The Global Wound Care Market is expected to grow at a CAGR of 6.20% during the forecast period 2017-2023.
Braun Melsungen AG (Europe), 3M (U.S.), Baxter (U.S.), Ethicon, Inc. (U.S.), Smith & Nephew (U.S.), ConvaTec (Europe), Kinetic Concept, Inc. (U.S.), and others.
Wound care and closure products denote regular devices adopted for the management of chronic wounds. Innovative wound care and closure products have replaced conventional ones because of their effectiveness. The worldwide wound care market is predicted to grow at more than 6 percent CAGR over the forecast period (2017 to 2023). It is propelled by burgeoning population, surgical ulcers & wounds, and research & development operations.
In addition to these, awareness regarding wound treatments and the need for innovative products also drive market growth. One of the other key propellers of wound care is rising diabetes incidences. The industry varies with respect to both product maturity & offerings. Few products are growing sluggishly, while the others are boosting industry sales. The market is competitive and has multiple small & big firms that sell products for lowering the number of days spent by patients in hospitals.
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Moreover, recent biotechnological trends have contributed to market growth. Considering the rising geriatric population globally, medical equipment & systems face the arduous task of treating complicated & grave illnesses. Patients are being transported faster from & to the hospitals, raising the pressure on care-providers and boosting the demand for high-tech products. It’s essential for manufacturers to create formidable strategies, resulting in novel product developments catering to broader audiences.
Sophisticated and advanced wound care technologies are all set to capitalize on this expansion. Apart from the already-developing synthetic dressing products, the market has experienced the advent of recombinant growth factors, endovascular arterial repair, and bi-layered human alternatives. These novel products are rapidly participating in the industry and attempting for the best treatments.
The Global Wound Care Market is segmented on the basis of products, type, application, and end users.
On the basis of products, the market is segmented into advanced wound management products, wound therapy devices, traditional wound care products, wound care products, active wound care products, and others. The advanced wound management products segment is sub segmented into advanced wound dressings, foam dressings, hydrocell foam dressings, alginate dressings, hydrogel dressings, collagen dressings, others. The wound therapy devices segment is sub segmented into oxygen and hyperbaric oxygen equipment, negative pressure wound therapy device (NPWT), cutting-edge wound therapy device, electrical stimulation devices, and others. The wound care products segment is sub segmented into sutures, surgical staples, haemostats, wound care strips, adhesives and tissue sealants, and others. The active wound care products segment is sub segmented into topical agents, artificial skin and skin substitutes, and others.
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On the basis of type, the market is categorised into chronic wounds, acute wounds, and others. On the basis of application, the market is segmented surgical wounds, ulcers, burn, trauma wounds, and others. On the basis of end users, the market is segmented into hospitals, clinics, home healthcare, trauma centers, and others.
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.5 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Market Size Estimation
3.2.1 Market Share analysis
3.3 Forecast Model
4 Market Dynamics
LIST OF FIGURES
Figure 1 Global Wound Care Market, By Product, 2016 (%)
Figure 2 Global Wound Care Market, By Type, 2016 (%)
Figure 3 Global Wound Care Market, By Application, 2016 (%)
Figure 4 Global Wound Care Market, By End User, 2016 (%)
Figure 5 Global Wound Care Market, By Region 2016 (%)
Figure 6 Global Wound Care Market: Market Structure
Figure 7 Research Process
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