Wound Management Worldwide, Forecast to 2024

Below is a post referencing the 2013 MedMarket Diligence report (#S249) on the worldwide wound management market. In December 2015 (in final production today), MedMarket Diligence will be publishing Report #S251, “Worldwide Wound Management, Forecast to 2024: Established and Emerging Products, Technologies and Markets in the Americas, Europe, Asia/Pacific and Rest of World”.

The December 2015 Report #S251 will cover the following wound management segments worldwide:

  • Traditional Wound Care Products
    • Adhesive Dressings
    • Gauze
    • Non-Adherent Dressings
  • Interactive Wound Healing Products
    • Film Dressings
    • Foam Dressings
    • Hydrogels
  • Bioactive Wound Healing Products
    • Hydrocolloids
    • Alginate Dressings
    • Antimicrobial Dressings
  • Biologics
    • Bioengineered Skin & Skin Substitutes
  • Wound Care Devices
    • Negative Pressure Devices
    • Ultrasound Devices
    • Electrical Stimulation Devices
  • Emerging Wound Therapy Technologies, including growth factors

 

From the 2013 report #S249 on the worldwide wound management market:

Wound management is about as diverse a market as there can be in medtech. Wounds can be acute or chronic, surgically created or arising from trauma or disease, treated with technology as simple as a piece of gauze or as complex as a hyperbaric oxygen chamber or negative pressure would therapy technology.  The manufacturers range from producers of largely commodity-like dressings to devices to equipment to growth factors and other biotech products.

Simultaneously, the nature of patient populations, clinical practices, market development, economics and technology adoption vary widely around the world, resulting in considerable variation in the sales of traditional products all the way up through the most advanced products in wound management.

As an example, below are illustrations of the 2011 to 2020 forecast for the range of wound management products in the U.S. and a different set of markets, the Rest of Asia/Pacific (excluding Japan and Korea); predominantly China, India and Australia.

The distribution of product sales in wound management, on a relative basis, is very different in the U.S. than in the Rest of Asia/Pacific due in large part to the tendency for advanced technologies to be first introduced in well developed markets, like the U.S., Europe, Japan and others and later migrated to the “emerging” markets. T

The U.S. graph illustrates the decreasing/increasing share of each technology’s sales relative to all others.

Screen Shot 2014-05-20 at 3.23.43 PM

Source: MedMarket Diligence, LLC; Report #S249. See pending new Report #S251.

For the Rest of Asia/Pacific Market, a different picture emerges, with interesting variations per product segment.

Screen Shot 2014-05-20 at 3.23.58 PM

Source: MedMarket Diligence, LLC; Report #S249. See pending new Report #S251.

However, to put the relative differences into a meaningful context, one has to look at the absolute sales in the different markets. And, to show the very real, stark difference between the U.S. and Rest of Asia/Pacific markets for wound management products, we have plotted both on the same scale, with the max given for both as $12,000 million in sales.

 

 

Screen Shot 2014-05-20 at 3.24.16 PM

Source: MedMarket Diligence, LLC; Report #S249. See pending new Report #S251.

Screen Shot 2014-05-20 at 3.29.56 PM

Source: MedMarket Diligence, LLC; Report #S249. See pending new Report #S251.