The Philippines Wound Care Market highlights investment opportunities for maximum returns

Big Market Research added a report on “Philippines Wound Care Market By Product (Advanced Wound Care, Surgical Wound Care, And Traditional/Basic Wound Care), Application (Chronic Wounds, And Acute Wounds), And End User (Hospitals, And Community Health Service Centers) – Global Opportunity Analysis And Industry Forecast, 2014-2022”

Traditional wound care and advanced wound care products are used to treat acute and chronic wounds. Advanced wound care is emerging as a standard solution treat chronic wounds, which take substantial time to heal and are expensive to treat. Traditional wound care products are being increasingly substituted with advanced wound care products due to their efficiency and effectiveness to treat wounds by enabling faster healing. Increase in the number of surgical procedures and spiraling demand for technologically advanced surgical procedures such as minimally invasive surgeries and laparoscopic surgeries are the key driving factors of the market.

The Philippines wound care market size was valued at $41.83 million in 2015, and is projected to reach $64.52 million by 2022, registering a CAGR of 6.4% during the forecast period. The growth of the market is attributed to the rapidly ageing population & favorable demographics; rise in incidence of diabetes, obesity, and chronic conditions; technological advancements to deal with complex wounds; and increase in awareness to reduce healthcare costs. However, reluctance in adoption of new technologies restrain the growth of the market. Increased focus towards advanced treatment protocols and significant unmet needs in wound care act as the growth opportunities for the market.

The Philippines wound care market is segmented based on product type, application, and end user. By product type, the market is categorized into advanced wound care, surgical wound care, and traditional/basic wound care. Advanced wound care is sub segmented into infection management, exudate management, active wound care, and therapy devices. Infection management is the leading segment, and is further classified into silver dressings, non-silver dressings, and collagens. Exudate management is sub-segmented into hydrocolloid dressings, foam dressings, alginate dressings, and hydrogel dressings.     Active wound care is further divided into skin substitutes and growth factors. Therapy devices is sub segmented into negative pressure wound therapy (NPWT), oxygen & hyperbaric oxygen equipment, electromagnetic therapy devices, and others. Surgical wound is further categorized into sutures & staples, tissue adhesives, sealants, & glues, and anti-infective dressings. Tissue adhesives, sealants, & glues are further divided into fibrin-based sealants, collagen-based sealants, and synthetic adhesives/glues. Traditional/basic wound care are sub segmented into medical tapes, dressings, and cleansing agents.

Applications covered in the study include chronic wound care and acute wound care. Based on end user, the market is categorized into hospitals and community centers.

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KEY BENEFITS

  • The report provides an in-depth analysis of the advanced wound care market across major geographies and the estimated revenues generated during the forecast period.
  • Quantitative analysis of the current trends and future estimations is provided to help the manufacturers of advanced wound care products to analyze the market.
  • The entire projections in the report are based on analysis of the current market trends and highlight the market potential for the period of 2016‐2022, in terms of value.
  • The report conducts extensive analysis of the industry by closely following key product positioning and monitoring the top contenders within the market framework.
  • The report also provides quantitative and qualitative market trends to help the stakeholders to understand the situations prevailing in the market.

KEY MARKET SEGMENTS

By Product

  • Advanced wound care
    • Infection Management
      • Silver wound dressings
      • Non-silver wound dressings
      • Collagen dressings
    • Exudate Management
      • Hydrocolloid dressings
      • Foam dressings
      • Alginate dressings
      • Hydrogel dressings
    • Active Wound Care
      • Skin substitutes
      • Growth factors
    • Therapy Devices
      • Negative pressure wound therapy (NPWT)
      • Oxygen & hyperbaric oxygen equipment
      • Electromagnetic therapy devices
      • Others
    • Surgical wound care
      • Sutures & Staples
      • Tissue Adhesives, Sealants, And Glues
        • Fibrin-Based Sealants
        • Collagen-Based Sealants
        • Synthetic Adhesives/Glues
      • Anti-Infective Dressings
    • Traditional/Basic wound care
      • Medical Tapes
      • Dressings
      • Cleansing Agents

By Application

  • Chronic wounds
    • Pressure Ulcers
    • Diabetic Foot Ulcers
    • Venous Leg Ulcers
    • Arterial Ulcers
  • Acute wounds
    • Burns & Trauma
      • Surgical Wounds
      • Others

By End User

  • Hospitals
  • Community Health Service Centers

MARKET BY GEOGRAPHY

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

KEY PLAYERS

  • 3M Company
  • Smith & Nephew Plc.
  • Coloplast A/S
  • Medtronic plc
  • Acelity L.P. Inc.
  • ConvaTec Healthcare B S.à.r.l.
  • Mölnlycke Health Care AB (A subsidiary of INVESTOR AB)
  • BSN Medical GmbH
  • Alliqua BioMedical, Inc.

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