Smart Wound Care Products Market
Global 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 smart 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.
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 smart wound care products market over the forecast period.
Smart wound care products market has been segmented on the basis of product type, material type, end user, and region
Based on product type, Smart wound care products market segmented as follows:
- Wound Dressings
- Bandages
- Others
Based on the material type, Smart wound care products market segmented as follows:
- Smart Polymers
- Textile-Based
Based on distribution channel, Smart wound care products market segmented as follows:
- Hospitals
- Clinics
- Homecare Settings
- E-Commerce
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.
The market opportunity for Global 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.
Some of the players in the Global Smart Wound Care products Market include OSNovative Systems, Inc., and Derma Sciences, Inc. to name a few.
Department of Chemistry, University of Bath, Bath BA2 7AY, U.K. developing intelligent hydrogel wound care products that signal infection by turning fluorescence
Report Outline:
- The report provides granular level information about the market size, regional market share, and forecast from 2017-2023
- 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
