Advanced Wound Management Worldwide Driven By Perceived Outcomes, Cost

For centuries, most wound care has been characterized by simple methods to clean and dress wounds to limit infection and otherwise leave the healing process to its natural course.  For a substantial volume of patient caseload globally, this approach will remain in place until modest improvements on inert dressings (e.g., antimicrobials, hydrogels, bioactive ingredients, etc.) are demonstrated to buyers as offering a perceived improvement on outcomes without a substantial increase in cost.  Beyond this, more advanced wound products such as growth factors, engineered skin or other grafts, negative pressure wound therapy and other physical systems (e.g., ultrasound, electrical stimulation, etc.) will not appreciably penetrate routine wound caseload.

Traditional wound management products still represent such a significant share of the total market that considerable improvement in outcomes, improved economic conditions in global markets or drop in the manufacturing cost and distribution of products will have to transpire to dislodge traditional product caseload, despite the fact that advanced products are demonstrating rapid growth.

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Source: Worldwide Wound Management Market, 2013-2021 (Report #S249); MedMarket Diligence, LLC

Published by

P. Driscoll

Patrick Driscoll founded MedMarket Diligence and has become a leading source of analysis and insight in medical technology markets. He previously co-founded Medtech Insight and was a principal at Medical Data International. He has 25 years of experience assessing current and potential markets for medical technologies.

2 thoughts on “Advanced Wound Management Worldwide Driven By Perceived Outcomes, Cost”

  1. Thousands of medical devices will generate revenue in 2014. Perhaps you mean to ask a different question: Which will demonstrate the greatest revenue growth? Which will generate the most revenue? Which will generate the generate the most revenue per patient? Which will be the most profitable? What are medical device technologies? What are advanced medical technologies?

    The point is that this is a blog that discusses specific advanced medical technologies in terms of the specific technologies, the specific market dynamics, the specific clinical practice patterns or trends impacting these technologies and other, related, specific questions. Ask a specific (i.e., not vague, ambiguous or unfocused) question and we will do our best to answer it or direct you to a source(s) who can.

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