SAN FRANCISCO, April 8, 2020 /PRNewswire/ -- The global advanced wound care market size is expected to reach USD 9.3 billion by 2027, expanding at a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising surgical procedures and increasing number of ambulatory surgical centers (ASCs) are some of the key factors driving the market for advanced wound care.

Key suggestions from the report:

• By product, the moist segment held the largest market share in 2019 as it is used in providing first-aid to the patients
• Based on application, the chronic segment is anticipated to witness the fastest growth over the forecast period owing to rising cases of diabetes among all age groups
• On the basis of end use, home healthcare is expected to witness the fastest growth over the forecast period due to increasing demand for reduced hospital stay and growing geriatric population
• Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising number of surgical procedures and increasing cases of sports injuries
• Key players operating in the advanced wound care market include Smith & Nephew PLC; Molnlycke Health Care AB; Acelity (KCI Licensing, Inc.); ConvaTec Group PLC; Baxter; Coloplast Corp.; Medtronic; 3M; Derma Sciences Inc. (Integra Lifesciences); and Medline Industries, Inc.

Read 120 page research report with ToC on "Advanced Wound Care Market Size, Share & Trends Analysis Report By Product (Moist, Antimicrobial, Active), By Application (Chronic, Acute), By End Use, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/advanced-wound-care-market

Rising number of road accidents is one of the major factors increasing the demand for advanced wound care products. Moist wound care such as foam, hydrocolloid, film, and collagen dressings are used for the injuries caused by road crash. These advanced wound dressings keep the injury hydrated and allow rapid healing. Moreover, patients who have suffered from severe road crash injuries, such as 2nd and 3rd degree burns, are treated using skin-substitutes and biomaterials.

According to the Association for Safe International Road Travel (ASIRT), approximately 20-50 million people suffer from injuries and disability from road crash globally. It also reported that road accidents are the ninth leading cause of death globally.

In addition, the WHO reported that road accidents cost most of the countries around 3.00% of their gross domestic product (GDP). Factors responsible for road accidents include speeding, alcohol and psychoactive substance influence, unsafe road infrastructure and vehicles, non-use of helmets and seat belts, distracted driving, inadequate post-crash care, and inadequate law enforcement. According to the WHO, 93% of the world's road fatalities occur in low and middle income countries due to the aforementioned factors. 

Grand View Research has segmented the global advanced wound care market based on product, application, end use, and region:

• Advanced Wound Care Product Outlook (Revenue, USD Million, 2016 - 2027)
• • Moist
  • • Foam Dressings
    • Hydrocolloid Dressings
    • Film Dressings
    • Alginate Dressings
    • Hydrogel Dressings
    • Collagen Dressings
    • Other Advanced Dressings
  • Antimicrobial
  • • Silver
    • Non-silver
  • Active
  • • Biomaterials
    • Skin-substitute
• Advanced Wound Care Application Outlook (Revenue, USD Million, 2016 - 2027)
• • Chronic
  • • Diabetic Foot Ulcers
    • Pressure Ulcers
    • Venous Leg Ulcers
    • Others
  • Acute
  • • Surgical & Traumatic Wounds
    • Burns
• Advanced Wound Care End-use Outlook (Revenue, USD Million, 2016 - 2027)
• • Hospitals
  • Specialty Clinics
  • Home Healthcare
  • Others
• Advanced Wound Care Regional Outlook (Revenue, USD Million, 2016 - 2027)
• • North America
  • • U.S.
    • Canada
  • Europe
  • • U.K.
    • Germany
  • Asia Pacific
  • • Japan
    • China
  • Latin America
  • • Brazil
    • Mexico
  • Middle East & Africa
  • • South Africa
    • Saudi Arabia

Find more research reports on Medical Devices Industry, by Grand View Research:

• Patient Handling Equipment Market – The global patient handling equipment market was valued at USD 9.6 billion in 2015. The increasing emphasis on regulations and guidelines.
• Manual Resuscitators Market – The global manual resuscitators market size was valued at USD 436.1 million in 2018. The market of manual resuscitators also known as Bag Valve Masks.
• Wound Therapy Devices Market – The global digital patient monitoring devices market size was valued at USD 38 billion in 2018 and is expected to expand at a CAGR of 27.9% over the forecast period.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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