North America Advanced Wound Care Market to Reach 5.1 Billion USD in 2020

Pune, India, November 2, 2015 (Newswire.com) - The advanced wound care market is segmented based on types, into 3 categories dressings, active wound care and therapy devices. The dressings segment have accounted for the highest share by value, whereas active wound care segment is expected to register highest growth in this market. Based on products the type sub segments are further divided into following product types:

ADVANCED WOUND CARE DRESSINGS:

Foam Dressings

Hydrocolloids

Hydrofiber

Film Dressings

Alginates

Collagen

Hydrogels

Wound Contact Layers

Superabsorbent Dressings

ACTIVE WOUND CARE

Composite Skin Graft

Biologic Grafts

  -  Autograft

  -  Allograft

  -  Xenograft

Growth Factors

WOUND CARE THERAPY DEVICES

Negative Pressure Wound Therapy Devices (NPWT)

  - Stand-Alone NPWT Devices

  - Portable NPWT Devices

  - Disposable NPWT Devices

Pressure Relief Devices

Hyberbaric Oxygen Chambers

Wound Debridement Devices

Others

The usage of these devices are used for treatment of different kinds of wound indications, the usage of this market is depicted in terms of market value. Based on indications the advanced wound care market is categorized into 4 segments, such as ulcers (Diabetic ulcers, Pressure ulcers, Venous ulcers), Surgical wounds, Traumatic wounds and Burn wounds. These products have a highest usage in diabetic ulcers as of 2014, and is expected to be the same in 2020.

The market covers 3 countries in the North American market of advanced wound care, namely U.S., Canada and Mexico. U.S. accounts for the lion’s share of this market also are expected to grow fastest in the forecast period of 2015 to 2020. 

The market is driven by the rising incidence of geriatric population and increasing impedance of diabetic patients in the U.S. Also the market is experiencing a surge in market growth due to the healthcare needs of fast and painless wound healing. Traditional wound care market is declining faster than expected owing to the surplus technological advancements in the advanced wound care market. The market is seeing different strategic moves from major players in this market like Smith and Nephew, Plc., Kinetic Concepts, Inc. (now a Acelity company), Molyncke Healthcare and also the large number of new entrants that are attracted every year owing to the huge potential of this market.

Some of the major players operating in this market are 3M Healthcare, Smith And Nephew, Plc., Covidien (A Medtronic Company), Kinetic Concepts, Inc. ( A Acelity Company) , Molyncke Healthcare, Convatec, Inc., Systagenix (A Acelity Company), Baxter International, Inc., Coloplast, Ethicon, Inc., Hollister, Inc., Integra Lifesciences, Derma Sciences, Spiracur, Inc., Devon Medical Products, Medline Industries, BSN Medical, Organogenesis, Inc., Talley Group, MiMedx Among Other Vernacular Players. Detailed Company profiles of the market players, financial information, product launch, mergers, acquisitions and new distribution and branding strategies are included in this report.

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