The global wound care market size is projected to showcase significant progress and earn USD 24.55 billion by 2027. This is accountable to the increasing prevalence of chronic diseases such as diabetes, blood pressure, and the wounds that result from them, such as diabetic foot ulcers and pressure ulcers. Wound care is used for injuries that are unable to heal by themselves. If untreated, they may result in severe consequences, such as mobility issues, decreased elasticity of blood vessels, and others. A recent report by Fortune Business Insights offers an elaborative overview of the market. The report is titled, “Wound Care Market Size, Share & Covid-19 Impact Analysis, By Type (Advanced Wound Dressing, Traditional Wound Care Products, Negative Pressure Wound Therapy, Bioactives, and Others), By Application (Chronic Wounds, and Acute Wounds), By End User (Hospitals, Clinics, Homecare Settings, and Others), and Regional Forecast, 2020-2027.” According to this report, the market value stood at USD 15.68 billion in 2019 and is likely to exhibit a CAGR of 6.0% between 2020 to 2027.
Highlights of the Report:
- In-depth analysis of various insights, namely, Wound Care Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Wound Care Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Wound Care Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Johnson & Johnson Services, Inc.
- Smith & Nephew
- Coloplast Corp
- Cardinal Health
- ConvaTec Inc.
- Medtronic
- 3M
- BSN Medical (Essity)
- PAUL HARTMANN AG
- Other players
Segment:
Advanced Wound Dressing Segment to earn Largest Share Owing to Better Product Offering
Based on segmentation by type, the advanced wound dressing segment earned 42.6% wound care market share in 2019 and emerged dominant. This is owing to the presence of a diverse product portfolio
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Regional Analysis-
North America is Holding Dominance on Account of Well-established Healthcare Infrastructure
North America earned a revenue of USD 6.09 billion in 2019 and emerged dominant, followed by Europe. This is on account of the increasing prevalence of acute and chronic wounds. This coupled with the presence of well-established healthcare infrastructure and facilities, as well as favorable reimbursement policies by the governments of developed nations are likely to aid in the expansion of the regional market.
On the other side, the market in Asia Pacific is likely to exhibit rapid growth in the coming years on account of the increasing prevalence of acute and chronic diseases as a result of the rising patient population and improving healthcare and medical infrastructure.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Impact of COVID-19 Outbreak on Wound Care Market
- Key Market Players – Analyzing the Impact of COVID-19
- Prevalence of Diabetes Foot Ulcer By Key Countries, 2019
- New Product Launches, Key Market Players
- Key Industry Developments (Mergers, Acquisitions, etc.)
- Global Wound Care Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Advanced Wound Dressing
- Traditional Wound Care Products
- Negative Pressure Wound Therapy
- Bioactives
- Others
- Market Analysis, Insights and Forecast – By Application
- Chronic Wounds
- Acute Wounds
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Clinics
- Homecare Settings
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Wound Care Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis – By Type
- Advanced Wound Dressing
- Traditional Wound Care Products
- Negative Pressure Wound Therapy
- Bioactives
- Others
- Market Analysis – By Application
- Chronic Wounds
- Acute Wounds
- Market Analysis – By End User
- Hospitals
- Clinics
- Homecare Settings
- Others
- Market Analysis – By Country
- S.
- Canada
TOC Continued….
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Wound Care Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Wound Care Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Wound Care Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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