Wound management, with its diverse products, well established base and growth prospects, not only for the advanced product segments but also for its tradiitional products, is an attractive area for medical technologies, drawing many active market participants.
The need for effective and improved technologies for acute and chronic wounds continues to be high, driven by the demographics of the aging population, the increasing sensitivity of healthcare systems to high costs such as chronic wounds and other forces. The industry has responded by developing and introducing more complex types of wound products focused on shortening wound healing times and costs.
The largest single category of wound management products is already in physical wound management, encompassing negative pressure wound therapy, hyperbaric oxygen, hydrotherapy, electrical stimulation, electromagnetic stimulation, ultrasound, laser and others. This category will also demonstrate some of greatest growth in wound management over the next several years. Other areas of significant growth include the use of growth factors, and foam and alginate dressings.
Illustrated is the global wound management market by product segment for 2008 and 2017.
Source: MedMarket Diligence, LLC; Report #S247.