Growth Strategies Driven by Increasingly Advanced and Digital Solutions
05-Aug-2021
Global
Market Research
MG30-01-00-00-00
HC03440-GL-MT_25656
The entire healthcare industry is undergoing a transformation in the wake of the COVID-19 pandemic, and the global wound care industry is no exception. As concerns about aged patients contracting COVID-19 increased, care delivery began a gradual shift toward a home setting. As a result, participants in the wound care industry are investing heavily in technologies and solutions that require minimal/no medical intervention and can be used patients/family/care providers.
Following the pandemic, the focus of the advanced wound care solution industry shifted from wound treatment and healing to early wound detection and prevention. The increasing rate of healthcare-acquired pressure injuries (HAPI) was one of the primary drivers of this change, as this nonreimbursable treatment creates a huge cost burden for hospitals. The lack of adequate hospital beds during the COVID-19 pandemic also reinforced the shift toward prevention of chronic wounds, such as pressure ulcers (PrU) or diabetic foot ulcers (DFU).
The global wound care solutions space has been segmented into basic, surgical and advanced wound care solutions. Basic wound care solutions are set to dominate the market throughout the forecast period (2021–2026) with either a stable or a slightly declining growth rate. Surgical wound care solutions which witnesses a decline due to the pandemic-induced hold on elective surgeries is likely to see growth by late 2021 when postponed surgeries are completed; however, demand will decline due to the preference for minimally invasive surgeries by both patients and clinicians. Advanced wound care solutions will be the fastest growing segment with the uptake of new-age, AI-based solutions, such as 3D-bioprinted scaffolds, sensor-embedded early detection scanners, autologous wound patch, and so on.
Though a saturated market, North America will continue to lead the wound care industry, while Europe remains stable. APAC, on the other hand, will see the highest growth rate, while Rest-of-world (RoW) grows with the uptake of technologically advanced wound care solutions in the Middle East, Latin America, and South Africa.
Government support for wound prevention and early detection is paving the way for more innovation in sensor-embedded and AI-enabled technologies and for a clinical support database that will help clinicians quickly decide treatment pathways. Research trials on chitosan as an effective biofoam that enables faster wound healing indicate a huge future growth potential.
Author: Suchismita Das
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Global Wound Care Solution Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Evolution of Wound Care
Growth Potential
Competitive Landscape
Snapshot of Global Wound Care Solutions
Wound Care Solutions—Scope of Analysis
Wound Care Solutions—Segmentation
3 Advanced Wound Care Solution Types
Key Competitors for Wound Care Solutions
Key Growth Metrics for Wound Care Solutions
Growth Drivers for Wound Care Solutions
Growth Restraints for Wound Care Solutions
Forecast Assumptions—Wound Care Solutions
Revenue Forecast—Wound Care Solutions Market
Revenue Forecast by Product—Wound Care Solutions Market
Revenue Forecast by Region—Wound Care Solutions Market
Revenue Forecast Analysis—Wound Care Solutions
Revenue Forecast Analysis by Region—Wound Care Solutions
Revenue Forecast Analysis by Product—Wound Care Solutions
Competitive Landscape—Wound Care Solutions
Revenue Share by Region—Wound Care Solutions (continued)
Revenue Share by Product—Wound Care Solutions
Competitive Environment—Wound Care Solutions
Revenue Share—Wound Care Solutions
Revenue Share Analysis—Wound Care Solutions
Revenue Share Analysis—Wound Care Solutions (continued)
Types of Wounds
Prevalence of Chronic Wounds
Repositioning in the Wound Care Management Industry
Lack of Wound Care Clinicians and the Impact on Aged Wound Care Patients
Transformation of the Wound Care Space
Teleconsultation Protocol for Wound Care During the COVID-19 Pandemic
HaH for Wound Care
Shared Care Case Study—NHS and Mölnlycke Health Care
New-age Skin Surface Assessments
New-age RPM Systems
New-age RPM Systems (continued)
New-age Pressure Redistribution Devices
New-age NPWT Devices
New-age Wound Imaging/Wound Measurement Devices
New-age Wound Imaging/Wound Measurement Devices (continued)
New-age Wound Imaging/Wound Measurement Devices (continued)
New-age Wound Oxygen Measurement and Topical Wound Therapies Devices
New-age Dressings, Patches, Skin Substitutes and Scaffolds
New-age Dressings, Patches, Skin Substitutes and Scaffolds (continued)
New-age Dressings, Patches, Skin Substitutes and Scaffolds (continued)
Gold-standard Wound Care Solutions
Gold-standard Wound Care Solutions (continued)
Transformative Next-gen Would Care Solutions
Transformative Next-gen Would Care Solutions (continued)
Growth Opportunity 1: Increased Government Recommendations for Wound Preventive Solutions Adoption for Reducing HAPI Cost Burden, 2020
Growth Opportunity 1: Increased Government Recommendations for Wound Preventive Solutions Adoption for Reducing HAPI Cost Burden, 2020 (continued)
Growth Opportunity 2: AI-enabled Wound Care Solutions for Faster, Accurate Diagnosis, 2020
Growth Opportunity 2: AI-enabled Wound Care Solutions for Faster, Accurate Diagnosis, 2020 (continued)
Growth Opportunity 3: Flexible Smart Bandage with Embedded Sensors for Enabling Real-time Data on Wound-healing and Medicine Delivery, 2020
Growth Opportunity 3: Flexible Smart Bandage with Embedded Sensors for Enabling Real-time Data on Wound-healing and Medicine Delivery, 2020 (continued)
Growth Opportunity 4: Chitosan with Its Advanced Features Would Revolutionize Time to Wound Healing for All Wound Types, 2020
Growth Opportunity 4: Chitosan with Its Advanced Features Would Revolutionize Time to Wound Healing for All Wound Types, 2020 (continued)
Growth Opportunity 5: Telehealth Services and ‘Health at Home’ Transforms the Global Wound Care Solutions Space, 2020
Growth Opportunity 5: Telehealth Services and ‘Health at Home’ Transforms the Global Wound Care Solutions Space, 2020 (continued)
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Suchismita Das |
| Industries | Healthcare |
| WIP Number | MG30-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9A4B-B1 |