Global Wound Management Technologies Driving $22.4 Billion Market by 2024 According to New MedMarket Diligence Report
Hundreds or even several thousand years of development in wound management technologies have led to a market with the full spectrum of wound healing technologies from simple dressings to bioengineered skin, comprising a $14 billion market in 2015 that will grow to $22.4 billion by 2024. MedMarket Diligence’s new global report on the wound management market reveals opportunities for established, emerging, and potential medtech players.
“Few medtech markets pose the competitive challenges for a wound management product, at least in terms of the number and diversity of potential competitors. There is indeed enormous normous caseload (upwards of 100 million surgical incisions alone are made each year) but the need for many alternative treatment has driven the development of many innovations in a market where there are few barriers to entry, resulting challenges for manufacturers to gauge the competitive landscape,” says Patrick Driscoll of MedMarket Diligence, LLC.
Growth in wound management product sales is arising to a significant degree from biotech developments. Bioengineered skin, skin substitutes, and wound-related growth factors are gaining new caseloads from penetrating acute and chronic wound markets. However, more staid technologies like foam dressings, hydrocolloids, and alginates are showing strong growth on substantial volume. Equally important, the growth of wound management worldwide reflects migration of technologies from developed to developing markets, creating incentives for medtech to reach OUS markets.
The MedMarket Diligence Report, “Worldwide Wound Management, Forecast to 2024: Established and Emerging Products, Technologies and Markets in the Americas, Europe, Asia/Pacific and Rest of World” report details the complete range of products and technologies used in wound management and wound care, from dressings, bandages, hydrogels, tissue engineered products, physical treatments and others. The report will detail current clinical and technology developments in the worldwide market providing a current assessment of products in development and on the market; market size and forecast; competitor market shares; key competitor profiles; and an assessment of the market opportunity for current and hopeful competitors.
The report provides year (at least three fiscal quarters actual) 2015 market size and share data, with forecast market data to 2024, for the Americas (with detail for U.S., Rest of North America and Latin America), Europe (with detail for United Kingdom, Germany, France, Spain, Italy, and Rest of Europe), Asia/Pacific (with detail for Japan, Korea, and Rest of Asia/Pacific)
This report details the current and projected market for wound management products, including dressings, closure devices, debridement, pharmacological products, tissue engineered products and others. The emphasis of analysis is on advanced and leading edge developments (i.e., those approaching wound management from novel perspective)
The report is detailed in full, with complete table of contents and list of exhibits, at http://mediligence.com/
The report may be purchased for download from https://www.mediligence.com/
For coverage of the related market, Surgical Sealants, Glues, and Wound Closure, see the MedMarket Diligence report #S192, “Worldwide Market for Surgical Sealants, Glues, and Wound Closure, 2013-2018”. See http://mediligence.com/
Page Updated Last on: Dec 29, 2015