Global Wound Care Solutions and New-age Technology Growth Opportunities

Global Wound Care Solutions and New-age Technology Growth Opportunities

Growth Strategies Driven by Increasingly Advanced and Digital Solutions

RELEASE DATE
05-Aug-2021
REGION
Global
Research Code: MG30-01-00-00-00
SKU: HC03440-GL-MT_25656
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Description

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

RESEARCH: INFOGRAPHIC

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Table of Contents

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)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

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
More Information
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