The report on ‘Global Acute Wound Care Market’ available with MarketStudyReport states that global acute wound care market is estimated to accrue sustainable returns during 2022-2028.
The major factors driving the market growth are rising diabetes rates and increasing proportion of an aging population.
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For those unversed, cuts or punctures to the skin have the potential to cause an acute wound, which harms the skin's epidermis. An acute wound may become a chronic wound without the necessary stages of healing, which further delays it.
There are two types of acute wounds traumatic and surgical. Surgical wounds may be left exposed to heal or stitched shut by medical professionals. Traumatic wounds can be caused by abrasion, puncture, laceration, incision, and other injuries.
Additionally, market growth is anticipated to be accelerated during the forecast period given the surging demand for R&D medicines to treat serious wounds.
However, the industry’s progress may be hampered by the high costs and risks associated with these goods over the projected period of 2022–2028.
Worldwide acute wound care market is analyzed on the basis of type, product category, and end-user scope. Based on type, the market is divided into traumatic wounds and surgical wounds.
In terms of product category, this marketplace is bifurcated into traditional wound care products, surgical wound care products, and advanced wound management products. By end-user scope, the business space is segregated into long-term care facilities, hospitals, home healthcare, and specialty wound care clinics.
Geographically, this marketplace is spread across Asia Pacific, Europe, North America, Latin America, and the Rest of the World. Of these, North America market stands tall in terms of market share and is poised to record a healthy CAGR through the analysis period, due to rising diabetes rates and an ageing population.
Among these, Europe industry is also estimated to witness the highest growth rate over the forecast period, owing to increasing R&D activities for products to treat severe wounds.
The major companies driving the competitive landscape of global acute wound care industry vertical are Hollister Incorporated, Derma Science Inc., Coloplast A/S, Covidien plc, Ethicon, 3M Company, ConvaTec Group Plc., Acelity L.P. Inc., Smith & Nephew plc., and Molnlycke Health Care AB.