Boactive 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.
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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.
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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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