Wrapped up: Aging consumers and rising health insurance coverage will boost revenue

Operators in the Wound Care Product Manufacturing industry manufacture products that protect injured parts of the body. Industry performance relies heavily on the healthcare sector, which has experienced strong growth over the past five years; increasing public health expenditure and private health coverage have made medical services more accessible to US consumers. The 2010 implementation of the Patient Protection and Affordable Care Act has supported this growth over the past five years and is expected to continue to do so over the five years to 2022. Public and private healthcare coverage has already been extended to millions of previously uninsured Americans as a result of this legislation, expanding the pool of industry customers...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
1.6%
Forecast Growth 17-22
Profit
Employment
6,303
Businesses
155

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 Investment Chapter

    The Wound Care Product Manufacturing industry has a moderate level of capital intensity. In 2017, the industry is expected to invest $0.13 in capital for every dollar it invests in labor. For a manufacturing industry, wound care product manufacturers have relatively high wage costs due to the need for skilled specialists who create a variety of different medical accessories used for wound care. Nonetheless, the industry also has a moderate level of fixed capital expenses and production is automated for basic and generic industry products, such as those marketed directly to consumers. In 2017, depreciation costs are estimated to account for 2.1% o...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 movement
  • New wound care products enter market
  • Industry profit and consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthcare market expands
  • Domestic manufacturers focus on high-value products
  • Consolidation 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, 3M Company,
  • Table: Smith & Nephew PLC - financial performance
  • Table: 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
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Antimicrobial
  • 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 industry research report on Wound Care Product Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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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