Report Perceives Advanced Wound Care Market To Grow at a CAGR Of 4.5% from 2019 to 2025
Posted On January 31, 2019
Value Market Research delivers key insight in its recently published report on Global Advanced Wound Care Market .The Global Advanced Wound Care Market was valued USD 10.5 BN (by revenue) in 2018 and is anticipated to reach USD 14.2 BN by 2025 with a CAGR of 4.5%. Rising cases of chronic wounds and trauma are anticipated to upsurge the market growth over the forecast timeline. Increasing geriatric population base which is at higher risk of developing chronic wounds will further support the product demand. Also, rising awareness regarding benefits of advanced wound care products and its gradually increasing adoption will further augment the market growth. The rising number of diabetic foot ulcer patients is also likely to generate a huge demand for advanced wound care products. On the flip side, the high cost associated with the advanced wound care products along with low awareness among people, especially in underdeveloped countries, are expected to hinder the market growth.
Advanced wound care products are used to treat acute and chronic wounds. These products have emerged as a standard solution for treating wounds and they are gradually replacing the traditional wounds care products owing to their efficacy and effectiveness in treating wounds by enabling faster healing.
The report titled "Global Advanced Wound Care Market Report By Product (Moist Wound Dressing, Wound Therapy Devices And Active Wound Care), By End-User (Hospitals & Clinics, Homecare Settings And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” gives a comprehensive view of the market which also include key strategic developments of the market.
In the report the market segmentation has been done on the basis of product, end-user, and region. By-product the market has been split into moist wound dressing, wound therapy devices, and active wound care. The moist wound dressing is gaining traction in the market since this dressing helps in creating a moist environment around the wound which facilitates the faster healing process. Also, the growing incidence of burn injuries is projected to drive the segment growth. On the basis of end-user, the market has been categorized into hospitals & clinics, homecare settings, and others. Among which, hospital segment is accounted for holding the highest number of share in the market and is projected to continue over the forecast period. The growth of this segment can be primarily attributed to a rising number of surgeries performed in the hospitals. The growth of the hospital is also fueled by the increasing prevalence of chronic diseases and wounds. Region-wise, the market has been studied over North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America accounted for the maximum share in the global advanced wound care market owing to the increasing cases of chronic wounds, such as diabetic foot and pressure ulcers, in the region. Also, easy availability of products owing to the presence of major market players and their wide distribution network will also contribute to the growth in this region.
The Report Segments Global Advanced Wound Care Market -
- Moist Wound Dressing
- Wound Therapy Devices
- Active Wound Care
- Hospitals & Clinics
- Homecare Settings
- North America
- Latin America
- Middle East and Africa
Major Players Profiled In The Report:
3M Company, Acelity L.P. Inc., Alliqua BioMedical, Inc., BSN Medical GmbH, Coloplast A/S., ConvaTec Healthcare B S.à.r.l., Integra LifeSciences Holdings Corporation, Medtronic plc., Mölnlycke Health Care AB (a subsidiary of INVESTOR AB) and Smith & Nephew plc.
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