A three-pronged approach was followed for deducing the U.S. wound care centers market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for U.S. wound care centers market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of U.S. wound care centers market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The U.S. wound care centers market was categorized into one segment, namely procedure (Debridement, Negative Pressure Wound Therapy, Compression Therapy, Hyperbaric Oxygen Therapy, Specialized Dressing, Infection Control & Others)
The U.S. wound care centers market was segmented into Procedures. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The U.S. wound care centers market was analyzed at a regional level.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The U.S. wound care centers market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Tower Wound Care Center - Tower Wound Care Center is dedicated to providing advanced, personalized care plans and specialized wound care services to help patients heal complex wounds. The center offers a range of treatment options, including advanced wound healing technology, hyperbaric oxygen therapy, ostomy consultation and management, and a limb preservation program. It has affiliations with various healthcare organizations such as Providence, Southern California Hospital, Huntington Hospital, and St. Francis Medical Center.
SNF Wound Care - SNF Wound Care is a wound care management service provider that offers wound assessment and bedside care for surgical wounds. It partners with healthcare facilities to provide 24x7 wound care services to patients. SNF Wound Care also provides in-service training for the treatment of simple to complex wounds of varied etiology. It has a team of dedicated physicians who visit healthcare centers to provide wound assessment and bedside care for surgical wounds. In addition, SNF Wound Care offers online courses and certification on wound care and license renewal through its Wound Learning Academy, which is an online education platform with content approved by the California Board of Vocational/Practical Nursing and the California Physical Therapy Association. The Wound Care Certification program offers 30 CEUs for license renewal and is valid for two years. SNF Wound Care is a wound care specialist that provides weekly bedside surgical debridements at skilled nursing facilities. It offers expert bedside surgical wound and skin care with unparalleled integrated wound management throughout the continuum of care for its partnered nursing facilities nationwide.
Wound Care Center NYC - The Wound Care Center NYC treats all types of wounds of the ankle, foot, and leg in an outpatient manner. The Wound Care Center NYC’s parent practice is the City Foot Care. The center specializes in treatment of lower extremity wounds. These include wounds related to vascular diseases and diabetes as well as wounds associated with other pathologies. In addition, the center is participating in the U.S. Investigational Device Exemption Clinical study for the CE marked dermaPACE device for advanced wound care indications; developed by Sanuwave, Inc.
Wound Institute of America - The Wound Institute of America is a specialized clinic that focuses on reconstructive surgery and advanced wound care. It offers treatment for various types of wounds, including venous leg ulcers, diabetic foot wounds, and pressure sores. The clinic is also involved in the development of new products through clinical trials. In addition to its wound care services, the Wound Institute of America provides educational programs on wound care, surgeries, note writing, and coding. The clinic is dedicated to providing comprehensive care for patients with complex wounds and is committed to staying at the forefront of the latest advancements in wound care and surgical techniques.
EmergeOrtho - EmergeOrtho is a network of orthopedic practices with 45 centers that provide orthopedic and non-orthopedic services, including diagnostics, telemedicine, bundled payment programs, and workers’ compensation. The organization also operates a Wound Healing and Hyperbaric Center as part of North Carolina Specialty Hospital’s outpatient center, offering diagnostic and treatment services for various types of nonhealing wounds. Additionally, EmergeOrtho’s orthopedic urgent care centers, formerly known as AccessOrtho, provide immediate treatment for orthopedic injuries such as breaks, sprains, and muscle pain. The urgent care centers are available at multiple locations, including the Triangle Region, and offer specialized care for orthopedic injuries, providing a convenient alternative to crowded emergency rooms.
North Shore Health and Hyperbarics - North Shore Health and Hyperbarics is a medical center that specializes in the treatment of diabetic, nonhealing, and chronic wounds through wound care services and hyperbaric oxygen therapy. The center provides services that focus on improving vascular status, appropriate dressings, debridement when indicated, and resolution of infection to promote wound healing. The center also provides treatment for various conditions, including those covered by insurance and not covered by insurance, such as crush injuries and suturing of severed limbs, gas gangrene, soft tissue radionecrosis, and complications from cosmetic surgery.
Baptist Health South Florida - Baptist Health South Florida is a not-for-profit organization that provides hospital and healthcare services across the U.S. through several hospital facilities, clinics, and diagnostics centers. The network includes Baptist Children’s Hospital, Baptist Hospital, Bethesda Hospital East & West, Baptist Medical Plazas, Boca Raton Regional Hospital, and Fishermen’s Community Hospital. It also provides home healthcare services. Baptist Health South Florida is the largest healthcare organization in the region, with 11 hospitals, more than 23,000 employees, 4,000 physicians, and 100 outpatient centers, urgent care facilities, and physician practices spanning across Miami-Dade, Monroe, Broward, and Palm Beach counties.
Natchitoches Regional Medical Center - Natchitoches Regional Medical Center (NRMC) is a non-profit organization that operates a 96-bed hospital and provides various services, including behavioral health, women’s health, primary care, wound care, and general surgery. The NRMC is affiliated with several healthcare centers, including Northwest Louisiana Cancer Center, PRISM Center for rehabilitation, Natchitoches Imaging Center, and Regional Cardiology. The NRMC’s wound care services have been operational since 2015 and are offered in partnership with Healogics, a company that specializes in wound care management. The comprehensive wound care center provides specialized wound care services to patients with chronic or non-healing wounds. The center offers prompt and efficient medical care for patients, and its goal is to provide patients with the information they need to make informed decisions about their health.
Schoolcraft Memorial Hospital - Schoolcraft Memorial Hospital (SMH) is a 12-bed rural health clinic and critical access facility located in Manistique, Upper Michigan. It offers a range of healthcare services through its 24-hour emergency department, RediCare walk-in clinic, homecare and hospice services, rural health clinic, and rehabilitation services. SMH provides services across various specialties, including general surgery, cardiology, wound care, orthopedic surgery, family medicine, and ambulatory care. The hospital’s wound care services are provided in partnership with Healogics, a company that specializes in wound care management.
Clarion Hospital - Clarion Hospital is a community hospital with a 67-bed facility that provides advanced wound healing and hyperbaric, rehabilitation, women’s health, and oncology treatment services, among others. The hospital’s Advanced Wound Healing and Hyperbaric Center is located on the first floor of the Clarion Health Complex, adjacent to the hospital. The center offers specialized wound care services, including debridement, negative pressure wound therapy, and hyperbaric oxygen therapy. The hospital is part of the Butler Health System since 2019 and is a teaching hospital that provides internship and residency programs to medical students, accredited by the American Osteopathic Association.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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