According to the latest study on “Bioactive Wound Management Market Forecast to 2027– COVID-19 Impact and Global Analysis by product, application, end user,” the global bioactive wound management market was valued at US$ 1,751.38 million in 2019 and is projected to reach US$ 3,057.12 million by 2027; it is expected to grow at a CAGR of 7.3% during 2020–2027. The report highlights trends prevailing in the global bioactive wound management market and the factors driving market along with those that act as hindrances.
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Top Companies Analysis- Smith+Nephew, MiMedx, Integra LifeSciences, Organogenesis, Tissue Regenix Group Plc, Coloplast, Hartmann plc, Covalon Technologies Ltd., ConvaTec, and ETS Wound Care, LLC are among the leading companies operating in the bioactive wound management market.
The wound dressing made by using biomaterials is known as bioactive wound care dressings. These materials are designed to be in direct contact with the injury and prevent the chances of further infection. The dressings are made up of both synthetics as well as natural polymers. The rise in diabetes cases, as well as skin injuries due to burns, fuels the growth of the bioactive wound management market.
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Based on application, the global bioactive wound management market is segmented into pressure ulcers, diabetic foot ulcers, venous leg ulcers, burn wounds, and surgical wounds. The burn wounds segment held the largest share of the global bioactive wound management market in 2019. However, the surgical wounds segment is anticipated to register the highest CAGR during the forecast period. The surgical procedures such as cesarean section, orthopedic procedures, neurosurgical procedures, and intraabdominal procedures commonly result in surgical site infections (SSI), thus requiring proper wound management practices. This factor is leading to wider opportunities for the growth of the bioactive wound management market players.
Based on product, the bioactive wound management market is segmented into alginates, collagen-based dressings, antimicrobial dressings, bioengineered skin substitutes, and hydrocolloids. The alginates segment held the largest share of the market in 2019.
Based on application, the bioactive wound management market is segmented into pressure ulcers, diabetic foot ulcers, venous leg ulcers, burn wounds, and surgical wounds. The burn wounds segment held the largest share of the market in 2019 owing to increasing number of burn incidence globally, especially in low-income countries. According to the WHO data for 2018, every year, ~180 000 deaths are caused due to burning injuries.
End User-Based Insights
Based on end user, the bioactive wound management market is segmented into hospitals and clinics, ambulatory surgical centers, and others. The hospitals and clinics segment held the largest share of the market in 2019, and it is also anticipated to register the highest CAGR during the forecast period.
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