The Active Wound Care Or Wound Care Biologics Market accounted to USD 817.6 million in 2016 growing at a CAGR of 12.2% during the forecast period of 2017 to 2024.
Global Active Wound Care Market By Product Type (Allograft, Synthetic Skin Grafts, Xenografts, Collagen Dressings, Amniotic Tissue Grafts, Growth Factors (Platelet Derived Growth Factor (PDGF), Platelet Rich Plasma (PRP), Epidermal Growth Factors (EGF), Basic Fibroblast Growth Factors (BFGF), Granulocyte Colony Stimulating Factor (G-CSF), Talactoferrin ALFA, Thrombin Peptide, and Keratinocyte Growth Factor (KGF)), By Distribution Channel, By End Users, By Indication, Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Major market drivers and restraints:
- Rising geriatric population
- Rising prevalence of chronic diseases
- Rising government initiatives
- Increasing accessibility of advanced diagnostics
- Growing technological advancement
- Favorable Reimbursement Policies
On the basis of product type, Active Wound Care market is segmented into allograft, synthetic skin grafts, xenografts, collagen dressings, amniotic tissue grafts, and growth factors. Synthetic skin grafts segment is expected to dominate the market due to easy availability of synthetic products and low cost of surgery.
Growth Factors is segmented into platelet derived growth factor (PDGF), platelet rich plasma (PRP), epidermal growth factors (EGF), basic fibroblast growth factors (BFGF), granulocyte colony stimulating factor (G-CSF), talactoferrin ALFA, thrombin peptide, and keratinocyte growth factor (KGF).
Based on distribution channels, active wound care market is segmented into retail and direct tenders.
On the basis of indication the market is segmented into venous ulcers, pressure ulcers, diabetic ulcers, 3rd degree burns and infected surgical wounds.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
The Active Wound Care Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of active wound care market for global, Europe, North America, Asia Pacific and South America.
Some of the major players operating in this market are
- Molyncke Healthcare
- Smith and Nephew
- Osiris Therapeutics Inc
- Medline Industries, Inc
- Avita Medical, BIOD, LLC
- Convatec Inc
- Cytori Therapeutics, Inc
- Human Biosciences Inc
- Novadaq, Alliqua Biomedical, Inc
- Organogenesis Inc
- Wright Medical Group N.V.
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