The chronic wounds segment is projected to exhibit the highest growth during the forecast period. The acute wounds segment is further segmented into burns & trauma and surgical wounds. The chronic wounds segment is further categorized into pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. Furthermore, rise in geriatric population who are highly susceptible to ocular disorders, gastric disorders, intestinal disorders, and other health conditions present Philippines wound care market opportunity to the market players.ĭepending on application, the Philippines wound care market is bifurcated into chronic wound care and acute wound care. The surgical wound care segment was the major revenue contributor in 2017, and is anticipated to continue this trend during the forecast period, owing to increase in the number of surgical procedures and rise in demand for technologically advanced surgical procedures such as minimally invasive surgeries and laparoscopic surgeries majorly drive the growth of the market. Traditional/basic wound care are sub-segmented into medical tapes, dressings, and cleansing agents. Tissue adhesives, sealants, & glues are further divided into fibrin-based sealants, collagen-based sealants, and synthetic adhesives/glues. Surgical wound is further categorized into sutures & staples, tissue adhesives, sealants, & glues, and anti-infective dressings. Therapy devices is sub-segmented into negative pressure wound therapy (NPWT), oxygen & hyperbaric oxygen equipment, electromagnetic therapy devices, and others. Active wound care is further divided into skin substitutes and growth factors. Exudate management is sub-segmented into hydrocolloid dressings, foam dressings, alginate dressings, and hydrogel dressings. Infection management is the leading segment, and is further classified into silver dressings, non-silver dressings, and collagens. Advanced wound care is sub segmented into infection management, exudate management, active wound care, and therapy devices. Conversely, increased focus toward advanced treatment protocols and significant unmet needs in wound care are expected to offer remunerative opportunities for market players.īased on product, the market is segmented into advanced wound care, surgical wound care, and traditional/basic wound care. However, reluctance in adoption of new technologies, development of substitute products, and lack of sufficient evidence restrain the growth of the market. In addition, increase in awareness to reduce healthcare costs further supplements the Philippines wound care market growth. The Philippines wound care market is expected to register substantial growth in the near future, owing to the rapidly aging population & favorable demographics rise in incidence of diabetes, obesity, & chronic conditions and technological advancements to deal with complex wounds. Hence, these aforementioned factors helps in increasing the Philippines wound care market share. Increase in the number of surgical procedures and rise in demand for technologically advanced surgical procedures such as minimally invasive surgeries and laparoscopic surgeries. Traditional wound care products are being increasingly substituted with advanced wound care products due to their efficiency and effectiveness to treat wounds by enabling faster healing. Advanced wound care is emerging as a standard solution to treat chronic wounds, which takes substantial time to heal and are expensive to treat. Traditional wound care and advanced wound care products are used to treat acute and chronic wounds. Surgical equipment is used for viewing internal body organs or modifying biological tissues. The Philippines wound care market size in 2017 is $51 million, and is projected to reach $85 million by 2025, growing at a CAGR of 6.5% from 2018 to 2025.
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