iCrowd Newswire - May 26, 2020
The bioactive wound management market was valued at US$ 1,751.38 million in 2019 and is projected to reach US$ 3,057.12 million by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.
The wound dressing products made from biomaterials are known as bioactive wound care dressings. These materials are designed to be in direct contact with the injury and prevent the chances of further infection. The dressings are made up of both synthetics as well as natural polymers. The rise in diabetes cases, as well as skin injuries due to burns, fuels the growth of the bioactive wound management market. The bioactive wound management market is expected to witness huge growth during the forecast period on the back of the increasing medical cases involving wounds and ulcers, and growing number of surgical procedures being conducted worldwide. Moreover, innovations in wound care products are also expected to foster the market growth in the coming years. However, the high cost associated with wound care management is limits the growth of the market.
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Company Profiles
- Smith+Nephew
- MiMedx
- Integra LifeSciences
- Organogenesis
- Tissue Regenix Group Plc
- Coloplast
- Hartmann plc
- Covalon Technologies Ltd.
- ConvaTec
- ETS Wound Care, LLC
Based on end user, the bioactive wound management market is segmented into hospitals and clinics, ambulatory surgical centers, and others. The hospitals and clinics segment held the largest share of the market in 2019, and it is also anticipated to register the highest CAGR during the forecast period. The growth of the market for this segment is attributed to the increasing number of burn incidence globally, especially in low-income countries. The hospitals and clinics are the primary healthcare centers approached by patient seeking for first aid and treatment after such accidents. In general, the number of patients visiting clinics and hospitals is more than other healthcare centers. These centers offer various services and good quality treatment, with quick availability of the required machinery. Moreover, the fees for the treatment are reimbursed.
Based on application, the bioactive wound management market is segmented into pressure ulcers, diabetic foot ulcers, venous leg ulcers, burn wounds, and surgical wounds. The burn wounds segment held the largest share of the market in 2019 owing to increasing number of burn incidence globally, especially in low-income countries. According to the WHO data for 2018, every year, ~180 000 deaths are caused due to burning injuries. In addition, the incidences of burn injuries are seen in low-middle income countries. According to the WHO, countries such as India, Pakistan, Bangladesh, Nepal, Colombia, and Egypt have a higher number of burn management cases. Further, the surgical wounds segment is anticipated to register the highest CAGR during the forecast period.
Moreover, complications associated with diabetes, such as diabetic foot ulcers, are also facilitating the need for advanced wound care management products. For instance, as per the International Diabetes Federation, persons with diabetes are 15–40 times more likely to require lower-leg amputation. Approximately 85% of amputations are followed by the development of a neuropathic foot ulcer.
Bioactive Wound Management Market – By Product
- Bioengineered Skin Substitutes
- Collagen-based Dressings
- Antimicrobial Dressings
- Alginates
- Hydrocolloids
Bioactive Wound Management Market – By Application
- Pressure Ulcers,
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Burn Wounds
- Surgical Wounds
Bioactive Wound Management Market – By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
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Keywords: Bioactive Wound Management Market, Wound Management Market, Wound Management
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