November 14, 2019
According to research report titled ‘Global Advanced Wound Care Market: Analysis By Type (Advanced Wound Dressings, Wound Therapy Devices, Wound Biologics), By Application (Chronic Wounds, Acute Wounds), By End-User, By Region, By Country (2018 Edition): Opportunities and Forecasts (2018-2023)’ available with Market Study Report LLC, the global advanced wound care market is expected to grow with a CAGR of 5.48% through the year 2023.
Advanced wound care products assist healing through natural cell repair by providing the moisture and breathability to the wound. Growing occurrences of acute and chronic wounds, coupled with rising geriatric population, and surging cases of obesity are driving the growth of advanced wound care market.
The market is further expected to expand due to prevalence of diabetes across the globe and consequently increasing ulcer patients, along with rising demand for external wound therapy devices and bio-actives. Increasing awareness regarding surgical procedures will also augment the growth of advance wound care market.
Based on type, the market is segmented into advanced wound dressings, wound care biologics, and wound therapy devices, wherein, the foremost segment will register significant growth over the forecast period. As per the application spectrum, advanced wound care market is fragmented into acute wounds and chronic wounds.
In terms of end-user scope, the industry is divided into clinics & hospitals and homecare. The clinics & hospitals segment is expected to dominate advanced wound care market in the upcoming years, cited the report.
Considering the geographical locations, the global advanced wound care market is studied for regions like Europe, APAC, North America and rest of world. Due to the presence of large number of patients, North America advanced wound care market held the largest regional share in the year 2017.
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Major players of advanced wound care market are Coloplast, Smith & Nephew Plc, Acelity, 3M, ConvaTec, BSN Medical GmbH, Mölnlycke Health Care AB, Alliqua Bio-Medical, Advanced Medical Solutions and Medtronic.
Notably, the report facilitates in analyzing the potential growth opportunities and trends in the advanced would care market. It also provides significant statistics and data on the market’s current size and revenue shares for each segment.
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