The Australia and New Zealand wound care market size is anticipated to reach USD 820.17 million by 2030, expanding at a CAGR of 5.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. It encompasses a variety of products, services, and practices aimed at promoting effective healing for various types of wounds.
Healthcare expenditures continue to rise in Australia and New Zealand (ANZ), and introducing innovative wound care solutions leads to increased investment in advanced wound management technologies. This ultimately benefits patients who require effective treatment for chronic and complex wounds. For instance, in September 2023, MiMedx Group, Inc. introduced EPIEFFECT as the latest addition to its range of advanced wound care products.
Australia And New Zealand Wound Care Market Report Highlights
- Based on product, the advanced wound dressing category commands the largest share of revenue within the product segment of the market. This dominance is primarily attributed to several critical factors. There is a rising incidence of chronic wounds, including diabetic ulcers and pressure sores
- Based on application, the chronic wound segment dominated the market, accounting for 60.0% of revenue share owing to the advancements in wound care technologies, including bioengineered tissues, negative pressure wound therapy (NPWT), and antimicrobial dressings, which have revolutionized the treatment landscape for chronic wounds. These innovations enhance healing rates and improve patient outcomes and quality of life
- Based on end use, the hospital segment is dominant due to the rising geriatric population in ANZ is leading to an increase in age-related health issues that often require extensive wound care management
- Based on the mode of purchase, in 2023, the prescribed segment led the market, with a 62.7% share. This dominance is driven by an increasing reliance on healthcare professionals for wound management, as prescribed products are often tailored to meet the specific needs of patients with various wound types
- Based on distribution channel, institutional sales held the largest revenue share in the market. By targeting institutional buyers, wound care companies can streamline their distribution channels, ensure proper storage and handling of their products, and provide targeted training and support to healthcare professionals
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The growing elderly population in ANZ countries drives increased demand for advanced wound care products and services tailored to the unique needs of aging patients. Healthcare providers and policymakers must prioritize investing in innovative wound management solutions to address the challenges this aging demographic trend poses effectively.
List of major companies in the Australia And New Zealand Wound Care Market
- Smith+Nephew
- Mölnlycke Health Care AB
- Convatec Group PLC
- Ethicon (Johnson & Johnson)
- Baxter
- DeRoyal Industries, Inc.
- Coloplast Corp.
- Medtronic
- 3M
- Integra LifeSciences Corporation.
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We have segmented the Australia and New Zealand wound care market based on product, application, end use, mode of purchase, and distribution channel.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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