The North American traditional wound care market was valued at $1.9 billion in 2013 and is expected to reach $2.1 billion by 2018, at a CAGR of 2.4%. The traditional wound care market is the slowest growing segment of $11.1 billion North American wound care market.
The report “North American Traditional Wound care Market forecast, 2012-2018” analyzes the market of traditional wound care by 3 segments such as wound closure, basic wound care and anti-infectives. Wound closure is again sub-divided in 3 segments namely, sutures, staples and staplers and tissue adhesive, sealants and glues. Basic wound care is again subdivided into 3 segments namely; tapes, dry dressing and cleansing solutions.
All these segments experienced a positive growth till 2013, as physicians mainly choose to treat wounds with dry bandages and dressings which account for more than 50% of the chronic and severe wound care market. With a market value of $1.2 billion and $346 million, wound closure and basic wound care products have been contributing around 63% and 15% in terms of value towards total traditional wound care industry. Both the markets have been witnessing the maximum growth because many wounds do not require anything but protection from infection; hence traditional products will definitely remain the first choice for physicians across.
In total, this market is now a mature market and has slow growth due to lack of new product innovation is this category. In North America (US, Canada), the reimbursement schemes drives the traditional wound care market. If a simple dry bandage or dressing can heal a wound, practitioners may prefer less labor intensive and cheaper options. In these cases, payers find it difficult to justify the higher prices of advanced products. The prevalence of diabetes and surgical wounds across the world is high which drives this market.
The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating in this market and extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare
Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
Along with the market data, you can also customize MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:
- Usage pattern (in-depth trend analysis) of products (Segment wise)
- Product Matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub segment level
- Applications of the products (Segment wise and Country wise)
- Comprehensive coverage of Product approvals, Pipeline products and Product recalls
- Country specific Prevalence of ulcers, burns and surgical wounds
- Country specific Patient pool of Skin Ulcers, Diabetic Ulcers, Neuropathic Ulcers
- Disease progression (Pattern analysis)
Surgeons/Physicians Perception Analysis
- Fast turn-around analysis of Surgeons response to market events and trends
- Pattern analysis of usage of products by Physicians
- Surgeons opinion about products from different companies
- Surgeons qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connect tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (Detractor/Neutral/Familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like Patient dynamics (Patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and Macroeconomic indicators (aging population, reimbursement scenario, treatment rate and healthcare expenditure).
Please fill in the form below to receive a free copy of the Summary of this Report
Please visit http://www.micromarketmonitor.com/custom-research-services.html to specify your custom Research Requirement
North American Wound Management
The North American global wound care market was pegged at $11,161 million in 2013 and expected to be $16,453 million by 2018, growing at a CAGR of 8.1%. The report “North American Wound care Market forecast, 2012-2018, analyzes the market of Wound care by 4 segments such as traditional, active, advanced, and therapy wound care market. The main companies operating in Wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, 3M healthcare, ConvaTec, Inc., Coloplast and Molnlycke Healthcare.
Asian Wound Management
The Asian Wound management market was pegged at $1,837 million in 2013 and expected to be $2,487 million by 2018, growing at a CAGR of 6.3%. The report “Asian Wound Management Market forecast, 2012-2018, analyzes the market of Wound care by 4 segments such as traditional, active, advanced, and therapy wound care market. The main companies operating in Wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, 3M healthcare, ConvaTec, Inc., Coloplast and Molnlycke Healthcare.
Europe Wound Management
The European Wound management market in Europe was pegged at $4,403 million in 2013 and expected to be $6,343 million by 2018, growing at a CAGR of 7.6%. The report “European Wound care Market forecast, 2012-2018, analyzes the market of Wound care by 4 segments such as traditional, active, advanced, and therapy wound care market. The main companies operating in Wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, 3M healthcare, ConvaTec, Inc., Coloplast and Molnlycke Healthcare.