Global Bioactive Wound Care Market Analysis by Product, Wound Type, End-user & Geography - Forecast to 2024

News provided by

Nov 22, 2019, 05:45 ET

DUBLIN, Nov. 22, 2019 /PRNewswire/ -- The "Bioactive Wound Care Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global bioactive wound care market is growing at a CAGR of over 6% during the forecast period 2018-2024.

Key Market Insights

Offers market sizing and growth prospects of the market for the forecast period 2019-2024.
Provides comprehensive insights on the latest industry trends, forecast, and growth drivers.
Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
Delivers a complete overview of segments and the regional outlook of the market.
Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

The global bioactive wound care market is growing at a healthier rate and is expected to grow at a CAGR of 6% during the forecast period. The increasing demand for innovative, effective, and proficient "wound care" products from surgeons as well as patients is expected to promote the market.

The introduction of smart bioactive dressing is likely to bring exciting business opportunities for the vendors in the global bioactive wound care market. Recent developments in the dressings with micro-fibers and biosensing for smart wound dressing enable quantitative, real-time representation of the wound environment, including pathogen concentrations, exudate levels, and tissue regeneration are likely to influence the bioactive wound care market significantly.

Market Dynamics

Market Growth Enablers

Increasing Incidences of Acute and Chronic Wounds
Growing Preference for Tissue-Engineered Skin Substitutes and Growth Factors
High Demand for Medicated Wound Dressing Products

Market Growth Restraints

High Cost of Bioactive Wound Care Products
Greater Availability of Substitutes for Bioactive Wound Care Products
Shortage of Adequate Resources for Bioactive Wound Care

Market Opportunities and Trends

Emergence of Stem Cell Therapy
Advent of Smart Bioactive Wound Dressings
Growing Preference for Combination Dressings

Bioactive Wound Care Market: Segmentation

This research report includes detailed segmentation by products, wound type, end-users, and geography.

The antimicrobial dressings segment is growing due to the high prevalence of several chronic infections. The high demand for these dressings is leading to the introduction of a broad range of dressing offerings, which, in turn, are boosting the segment. Moreover, key vendors are focusing on several clinical trials to increase the efficacy of these dressings, thereby increasing market opportunities. Wound biologics is the second largest segment of the market. The segment is growing primarily due to the rising incidence of DFUs, venous ulcers, burn injuries, trauma, surgical site infections, and other accidental injuries globally.

The rise in surgical procedures, especially in the geriatric population, which also suffer from several acute and chronic diseases worldwide, is projected to influence the acute bioactive wound care segment. The phenomenal growth in the surgical site infections is another key factor for the growth of the segment. Furthermore, the number of burn cases is also increasing globally over the years. Therefore, the growing incidence of acute wounds and associated infections is fueling the growth of the segment.

In 2018, the hospital & specialty wound care clinic segment was the leading end-user segment. The market is growing mainly due to the increasing prevalence of acute infections, the growing number of surgical procedures, the increasing awareness of advanced products, and increasing number treatments being conducted in hospitals.

The long-term care facility segment is growing at a steady pace. The rise in incidences of chronic infections is growing due to the increasing patient population with lifestyle diseases such as diabetes. The growing elderly population is also contributing to the growth of the segment. Since the elderly population is prone to develop chronic diseases, these facilities offer advanced products, including bioactive wound care.

Market by Geography

The increase in R&D for the development of innovative products will have a positive impact on the North American market

In 2018, North America was the largest region of the global bioactive wound care market. The growing population suffering from several acute and chronic infections is the primary factor for the high market share. Europe is the second-largest market. The market growth is on account of highly sophisticated healthcare infrastructure, the patient population with high awareness of bioactive wound care.

APAC is the fastest-growing market. The growing awareness of available treatment options and the increasing aging population are the major factors driving the market growth. Favorable government initiatives and improved healthcare infrastructure are further driving the market growth in the APAC region. Brazil, Mexico, and Argentina are the major revenue contributors to the market in Latin American. The growing incidence of several disease-related infections and the high prevalence of surgical infections are major drivers of the market.

Key Vendor Analysis

The global bioactive wound care market is highly competitive and dynamic, characterized by the presence of many global, regional, and local vendors offering a diverse range of products for treating various acute and chronic infections. Approximately more than 300 vendors are offering a wide array of products worldwide.

All companies that primarily derive revenue from bioactive wound care products are growing at a significant rate over the past years. Multiple product launches, strategic acquisitions, and diversified product portfolio fueled their growth in recent years. New product launches and strategic acquisitions, collaborations, will be crucial for companies to maintain revenue growth in the coming years.

Key Vendors

3M
Acelity
ConvaTec
Mlnlycke Health Care
PAUL HARTMANN
Smith & Nephew Acelity

Prominent Vendors

Advanced Medical Solutions Group
Advancis Medical
AediCell
AMERX Health Care
Aspen Surgical
Axio Biosolutions
B.Braun Melsungen
BD
BSN medical
BTI Biotechnology Institute
Cardinal Health
CGbio
Covalon Technologies
DermaRite Industries
DeRoyal Industries
Ethicon
Hollister
Integra LifeSciences
Kaken Pharmaceutical
Lohmann & Rauscher (L&R)
Medline Industries
MiMedx
MPM Medical
MTF Biologics
Organogenesis
SK Bioland
Sutherland Medical
TRIAGE MEDITECH
URGO Group
Vericel

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.1 Market Segmentation by Wound Type
4.4.2 Market Segmentation by End-user Type
4.4.3 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Bioactive Wound Care: Overview
7.1.1 Background
7.1.2 Bioactive Wound Care for Acute and Chronic Wounds
7.1.3 Bioactive Wound Care: Market Snapshot

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Increasing Incidences of Acute and Chronic Wounds
8.1.2 Growing Preference for Tissue-Engineered Skin Substitutes and Growth Factors
8.1.3 High Demand for Medicated Wound Dressing Products
8.2 Market Growth Restraints
8.2.1 High Cost of Bioactive Wound Care Products
8.2.2 Greater Availability of Substitutes for Bioactive Wound Care Products
8.2.3 Shortage of Adequate Resources for Bioactive Wound Care
8.3 Market Opportunities and Trends
8.3.1 Emergence of Stem Cell Therapy
8.3.2 Advent of Smart Bioactive Wound Dressings
8.3.3 Growing Preference for Combination Dressings

9 Global Bioactive Wound Care Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry

10 By Product Type
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.3 Antimicrobial Dressings
10.4 Wound Care Biologics
10.5 Hydrocolloid Dressings
10.6 Alginate Dressings
10.7 Collagen Dressings

11 By Wound Type
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Acute Wounds
11.4 Chronic Wounds

12 By End Users
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Hospitals & Specialty Wound Care Clinics
12.4 Long-term Care Facilities
12.5 Home Healthcare
12.6 Others

13 By Geography
13.1 Market Snapshot & Growth Engine
13.2 Overview

14 North America

15 Europe

16 APAC

17 Latin America

18 Middle-East & Africa

19 Competitive Landscape
19.1 Competition Overview
19.2 Market Share Analysis

20 Key Company Profiles

21 Other Prominent Vendors

For more information about this report visit https://www.researchandmarkets.com/r/m5zada

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets