Wound Closure & Advanced Wound Care Market by Product (Collagen-Based Sealants, Fibrin-Based Sealants, Hydrocolloids-Based Sealants), Application (Acute Wounds, Chronic Wounds), End-User - Global Forecast 2024-2030


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Wound Closure & Advanced Wound Care Market by Product (Collagen-Based Sealants, Fibrin-Based Sealants, Hydrocolloids-Based Sealants), Application (Acute Wounds, Chronic Wounds), End-User - Global Forecast 2024-2030


The Wound Closure & Advanced Wound Care Market size was estimated at USD 16.34 billion in 2023 and expected to reach USD 17.86 billion in 2024, at a CAGR 9.47% to reach USD 30.78 billion by 2030.

Global Wound Closure & Advanced Wound Care Market

Wound closure is a medical procedure aimed at approximating the edges of a wound to facilitate healing and minimize the risk of infection. This process is crucial for restoring the skin's integrity and function following an injury or surgery. Wound closure techniques vary depending on the nature and severity of the wound and include sutures, staples, adhesive tapes, and adhesives. Moreover, enhanced investment in healthcare and focus on reducing hospital stays contribute positively to market growth. However, the high costs associated with wound care and management and the complexity issues associated with chronic wound treatments may challenge the market growth. Nevertheless, the introduction of smart wound care solutions incorporating sensors and data analytics to monitor wound healing and reduce complications is expected to offer significant opportunities for the market. Moreover, advances in tissue engineering and stem cell therapy offer significant opportunities within the market.

Regional Insights

The wound closure and advanced wound care market in the Americas is highly developed, with well-established healthcare infrastructure supporting R&D and distribution. Consumer needs in the Americas are geared towards high-quality and technologically advanced products, focusing on minimally invasive solutions. The U.S. hosts several ground-breaking research initiatives, often backed by large investments from both private and public sectors. The market has also seen a wave of initiatives aiming to address the opioid crisis by developing alternative pain management solutions for post-surgical care. The EMEA region presents a diverse market with varying degrees of product adoption and healthcare spending. With their standardized regulatory framework, the European Union countries offer a stable market for advanced wound care products. Consumer needs across EMEA vary greatly, with Western Europe favoring cutting-edge products, while price sensitivity is more pronounced in Africa and the Middle East. The EMEA region is an active site for the latest patents and research, which often benefit from EU funding and initiatives such as Horizon Europe. The Asia Pacific region is witnessing significant growth in the wound closure and advanced wound care market. This can be attributed to an increasing aging population, a rising incidence of chronic wounds, and an expanding healthcare infrastructure. Consumer needs within the region are driven by a demand for cost-effective products due to high out-of-pocket healthcare spending. Recent investments are focused on improving product accessibility and expanding local production capabilities.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Wound Closure & Advanced Wound Care Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wound Closure & Advanced Wound Care Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Wound Closure & Advanced Wound Care Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Argentum Medical, Axio Biosolutions Private Limited by Advamedica Inc., B. Braun SE, Cardinal Health, Inc., Coloplast A/S, Convatec Limited, Essity AB, Hollister Incorporated, Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Lohmann & Rauscher GmbH & Co. KG, Medline Industries, LP, Medtronic PLC, MIMEDX Group, Inc., Misonix, Inc. by Bioventus LLC, Mölnlycke Health Care AB, Organogenesis Inc., Paul Hartmann AG, PolarityTE, Inc., Smith & Nephew PLC, Tides Medical, Tissue Regenix Ltd., Urgo Ltd., and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Wound Closure & Advanced Wound Care Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Collagen-Based Sealants
Fibrin-Based Sealants
Hydrocolloids-Based Sealants
Synthetic Adhesives
Application
Acute Wounds
Burns
Surgical & Traumatic Wounds
Chronic Wounds
Diabetic Foot Ulcer
Pressure Ulcer
Venous Leg Ulcer
End-User
Clinics
Home Healthcare
Hospitals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Wound Closure & Advanced Wound Care Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wound Closure & Advanced Wound Care Market?
3. What are the technology trends and regulatory frameworks in the Wound Closure & Advanced Wound Care Market?
4. What is the market share of the leading vendors in the Wound Closure & Advanced Wound Care Market?
5. Which modes and strategic moves are suitable for entering the Wound Closure & Advanced Wound Care Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Wound Closure & Advanced Wound Care Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing geriatric population an increasing number of patients with chronic wounds
5.1.1.2. Improving healthcare infrastructure and access across economies
5.1.1.3. Globally rising rate of accidents and trauma cases
5.1.2. Restraints
5.1.2.1. High cost associated with wound care and management
5.1.3. Opportunities
5.1.3.1. Introduction of smart wound care products and technologies
5.1.3.2. Development of burn care centers in economies
5.1.4. Challenges
5.1.4.1. Complexity issues associated with chronic wound treatments
5.2. Market Segmentation Analysis
5.2.1. Product: Proliferation of collagen-based sealants to support tissue healing
5.2.2. Application: Preferences for wound closure & advanced wound care in chronic wounds such as diabetic foot ulcers
5.2.3. End-User: Increased adoption in hospital setting owing to procedures ranging from surgery to emergency care
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Wound Closure & Advanced Wound Care Market, by Product
6.1. Introduction
6.2. Collagen-Based Sealants
6.3. Fibrin-Based Sealants
6.4. Hydrocolloids-Based Sealants
6.5. Synthetic Adhesives
7. Wound Closure & Advanced Wound Care Market, by Application
7.1. Introduction
7.2. Acute Wounds
7.3.1. Burns
7.3.2. Surgical & Traumatic Wounds
7.3. Chronic Wounds
7.4.1. Diabetic Foot Ulcer
7.4.2. Pressure Ulcer
7.4.3. Venous Leg Ulcer
8. Wound Closure & Advanced Wound Care Market, by End-User
8.1. Introduction
8.2. Clinics
8.3. Home Healthcare
8.4. Hospitals
9. Americas Wound Closure & Advanced Wound Care Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Wound Closure & Advanced Wound Care Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Wound Closure & Advanced Wound Care Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Coloplast Expands Wound Care Offerings with Kerecis Acquisition
12.3.2. New Product Launch & Enhancement
12.3.2.1. DuPont Launches New Soft Skin Adhesive for Wound Care Dressings
12.3.3. Investment & Funding
12.3.3.1. Innosphere Ventures Fund Announces Major Investment in GelSana to Revolutionize Advanced Wound Care
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. 3M Company
13.1.2. Argentum Medical
13.1.3. Axio Biosolutions Private Limited by Advamedica Inc.
13.1.4. B. Braun SE
13.1.5. Cardinal Health, Inc.
13.1.6. Coloplast A/S
13.1.7. Convatec Limited
13.1.8. Essity AB
13.1.9. Hollister Incorporated
13.1.10. Integra LifeSciences Corporation
13.1.11. Johnson & Johnson Services, Inc.
13.1.12. Lohmann & Rauscher GmbH & Co. KG
13.1.13. Medline Industries, LP
13.1.14. Medtronic PLC
13.1.15. MIMEDX Group, Inc.
13.1.16. Misonix, Inc. by Bioventus LLC
13.1.17. Mölnlycke Health Care AB
13.1.18. Organogenesis Inc.
13.1.19. Paul Hartmann AG
13.1.20. PolarityTE, Inc.
13.1.21. Smith & Nephew PLC
13.1.22. Tides Medical
13.1.23. Tissue Regenix Ltd.
13.1.24. Urgo Ltd.
13.1.25. Zimmer Biomet Holdings, Inc.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. WOUND CLOSURE & ADVANCED WOUND CARE MARKET RESEARCH PROCESS
FIGURE 2. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, 2023 VS 2030
FIGURE 3. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. WOUND CLOSURE & ADVANCED WOUND CARE MARKET DYNAMICS
FIGURE 7. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 10. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA WOUND CLOSURE & ADVANCED WOUND CARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. WOUND CLOSURE & ADVANCED WOUND CARE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. WOUND CLOSURE & ADVANCED WOUND CARE MARKET SHARE, BY KEY PLAYER, 2023

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