Market Trends of North America Wound Care Management Industry
This section covers the major market trends shaping the North America Advanced Wound Care Management Market according to our research experts:
Suture Sub-segment by Wound Closure Segment is Expected to Grow Over the Forecast Period
A suture refers to any strand of material that is used to litigate blood vessels or tissues to close a surgical site. The type of material used primarily decides the level of sutures layers be done by a specialty doctor. Owing to the increasing cases of injuries and the geriatric population prone to injuries and burns, the demand for wound closure and suturing is increasing. This contributes to segment growth.
According to an article published in Polymers Journal in April 2022, with the increasing demand for wound healing and wound care management, the level of medical equipment is also increasing. But sutures remain the most preferred medical equipment for medical personnel for wound closures. Thus, with an increasing demand for surgeries related to trauma and injury cases in North America, the demand for suture devices is increasing. Thereby, driving the segment growth.
In addition, according to April 2021 update by McGill University, sutures are intended to close wounds and speed up the natural healing process, but their stiff fibers can damage delicate tissues. And to solve this issue researchers from Montreal, Canada have created novel tough gel sheathed (TGS) sutures that were designed to address the issue and were inspired by the human tendon. These next-generation sutures can deliver drugs, prevent infections, and monitor wounds. Thus, such developments are expected to fuel segment growth. Therefore, owing to the factors mentioned above, the segment is anticipated to witness growth over the forecast period.
United States is Expected to Have a Significant Market Share Over the Forecast Period
The United States is expected to dominate the overall market throughout the forecast period. The major factors attributing to the growth are the growing prevalence of injuries, trauma, and the increase in the geriatric population.
The growing geriatric population in the United States contributes to the growth of surgical sutures as they contribute to a more significant number of age-related injuries and wounds leading to surgeries. As per the April 2022 update by the Administration of Community Living (ACL), in the United States, the number of people above 65 years of age is projected to reach 80.8 million by 2040 and 94.7 million by 2060, an increase from 54.1 million in 2019. Hence, increasing geriatrics is expected to create demand for wound care products. This is expected to further the market's growth in the United States, fuelling the overall market growth over the forecast period.
In addition, as per the article Advances in Wound Care (AWC) journal published in May 2021, nearly 2.5% of the United States population suffers from chronic wounds that reduce their quality of life (QoL), and managing injuries has a substantial financial impact on healthcare. This shows a high burden of chronic wounds in the country. This is further expected to contribute to the market growth in the country. Thus, the market is expected to witness a high growth rate over the forecast period due to the aforementioned factors in the United States.
