Wound Care Devices Market to exhibit growth at a CAGR of 5.1%, owing to the innovation in new therapies says Fortune Business Insights in a published report titled “Wound Care Devices Market Size, Share and Global Trend By Product Type (Negative Pressure Wound Therapy (NPWT), Hyperbaric Oxygen Therapy (HBOT), Extracorporeal Shock Wave Therapy (ESWT)), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds), End Users (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025”. As per the report wound care device market is projected to reach a value of US$ 2,949.2 Mn from US$ 1,994.8 Mn during the forecast period.
Some of the Main Key Players Covered in the Report
- Smith & Nephew
- KCI Licensing, Inc.
- Talley Group Ltd
- Cardinal Health
- ConvaTec, Inc.
- DeRoyal Industries, Inc.
- Devon Medical Products
- BSN medical
- Medela AG
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The U.S to Dominate the Global Market
The lower cost of treatment along with clinical advantages of wound care devices compared to wound care dressing and therapies are factors propelling the growth of wound care devices market in the U.S. The prevalence of unmet needs among patients in the U.S along with ample reimbursement policies for wound acre devices are some of the prime factors attributing to the growth of wound care devices in North America.
Launch of new devices, an increasing number of regulatory approvals along with steady modification towards rental schemes for devices are factors anticipated to drive the wound care device market in North America during the forecast period. The market was valued at US$ 796.4 Mn in 2017 and is predicted to remain consistent and dominate the market through 2018-2025.
- Negative Pressure Wound Therapy (NPWT)
- Hyperbaric Oxygen Therapy (HBOT)
- Extracorporeal Shock Wave Therapy (ESWT)
- Diabetic Foot Ulcers
- Pressure Ulcers
- Surgical Wounds
By End User
- Home Care Settings
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Cost Reduction in Wound Care Management with the Use Of Portable Wound Care Devices
Increasing acceptance of negative pressure wound therapy by patients along with the innovation of new therapies including extracorporeal shock wave therapy for wound care is driving the wound care devices market. propitious aspects of wound care devices in exudate management such as lower cost of wound management compared to the conventional method, quick healing and relief from the wound are some of the factors projected to fuel demand for the new wound care devices.
Questions and Answers of Wound Care Devices Market:
What will the market growth rate of Wound Care Devices Market in 2025?
What are the key factors driving the Global Wound Care Devices Market?
What are sales, revenue, and price analysis of top manufacturers of Wound Care Devices Market?
Who are the distributors, traders, and dealers of Wound Care Devices Market?
Who are the key vendors inWound Care Devices space?
What are the Wound Care Devices Market opportunities and threats faced by the vendors in the Wound Care Devices Market?
What are sales, revenue, and price analysis by types, application and regions of Wound Care Devices Market?
What are the market opportunities, market risk and market overview of the Wound Care Devices Market?
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