According to Arizton’s latest research report, the APAC wound care market is growing at a CAGR of 9% during 2022-2028.
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Acute wounds are increasing in the APAC countries. The number of surgeries performed in the APAC countries is increasing due to the increasing access to hospitals and the number of surgeries. There is a massive demand for skilled nursing professionals who can handle wound care patients better. The demand is high, and supply is low. Some nurses are not trained to handle the patient scenario. Governments of developing countries are launching various schemes to reduce the impact of wounds. For instance, a pilot program for treating burn wounds was launched in India. Providing better wound care solutions will help the country increase healthcare access. Not all wound care treatments are included in the insurance schemes. In some developing countries, patients are not able to receive reimbursements for their treatments. This is limiting the usage of advanced wound care in the Asian region.
The APAC region comprises a combination of healthcare markets at different stages of development. For instance, Japan is one of the world’s most extensive and well-developed healthcare markets. Surgical trends in Japan reflect the growing emphasis on cost containment, while the demand for advanced wound care solutions remains high. The diabetic population across the globe is increasing. More than 60% of diabetic people live in Asia. China and India constitute more among the diabetic population in Asia. Despite better treatment options for diabetes, diabetic wound care has become a significant problem for countries.
Vendors have launched diabetic-specific products in the market. For instance, Smith+Nephew announced that their new research study showed better results with the GRAFIX Membrane than other products in the market.
Similarly, 3M’s product, 3M V.A.C. Therapy, has better outcomes with diabetic foot ulcer patients. Vendors in the market have started to focus on the diabetic segment of wound care alone.
Segmentation & Forecast
- Advanced Wound care
- Sutures & Stapling Device
- Traditional Wound Care Products
- Haemostat & Surgical Sealants
- Long-Term Care Facilities
- Home Healthcare
- Acute Wound
- Chronic Wound
Arizton Expertise in the Healthcare Industry
Arizton offers both syndicate and custom market intelligence & competitive intelligence solutions across MedTech, pharmaceuticals, and life sciences & biotechnology markets within the healthcare industry. Arizton’s healthcare vertical provides unbiased research and evidence-based analysis to support business decisions and comprehensive end-to-end solutions to its customers, covering all dimensions of the healthcare value chain. We track a diverse array of devices (equipment, implants, and hospital supplies) and drugs (patented, generic, & OTC) across North America, Europe, APAC, Latin America, and the Middle East & Africa regions. The healthcare reports provide historical and forecast data for 20+ key countries worldwide. We track product approvals/launches, M&A activities, and collaboration/partnership activities among pharma/biotech, medical device, and life sciences companies. Our pharmaceutical portfolio tracks 15+ therapy areas with a significant focus on immunology, oncology, rare & genetic diseases, dermatology, and metabolic diseases. Our medical devices and life sciences portfolio covers in-vitro diagnostics, healthcare IT, patient monitoring, cardiovascular devices, medical imaging, personal protective equipment, clinical laboratory services, and CMO/CDMO services.
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