Growing incidence of diabetes owing to increasing geriatric population is anticipated to propel demand for advanced wound care. Such medical procedures are expected to heal even serious and non-healing wounds from diabetes in exceptionally less time as compared to conventional healing methods. Increasing adoption of advanced medical techniques can further impel demand.
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New Product to Expedite Wound Healing
Major product variants of advanced wound care are wound therapy devices, advanced wound dressings, and wound care biologics. In the coming years, wound care biologics are anticipated to witness significant growth in the coming years. Increasing number of diabetic patients suffering from chronic and non-healing wounds are likely to propel demand for skin substitutes. Skin substitutes are expected to offer experimental and clinical evidence of efficacy in healing chronic wounds. Effective results of wound care biologics are likely to fuel its demand among diabetic patients.
Considering the rising demand, most companies are focusing on R&D investments to offer innovative wound care biologic products for better healing results. For instance, Organogenesis Inc., recently introduced its new wound management product named PuraPly. This product is likely to be available in 1.6 cm disc size, which is quite easy to use. It is expected to utilize novel technology that offers purified native collagen matrix embedded with broad spectrum antimicrobial called polyhexamethylene biguanide (PHMB). This specific combination is expected to support regeneration of biofilm in wounds.
Market Insights
The global advanced wound care market is predicted to display significant demand by 2022, according to a report on Radiant Insights, Inc. Rising number of diabetic patients with chronic or non-healing wounds can influence market growth in the coming years. Favorable government initiatives towards healthcare development through significant investments can bolster growth of the market. Growing awareness regarding availability of advanced healthcare facilities is expected to fuel market growth during the forecast period (2018 to 2022).
Some of the leading companies offering advanced wound care products are Medtronic, Integra LifeSciences, Lohmann & Rauscher, 3M Company, and Smith & Nephew.
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