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Advanced Wound Care: A Future Built On Innovation

Executive Summary

The advanced wound care market is attracting an increasing number of competitors and investors seeking a stake in this high-need, high-growth space. But although the number of innovative wound care products is on the rise, this is also a highly diverse market, with some striking differences among various regions of the world in terms of product adoption and standard wound care practices.

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Acquisitions, New Technologies Reshaping Advanced Wound Care

Acquisitions and innovation are rapidly changing the dynamics in the global advanced wound care market, a high need, high growth market estimated at $5.4 billion in 2013. With the number of chronic wounds in major countries estimated at a whopping 26.7 million, the global advanced wound care market is projected to grow at a brisk 6% CAGR, reaching $7.3 billion by 2018.

Single-Use, Disposable Devices Drive Growth In NPWT Market

Growth in the market for negative pressure wound therapy (NPWT) devices, which account for more than 40% of the US advanced wound care products market, will be driven in large part going forward by new, single-use disposable products, which are more convenient and cost-effective than traditional NPWT machines. Such products are finding increasing adoption for the treatment of closed surgical incisions.

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