Advanced Wound Care Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Advanced wound care products are those which provide much-needed relief to the people who are suffering from Chronic wounds in which they take a significant amount of time to heal and are expensive to treat. Traditional wound care products are progressively being replaced by advanced wound care products due to their adequacy and usefulness in managing wounds by enabling faster healing.
Global Advanced Wound Care Market Report Segments Size & Growth:
Global Advanced Wound Care Market size is projected to reach approximately $ 10,634.2 million by the end of 2024 with a CAGR of close to 4.54% from $8289.4 million in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include rising incidence of diabetes & associated chronic wounds, rapid growth in the geriatric population, increasing adoption of evidence-based treatments for chronic wounds, innovation in advanced wound care products, and awareness programs for advanced wound care treatment and management. However, the high cost of advanced wound care products is thereby hampering the market growth.
Global Advanced Wound Care Market Report Segments Share:
Global Advanced Wound Care Market is categorised into a type which comprises dressings, therapy devices, and active wound care.
Advanced Wound Care Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Among them, dressings segment is expected to hold the most significant share because of the increasing incidence of target indications, such as diabetic ulcers, venous ulcers, and pressure ulcers. By Wound Type, the market is segmented into surgical wounds, ulcers, traumatic wounds, burns, and others. Among them, Surgical wounds segment is expected to hold the most significant share due to the prevalence of pressure ulcers and venous leg ulcers in the geriatric population and increasing the demand for advanced wound care products By End User; the market is segmented into inpatient services and outpatient services. Among them, hospitals and clinics segment is estimated to account for the most significant share due to increasing patient admissions for the treatment of chronic wounds, rising incidence of diabetes, and improving hospital infrastructure in developing countries. By Geography, North America is projected to dominate the market with the most significant share due to the rapid growth of this region can be attributed to the introduction of the wound care diagnostics to identify pathogens and microorganisms. Also, the increasing focus of players on the development of new products and technological advancements is likely to
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Advanced Wound Care Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
accelerate the growth of North America in the next few years.
Global Advanced Wound Care Market Report Trends:
- Smith & Nephew to pilot digital wound care solution in supporting life sciences sector deal.
- Braun Medical Inc. announced the launch of Prontosan Wound Gel X. It is the only wound gel available on the market that contains Betaine (surfactant).
Global Advanced Wound Care Market Report Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Smith & Nephew
- Molnlycke Health Care
- Braun
- Convatec Group
- Coloplast
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