The Report of Global Wound Care Market by Market Research Future Covers the Information like Wound Care Market Growth, Eminent Players, Upcoming Trends, Industry Dynamics, Major Drivers and chapter-wise Description followed by various user perceptions.
Wound Care Market – Overview
Global Wound Care Market is deemed to experience a modest CAGR of 6.20% during the forecast period (2017-2023), asserts Market Research Future (MRFR). Wound care provides faster relief to people suffering from chronic diseases. Recent years have seen wound care treatments transforming a great deal by becoming a more efficient method owing to technological advents and slowly replacing the traditional wound care treatments.
Drivers and Restraints:
The American Burn Association had stated in 2014, approximately 486,000 cases of burn injuries were registered, and the wound care market benefitted from it the most. Chronic diseases such as pressure ulcers, diabetic ulcers, and venous stasis ulcers are on the rise. These have sparked a demand for medical care readily accessible and can be used as per the convenience.
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Other factors such as increasing geriatric population which according to WHO can cross the daunting mark of 2 billion by 2050, demand for swift and safer treatment and reduced hospital duration can influence the market growth. Government initiatives are also commendable wherein they try hard to generate awareness regarding such treatment. Rising disposable income and growing health awareness can also trigger an impressive growth.
However, the high cost of the advanced wound care treatment method can impede the general market expansion.
Wound Care Market – Segmentation:
The global wound care market has been segmented on the basis of product, type, application and end user. Based on product, the wound care market has been segmented into advanced wound management products, traditional wound care products, wound therapy devices, wound care products and active wound care products.
The advanced wound management segment is forecasted to account for the largest share in the global wound care market owing to the increasing demand for innovative wound management products in the global market.
Based on type, the wound care market has been segmented into chronic wound and acute wound. Based on application, the wound care market has been segmented into surgical wound, ulcer, burn and trauma wound.
The chronic wound segment is forecasted to dominate the global wound care market owing to the rising geriatric population and prevalence of diabetes. Based on end-user, the wound care market has been segmented into hospitals, clinics, home healthcare and trauma centers.
In November 2018, Dermozone, an Indonesia-based wound care product manufacturer, has synthesized +dalethyne after 18 years of untiring research. +delethyne will be utilized as a key ingredient of the new range of Dermozone wound care products which would be launched soon in India.
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In November 2018, Ren Ci Hospital and Tetsuyu Healthcare (Singapore) has collaboratively developed a wound management application, CARES4WOUNDS, which is capable of capturing 3D images of wounds, record, measure and monitoring progress of wounds and also providing treatment guidance online.
In October 2018, researchers at Albert Einstein College of Medicine (the U.S.) have incorporated a gene-suppressing drug into an over-the-counter wound care gel, which has led to the reduction of healing time by half and has significantly improved the healing outcomes compared to control treatments.
Wound Care Market – Competition:
The market is highly competitive with various market influencers investing heavily in research and development to come up with impactful products that could change the market equation. Expanding business in diverse regions is also an option with which the key players are trying to stay afloat in the market. For instance, B. Braun Medical Industries has recently announced the inauguration of medical facilities in Penang, Malaysia. Acquisitions are also an age-old process with which companies expand their business. Recently, ConvaTec Group Plc has acquired J&R Medical LLC to improve their market portfolio.
Key market influencers are Smith & Nephew (U.S.), ConvaTec (Europe), 3M (U.S.), Baxter (U.S.), Ethicon, Inc. (U.S.), Braun Melsungen AG (Europe).
Wound Care Market – Regional Analysis:
Geographically, the global wound care market has been segmented into five major regions such as North America, Europe, South America, Asia Pacific, and the Middle East and Africa.
The North America region captures the major share in the global wound care market owing to the high demand for wound care as a result of increasing prevalence of diabetic patients who require prolonged wound healing time and increased healthcare expenditure by the population in this region.
The Europe region commands for the second largest share in the global wound care market owing to the increased research and development investments for the introduction of highly effective wound care medication in the well-developed healthcare sector and innovative initiatives from non-governmental as well as government organizations such as European Wound Management Association in this region. Increasing geriatric population, high prevalence of diabetes and rise in awareness regarding wound care are majorly propelling the growth of the wound care market in the Asia Pacific region.
Major TOC of Wound Care Market Research Report –Forecast till 2027:
1 Report Prologue
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Wound Care Market, By Product
7 Global Wound Care Market, By Type
8 Global Wound Care Market, By Application
9 Global Wound Care Market, By End User
10 Global Wound Care Market, By Region
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List of Figures:
FIGURE 1 GLOBAL WOUND CARE MARKET, BY PRODUCT, 2016 (%) 12
FIGURE 2 GLOBAL WOUND CARE MARKET, BY TYPE, 2016 (%) 13
FIGURE 3 GLOBAL WOUND CARE MARKET, BY APPLICATION, 2016 (%) 14
FIGURE 4 GLOBAL WOUND CARE MARKET, BY END USER, 2016 (%) 14
FIGURE 5 GLOBAL WOUND CARE MARKET, BY REGION 2016 (%) 15
FIGURE 6 GLOBAL WOUND CARE MARKET: MARKET STRUCTURE 17
FIGURE 7 RESEARCH PROCESS 18
FIGURE 8 VALUE CHAIN: WOUND CARE PRODUCTS 29
FIGURE 9 PORTERS FIVE FORCES MODEL 31
FIGURE 10 GLOBAL WOUND CARE MARKET, BY PRODUCT, 2016 & 2027 (USD MILLION) 34
FIGURE 11 GLOBAL WOUND CARE MARKET, BY TYPE, 2016 & 2027 (USD MILLION) 40
FIGURE 12 GLOBAL WOUND CARE MARKET, BY APPLICATION, 2016 & 2027 (USD MILLION) 42
FIGURE 13 GLOBAL WOUND CARE MARKET, BY END USER, 2016 & 2027 (USD MILLION) 46
FIGURE 14 GLOBAL WOUND CARE MARKET, BY REGION, 2016 & 2027 (USD MILLION) 51
FIGURE 15 AMERICAS WOUND CARE MARKET, BY REGION, 2016 (%) 52
FIGURE 16 NORTH AMERICA WOUND CARE MARKET, BY REGION, 2016, (%) 55
FIGURE 17 EUROPE WOUND CARE MARKET, BY REGION, 2016, (%) 68
FIGURE 18 WESTERN EUROPE WOUND CARE MARKET, BY COUNTRY, 2016, (%) 71
FIGURE 19 ASIA-PACIFIC WOUND CARE MARKET, BY REGION, 2016 (%) 95
FIGURE 20 THE MIDDLE EAST & AFRICA WOUND CARE MARKET, BY REGION, 2016 (%) 116
FIGURE 21 GLOBAL WOUND CARE COMPANY SHARE ANALYSIS, 2016 (%) 125
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