Wound Management Technologies – Market Growth by 2020

Proper wound management with improved technologies can promote wound healing and thus prevent further complications. According to a recent report from Persistence Market Research, the wound management technologies market is set for expansive growth over the next 10 years. Some of the crucial factors driving this market are:

  • Growing prevalence of chronic wounds
  • Improving efficiency of wound care products
  • Growing awareness about different types of dressings and therapies available in the market and
  • Improvement in healthcare facilities

Key factors that are expected to restrain the market growth are lack of regulation for use of wound management technologies and improved wound prevention techniques.

The market can be segmented into traditional and advanced wound care, based on different wound care therapies.While the traditional segment includes absorptive dressings, composite dressings, gauze dressings, compression therapy and contact layers, the market for advanced wound care segment can be divided into moist wound care, wound care devices and wound care biologics. Advanced wound care segment can be further classified into:

  • Moist wound care technology – foam dressings, hydrocolloid dressings, alginate dressings and hydrogel dressings
  • Wound care devices – ultrasound devices, wound closure devices and negative pressure wound therapy (NPWT)
  • Wound care biologics – cell based therapeutics, collagen based therapeutics and skin replacement therapeutics

Geographically, North America followed by Europe has the largest market growth. This growth is due to the increasing prevalence of chronic wounds and high acceptance for different wound management technologies available. China and India are expected to be the fastest growing markets in the Asia region. Some of the key driving forces for this market in emerging countries are a large pool of patients and growing awareness about different wound management technologies.

Acceptance of emerging new wound management technologies is one of the major challenges faced by the market. Some of the latest trendsin the global market include companies involved in acquisitions, mergers and deals in intellectual property.

Whatever wound management technology the physician chooses to provide optimal care, nurses should make sure to document them. The assessment documentation that can be completed with an advanced wound EMR should include details such as wound size, location, odor, wound edge description, surrounding tissues and other details.