, February 20, 2018 ) According to the report North America Wound Care Management Devices Market
, published by Market Data Forecast, The Market was worth $5.94 billion in 2016 and estimated to be growing at a CAGR of 3.1%, to reach $6.92 billion by 2021.
North America presently dominates the market for wound care management devices and is estimated to sustain its strong hold for a few more years. Numerous players in this market are trying to enlarge their product portfolio in order to top the global market. As few companies are entering into the market by acquisitions, top companies are increasing their growth in this market by acquiring other companies. Few companies adopted product improvement and new product launches as its main business strategy to certify its dominance in this market.
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Increase in chronic wounds and ulcers, rising incidence of diabetes, aging population, increasing awareness about new technologies for wound care and government support in the form of funding are driving the growth of the wound care market. Though, high cost of technically superior products for wound care and lack of proper refund policies are the main challenges faced by the wound care management device market.
North America Wound Care Management Devices Market: Segmentation
• Advanced Wound Management Products
o Advanced Wound Dressings
• Silicone Foam Dressings
• Other Foam Dressings
o Therapy Devices
Negative Pressure Wound Therapy
• Conventional NPWT
• Portable NPWT
• Disposable NPWT
Pressure Relief Devices
Oxygen and Hyperbaric Oxygen Devices
Electrical Stimulation Devices
Other Therapy Devices
o Active Wound Care
Artificial Skin and Skin Substitutes
• Surgical Wound Care
o Tissue Adhesives, Sealants & Glues
o Anti-infective Dressings
• Traditional/Basic Wound Care
o Medical Tapes
o Cleansing Agents
Type of Wound
• Chronic Wounds
o Diabetic Foot Ulcers (DFU)
o Pressure Ulcer
o Venous Leg Ulcer
o Other Chronic Wounds
• Acute Wounds
• Surgical & traumatic wounds
• Home Care Settings
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Based on geography the market is analysed under various countries namely, USA and Canada. USA leads the wound care management devices market followed by Canada.
The prominent players in the wound care market are Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mölnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland), Ethicon Inc. (U.S.), Derma Sciences Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), and Smith & Nephew (U.K.).
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