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Global Wound Management Devices Market to reach USD 19.6 billion by 2027.

Global Wound Management Devices Market Size study, by Product (Therapy Devices, Wound closure Devices, Others), by Application (Burns, Diabetic Foot Ulcers, Pressure ulcers, Surgical wounds, Others), by End-User (Hospitals, Clinics, Others) and Regional Forecasts 2020-2027

Product Code: HALMDAE_62421992
Publish Date: 29-10-2020
Page: 200

Global Wound Management Devices Market is valued approximately at USD 14 billion in 2019 and is anticipated to grow with a growth rate of more than 4.3% over the forecast period 2020-2027. Wound management devices are increasingly used in the treatment of wounds caused by any diseases. These products are extremely resistant to ecological inhibitors and foreign particles and are utilized by a nurse under the supervision and order of physician, for many reasons. They are generally occurring as a result of burns, trauma, accidents, or natural disasters. More often, wounds can be chronic and acute. Chronic wounds may arise primarily due to several lifestyle diseases, including obesity, diabetes, and cardiovascular diseases. On the flip side, acute wounds can be occurred due to surgical or traumatic conditions and can heal through a regular wound healing process at a certain rate. Thus, the increase cases of wounds or injuries followed by the rise in prevalence of lifestyle diseases are some major forces that accelerates the demand for wound management devices all over the world. For instance, the World Health Organization (WHO) data in 2016 specified that over 650 million of world population was recorded to be obese. Also, the World Obesity Federation (2017) reported that more than 2.7 billion of world population would be obese by the year 2025. Therefore, this factor may drive the demand for wound management devices all over the world. Moreover, the surge in geriatric population, along with growing number of surgeries are the few factors responsible for the high CAGR of the market during the forecast period. As per the data surveyed by the National Institute of the Health, the older population has substantially growing at unprecedented rate worldwide since 2016, with estimated 8.5% of total population i.e., 617 million aged 65 and above. Also, the older population is increasing up to 17% by 2050. This, in turn, is expected to strengthen the market growth all over the world. However, the higher costs of wound care and management is one of the prime factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Wound Management Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the favorable reimbursement policies associated with these devices, along with the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in prevalence of lifestyle diseases coupled with the improving healthcare infrastructure in developing countries, such as China and India, would create lucrative growth prospects for the Wound Management Devices market across the Asia-Pacific region.

Major market player included in this report are:
Baxter International Inc.
Coloplast A/S
ConvaTec Inc.
Derma Sciences, Inc.
Hollister Inc.
Johnson & Johnson
3M Company
Medtronic Plc.
Mölnlycke Health Care
Smith & Nephew

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Therapy Devices
Wound closure Devices

By Application:
Diabetic Foot Ulcers
Pressure ulcers
Surgical wounds

By End-User:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Wound Management Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Wound Management Devices Market, by Region, 2018-2027 (USD Billion)
1.2.2. Wound Management Devices Market, by Product, 2018-2027 (USD Billion)
1.2.3. Wound Management Devices Market, by Application, 2018-2027 (USD Billion)
1.2.4. Wound Management Devices Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wound Management Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wound Management Devices Market Dynamics
3.1. Wound Management Devices Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Wound Management Devices Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Wound Management Devices Market, by Product
5.1. Market Snapshot
5.2. Global Wound Management Devices Market by Product, Performance – Potential Analysis
5.3. Global Wound Management Devices Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Wound Management Devices Market, Sub Segment Analysis
5.4.1. Therapy Devices
5.4.2. Wound Closure Devices
5.4.3. Others
Chapter 6. Global Wound Management Devices Market, by Application
6.1. Market Snapshot
6.2. Global Wound Management Devices Market by Application, Performance – Potential Analysis
6.3. Global Wound Management Devices Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Wound Management Devices Market, Sub Segment Analysis
6.4.1. Burns
6.4.2. Diabetic Foot Ulcers
6.4.3. Pressure Ulcers
6.4.4. Surgical Wounds
6.4.5. Others
Chapter 7. Global Wound Management Devices Market, by End-User
7.1. Market Snapshot
7.2. Global Wound Management Devices Market by End-User – Potential Analysis
7.3. Global Wound Management Devices Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Wound Management Devices Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Clinics
7.4.3. Others
Chapter 8. Global Wound Management Devices Market, Regional Analysis
8.1. Wound Management Devices Market, Regional Market Snapshot
8.2. North America Wound Management Devices Market
8.2.1. U.S. Wound Management Devices Market Product breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027 End-User breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Wound Management Devices Market
8.3. Europe Wound Management Devices Market Snapshot
8.3.1. U.K. Wound Management Devices Market
8.3.2. Germany Wound Management Devices Market
8.3.3. France Wound Management Devices Market
8.3.4. Spain Wound Management Devices Market
8.3.5. Italy Wound Management Devices Market
8.3.6. Rest of Europe Wound Management Devices Market
8.4. Asia-Pacific Wound Management Devices Market Snapshot
8.4.1. China Wound Management Devices Market
8.4.2. India Wound Management Devices Market
8.4.3. Japan Wound Management Devices Market
8.4.4. Australia Wound Management Devices Market
8.4.5. South Korea Wound Management Devices Market
8.4.6. Rest of Asia Pacific Wound Management Devices Market
8.5. Latin America Wound Management Devices Market Snapshot
8.5.1. Brazil Wound Management Devices Market
8.5.2. Mexico Wound Management Devices Market
8.6. Rest of The World Wound Management Devices Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Baxter International Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Coloplast A/S
9.2.3. ConvaTec Inc.
9.2.4. Derma Sciences, Inc.
9.2.5. Hollister Inc.
9.2.6. Johnson & Johnson
9.2.7. 3M Company
9.2.8. Medtronic Plc.
9.2.9. Mölnlycke Health Care
9.2.10. Smith & Nephew
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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