Though the human body has a tremendous capability to heal itself, wound healing can stall and result in chronic non-healing wounds due to a variety of reasons. Common chronic wounds, also known as advanced wounds, include diabetic foot ulcers (DFU), venous leg ulcers (VLU) and pressure ulcers (PU). Advanced wound care is often required in the treatment of these chronic wounds - for example, less than 25% of DFUs and less than 30% of VLUS are successfully treated by the current standard of care.
What is most interesting for us at IDTechEx is that the market for advanced wound care technologies is ripe for disruption, as outlined in the new report Advanced Wound Care Technologies 2018-2028. On the one hand, there is a large and rapidly growing population of people who are at risk of developing chronic wounds. Already in 2018 there are close to 1 billion persons aged 60 years and above, over 2 billion adults who are overweight, and over 500 million adults with diabetes worldwide. Moreover, these high-risk populations are expected to rise dramatically within the next 10 years. On the other hand, healthcare systems around the world are already being stretched to their limits. The care of chronic wounds is a costly and resource-intensive endeavor - tens of billions of dollars are spent on the care of chronic wounds each year. Thus, there is a great need in advanced wound care for the development of cost effective solutions that streamline and simplify treatments while improving patient outcomes at the same time.
IDTechEx's new report titled Advanced Wound Care Technologies 2018-2028 profiles technologies across the wound care space to identify opportunities in diagnosis, treatment, and monitoring of chronic wounds. The report covers the topics and subtopics of:
-Dressings for autolytic debridement
- Pressure management
- Bacterial burden management
- Therapeutic devices
-Negative pressure wound therapy
- Biological therapies
-Extracellular matrix substitutes
- Wound monitoring and tracking devices
-Electronic skin patches
Within these topics of advanced wound care, key technology trends to watch out for include:
- Kits and devices to streamline and decrease the difficulty of providing wound treatment
- Diagnostics for early detection of pathological bacterial infection
- Connected devices and sensors to improve patient monitoring and care effectiveness
- Connected devices and sensors for the prevention of ulcers
- Devices to bring improved healing rates into the home
In Advanced Wound Care Technologies 2018 - 2028, the market for advanced wound care technologies is forecast to exceed $20 billion by the year 2028. The market value will grow at a steady rate over the next 10 years and is driven primarily by the increase in the number of patients requiring advanced wound care. Furthermore, the report includes a breakdown of the market by the type of wound.
The report includes a 10-year forecast for the advanced wound care technologies market, which is broken down by wound type. Source: IDTechEx Research report Advanced Wound Care Technologies 2018 - 2028
Readers of this new report by IDTechEx will gain a comprehensive view of the technologies that will change the field of advanced wound care. Products that fall into any of the key trends as described above have the potential to significantly improve the advanced wound care process, whether in cost savings, patient outcome improvement, or both. Technologies that prevent the formation of chronic wounds and wound complications are particularly promising to the future of the field. Through utilizing preventative technologies, a high patient quality of life can be maintained while saving the healthcare system billions of dollars.
See www.IDTechEx.com/wound for more.
Learn more at the next leading event on the topic: Business and Technology Insight Forum. Boston, June 2019 on 4 - 6 Jun 2019 at Hilton Boston/Dedham, USA hosted by IDTechEx.