Vietnam Infectious Wound Care Management Market Analysis

Vietnam Infectious Wound Care Management Market Analysis


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Vietnam infectious wound care management market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The market is expanding as a result of the ageing population, the prevalence of chronic diseases, and technologically advanced and lifestyle-related wound care products. The key players in this market are Smith & Nephew, Mölnlycke Health Care AB, ConvaTec Group PLC, Ethicon (Johnson & Johnson), Baxter International, URGO Medical, Coloplast Corp, Medtronic, 3M, Derma Sciences Inc. (Integra LifeSciences), Medline Industries, Advancis Medical, B. Braun Melsungen AG.

ID: IN10VNPH309 CATEGORY: Pharmaceuticals GEOGRAPHY: Vietnam AUTHOR: Saloni Shah

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Vietnam Infectious Wound Care Management Market Analysis Summary

Vietnam Infectious Wound Care Management Market is valued at around $62.5 Mn in 2022 and is projected to reach $79.7 Mn by 2030, exhibiting a CAGR of 3.08% during the forecast period 2023-2030.

Diabetes patients frequently develop diabetic foot ulcers, which are treated using wound care solutions. For example, more than 25% of patients with diabetes may get diabetic foot ulcers, and 20% of people with diabetes may require foot amputation. Hydrocolloid dressings are one type of wound care product that help with moisture retention and speed the healing of both interior and exterior wounds. The management of surgical site infections also gains from these chemicals' facilitation of the absorption of necrotic tissues. The wound care business is expected to increase over the projection period due to the increasing preference among healthcare professionals for wound care products to treat infections. The category that sold sophisticated wound dressings had the biggest sales share in 2022. One of the main reasons it is so prevalent is the rise in burn injuries. One of the key variables affecting the wound care market is the rising number of burn damage patients globally. It is encouraging the creation of brand-new, state-of-the-art biologics, grafts, and burn therapy dressings. The key players in this market are Smith & Nephew, Mölnlycke Health Care AB, ConvaTec Group PLC, Ethicon (Johnson & Johnson), Baxter International, URGO Medical, Coloplast Corp, Medtronic, 3M, Derma Sciences Inc. (Integra LifeSciences), Medline Industries, Advancis Medical, B. Braun Melsungen AG.

Market Dynamics

Market Growth Drivers

One of the key variables affecting the wound care market is the rising number of burn damage patients globally. It is encouraging the creation of brand-new, state-of-the-art biologics, grafts, and burn therapy dressings. Additionally, it is projected that an expansion in the number of ambulatory surgery centres will fuel the market (ASCs). ASCs offer a variety of medical services, such as surgery, diagnostic procedures, and wellness examinations. Procedures related to the gastro-intestinal (GI) system, urology, orthopaedics, restorative, reconstructive, or alternative plastic surgery are performed at ambulatory surgical centres. Additionally, it is projected that as severe injuries rise globally, the wound care industry will expand. For instance, the WHO estimates that 22,941 deaths, or nearly 33 percent of all fatalities in Thailand each year, are believed to be the result of traffic-related accidents. Collagenase-based enzymatic wound debridement techniques are frequently used to treat such acute wounds. The need for wound care supplies is therefore predicted to increase as a result of these circumstances.

Market Restraints

The high price of wound care and injury solutions restricts market growth. Market growth is restricted by the high cost of current damage goods and the limited capacity of non-industrial nations to recover these expenses. In developing countries, personal expenses make up a sizable amount of the entire cost of healthcare, which further restricts the use of sophisticated tools and bandages for the treatment of chronic wounds. This constrains the growth of the market.

Competitive Landscape

Key Players

  • Smith & Nephew
  • Mölnlycke Health Care AB
  • ConvaTec Group PLC
  • Ethicon (Johnson & Johnson)
  • Baxter International
  • URGO Medical
  • Coloplast Corp
  • Medtronic
  • 3M
  • Derma Sciences Inc. (Integra LifeSciences)
  • Medline Industries
  • Advancis Medical
  • B. Braun Melsungen AG

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Vietnam Infectious Wound Care Management Market Segmentation

By Type

  • Chronic wounds
  • Diabetic Foot Ulcer
  • Pressure Ulcer
  • Arterial and Venous Ulcer
  • Other Chronic Wound
  • Acute wounds
  • Surgical Wounds
  • Burns
  • Other Acute Wounds

By Mode of Purchase

  • Prescribed
  • Non prescribed

By End-user

  • Hospitals
  • Outpatient Facilities
  • Home Care
  • Research and Manufacturing

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 February 2024
Updated by: Keta Vora

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