Wound Care Market Business Opportunties and Growth 2018 to 2026

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Wound care market has witnessed various technological advancements and emerged as a standard solution to treat acute and chronic wounds. Conventional measures of wound care management are being rapidly replaced with advanced wound measure products due to the effectiveness of the latter for managing wounds, which enables faster healing.  The treatment in advanced wound care includes intervention therapies and use of products such as antimicrobial dressings, collagen products, foam dressings, hydrocolloids, gauze, hydrogels, film dressings and alginate dressings.

Various chronic wound conditions such as arterial ulcers, diabetic ulcers and venous ulcers can compromise the body’s restorative capabilities. The unhealed wounds do not only diminish quality of life but also increases the risk of infections and complications. Therefore, wound care is an important part of surgical recovery or disease management and is a growing medical specialty.

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For a proper wound care management a major focus is laid on understanding the characteristics of the wound and assessment depends on following factors:

  • The size and depth of involvement and the extent of undermining required
  • The appearance of the wound surface, whether it is necrotic or viable
  • The amount and characteristics of wound exudate
  • The condition of the periwound tissues depending on whether they are scarred, pigmented, atrophic and cellulitic.

According to Centers for Disease Control & Prevention, diabetes affects 23.6 million people or 7.8 percent of the population in the U.S., and one-third of all diabetics suffered from lower extremity wounds in 2016. These wounds increase the likelihood of foot problems and the potential for amputation. The packaging trends of advanced wound care products also adds to the increased demand in home care settings as people are able to use them without much medical assistance. For instance, V.A.C. VERAFLO Dressings by KCI Licensing are provided with sterile barrier by using extruded multilayers of nylon.

Mergers and Acquisitions strengthening the wound care market:

Some of the key players in wound care market are 3M, Coloplast A/S, Baxter International, Inc., Convatec Healthcare B.S.A.R.L, Derma Sciences, Inc., Ethicon, Inc., Hollister, Inc, Mölnlycke Health Care, Smith & Nephew plc, Covidien PLC, Acelity L.P, Kinetic Concept, Inc, Medline Industries, Inc, Integra Lifesciences Corporation, Organogenesis Inc and MPM Medical, Inc. SCA acquired BSN medical in 2015.  Click To Read More On Wound Care Market

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About Author

Aira Goldsmith is a graduate of Parsons School of Design. She’s based in NYC but travels much of the year. Aira has written for Buzz Feed, Motherboard, The Financial Post, and the Huffington Post. Aira is a business reporter, focusing on technology and markets.