Advanced Wound Management Devices Market is Forecast to Exceed $3.5 billion by 2016
Advanced Wound Management - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016
Advanced Wound Management Devices Market is Forecast to Exceed $3.5 billion by 2016 The global market for advanced wound management devices was valued at $2.7 billion in 2009, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 4.5% to reach $3.7 billion in 2016. The market is expected to be driven by an increasing prevalence of diabetes and obesity, an aging population, patient awareness and a rise in hospital acquired infections. The global annual incidence of diabetic foot ulcers is between one and four percent. According to the Center for Disease Control and Prevention (CDC), the overall prevalence of diabetes in the US is 23.6 million. About 15% of this diabetic population develops diabetic foot ulcers and 7% of the people with diabetic ulcers require amputation. Approximately three million adults in the US suffer from pressure ulcers every year. During hospitalization, about 15% of the elderly are likely to develop pressure sores. It is estimated that venous stasis ulcers affect 500,000-600,000 people in the US every year and it is therefore the most common type of leg ulcer. Globally, the incidence of venous leg ulcers is about 2.5 million. Venous stasis ulcers are 1.5 to three times more common in women than men.
For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Advanced-Wound-Management-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices Europe Remains the Largest Advanced Wound Management Devices Market The European advanced wound management devices market is expected to reach $1.6 billion in 2016, growing at a CAGR of 5% from 2009 to 2016. The market in Europe is expected to be driven by patient demographics, emerging technologies, lifestyle factors and patient awareness and expectations. The advanced wound management devices market in Germany, France, Italy and Spain grew at a CAGR of more than 10% from 2002 to 2009. The main reason for Europe being a bigger market for advanced wound management devices is that reimbursement in the US is based on unit costs of wound dressing, rather than on the total costs of healing a wound. Other reasons include rising concerns regarding infected wounds and heightened awareness about the benefits of incorporating silver into wound dressings, in terms of reducing healing time.
Foams to be the Fastest Growing Segment in Advanced Wound Management Devices Market • The global market for foams was valued at $949m in 2009, and is forecast to grow at a CAGR of 6.8% to reach $1.4 billion in 2016. Foams are forecast to be the biggest and fastest growing category in the advanced wound management devices market. In countries such as the UK and Germany, the foams markets • are forecast to grow at a CAGR of 7.5% and 8% respectively. • There are numerous advantages which have made foams the best choice as wound dressings: • They do not stick to the wounds • They do not allow contaminants to settle in wound bed • They are easy to apply and remove • They absorb exudates effectively, even when drainage is heavy • They can be left on the wounds for a longer period of time which also makes them cost effective • They can be used with compression • They are comfortable for the patient
Advanced Wound Management Devices Market is Highly Fragmented with the Top Three Players Accounting for 36% of the Market The global market for advanced wound management devices is highly fragmented with numerous players. In 2009, Smith & Nephew Plc, 3M Health Care and Systagenix Wound Management were the leading players in the global advanced wound management devices market with a combined share of 36%. Smith & Nephew was the market leader with a 15% market share. The leadership of these three companies can be attributed to their extensive portfolio of leading products, strong distribution channels, strategic selling to decision making groups, educational workshops and events and extensive marketing communication. GlobalData’s new report, “Advanced Wound Management - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global advanced wound management market. The report provides market landscape, competitive landscape and market trends information on the advanced wound management market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases,
primary and secondary research and in-house analysis by GlobalData’s team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Advanced-Wound-Management-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices Visit our report store: http://www.globaldata.com For more details contact: firstname.lastname@example.org North America: +1 646 395 5477 Europe: +44 207 753 4299 +44 1204 543 533 Asia Pacific: +91 40 6616 6782