The market for Advanced Wound Management is growing due to increasing number of surgeries and growing cases of chronic disorders across the globe. Changing lifestyle and economic shifts in different geographical locations portray different sets of observations in different regions. For instance, cases of chronic wounds require immediate medical attention in developed countries. However, in poor economies, unavailability or lack of healthcare facilities restrict the use of such Advanced Wound Management. The incidence rate of chronic ulcers in surgical patients in China is doubling up in terms of numbers. This has become a national concern in China and steps are being taken promote better healthcare facilities that use Advanced Wound Management products. Globally, over 200 million surgical incisions are done every year and the number is increasing with every passing day. Road accidents and unsolicited violent incidents are the major cause of trauma. India is one of the countries with a very high number of reported road accidents. Traumatic injuries and burns are also the major causes of acute wounds, which need advanced therapies. According to the American Burn Association, annually, number of cases of burns is growing at 1% to 2% annually, which consequently is expected to surge the growth of the Advanced Wound Management market over the forecast period.

Leading Players Account for Approximately 65% Share in the Market

The Advanced Wound Management market is considered to be a consolidated one with the leading manufacturers outperforming manufacturers operating at the regional level. Advanced Wound Management covers a range of products, including dressings, which include films and foams. These Advanced Wound Management products, to some extent, make traditional dressing methods and manufacturers of such products are higher in number. Leading players, such as Smith & Nephew plc, Mölnlycke Health Care, Coloplast A/S and ConvaTec Group Plc, capture approximately 65% of the Advanced Wound Management market, excluding NPWT devices. The consolidated nature of the Advanced Wound Management market leads to accessibility to reasonable products in developing regions with less strict regulations. However, it also limits the actual business for Advanced Wound Management market.

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