Sellbyville, DE -- (SBWIRE) -- 11/12/2018 -- Global Advanced Wound Care Market to exceed USD 13 billion by 2024; according to a new research report by Global Market Insights. Technological advancements in advanced wound care industry leading to the development of better and innovative wound care products with enhanced effectiveness, rapid healing time, and no side effects will drive the industry growth over forecast period. Increasing awareness pertaining to the availability and advantages of these technologically superior products especially in developing regions will further support the market growth over the forecast timeframe.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Medtronic
2. Beiersdorf
3. Coloplast
4. Medline Industries, Inc.
5. Smith & Nephew
6. ConvaTec
7. Mölnlycke
8. Integra LifeSciences
9. B. Braun Medical
10. Acelity
11. Hollister Incorporated
12. Organogenesis Inc.
13. Derma Sciences
14. MPM Medical Inc.

U.S. market accounted for USD 3.5 billion in 2017 and is estimated to show lucrative growth over the forecast period due to rising number of surgical procedures and high awareness about wound care. Increasing incidences of chronic diseases such as diabetes and consequent foot ulcers will drive the regional demand. Unhealthy eating habits, sedentary lifestyle further expected to boost prevalence of chronic diseases rendering positive impact on industry growth in coming years.

Surgical wounds segments dominate the global market with revenue USD 2.9 billion and the scenario is likely to remain so over the analysis period. Segmental growth is attributable to rise in number of surgical procedures owing to rising incidence of chronic and infectious diseases worldwide. Rising number of surgical procedures and consequent increase in incidences of surgical wounds and infections will boost the segment growth.

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Hospitals segment accounted for 41.7% revenue share in 2017 and estimated to witness healthy growth over in near future. Increase in number of surgical procedures conducted at hospitals and various reimbursement policies in developed economies for treatment purposes will drive the segment growth. Growing healthcare expenditure in developing economies and cost-effective therapies offered at various public and private hospitals will favor segmental growth.

Advanced Wound Care Market, by Product, 2013-2024, (USD million)
o Wound Dressings
o Antimicrobial Dressings
o Alginate Dressings
o Hydrogel Dressings
o Foam Dressings
o Film Dressings
o Hydrocolloidal Dressings
o Others
o Wound Therapy Devices
o Negative Pressure Wound Therapy Systems
o Pressure Relief Devices
o Electrostimulation Devices
o Oxygen and Hyperbaric Oxygen Equipment