Advanced Wound Therapy Devices Market Research Report – Global Forecast till 2027

Advanced Wound Therapy Devices Market Research Report: by Type (Negative Pressure Wound Therapy Systems, Electric Stimulation Devices, Hyperbaric Oxygen Equipment, Pressure Relief Devices, Others), by End-user (Hospitals & Clinics, Home Care Settings, Others), and Region - Global Forecast till 2027

ID: MRFR/HC/5952-CR | February 2019 | Region: Global | 98 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview


Advanced wound care is an emerging sector which provides devices and solutions to manage acute and chronic wounds. Advanced wound therapy devices can treat wounds culminated from diabetes, pressure ulcers, venous disease, and others.


The advanced wound therapy devices market is expected to touch a valuation of USD 2,804.53 million by 2023. This can be attributed to high prevalence of diabetes and chronic wounds, growing aging populace, and innovations in devices. The market is predicted to exhibit 6.70% CAGR over the forecast period (2018-2023).


The growing geriatric populace which is susceptible to diabetes and peripheral vascular disease can open up opportunities for the market. This can be attributed to aged skin slowing down healing rates. In addition, development of advanced devices which can expedite the healing process in chronic wounds is likely to bolster demand in the advanced wound therapy devices market. But high costs of these devices can threaten its growth.


Segmentation Overview


The advanced wound therapy devices market is segmented by type and end-user. Types of therapy devices include electric stimulation devices, hyperbaric oxygen equipment, pressure relief devices, negative pressure wound therapy systems, and others. ‘Others’ include ozone-oxygen therapy, electromagnetic therapy, and intermittent pneuamtic compression. End-users outlined in the advanced wound therapy devices market report include home care settings, hospitals & clinics, and others. 


Regional Overview


Based on regions, the advanced wound therapy devices market is segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Americas can dominate the global market owing to various advanced wound treatment options. According to the Intermountain Healthcare article in 2017, nearly 6.5 million people in the U.S. have chronic wounds. On the other hand, the APAC region is expected to display a robust CAGR over the forecast period thanks to awareness of negative pressure wound therapy among patients.


Competitive Landscape


Key players in the advanced wound therapy devices market report include Smith & Nephew plc (U.K.), Mölnlycke Health Care AB (Sweden), B. Braun Melsungen AG (Germany), ConvaTec Inc. (U.K.), Cardinal Health (U.S.), KCI Licensing, Inc. (U.S.), Lohmann & Rauscher GmbH & Co. KG (Germany), DeRoyal Industries, Inc. (U.S.), Medela AG (Switzerland), Perry Baromedical (U.S.), Triage Meditech Pvt. Ltd. (India), and Sechrist (U.S.).


Research Methodology


By employing meticulous strategies, competent data analysts of Market Research Future collect information and study them extensively before predicting the future market size with a detailed listing of the relevant market segments. Interviews with prime decision makers of various trendsetting companies of the apposite market give the primary research much prominence. The secondary method includes a minute analysis of the present and the past trends to have a better grasp of the upcoming market scenario. To increase the precision of the obtained data, top-down & bottom-up approaches have been integrated into the system which gives a walk-through of the demand and supply equation. Furthermore, by adhering to credible resources such as annual reports, SEC filings, and white papers, our data analysts empower themselves with subtle comprehension of the germane product before proceeding to discuss market factors. The intent is to provide a holistic view of the sector by judging it against irreproachable parameters and enriching it with significant inputs.


Analysis Period



  • Base Year - 2017

  • Projection Period - 2018 to 2023

  • Market Valuation - USD Million


For the scope of the report, the advanced wound therapy devices market is segmented in the following manner


Type



  • Negative Pressure Wound Therapy Systems

  • Electric Stimulation Devices

  • Hyperbaric Oxygen Equipment

  • Pressure Relief Devices

  • Others


End-user



  • Hospitals & Clinics

  • Home Care Settings

  • Others


Region



  • Americas

    • North America

      • The U.S.

      • Canada



    • South America



  •  Europe

    • Western Europe

      • The U.K.

      • Italy

      • Spain

      • France

      • Germany

      • Rest of Western Europe



    • Eastern Europe



  •  Asia Pacific (APAC)

    • China

    • Japan

    • India

    • Australia

    • Republic of Korea

    • Rest of Asia Pacific



  •  The Middle East & Africa (MEA)

    • The Middle East

    • Africa





Frequently Asked Questions (FAQ) :


The global advanced wound therapy devices market is expected to reach a valuation of more than USD 2.8 billion by 2023.

The global advanced wound therapy devices market is expected to exhibit a solid 6.7% CAGR over the forecast period from 2020 to 2027.

The increasing prevalence of diabetes and other diseases that cause chronic wounds is likely to be a major driver for the advanced wound therapy devices market.

Lack of awareness and high prices of the devices are the major restraints on the advanced wound therapy devices market.

Negative pressure wound therapy systems dominate the global advanced wound therapy devices market, accounting for more than 42% of the market in 2017.

Global Advanced Wound Therapy Devices Market - Summary


Overview


The wound care industry is dynamic in nature with new technological breakthroughs offering solutions for slow-healing or post-surgical wounds. Advanced wound care products are designed for the geriatric populace who suffer from a slow healing rate due to aging and their low immunity levels. The products comprise colloids, hydrogels, and film dressings which can expedite healing by keeping the wounded area moist without clogging it.


The advanced wound therapy devices market is anticipated to reach a value of USD 2,804.53 million by 2023, by growing at 6.70% CAGR over the forecast period (2018-2023). High prevalence of diabetes is expected to drive the market growth exponentially. Occurrence of chronic wounds and burns can offer opportunities to the market.


The expanding geriatric population is another driver of the market. Aging and prevalence of peripheral vascular disease are likely to culminate in pressure ulcers. This can provide new avenues for the advanced wound therapy devices market to expand. Continuous flurry of innovations by prominent device manufacturers can bolster the demand for products among clinicians.


Industry Opportunity


Reimbursement schemes designed to incentivize physicians and promote the sale of products can bode well for the advanced wound therapy devices market. In January 2017, Medicare announced separate provisions for covering treatment options for hyperbaric oxygen therapy (HBO) in case of diabetic wounds and crash injuries. The move is equally advocated in European countries which have diagnose-related-groups (DRG) payment systems for negative pressure wound therapy (NPWT).


Segmentation Analysis


Types of apparatus in the advanced wound therapy devices market include hyperbaric oxygen equipment, negative pressure wound therapy systems, pressure relief devices, electric stimulation devices, and others. Negative pressure wound therapy systems accounted for the largest market share in 2017 owing to its effective treatment of acute and chronic wounds. In addition, the high rate of burn injuries is likely to fuel segment growth. On the other hand, pressure relief devices can exhibit a stellar growth rate owing to rising cases of diabetes. Government initiatives to reduce the management rates of diabetics can spur the segment growth till 2023.


End-users making use of these devices include hospitals & clinics, home care settings, and others. Hospitals & clinics can register a high growth rate thanks to the mushrooming of hospital chains offering novel treatments. In addition, the prevalence of chronic diseases is expected to augur well for the segment.


Regional Analysis


Geographic segmentation of the advanced wound therapy devices market is focused on the following regions – Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). Among them, the Americas is expected to maintain its dominant position in the market owing to high prevalence of chronic wounds and diabetes. Rising awareness and demand for advanced wound care products is likely to propel the growth in the region.


The Europe advanced wound therapy devices market can attain a decent windfall owing to presence of reputed players and technological advances of products. In addition, government schemes to minimize patient costs and prevalence of chronic wounds are factors driving the regional growth.


The APAC region is expected to expand at a rapid clip owing to increasing cases of wounds and injuries, awareness of advanced wound care treatments, and technological advances. Focus of prominent players in the region coupled with the large patient pool in China and India can drive the regional market growth.


Competitive Landscape


Prominent manufacturers include Medela AG (Switzerland), ConvaTec Inc. (U.K.), Triage Meditech Pvt. Ltd. (India), Perry Baromedical (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health (U.S.), Smith & Nephew plc (U.K.), Mölnlycke Health Care AB (Sweden), DeRoyal Industries, Inc. (U.S.), KCI Licensing, Inc. (U.S.), Lohmann & Rauscher GmbH & Co. KG (Germany), and Sechrist (U.S.).

1 Report Prologue

2 Market Introduction

2.1 Definition 14

2.2 Scope of the Study 14

2.3 List of Assumptions 15

2.4 Market Structure 15

3 Research Methodology

3.1 Research Process 17

3.2 Primary Research 18

3.3 Secondary Research 19

3.4 Market Size Estimation 19

3.5 Forecast Model 20

4 Market Dynamics

4.1 Introduction 22

4.2 Drivers 22

4.2.1 Growing Prevalence of Diabetes and Chronic Wounds 22

4.2.2 Rapidly Growing Geriatric Population 23

4.2.3 Growing Innovations in Advanced Wound Therapy Devices 23

4.3 Restraint 23

4.3.1 High Cost of Advanced Wound Therapy Devices 23

4.4 Opportunity 24

4.4.1 Growing Reimbursement for Advanced Wound Therapy Devices 24

5 Market Factor Analysis

5.1 Value Chain Analysis 26

5.1.1 R&D and Designing 26

5.1.2 Manufacturing 26

5.1.3 Distribution & Sales 26

5.1.4 Post-Sales Review 26

5.2 Porter’s Five Forces Model 27

5.2.1 Bargaining Power of Suppliers 28

5.2.2 Bargaining Power of Buyers 28

5.2.3 Threat of New Entrants 28

5.2.4 Threat of Substitutes 28

5.2.5 Intense Rivalry 28

5.3 Investment Opportunities 29

5.4 Pricing Analysis 30

6 Advanced Wound Therapy Devices, By Type

6.1 Introduction 32

6.1.1 Negative Pressure Wound Therapy Systems 33

6.1.2 Pressure Relief Devices 33

6.1.3 Hyperbaric Oxygen Equipment 34

6.1.4 Electrical Stimulation Devices 35

6.1.5 Others 35

7 Advanced Wound Therapy Devices Market, By End User

7.1 Introduction 37

7.1.1 Hospitals and Clinics 37

7.1.2 Home Care Settings 38

7.1.3 Others 39

8 Global Advanced Wound Therapy Devices Market, By Region

8.1 Introduction 41

8.2 Americas 42

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.2.1 North America 44

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.2.1.1 US 45

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.2.1.2 Canada 46

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.2.2 South America 47

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3 Europe 49

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.1 Western Europe 51

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.1.1 Germany 53

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.1.2 France 54

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.1.3 UK 55

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.1.4 Italy 56

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.1.5 Spain 57

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.1.6 Rest of Western Europe 58

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.3.2 Eastern Europe 59

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.4 Asia-Pacific 60

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.4.1 Japan 62

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.4.2 China 63

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.4.3 India 64

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.4.4 Australia 65

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.4.5 Republic of Korea 66

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.4.6 Rest of Asia-Pacific 67

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.5 Middle East & Africa 68

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.5.1 Middle East 70

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

8.5.2 Africa 71

Advanced Wound Therapy Devices, By Type

Advanced Wound Therapy Devices Market, By End User

9 Competitive Landscape

9.1 Company Market Share Analysis 73

9.1.1 Introduction 73

10 Company Profiles

10.1 Smith & Nephew 76

10.1.1 Company Overview 76

10.1.2 Financial Overview 76

10.1.3 Products/Services Offered 76

10.1.4 SWOT Analysis 77

10.1.5 Key Development 77

10.1.6 Key Strategies 77

10.2 Mölnlycke Health Care AB 78

10.2.1 Company Overview 78

10.2.2 Financial Overview 78

10.2.3 Products/Services Offered 78

10.2.4 SWOT Analysis 79

10.2.5 Key Developments 79

10.2.6 Key strategy 79

10.3 B. Braun Melsungen AG 80

10.3.1 Company Overview 80

10.3.2 Financial Overview 80

10.3.3 Products/Services Offered 81

10.3.4 SWOT Analysis 81

10.3.5 Key Developments 81

10.3.6 Key strategy 81

10.4 ConvaTec Inc. 82

10.4.1 Company Overview 82

10.4.2 Financial Overview 82

10.4.3 Products/Services Offered 82

10.4.4 SWOT Analysis 83

10.4.5 Key Developments 83

10.4.6 Key Strategy 83

10.5 Cardinal Health 84

10.5.1 Company Overview 84

10.5.2 Financial Overview 84

10.5.3 Products/Services Offered 85

10.5.4 SWOT Analysis 85

10.5.5 Key Developments 85

10.5.6 Key Strategy 85

10.6 KCI Licensing, Inc. 86

10.6.1 Company Overview 86

10.6.2 Financial Overview 86

10.6.3 Products/Services Offered 86

10.6.4 SWOT Analysis 86

10.6.5 Key Development 86

10.6.6 Key Strategy 87

10.7 Lohmann & Rauscher GmbH & Co. KG 88

10.7.1 Company Overview 88

10.7.2 Financial Overview 88

10.7.3 Products/Services Offered 88

10.7.4 SWOT Analysis 88

10.7.5 Key Development 88

10.7.6 Key Strategy 88

10.8 DeRoyal Industries, Inc. 89

10.8.1 Company Overview 89

10.8.2 Financial Overview 89

10.8.3 Products/Services Offered 89

10.8.4 SWOT Analysis 89

10.8.5 Key Development 89

10.8.6 Key Strategy 89

10.9 Medela AG 90

10.9.1 Company Overview 90

10.9.2 Financial Overview 90

10.9.3 Products/Services Offered 90

10.9.4 SWOT Analysis 90

10.9.5 Key Development 90

10.9.6 Key Strategy 90

10.10 Perry Baromedical 91

10.10.1 Company Overview 91

10.10.2 Financial Overview 91

10.10.3 Products/Services Offered 91

10.10.4 SWOT Analysis 91

10.10.5 Key Development 91

10.10.6 Key Strategy 91

10.11 Triage Meditech Pvt. Ltd. 92

10.11.1 Company Overview 92

10.11.2 Financial Overview 92

10.11.3 Products/Services Offered 92

10.11.4 SWOT Analysis 92

10.11.5 Key Development 92

10.11.6 Key Strategy 93

10.12 Sechrist 94

10.12.1 Company Overview 94

10.12.2 Financial Overview 94

10.12.3 Products/Services Offered 94

10.12.4 SWOT Analysis 94

10.12.5 Key Development 94

10.12.6 Key Strategy 94

11 Appendix

11.1 Discussion Blue Print 96

12 List of Tables

TABLE 1 LIST OF ASSUMPTIONS 15

TABLE 2 PRICING RANGE FOR DEVICE CATEGORY 30

TABLE 3 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 32

TABLE 4 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET FOR NEGATIVE PRESSURE WOUND THERAPY SYSTEMS, BY REGION 2020-2027 (USD MILLION) 33

TABLE 5 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET FOR PRESSURE RELIEF DEVICES, BY REGION 2020-2027 (USD MILLION) 34

TABLE 6 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET FOR HYPERBARIC OXYGEN EQUIPMENT, BY REGION 2020-2027 (USD MILLION) 34

TABLE 7 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET FOR ELECTRICAL STIMULATION DEVICES, BY REGION 2020-2027 (USD MILLION) 35

TABLE 8 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 37

TABLE 9 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET FOR HOSPITALS AND CLINICS, BY REGION 2020-2027 (USD MILLION) 38

TABLE 10 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET FOR HOME CARE SETTINGS, BY REGION 2020-2027 (USD MILLION) 38

TABLE 11 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, BY REGION 2020-2027 (USD MILLION) 41

TABLE 12 AMERICAS: ADVANCED WOUND THERAPY DEVICES MARKET, BY REGION 2020-2027 (USD MILLION) 42

TABLE 13 AMERICAS: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 43

TABLE 14 AMERICAS: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 43

TABLE 15 NORTH AMERICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY COUNTRY 2020-2027 (USD MILLION) 44

TABLE 16 NORTH AMERICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 44

TABLE 17 NORTH AMERICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 45

TABLE 18 US: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 45

TABLE 19 US: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 46

TABLE 20 CANADA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 46

TABLE 21 CANADA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 47

TABLE 22 SOUTH AMERICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 47

TABLE 23 SOUTH AMERICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 48

TABLE 24 EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY REGION 2020-2027 (USD MILLION) 49

TABLE 25 EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 50

TABLE 26 EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 50

TABLE 27 WESTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY COUNTRY 2020-2027 (USD MILLION) 51

TABLE 28 WESTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 52

TABLE 29 WESTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 52

TABLE 30 GERMANY: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 53

TABLE 31 GERMANY: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 53

TABLE 32 FRANCE: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 54

TABLE 33 FRANCE: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 54

TABLE 34 UK: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 55

TABLE 35 UK: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 55

TABLE 36 ITALY: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 56

TABLE 37 ITALY: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 56

TABLE 38 SPAIN: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 57

TABLE 39 SPAIN: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 57

TABLE 40 REST OF WESTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 58

TABLE 41 REST OF WESTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 58

TABLE 42 EASTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 59

TABLE 43 EASTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 59

TABLE 44 ASIA-PACIFIC: ADVANCED WOUND THERAPY DEVICES MARKET, BY COUNTRY 2020-2027 (USD MILLION) 60

TABLE 45 ASIA-PACIFIC: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 61

TABLE 46 ASIA-PACIFIC: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 61

TABLE 47 JAPAN: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 62

TABLE 48 JAPAN: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 62

TABLE 49 CHINA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 63

TABLE 50 CHINA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 63

TABLE 51 INDIA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 64

TABLE 52 INDIA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 64

TABLE 53 AUSTRALIA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 65

TABLE 54 AUSTRALIA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 65

TABLE 55 REPUBLIC OF KOREA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 66

TABLE 56 REPUBLIC OF KOREA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 66

TABLE 57 REST OF ASIA-PACIFIC: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 67

TABLE 58 REST OF ASIA-PACIFIC: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 67

TABLE 59 MIDDLE EAST & AFRICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY REGION 2020-2027 (USD MILLION) 68

TABLE 60 MIDDLE EAST & AFRICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 69

TABLE 61 MIDDLE EAST & AFRICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 69

TABLE 62 MIDDLE EAST: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 70

TABLE 63 MIDDLE EAST: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 70

TABLE 64 AFRICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020-2027 (USD MILLION) 71

TABLE 65 AFRICA: ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020-2027 (USD MILLION) 71


13 List of Figures

FIGURE 1 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET: MARKET STRUCTURE 15

FIGURE 2 RESEARCH PROCESS 17

FIGURE 3 FIGURE 2TOP-DOWN & BOTTOM-UP APPROACH 20

FIGURE 4 MARKET DYNAMICS: ANALYSIS OF THE GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET 22

FIGURE 5 VALUE CHAIN: GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET 26

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS: GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET 27

FIGURE 7 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, BY TYPE 2020 & 2027 (USD MILLION) 32

FIGURE 8 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, BY END USER 2020 & 2027 (USD MILLION) 37

FIGURE 9 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, BY REGION 2020 & 2027 (USD MILLION) 41

FIGURE 10 AMERICAS: ADVANCED WOUND THERAPY DEVICES MARKET SHARE, BY REGION 2020 (%) 42

FIGURE 11 NORTH AMERICA: ADVANCED WOUND THERAPY DEVICES MARKET SHARE, BY COUNTRY 2020 (%) 44

FIGURE 12 EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET SHARE, BY REGION 2020 (%) 49

FIGURE 13 WESTERN EUROPE: ADVANCED WOUND THERAPY DEVICES MARKET SHARE, BY COUNTRY 2020 (%) 51

FIGURE 14 ASIA-PACIFIC: ADVANCED WOUND THERAPY DEVICES MARKET SHARE, BY COUNTRY 2020 (%) 60

FIGURE 15 MIDDLE EAST & AFRICA: ADVANCED WOUND THERAPY DEVICES MARKET SHARE, BY REGION 2020 (%) 68

FIGURE 16 GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, MARKET SHARE ANALYSIS 2020 (% SHARE) 73



This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.

1.1          Company Market Share Analysis


1.1.1      Introduction


Numerous players are operating in the global advanced wound therapy devices market. Some of the big players have captured a significant share in the global market, taking advantage of their strong positions and presence in the global market. In the global advanced wound therapy devices market, major companies are opting for new product launches, strategic partnerships, and collaborations to strengthen their market position.


FIGURE 1              GLOBAL ADVANCED WOUND THERAPY DEVICES MARKET, MARKET SHARE ANALYSIS 2017 (% SHARE)


ADVANCED WOUND THERAPY DEVICES MARKET


Source: Annual Report, Company Website, Press Releases, and MRFR Analysis


The top players in the global advanced wound therapy devices market are Smith and Nephew, Acelity L.P., ConvaTec Group, Mölnlycke, and others.


Acelity L.P. accounted for a share of 36.1% of the global advanced wound therapy devices market in 2017. It is a leader in the global advanced wound therapy devices market and operates as Kinetic Concepts, Inc. in the advanced wound therapeutics business. The company operates in business segments including wound management, open abdomen management, incision management, epidermal harvesting, and animal health. The company has a presence in more than 90 countries. The company emphasizes on providing quality, safety, and better customer experience. The company is also expanding its portfolio by introducing new products to the market. For instance, in December 2018, the company introduced the V.A.C.RX4 System in the market. The V.A.C.RX4 System is a negative pressure wound therapy used for traumatic wounds.


Mölnlycke Health Care AB accounted for the second-largest market share of 13.9% in 2017. It operates in wound management, pressure ulcer prevention, and surgical solutions business segments. Moreover, the company has a strong presence all over the world, and it markets its products in more than 63 countries. Mölnlycke has a strong distribution network in all major markets. Strategic partnerships, collaborations, and mergers and acquisitions play an important role in the development of the company.


Smith & Nephew operates in ear, nose and throat, endoscopy, orthopedic reconstruction, trauma, and wound management. The company accounted for 10.3 % of the total market share in 2017. The company focuses on maintaining the integrity and ethical conduct and is a trusted brand across the world. The company operates in more than 100 countries and has a strong brand name in the medical devices industry. Moreover, the company focuses on acquiring market players to expand its portfolio and to gain the maximum market share. For instance, in October 2017, the company acquired Rotation Medical Inc. for USD 250 million. This acquisition would help the company to enter into the shoulder replacement segment.


ConvaTec Group holds a 6.1% market share in the global advanced wound therapy devices market. The company is a major player in the medical technology market and operates in areas such as advanced wound care, ostomy care, continence and critical care (CCC), and infusion devices. The company gives prominence to provide wound care therapies for chronic wounds. The company has a strong presence in Europe and Asia-Pacific.


Some other major players operating in the global advanced wound therapy devices market are B. Braun Melsungen AG, Cardinal Health, Lohmann & Rauscher GmbH & Co. KG, DeRoyal Industries, Inc., Medela AG, Perry Baromedical, and Triage Meditech Pvt. Ltd, and others.