Deerfield Beach, FL -- (SBWIRE) -- 03/31/2017 -- The world advanced wound care market was valued at $7,117 million in 2015 and is expected to reach $12,454 million, growing at a CAGR of 8.3% during 2016-2022. Market growth is attributed to the rapid increase in the incidence of chronic diseases such as diabetes, changing lifestyle factors, and attempts to reduce the duration of hospital stays to limit the surgical costs. In addition, the demand for advanced wound care market is driven by favorable reimbursement scenario, increasing healthcare expenditure by the government, and rising inclination towards products that enhance therapeutic outcomes. However, high cost of advanced wound care products coupled with low awareness, especially in underdeveloped countries such as Nigeria, Afghanistan, and Bhutan, are expected to restrain the market growth.

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North America was the leading revenue-generating region, whereas Asia-Pacific is projected to grow at the highest CAGR of 10.4%, owing to growing demand for advanced wound care products, rising geriatric population, and increasing unmet medical needs.

Traditional wound care and advanced wound care products are used to treat acute and chronic wounds. Chronic wounds take substantial time to heal and are expensive to treat. Advanced wound care has emerged as a standard solution for treating chronic wounds. Traditional wound care products are being substituted by advanced wound care products due to their efficacy and effectiveness in managing wounds by enabling faster healing.

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ADVANCED WOUND CARE MARKET SEGMENTS:

By Product Type

Infection Management
Silver Wound Dressings
Non-Silver Dressings
Collagens
Exudate Management
Hydrocolloids
Foam Dressings
Alginates
Hydrogels
Active Wound Care
Skin Substitutes
Growth Factors
Therapy Devices
Negative Pressure Wound Therapy
Oxygen and Hyperbaric Oxygen Equipment
Electromagnetic Therapy Devices
Others (Pressure Relief Devices, Electrical Stimulation Devices, Ultraviolet Devices, Ultrasound Devices, Whirlpool Therapy Devices)

By Application

Chronic Wound Care
Pressure Ulcers
Diabetic Foot Ulcers
Venous Leg Ulcers
Arterial Ulcers
Acute Wound Care
Burns & Trauma
Surgical Wounds

By End User

Hospitals
Community Centers

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
Rest of LAMEA

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