Wound care biologics are drugs which are semi-synthesized or extracted from natural sources. These are beneficial for healing and controlling infections. Wound care biologics are preferred treatment options in case of burns, as they aid in fast recovery with almost no complications. They are mostly used for the managing of venous, diabetic, pressure and arterial ulcers.
Global Asia Pacific wound care biologics market is forecast to be valued at US$ 296.1 Million in 2022 and estimated to exhibit a CAGR of 7.6% over the forecast period.
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Impact of COVID-19:
Manufacturing activities and Supply chain have been disturbed in China and India owing to the lockdowns imposed by governments in last two years. COVID-19 was first reported in Wuhan, in China and then it was transmitted to other continents, which affected several industries worldwide. Supply of key materials was disrupted owing to shortage of labor, raw materials and quarantines being imposed. Transportation of raw materials was no carried out successfully between different regions as the link connecting various warehouses is not smooth. Shortage of components and raw materials has also disturbed the supply chains of the Global Asia Pacific wound care biologics market. Owing to the shortage of resources resulted in hospitalizing and diagnosing only serious patients only. The mechanism of the virus has not yet been determined so no specific drug or treatment is still been identified, except for supportive and symptomatic treatments.
Respiratory support devices like oxygen generators, monitors, life-support machines and atomizer are being used primarily for treating COVID-19. There has been an increase in the demand for nucleic acid diagnostic kits, life-support machines, instruments used for measuring temperature and antiviral medical products for diagnosis and cure. Moreover, the pandemic also impacted the economy globally and the global Asia Pacific wound care biologics market. Social distancing measures, traveling constraints and quarantines are estimated to cause a decline in consumer spending and business.
Increasing incidences of diabetes is anticipated to augment growth of the global Asia Pacific wound care biologics market over the forecast period. For instance, the Journal of Diabetology published their data in 2018 mentioning that 80 million individuals were suffering from diabetes in Southeast Asia in 2017 and it is estimated to increase up to 151 million by 2045.
Growing incidences of chronic wounds and ulcers is estimated to fuel growth of the global Asia Pacific wound care biologics market over the forecast period. For instance, in March 2018, the World Health Organization (WHO) published their data stating that in India almost 1,000,000 people individuals get severely or moderately burnt each year.
Growing adoption of alternative wound care products is estimated to hamper growth of the global Asia Pacific wound care biologics market over the forecast period. Wound care biologic products contribute in the cost of total wound management procedure and these are expensive, which results in deterring the patients from seeking proper wound care. This is also responsible for rising inclination of patients towards techniques for wound care management like antimicrobial dressing.
By Product Type:
- Biologic Skin Substitutes
- Enzyme Based Formulations
- Growth Factors
- Chronic Wounds
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Pressure Ulcers
- Acute Wounds
- Surgical Wounds
By End User:
- In-patient Settings
- Out-patient Settings
- Ambulatory Surgical Centers
- Home Care Settings
Key players active in the global Asia Pacific wound care biologics market are Kerecis, Smith & Nephew Plc, Wright Medical Group N.V., Organogenesis, Inc., Zimmer Biomet, Integra LifeSciences Holdings Corporation, Anika Therapeutics, Inc., Skye Biologics, Osiris Therapeutics, Inc., Alphatec Holdings, Inc., Amnio Technology LLC and Solsys Medical LLC.
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Reasons to buy this Asia Pacific Wound Care Biologics Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Asia Pacific Wound Care Biologics market size estimation and recent advancements in the industry are explained.
The Study Objectives are:
✔ A comprehensive insight into key players operating in the Asia Pacific Wound Care Biologics Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Asia Pacific Wound Care Biologics Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Asia Pacific Wound Care Biologics Industry Impact
Chapter 2 Asia Pacific Wound Care Biologics Competition by Types, Applications, and Top Regions and Countries
2.1 Asia Pacific Wound Care Biologics (Volume and Value) by Type
2.3 Asia Pacific Wound Care Biologics (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Asia Pacific Wound Care Biologics Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 Company Profiles and Key Figures in Asia Pacific Wound Care Biologics Business
Chapter 6 Asia Pacific Wound Care Biologics Market Forecast (2022-2028)
Chapter 7 Conclusions
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