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Wound Care Biologics Market by Product, Wound Type, End User - Global Forecast to 2023

Wound Care Biologics Market: Global Forecast until 2023

  • June 2018
  • 125 pages
  • ID: 5436768
In this report:
In 2018, North America is expected to account for the largest share of ##.##% of the global wound care biologics market, followed by Europe (##.##%), Asia Pacific (##.##%), and the RoW (##.##%).
North America, comprising the US and Canada, is expected to command the largest share of ##.##% of the global wound care biologics market in 2018.

Summary

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The wound care biologics market is estimated to rise at a compound annual growth rate of 9.80 percent during the forecast period.

The wound care biologics market is forecasted to reach ~$2.3B by 2023 from ~$1.4B in 2018, at a compound annual growth rate (CAGR) of 9.80 percent. Industry growth is mainly influenced by Elements such as the growing incidence of diabetic foot ulcers, growing geriatric population, and growing burn injuries globally. On the other hand, the high cost of wound care biologics and the higher rejection rate combined with skin grafts & substitutes will restrain the increase of this market.

The biological skin substitute segment is anticipated to rise at the quickest rate in the next five years.

Established on product, the wound care biologics market is broken down into biologic skin substitutes and topical agents.The biological skin substitutes segment is expected to account for the biggest share in 2018 and grow at the maximal rate from 2018 to 2023.

The growing incidence of hard-to-heal wounds and their increasing adoption are driving the rise of this product segment. The biological skin substitutes segment is further filed under human donor tissue-derived products, acellular animal-derived products, and biosynthetic products.

Asia-Pac is forecasted to grow at the highest compound annual growth rate (CAGR) during the study period.

Geographically, the wound care biologics market was dominated by North America (NA), succeeded by EU in 2017. The Asia Pacific market is expected to register the more important increase during the forecast period primarily due to the presence of a important patient population, rising penetration of top market actors, and the big number of research and growth activities for wound care biologic products.

The primary interviews conducted for this business report can be categorized as follows:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 22.0 percent and Tier 3 43.0 percent

• By Description: C-suite - 15.0 percent, Director-level - 32.0 percent, Others - 53.0 percent

• By Area: North America continent - 34.0 percent, Europe (EU) - 27.0 percent, Asia Pacific (APAC) - 23.0 percent, Rest of the globe - 16.0 percent

The main players in this sector are Smith & Nephew, Mölnlycke Health Care AB, Integra LifeSciences Corporation, Wright Medical, MiMedx Group, Vericel Corporation, Anika Therapeutics, Osiris Therapeutics, Organogenesis, Kerecis, Solsys Medical, ACell, and Marine Polymer Technologies, Incorporated.

Segment Research

The report analyses the wound care biologics market by product, wound type, method, end-user, and area.Apart from a comprehensive geographic product review and sizing of market, the study also offers a competitive analysis that includes increase strategies approved by sector actors over the last three years.

Additionally, the corporation reviews contain product types, advancements, and strategies approved by prominent market actors to maintain and rise their companies in the sector. Market research data, current market size, and forecast of the future trends will facilitate top market players and new sector entrants make the essential decisions regarding product offerings, geographic focus, change in strategic way, and levels of output to remain profitable.

Main highlights

This industry report will allow both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations collect greater segment market share. Companies obtaining the analysis can use one or a combination of the below mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the wound care biologics market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and launches of new product in the wound care biologics market

• opposing assessment: In-depth assessment of the market strategies, geographic, and industry segments and product review of the main players in the wound care biologics market

• Market Development: Highlighted information about emerging sectors. This report analyses the market for different wound care biologics across geographies

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the wound care biologics market.

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