The global wound care product market is anticipated to grow at a considerable CAGR of around 5.6% during the forecast period (2022-2028). Key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansions, and product innovations to remain competitive in the market and this is the key factors driving the market growth. For instance, in June 2021, Curam, NUI Galway’s SFI Research Centre for Medical Devices, announced a new research collaboration with B.Braun. The collaboration enabled company to develop cannabis medication delivery system for more effective wound pain treatment and rapid wound healing, as well as the creation of a wound odor management device.
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Moreover, in May 2021, Healogics, a wound care company received a $240 million equity investment. A group of investors, led by Clayton Dubilier &Rice, Partners Group, and Northwestern Mutual invested $75 million of common equity and Marathon Asset Management invested over $165 million in new preferred stock. Through this investment, Healogics is expected to accelerate its investment in the company’s patient-centric wound care center to achieve its long-term target. However, new product launches are enabling the market players to stay competitive in the market. for instance, in September 2019, Smith & Nephew launched the new PICO 7Y single-use negative pressure wound therapy (NPWT) system with airlock technology. Further, as per the data published by Smith & Nephew, this technology reduce surgical site infections by 58%, at the same time by shortening the length of hospital stay.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
o By Type
o By Product
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- 3M Co., ConvaTec Group PLC, B-Braun Melsungan AG, Baxter International Inc, Johnson &Johnson Services Inc and more .
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wound Care Product Market Report Segment
By Type
- Chronic Wound
- Acute Wound
By Product
- Wound care (Dressings, Wound Care Devices, and Topical Agents)
- Wound Closure (Suture, Surgical Staplers, and Tissue Adhesive)
A full report of Wound Care Product Market is available at: https://www.omrglobal.com/industry-reports/wound-care-products-market
Wound Care Product Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Acelity L.P. Inc.
- Aspen Surgical
- BSN medical GmbH
- Cardinal Health, Inc.
- Coloplast A/S
- Cardinal Health
- Derma Sciences Inc.( Integra LifeSciences )
- Genadyne Biotechnologies Inc.
- Hollister, Inc.
- Integra Lifesciences Corp.
- Medline Industries, Inc.
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