Wound Care Biologics Research Report: Information
by Product Type (Biological Skin Substitutes, Topical Agents), by Wound Type
(Surgical and Traumatic Wounds, Diabetic Foot Ulcer, Pressure Ulcers), End User
(Hospitals, Clinics)—Forecast till 2023
The global Wound Care Biologics Market stood at USD 1.20 Bn in 2017 and is
touted to expand at a CAGR of 9.9% over the forecast period of 2018-2023,
reveals Market Research Future (MRFR) in a detailed research report. The field
of wound care biologics includes growth
factors, skin substitutes, collagen dressings, etc. which assist in creating an
active healing environment for the healing of wounds naturally.
Various factors have been instrumental in shaping the
growth of the global wound care biologics market. Among them, rising incidences
of burn injuries constitute for a major
factor. Wound care biologics are gaining popularity as a treatment modality for
the management of burn injuries where there is insufficient
skin for grafting. Wound care biologics can provide temporary or permanent
coverage of burn wounds, with the advantage of availability in large quantities
and little or no risk of immunologic issues or infection.
Rapid growth in the global geriatric population acts
as a fuel for the growth of the global
wound care biologics market. The rapid growth
in the geriatric population will raise
the incidences of chronic wounds which would consequently boost the demand for
wound care biologics product.
Rising prevalence of diabetic foot ulcers has contributed significantly to the growth of
the global wound care biologics market. Global prevalence of diabetes augments
the chances of patients developing diabetic ulcers which can have severe
implications if untreated.
Raising awareness regarding the availability of wound
care biologics, rising standards of livings and greater affordability further
supports the growth of the market.
Innovations such as PDGF, RegranexTM, MicroRNA-based therapeutics, small molecule
antagonists, use of biomarkers, and VEGF- and GM-CSF-based cosmeceuticals in
the field of wound care biologics spurred the growth of the market. However,
such as options are associated with high failure rate, and there remain large
unmet needs for new effective treatments for acute wounds which are likely to restrain the growth of the market
over the forecast period. High costs of wound care biologics and stringent regulatory norms for approval remain major hurdles for the growth of the global
wound care biologics market. Meanwhile, improving reimbursement policies is
expected to provide growth opportunities to the market over the forecast
period.
Segmentation
The global wound
care biologics market has been segmented
based on product type, wound type, and end user.
By product type,
the market has been segmented into
biological skin substitutes and topical agents. The biological skin substitutes segment was the largest as well as the
fastest growing segment in 2017.
By wound type,
the market has been segmented into
ulcers, surgical & traumatic wounds, and burns. The ulcers segment has been further segmented into diabetic foot
ulcers, pressure ulcers, venous leg ulcer, and others.
By end user, the
market has been segmented into hospitals,
ambulatory surgical centers, and clinics.
Browse Complete Report : https://www.marketresearchfuture.com/reports/wound-care-biologics-market-6563
Regional Analysis
The Americas,
Europe, Asia-Pacific, and the Middle East & Africa are the key markets for
wound care biologics. The Americas dominate the global wound care biologics
market, the US and Canada being the key contributors to the Americas market.
Robust healthcare sector, growing prevalence of diabetes, rising incidences of
accidents and high healthcare expenditure support the growth of the Americas
market for wound care biologics.
Europe accounts
for the second largest share of the market on account of growing prevalence of
chronic diseases and burns cases in the
region.
Asia Pacific
market is touted to be the fastest growing market for wound care biologics.
Presence of a large base of the diabetic population
and advances in the healthcare sector contribute to the growth of the market.
The Middle East
& Africa market is expected to exhibit sluggish growth owing to the limited availability of healthcare facilities and lack of affordability and awareness.
Competitive Landscape
Some of the major
players in the global wound care biologics market include Solsys Medical (US),
ACell (US), Organogenesis (US), Anika Therapeutics (US), Integra LifeSciences
Corporation (US), MiMedx Group (US), Kerecis (Iceland), Vericel Corporation
(US), Marine Polymer Technologies, Inc. (US), Wright Medical (US), Mölnlycke
Health Care AB (Sweden), Osiris Therapeutics (US), and Smith & Nephew (UK).
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