Global Wound Care Biologics Market was valued at USD 1,648.7 million in 2018, Observing a CAGR of 6.7% during 2019–2024

Published Date: Sep, 2019

The global wound care biologics market was valued at USD 1,648.7 million in 2018, which will grow at a CAGR of 6.7% during the forecast period. Globally, wound care biologics industry is driven by the factors such as the mounting occurrence of the surgical wound and wound ulcer, rising healthcare expenditure, need for evidence-based treatment for chronic wounds, awareness programs for advanced wound care treatment and management, and technological advancements.

The market for wound care biologics is witnessing growth due to the increasing occurrence of the surgical wound and wound ulcers. With the expanding geriatric population, and mounting occurrence of lifestyle-associated diseases such as diabetes has resulted in the demand of wound care biologics for the management and treatment of wounds, which further decreases the length of stay in the hospital and reduces the cost involved. This offers market players immense opportunities for wound care biologics products, which will drive their revenue growth. 

Browse Market Insight and In-depth TOC on "Global Wound Care Biologics Market – Analysis and Forecast (2019-2024)"

Skin substitutes to hold the largest share in the wound care biologics market, globally

On the basis of product, the global wound care biologics market is categorized into growth factors, skin substitutes, cell-based, collagen-based, enzyme-based, and others. Of all, skin substitutes account for the largest share in the market. The global skin substitutes market is also anticipated to witness significant growth during the forecast period. Growth factors are further categorized into platelet-derived growth factors (PDGF), epidermal growth factors (EGF), insulin-like growth factors (IGF), transforming growth factor-beta (TGF-β), fibroblast growth factors (FGF), and others; whereas skin substitutes are further segmented into acellular animal-derived, human tissue-derived, and biosynthetic. Another category of cell-based products includes viable and non-viable segments.

Based on durability, the wound care biologics market is segmented into permanent and temporary biologics. The demand for temporary biologics has witnessed considerable growth over the last few years due to the increasing burn incidences and their lower cost compared to permanent biologics.

Based on application, the wound care biologics market is segmented into chronic and acute. Among the two categories, chronic would care biologics hold the larger market share due to the growing geriatric population and increasing incidence of pressure ulcers, diabetic foot ulcer and other ulcers.

Based on end-user, the wound care biologics market is segmented into hospitals and specialty wound care clinics, home healthcare and other end users. The hospital and specialty wound clinics are estimated to account the largest share in the wound care market due to increasing in hospitals and clinics, due to improving healthcare infrastructure in developing countries, increasing number of chronic wound cases and increasing incidence of diabetes.

Geography Insight

Geographically, North America has accounted for the largest share in wound care biologics market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of industry players, growing research activities, the highest healthcare expenditure globally, and increasing incidence of burn cases and prevalence of diabetes. For instance, according to Centers for Disease Control and Prevention (CDC), in 2015 approximately 23.1 million people in the U.S. had diabetes. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period as the region comprises of largest population and the awareness for wound management is increasing rapidly among them. In addition, government support for wound management is also creating a positive impact on the wound care biologics market growth in the region.

Competitive Insight

Some of the key players operating in the global wound care biologics market are Integra LifeSciences Corporation, MiMedx Group Inc., Wright Medical Group N.V., Osiris Therapeutics Inc., Vericel Corporation, Kerecis Limited, Anika Therapeutics Inc., Acell Inc., Skye Biologics Inc., Solsys Medical, Marine Polymer Technologies Inc., Kerecis Limited, Smith & Nephew plc, and Mölnlycke Health Care AB.

Key Takeaway from the Report:

  • Skin substitutes to hold the largest share in the global wound care biologics.
  • Demand for temporary wound care biologics to witness significant growth.
  • Chronic would care biologics hold the larger market share due to the increasing incidence of pressure ulcers, diabetic foot ulcer and other ulcers.
  • U.S. remains the largest market globally; whereas growth in the market is fuelled by developing economies with improving healthcare infrastructure.

The Report Offers:

  • Historical market estimate for the years 2014–2018, and forecast for the years 2019–2024
  • Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics.
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Competitive analysis of major players

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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global wound care biologics market on the basis of product, durability, application, application, end-user, and region.

Global Wound Care Biologics Market Coverage

Product Insight and Forecast 2014-2024

  • Growth Factors
    • Platelet-Derived Growth Factors (PDGF)
    • Epidermal Growth Factors (EGF)
    • Insulin-Like Growth Factors (IGF)
    • Transforming Growth Factor-Beta (TGF-β)
    • Fibroblast Growth Factors (FGF)
    • Others
  • Skin Substitutes
    • Acellular Animal-Derived
    • Human Donor-Tissue Derived
    • Biosynthetic
  • Cell-Based
    • Viable
    • Non-viable
  • Collagen-Based
  • Enzyme-Based
  • Others

Durability Insight and Forecast 2014-2024

  • Permanent
  • Temporary

Application Insight and Forecast 2014-2024

  • Chronic
  • Acute

End-User Insight and Forecast 2014-2024

  • Hospitals and Specialty Wound Care Clinics
  • Home Healthcare
  • Others

Geographical Segmentation

Wound Care Biologics Market by Region

North America

  • By Product
  • By Durability
  • By Application
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product
  • By Durability
  • By Application
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

  • By Product
  • By Durability
  • By Application
  • By End User
  • By Country – China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product
  • By Durability
  • By Application
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E. and Other Countries
Our Industry
Global Wound Care Biologics Market was valued at USD 1,648.7 million in 2018, Observing a CAGR of 6.7% during 2019–2024