Active Wound Care Segment Enjoys Major Share in R&D Funds of Market Leaders Driving the Growth of Advanced Wound Care Market

HYDERABAD, India, September 26, 2016 /PRNewswire/ --

The latest report "Advanced Wound Care Market by Type, by Application, by End Users and by Region", published by Market Data Forecast, forecasts the global market to reach USD 10.08 Billion by 2020, at a CAGR of 4.1% from 2015-2020.

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Advanced wound care products are highly beneficial for patients suffering from Chronic wounds, which have expensive treatments and take longer time to heal. These products offer faster healing of wounds and are replacing the traditional wound care products. Advanced wound care products and procedures include hydrogels, foam dressings, film dressings, gauze composites, collagen products, hydrocolloids, alginate dressings and antimicrobial dressings. The advanced wound care products come with the advancement of combination dressing which eliminates the risk of ineffective wound healing.

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There is an inclination in the market towards the products that enhance the therapeutic outcomes by reducing the duration of hospital stay and surgical healthcare expenses. Other drivers for the market are increasing incidences of chronic wounds and diabetes due to more number of aging population, technological advancements, government as well as private initiatives taken for healthcare advancements and need for a shift from traditional ineffective wound healing methods to better and safer treatment for wounds.

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Product Segmentation:

• Based upon application:
  • Burn wounds
  • Surgical wounds
  • Skin ulcers
• Based upon type
  • Active wound care
  • Dressings
  • Therapy devices
• Based upon End users
  • Inpatient services
  • Outpatient services
• Based on Geography
  • North America Advanced Wound Care Market
  • Europe Advanced Wound Care Market
  • Asia Pacific Advanced Wound Care Market
  • Latin America Advanced Wound Care Market
  • Middle East & Africa Advanced Wound Care Market

The leading companies dominating the market with its products and services are MPM Medical Inc., Medline Industries Inc., Organogenesis Inc., Integra Lifesciences Corporation., Medtronic, 3M Health Care, Coloplast Corp., ConvaTec Inc., Mölnlycke Health Care, Smith and Nephew Plc. and Acelity L.P.