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Wound Closure Market Predicted to Accrue over US$ 2.3 Billion by 2025 | CAGR: 7.1%: Coherent Market Insights

October 19th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The global wound closure market, by product type (wound dressings and surgical wound closure products), by application (ulcer, surgical wounds, burn injuries, and other applications), by end user (hospitals, long-term care settings, and home care settings) and by region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was evaluated at US$ 2.3 billion in 2017 and is further estimated to register a robust CAGR of 7.1% during the forecast period (2017-2025).

Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-pdf/1205

The pivotal factors positively impacting the global wound closure market growth are the growing geriatric population, surging prevalence of chronic wounds, venous ulcers, diabetes ulcers, and pressure ulcers, resulting from the greater number of cases of lifestyle disease, accidents, and casualties. It is generally said that the geriatric population is more vulnerable to the wounds and ulcers, due to skin breakdown. Therefore, the ascending number of surgical procedures among the ageing population has augmented the potential for wound complications. As per the data published in the National Center for Biotechnology Information (NCBI) in November 2016, chronic wounds affect around 6.5 million patients in the U.S., with approximately US$ 25 billion annual expenditure on wound-related complications.

As per the 2016 report by the Population Reference Bureau, the prevalence rate of obesity is significantly higher among older adults. Moreover, this trend is expected to increase the global health burden, including high risk of diabetes, cardiovascular disease, osteoarthritis, stroke, and cancer, to a great extent, which would deteriorate the wound healing capacity in older adults.

Browse Press Release: https://www.coherentmarketinsights.com/press-release/wound-closure-market-to-surpass-us-23-billion-threshold-by-2025-542

Key Takeaways:

  • Increasing prevalence of chronic wounds, coupled with the emergence of technologically advanced wound closure products, create numerous opportunities for the growth of the global wound closure market.
  • Among product types, the wound dressings segment spearheads the global wound closure market, owing to various features of these products, such as optimized and cost-effective treatment, augmented wound healing time, and reduced number of dressing changes.
  • Among end-users, hospitals have emerged as the major end-user segment in the global wound closure market, owing to the increased rate of hospital admissions, surging cases of accidents, increasing casualties, and rising administration of geriatric patients with lifestyle diseases.
  • The established companies operating in the global wound closure market include Acelity L.P. Inc., Smith & Nephew Plc, Johnson & Johnson, B. Braun Melsungen AG, ConvaTec Group Plc, Baxter International Inc., Integra LifeSciences Corporation, Medtronic Plc, Molnlycke Health Care AB, and Cardinal Health, Inc.

Other Related Reports:

Wound Debridement Products Market, by Product Type (Hydrosurgical Debridement Devices, Low-Frequency Ultrasound Devices, Surgical Wound Debridement Devices, Mechanical Debridement Pads, Traditional Wound Debridement Devices, and Larval Therapy), By Application (Chronic Ulcers, Surgical Wounds, Traumatic Wounds, and Burn Cases), By End User (Hospitals, Ambulatory Surgical Centers, Specialized Clinics, Nursing Facilities, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Dental Wound Dressings Market, by Dressing type (Oxidized regenerated cellulose, Whitehead’s varnish, Carnoy’s solution, Bismuth iodoform paraffin paste, Zinc oxide-based dressings, Alvogyl, and Collagen), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis 2018 – 2026

Wound Care Biologics Market – by Product Type (Biologic Skin Substitutes, Enzyme Based Formulations, and Growth Factors), By Application (Chronic Wounds and Acute Wounds), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Home Care Settings), and by Region – Global Industry Insights, and Forecast to 2025

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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