World Wound Therapy Devices Market Analysis and Forecast, 2023-2030: Commitment to R&D Distinguishes Leading Companies, Market Thrives on Innovation and Strategic Collaborations - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Wound Therapy Devices Market - A Global and Regional Analysis: Focus on Product, Region, Country-Level Analysis, and Competitive Landscape - Analysis and Forecast, 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The global wound therapy devices Market is projected to grow from $4,595.3 million in 2022 to $6,473.5 million by 2030 at a CAGR of 4.42%.

The global competitive landscape of the wound therapy devices market is defined by the presence of several key players, each contributing to the market's growth through innovation, business expansion, funding, strategic partnerships, and a focus on expanding product portfolios. Leading companies in this space are distinguished by their commitment to research and development, which enables them to introduce advanced wound care solutions that address a range of needs, from basic wound protection to complex wound management scenarios.

Based on product, the wound therapy devices market is led by negative pressure wound therapy (NPWT), which held a 44.47% share in 2022. From negative pressure wound therapy (NPWT) systems that apply controlled suction to advanced wound dressings with specialized features such as antimicrobial properties and moisture control, these devices cater to a diverse array of wound types and patient needs.

One recent development that has taken place in the market was in April 2023, Sky Medical Technology Ltd. announced the availability of its flagship product, the geko device, on the Government of India e-Marketplace (GeM) procurement portal, providing government hospitals across the country access to Geko device.

Regionally, North America is expected to maintain a dominant position through a steady compound annual growth rate (CAGR) of 3.44% from 2023 to 2030. This sustained growth can be attributed to the region's advanced healthcare infrastructure, widespread awareness of wound management, and a notable increase in chronic wounds among its aging populace. The emphasis on R&D in North America has also facilitated the emergence of innovative wound therapy device products, supported by a strong regulatory environment and healthcare policies favoring advanced wound care solutions.

Latin America and the Rest-of-the-World regions are projected to experience the highest growth rates, with CAGRs of 6.22% and 6.37% respectively, indicating a rapidly expanding market presence. These regions' growth is likely driven by improving healthcare infrastructure, rising awareness of effective wound care, and increasing accessibility to advanced medical treatments. These dynamics underscore the expanding global need for effective wound care solutions and the significant opportunities for market players across diverse healthcare landscapes.

Key Considerations and Assumptions in Market Engineering and Validation

• The base year considered for the calculation of the market size is 2022. A historical year analysis has been done for the period FY2019-FY2021. The market size has been estimated for FY2022 and projected for the period FY2023-FY2030
• The scope of this report has been carefully derived based on interactions with experts in different companies across the world. This report provides a market study of upstream and downstream products of wound therapy devices.
• The market contribution of wound therapy devices anticipated to be launched in the future has been calculated based on the historical analysis of the solutions.
• Revenues of the companies have been referenced from their annual reports for FY2022 and FY2023. For private companies, revenues have been estimated based on factors such as inputs obtained from primary research, funding history, market collaborations, and operational history.
• The market has been mapped based on the available wound therapy device solutions. All the key companies with significant offerings in this field have been considered and profiled in this report.

How can this Report add value to an Organization?

• Product/Innovation Strategy: The report can highlight current market gaps and emerging patient needs, guiding companies in developing new products or enhancing existing offerings.
• Growth/Marketing Strategy: Regional analysis offers insights into market size, growth rates, and competitive landscapes across different territories, assisting in strategic planning for geographic expansion or consolidation.
• Competitive Strategy: Understanding future market trends and growth forecasts allows companies to anticipate changes in the competitive landscape, adjust their strategies accordingly, and identify early opportunities for innovation and expansion.

Companies Featured

• 3M
• Smith & Nephew plc.
• DeRoyal Industries, Inc.
• AccelHeal
• Sky Medical Technology Ltd.
• Getinge AB
• Medline Industries
• ConvaTec
• Gentell
• GWR Medical

Key Attributes:

Report Attribute	Details
No. of Pages	54
Forecast Period	2023 - 2030
Estimated Market Value (USD) in 2023	$4.78 Billion
Forecasted Market Value (USD) by 2030	$6.47 Billion
Compound Annual Growth Rate	4.4%
Regions Covered	Global

Key Topics Covered:

Executive Summary

1 Markets

1.1 Product Definition

1.2 Inclusion and Exclusion Criteria

1.2.1 Inclusion

1.2.2 Exclusion Criteria

1.3 Key Questions Answered

1.4 Analysis and Forecast Note

1.5 Key Findings

2 Products

2.1 Product Segmentation

2.2 Product Summary

2.3 Global Wound Therapy Devices Market (by Product Type)

2.3.1 Negative Pressure Wound Therapy (NPWT)

2.3.2 Hyperbaric Oxygen Therapy (HBOT)

2.3.3 Electrical Simulation

2.3.4 Offloading Devices

2.3.5 Compression Bandages

3 Regions

3.1 Regional Summary

3.2 North America

3.2.1 U.S.

3.2.2 Canada

3.3 Latin America

3.3.1 Argentina

3.3.2 Brazil

3.3.3 Chile

3.3.4 Colombia

3.3.5 Mexico

3.4 Europe

3.4.1 France

3.4.2 U.K.

3.4.3 Spain

3.4.4 Italy

3.4.5 Portugal

3.4.6 Netherlands

3.4.7 Ireland

3.4.8 Belgium

3.4.9 Switzerland

3.4.10 Norway

3.4.11 Denmark

3.4.12 Sweden

3.4.13 Finland

3.4.14 Germany

3.4.15 Czech Republic

3.4.16 Russia Federation

3.4.17 Poland

3.4.18 Austria

3.4.19 Romania

3.4.20 Slovakia

3.4.21 Greece

3.4.22 Turkey

3.4.23 Ukraine

3.5 Asia-Pacific

3.5.1 Australia

3.5.2 Japan

3.5.3 Malaysia

3.5.4 China

3.5.5 India

3.5.6 Thailand

3.5.7 South Korea

3.6 Rest-of-the-World

4 Markets - Competitive Benchmarking

4.1 Key Strategies and Developments

4.2 Key Companies Ecosystem

5 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/c66afd

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