Global "Bioactive
Wound Care Market" 2024 Industry
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wound care industry. It will show how other players compete in the global Bioactive
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The global bioactive wound
care market was valued at USD 6.9 billion in 2015 and is anticipated to reach
USD 11.9 billion by 2024, with a CAGR of 6.3%. Bioactive wound care market is
now at the budding stage with an enormous chance to seize over usual wound care
market. The Bio Active Wound Care equipment’s are utilized to take care of
chronic injuries which are arterial or venous ulcers and foot ulcers. The
Bioactive Wound Care devices are used to treat ulcers without the use of
surgical methods such as stapling. The focus is on natural healing of the ulcer
through the development of epithelialization and wound contraction. The
biological wound bandage work upon the injured area to begin the curative
process. Biological dressings are capable of maintaining a neutral pH and
reducing the alkalinity. The biological dressings soak up exudates which assist
in maintaining the wetness around the injury. Re-epithelialization is merely
probable if there is a guarded environment with required pH, oxygen and
humidity.
Bioactive Wound Care Market
is budding with the beginning of superior technologies. The aged inhabitants
are on the rise, which are mainly prone to skin injuries. The augmented
consciousness about healthcare and the rising requirement for bioactive
material is expected to drive the market over the forecast period. Bioactive
wound care market is also obsessed by the augmented utilization of grafting.
Persistent Diseases such as cancer cause wounds, diabetes, are also expected to
increase the use of bioactive wound bandage.
The purpose of bioactive
wound bandages is to decrease the curative time which will reduce the overall
charge for the patient. The significance of bioactive wound bandages is
expected to increase over the forecast period owing the proven effectiveness of
its constructive effect on wound curing procedure. Though, the existence of alternative
to bioactive wound care goods could pose a challenge to the growth of bio
active wound care market over the forecast period. Utilization of Growth
Factors and Synthetic Protein Matrix in Wound therapeutic is expected to drive
growth over the forecast period.
The bioactive wound care
market comprises of a wide spread manufactured goods line with various type of
bandages such as Honey based bandages, Silver based bandages, Silicone based
bandages, Collagen based bandages, and Alginate based bandages. Every product
type is designed to treat various types of wound such as venous leg ulcers,
diabetic foot ulcers, full thickness burns and traumatic wounds. The market for
Silver bandages is expected to be the chief driver in the growth of bioactive wound
care market over the forecast period. The requirement for honey bandages is
expected to be comparatively low owing to the high utilization of enhanced
bioactive wound bandages such as foam dressings and alginate dressings. On the
basis of geographical regions, the market can be segregated into Asia-Pacific,
North-America, Europe and RoW.
North America is expected
to have the major market share over the forecast period followed by European
region. The augmented per capita expenditure on Healthcare and change towards
aging inhabitants is expected to drive the market in North-America. The chief
reasons which are expected to fuel the growth of North-America`s market growth
is rising aged population in the USA. The Bioactive Wound Care market in the US
is also expected to witness increased adoption of antimicrobial bandages. Asia
Pacific region is expected to witness the major expansion owing to growing
population coupled with increased requirement for advanced healthcare.
The key players operating
in this market are 3M Healthcare, Covidien, Smith & Nephew plc, Acelity,
Inc and Smith & Nephew plc. In past few year, Smith& Nephew has Moved
into rapidly increasing Bioactive Wound Care section by Health Point Bio
therapeutics acquirement. At Present, extensive research is being carried out
for getting the idea about effectiveness of growth factors in cure of wounds.
Growth Factors are taken out from animal tissue and human tissue. Though, there
has been a set of arguments on employing growth factors. The subject of cost
and safety has exaggerated the transformation of growth factors to medical
trials. The chief problem linked with the utilization of growth factors is that
good delivery systems are necessary for successful wound remedies.
The focus of companies is on
making recombinant growth factors. The benefit with recombinant growth factors
is, risk linked with disease diffusion is decreased to a huge extent. TGF-beta
3, VEGF and EGF are the three growth factors that are proven to be effectual in
wound remedies. Companies in this market require conducting additional number
of medical trials to do the analysis of the positive outcome of growth factors
in wound remedies.
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