Smart Wound Care Products Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Smart Wound Care Products Market By Product Type (Wound Dressings, Bandages, Others), By Material type (Smart Polymers, Textile-Based), Distribution channel (Hospitals, Clinics, Homecare Settings, E-Commerce) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

 

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Report

Description

Smart Wound Care Products Market size was valued at 906.3 million in 2021 and is expected to reach 2,338.4 million by 2028, at a CAGR of 14.5% during the forecast period 2022 to 2028. Smart Wound Care Products market are sterile compressor pad which is applied to a wound to help promote healing and protect from further harm. Apart from promoting healing, wound care products helps in clotting to stop bleeding, absorb excessive fluids, wound debridement etc. Smart care products is an advanced wound care method which avoids the manual removing of care products and physical inspection of wounds to promote further care of the patient. These smart wound care products help in monitoring patient wound conditions like temperature, pH, and moisture. With these wound care products, healthcare professionals can be alerted to the possible presence of infections or other healing issues through the wireless network. These smart wound devices avert the possible infections by sending alert signals via electronic transmission of signals or changing the color of the care products. Players in smart wound care research arena collaborating with research institutes and innovation centers to come up with innovative products for smart wound care. For instance, in 2015, Holst Centre has teamed up with Ireland’s leading ICT research center, Tyndall National Institute (Cork) and medical equipment provider Fleming Medical (Limerick) to develop the world’s first commercially-available “smart care products” for use in futuristic wound care applications. Other players developing self-regulating care products with smart polymers to fasten the healing process. For instance, OSNovative Systems, Inc. developed ENLUXTRA, a smart wound care products is the first and only self-regulating super-absorbent fiber wound care products with the highest adaptive absorbency and built-in adaptive hydration function.

Key Development:

In March 2020, Smith+Nephew, the global medical technology business, announced the US launch of the new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which has a pump duration of up to 14 days. The new pump builds on the features and advantages of previous PICO sNPWT variants, and comes with an enhanced pump which requires less user intervention.

In January 2020, Convatec Group Plc (“Convatec”), a leading global medical technology company, announced the release of ConvaMax™ the NEW superabsorber dressing distributed by Convatec. The global superabsorber market is currently greater than $100m growing at +7%. ConvaMax™ superabsorber wound dressing is used for the management of highly exuding wounds, including leg ulcers, pressure ulcers, diabetic foot ulcers and dehisced surgical wounds.

Smart Wound Care Products Market

MARKET SUMMARY
-
14.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 14.5%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North-America

Smart Wound Care Products Market

  • The global smart wound care products market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, material type, distribution channel, and region
Key Players
  • OSNovative Systems, Inc.
  • Derma Sciences, Inc.
Smart Wound Care Products Market

DRIVERS AND RESTRAINTS

Increasing incidence of chronic wounds in developing and developed economies, rising costs of wound management, increasing number of aging population in developed markets and Advantages associated with the use of smart wound care products like patient comforts, cost-effectiveness expected to drive the market for Global Smart Wound Care products Market over the forecast period. Moreover, smart care products generate significant cost savings, due to the reduced hospital stay and clinical inspection time result of faster healing which contribute to boosting market revenue for smart wound care products in the market. For instance, in the UK alone, around 200,000 patients are treated for chronic wounds yearly at an estimated annual cost of £4 billion this signifies the need effective healing strategies for wounds in patients. However, higher prices of smart wound care products, the dearth of product availability and accessibility may hamper the market revenue growth of the market over the forecast period.


North-America Got Significant Share

Smart Wound Care Products Market

The market opportunity for Smart Wound Care Products Market has been segmented into five regions Viz. North Americas, Europe, Asia Pacific, Latin America and the Middle East and Africa. Players in Europe market involved in developing innovative smart wound healing products. For instance, Netherland’s Holst center developing DermaTrax’, contains sensors that monitor conditions in a patient’s wound, including its temperature, moisture, and pH. North America market expected to witness positive growth for smart wound care products owing to favorable reimbursement policies. For instance, Enluxtra has HCPCS reimbursement codes: A6196, A6197, and A6198 Covered when used for wounds with moderate or high exudates. Asia Pacific market expected to witness significant growth owing to increasing incidence of chronic wounds owing rising prevalence of Diabetic Foot Ulcer (DFU), rising incidences of injuries and aging population in Japan expected to drive the market for smart wound care products.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • The report provides granular level information about the market size, regional market share, and forecast from 2021-2028
  • The report covers in-detail insights about the competitor’s overview, key findings, and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments, and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Smart Wound Care Products Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • OSNovative Systems, Inc.
  • Derma Sciences, Inc.

Description

Smart Wound Care Products Market size was valued at 906.3 million in 2021 and is expected to reach 2,338.4 million by 2028, at a CAGR of 14.5% during the forecast period 2022 to 2028. Smart Wound Care Products market are sterile compressor pad which is applied to a wound to help promote healing and protect from further harm. Apart from promoting healing, wound care products helps in clotting to stop bleeding, absorb excessive fluids, wound debridement etc. Smart care products is an advanced wound care method which avoids the manual removing of care products and physical inspection of wounds to promote further care of the patient. These smart wound care products help in monitoring patient wound conditions like temperature, pH, and moisture. With these wound care products, healthcare professionals can be alerted to the possible presence of infections or other healing issues through the wireless network. These smart wound devices avert the possible infections by sending alert signals via electronic transmission of signals or changing the color of the care products. Players in smart wound care research arena collaborating with research institutes and innovation centers to come up with innovative products for smart wound care. For instance, in 2015, Holst Centre has teamed up with Ireland’s leading ICT research center, Tyndall National Institute (Cork) and medical equipment provider Fleming Medical (Limerick) to develop the world’s first commercially-available “smart care products” for use in futuristic wound care applications. Other players developing self-regulating care products with smart polymers to fasten the healing process. For instance, OSNovative Systems, Inc. developed ENLUXTRA, a smart wound care products is the first and only self-regulating super-absorbent fiber wound care products with the highest adaptive absorbency and built-in adaptive hydration function.

Key Development:

In March 2020, Smith+Nephew, the global medical technology business, announced the US launch of the new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which has a pump duration of up to 14 days. The new pump builds on the features and advantages of previous PICO sNPWT variants, and comes with an enhanced pump which requires less user intervention.

In January 2020, Convatec Group Plc (“Convatec”), a leading global medical technology company, announced the release of ConvaMax™ the NEW superabsorber dressing distributed by Convatec. The global superabsorber market is currently greater than $100m growing at +7%. ConvaMax™ superabsorber wound dressing is used for the management of highly exuding wounds, including leg ulcers, pressure ulcers, diabetic foot ulcers and dehisced surgical wounds.

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