On the mend: Aging consumers and a growing number of insured individuals will boost revenue

Over the five years to 2016, the industry recorded growth each year thanks to increased private health expenditure, which accelerated demand as federal funding declined following the worst of the recession. Consequently, industry revenue is projected to grow over the five-year period. The 2010 implementation of the Patient Protection and Affordable Care Act (PPACA) has supported this growth over the past five years and is expected to continue to do so in the five years to 2021. Over the next five years, industry growth is expected to remain strong as increased private health coverage and an aging US population precipitate demand for industry products...purchase to read more.

Industry Statistics & Market Size
Annual Growth 11-16
Forecast Growth 16-21

Industry Threats & Opportunities

  • The healthcare sector will continue to source generic and traditional wound care goods from international markets due to price
  • Manufacturers are turning to the development of new advanced wound care products
  • As the PPACA extends coverage to more individuals, demand for industry services will grow
  • Industry Report - Industry Analysis Chapter

    Companies in the Wound Care Product Manufacturing industry manufacture products that are essential to the healthcare industry; therefore, continued health expenditure over the past five years has helped drive industry growth. Over the five-year period, the number of individuals covered by private health insurance has recovered in line with increases in per capita disposable income and employment levels. Consequently, industry operators have experienced stronger growth as more individuals have gained access to wound care treatment and products.Additionally, the federal government has made significant headway over the past five years with improving medical accessibility, including wound care products. Not...purchase to read more.

    Additional Insights for the Wound Care Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wound Care Product Manufacturing Industry are

  • Economies of scale
  • Economies of scope
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of people with private health insurance in the Wound Care Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wound Care Product Manufacturing Industry?

    This industry manufactures products that protect injured parts of the body and restore the continuity of surfaces of the body.

    Industry Products
  • Traditional wound care products
  • Advanced wound care products
  • Active wound care products
  • Industry Activities
  • Manufacturing wound care products
  • Researching and developing wound care products
  • Marketing wound care products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • Number of adults aged 65 and older
  • Research and development expenditure
  • Trade-weighted index

  • Current Performance
    Private and public expenditure movementNew wound care products enter marketIndustry profit and consolidation
  • Chart: Revenue Growth

  • Industry Outlook
    Healthcare market expandsDomestic manufacturers focus on high-value productsConsolidation on the rise
  • Table: Wound Care Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wound Care Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pharmacies & Drug Stores
  • Specialist Doctors
  • Dentists
  • Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Generic Pharmaceutical Manufacturing
  • Law Firms
  • Organic Chemical Manufacturing
  • Sanitary Paper Product Manufacturing
  • Textile Mills

  • Products & Services
  • Advanced wound care products
  • Traditional wound care products
  • Active wound care products
  • Chart: Wound Care Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals
  • Exports
  • Wholesalers
  • Independent physicians offices
  • Clinics
  • Chart: Major Market Segmentation for the Wound Care Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Wound Care Product Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wound Care Product Manufacturing Industry

  • Industry Globalization
    Smith & Nephew PLC, The 3M Company,
  • Table: Smith & Nephew PLC - financial performance
  • Table: The 3M Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wound Care Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wound Care Product Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of people with private health insurance (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A substance that kills disease-causing organisms such as bacteria.
  • Food And Drug Administration (Fda)
  • A US agency that regulates food and drugs that are sold to consumers.
  • Medicaid
  • A social insurance program for those requiring financial assistance.
  • Medicare
  • A social insurance program for people over the age of 65.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Pathogen
  • A microorganism that causes disease.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wound Care Product Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wound Care Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wound Care Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wound Care Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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