The Global Advanced Wound Care Market is expected to reach USD 24,054.5 billion by 2025 growing at a healthy CAGR in the forecast period 2018 to 2025.
Rising aging population, growing incidences of diabetes, technological advancement, rising awareness regarding new technology, government support in the terms of funding, reduced the duration of hospital stays, rising incidence of chronic wounds, problem associated with ineffective traditional wound healing method, increase funding in wound care and development, increasing volume of surgeries across the globe, faster recovery and healing time, range of wound indications at relatively lower prices, innovative products and rising demand in emerging healthcare market are some of the drivers contributing to the growth of the market.
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The key market players for Global Advanced Wound Care Market are listed below:
- Acelity L.P. Inc
- Smith and Nephew
- Molnlycke Healthcare AB
- Convatec Inc
- Ethicon. Inc
- Integra Life Sciences Corporation
- Derma Sciences Inc.
- Organogenesis Inc,,
- B.Braun Melsungen AG
- Paul Hartmann Limited
Based on geography, the market is segmented into 5 geographical regions:
- North America
- South America
- Middle East and Africa
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The market is further segmented into:
- Wound type
- End Users
- Distribution Channel
The Global Advanced Wound Care Market is segmented into three product types, namely, dressing, biologics, and therapy devices. In 2018, dressing segment is expected to dominate the global advanced wound care market and is expected to reach USD 14,437.8 million growing at a CAGR of 9.4% in the forecast period 2018 to 2025. However biologics segment is expected to grow at the highest CAGR of in the forecast period.
On the basis of end users, the market is classified into hospitals, wound care centers, ambulatory centers, home healthcare, clinics, and community healthcare. On the basis of end user the market is segmented into direct tenders, and retails. In 2018, hospitals segment is expected to dominate the global advanced wound care market in the forecast period 2018 to 2025. However home healthcare segment is expected to grow at the highest CAGR of in the forecast period.
On the basis of distribution channel the market is segmented into direct tenders, and retails. In 2018, direct tenders segment is expected to dominate the global advanced wound care market with 79.8% market share and is expected to reach USD 20,128.3 million by 2025 from USD 9,946.9 million in 2017, growing at the highest CAGR of 9.3% in the forecast period 2018 to 2025.
Covered in this report
The report covers the present scenario and the growth prospects of the global advanced wound care for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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