Middle East & Africa Market Drivers
      • Growing geriatric population
      • Increasing healthcare expenditure
    • Middle East & Africa Market Restraints
      • Limited access to advanced wound care solutions
      • Lack of regulatory frameworks
  • Advanced Wound Care (AWC) Market: Competitive Landscape
    • Smith & Nephew plc
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Mölnlycke Health Care AB
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Convatec Group plc
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Acelity L.P. Inc. (KCI)
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • 3M Company
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Coloplast A/S
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Medtronic plc
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Integra LifeSciences Holdings Corporation
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Organogenesis Holdings Inc.
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Essity AB (BSN Medical)
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Medline Industries, Inc.
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Hartmann Group
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Baxter International Inc.
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • B. Braun Melsungen AG
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies
    • Derma Sciences, Inc. (Integra LifeSciences)
      • Company Overview
      • Financial Outlook
      • Product Portfolio
      • Strategies

Research Methodology

  • Primary Research
  • Secondary Research
  • Assumptions
  • IDataAcumen Analysis
  • Paid Databases

Appendix

  • About Us

Frequently Asked Questions

The current market size of the Advanced Wound Care (AWC) industry is estimated to be US$ 1.4 billion in 2023.

The key factors driving the growth of the Advanced Wound Care (AWC) market include the rising prevalence of chronic diseases, the aging population, advancements in wound care technologies, the growing demand for cost-effective and patient-centric wound care solutions, and the increasing adoption of digital health technologies in wound management.

The factors that are hampering the growth of the Advanced Wound Care (AWC) market include the high cost of advanced wound care products, reimbursement challenges for innovative wound care technologies, limited access to specialized wound care services in certain regions, and the lack of skilled healthcare professionals in wound management.

The leading component segment in the Advanced Wound Care (AWC) Market is the Dressings segment, which is widely used in the management of various wound types due to their ability to create a moist healing environment, prevent infection, and facilitate wound healing.

The major players operating in the Advanced Wound Care (AWC) Market include Smith & Nephew plc, Mölnlycke Health Care AB, Convatec Group plc, Acelity L.P. Inc. (KCI), 3M Company, Coloplast A/S, Medtronic plc, Integra LifeSciences Holdings Corporation, Organogenesis Holdings Inc., and Essity AB (BSN Medical).

The Advanced Wound Care (AWC) Market is expected to grow at a CAGR of 5.4% from 2024 to 2031, with a market size projected to reach US$ 2.1 billion by 2031.

The key drivers of the Advanced Wound Care (AWC) Market include the increasing prevalence of chronic diseases, the aging population, advancements in wound care technologies, the growing demand for cost-effective and patient-centric wound care solutions, and the increasing adoption of digital health technologies in wound management.