Global Advanced Wound Care Market accounted for US$ 10.5 billion in 2020 and is estimated to be US$ 24.5 billion by 2030 and is anticipated to register a CAGR of 8.9%. Advanced wound care products are used for wound healing process. These products are primarily used by healthcare physicians owing to its excellent end-use applications. Many modern dressings are self-adhesive. Advanced wound care products are currently used by various healthcare physicians, owing to its excellent end-use applications. Advanced wound care products offers unique therapeutic properties for encouraging effective wound healing process. North America dominates the global advanced wound care market and is expected to maintain its dominancy over the forecast period owing to growing incidence of diabetes and associated chronic wounds in the region. The market in Asia Pacific is expected to show significant growth rates in global advanced wound care market.
The report " Global Advanced Wound Care Market By Product type (Moist Wound Dressings (Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressings, Hydrogel Dressings, and Collagen Dressing), Wound Therapy Devices, (Pressure relief devices, negative pressure wound therapy systems, hyperbaric oxygen equipment, and electrical stimulation devices) and Active Wound Care (Artificial skin and substitutes and topical agents), By Wound Type (Ulcers (Pressure ulcers, diabetic foot ulcers, and venous ulcers), Surgical Wounds, Burns, Traumatic Wounds, and Other Wounds), By End-User (Hospitals and Clinics, Home Care Settings, and Other End Users) and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
- In 2019, Smith & Nephew, Plc., the global medical technology business has announced completion of the acquisition of Osiris Therapeutics, Inc.
- In March 2020, Smith and Nephew Plc. (UK) launched PICO 14 Single- use NPWT device and dressings in US.
Analyst View:
Increasing prevalence of acute and chronic diseases across the globe is major factor driving growth of the global advanced wound care market. For instance, according to data published by National Center for Biotechnology Information (NCBI), the prevalence of diabetes is anticipated to double globally from 171 Mn in 2000 to 366 Mn in 2030. Further, National Center for Biotechnology Information is predicted that by 2030 diabetes mellitus may afflict up to 79.4 Mn individuals in India, while China (42.3 Mn) and the United States (30.3 Mn). Rising new product launch, robust pipeline of drugs, and approval supports from regulatory bodies are factors fueling growth of the global advanced wound care market Moreover, increasing geriatric population with its associated complications across the globe is expected to create demand for wound care products over the forecast period.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Advanced Wound Care Market By Product type (Moist Wound Dressings (Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressings, Hydrogel Dressings, and Collagen Dressing), Wound Therapy Devices, (Pressure relief devices, negative pressure wound therapy systems, hyperbaric oxygen equipment, and electrical stimulation devices) and Active Wound Care (Artificial skin and substitutes and topical agents), By Wound Type (Ulcers (Pressure ulcers, diabetic foot ulcers, and venous ulcers), Surgical Wounds, Burns, Traumatic Wounds, and Other Wounds), By End-User (Hospitals and Clinics, Home Care Settings, and Other End Users) and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030”
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Key Market Insights from the report:
Global Advanced Wound Care Market accounted for US$ 10.5 billion in 2020 and is estimated to be US$ 24.5 billion by 2030 and is anticipated to register a CAGR of 8.9%. The global advanced wound care market has been segmented on the basis of product, wound type, end-user, and region.
- On the basis of product type, the Global Advanced Wound Care Market is segmented into Moist Wound Dressings (Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressings, Hydrogel Dressings, and Collagen Dressing), Wound Therapy Devices, (Pressure relief devices, negative pressure wound therapy systems, hyperbaric oxygen equipment, and electrical stimulation devices) and Active Wound Care (Artificial skin and substitutes and topical agents).
- On the basis of wound type, the target market is segmented into Ulcers (Pressure ulcers, diabetic foot ulcers, and venous ulcers), Surgical Wounds, Burns, Traumatic Wounds, and Other Wounds.
- On the basis of end-user, the target market divided into Hospitals and Clinics, Home Care Settings, and Other End Users
- Based on region the global orphan drugs market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market dominates the global market in terms of revenue over the forecast period. This can be attributed to the high rate of adoption of the advanced technologies in the market studied.
Competitive Landscape:
The Key players operating in the global advanced wound care market includes Smith and Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group, Coloplast, Integra LifeSciences, 3M Company, Cardinal Health, Acelity L.P., Medtronic.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Global Advanced Wound Care Market was valued US$ 9.9 Bn in 2018 and is expected to reach US$ 15.55 Bn by 2026, at a CAGR of 5.81 % during a forecast period.
The major factors attributed to the advanced wound care market growth are the rapid increase in the occurrence of chronic diseases such as diabetes, due to a change in lifestyle factors and tries to reduce the duration of hospital stays to bind the surgical costs.
In addition, the demand for the advanced wound care market is driven by favorable reimbursement scenario, increase in healthcare expenditure by the government, and rise in inclination towards products that enhance therapeutic outcomes.
Increasing number surgeries due to trauma, accidents and rising prevalence of chronic diseases will outgrowth the market over forecast period.
The report also helps in understanding Global Advanced Wound Care Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
For More Information Visit https://www.maximizemarketresearch.com/market-report/global-advanced-wound-care-market/28998/ Scope of Global Advanced Wound Care MarketGlobal Advanced Wound Care Market, By ProductMoist Wound Dressings • Wound Therapy Devices • Active Wound Care • OtherGlobal Advanced Wound Care Market, By TypeAcute • ChronicGlobal Advanced Wound Care Market, By ApplicationDiabetic wound • Skin burns • Pressure wound • Surgical wound • Ulcers • OthersGlobal Advanced Wound Care Market, By End UserHospitals • Community CentersGlobal Advanced Wound Care Market, By RegionNorth America • Europe • Asia Pacific • Middle East & Africa • South AmericaKey Players Operating in Global Advanced Wound Care Market3M Company • Smith & Nephew plc • Coloplast A/S • Medtronic plc • Acelity L.P. Inc. • ConvaTec Healthcare B S.à.r.l.
The Advanced Wound Care Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The broad advanced wound care market has been sub-grouped into product and end-user.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Advanced Wound Care Market Market Report with Full TOC At:https://www.valuemarketresearch.com/contact/advanced-wound-care-market/download-sampleBy ProductMoist Wound DressingWound Therapy DevicesActive Wound CareBy End-UserHospitals & ClinicsHomecare SettingsOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the advanced wound care market includes 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.
