The global “chronic wound care market” size is projected to reach USD 16.36 billion by the end of 2027. The increasing investment in the technological integration will open up a huge potential for the growth of the overall market. According to a report published by Fortune Business Insights, titled “Chronic Wound Care Market Size, Share & COVID-19 Impact Analysis, By Type (Diabetic Ulcers, Pressure Ulcers, Venous Ulcers, and Arterial Ulcers), By Product (Advanced Wound Dressings, Wound Care Devices, Active Therapy, and Others), By End User (Hospitals & Wound Care Centers, and Homecare Settings & Others), and Regional Forecast, 2020-2027,” the market was worth USD 10.12 billion in 2019 and will exhibit a CAGR of 6.2% during the forecast period, 2020-2027.

Chronic wounds are diseases that haven’t been successfully treated during the process of treatment of repair. The costs associated with chronic wounds are much higher than normal disease treatment. According to data published by the US National Library of Medicine, in 2018, around 5.7 million people in the United States suffered from chronic wound diseases. The high prevalence of the disease will create several growth opportunities for the companies operating in the market.

The high emphasis on early detection and treatment of chronic diseases will also contribute to market growth. Chronic wounds can result in severe conditions that can be potentially life-threatening; a factor that has created huge awareness regarding the treatment of the disease. The presence of several large scale healthcare companies, coupled with the massive investments in product R&D, will emerge in favor of growth of the overall chronic wound care market in the coming years.

Major Chronic Wound Care Market Key players covered in the report include:

  • Smith & Nephew (London, U.K.)
  • Cardinal Health (Dublin, Ohio)
  • Coloplast Corp (Humlebaek, Denmark)
  • ConvaTec Inc. (England, U.K.)
  • Mölnlycke Health Care AB (Gothenburg, Sweden)
  • Integra LifeSciences Corporation (New Jersey, U.S.)
  • 3M (Minnesota, U.S)
  • Braun Melsungen AG (Melsungen, Germany)
  • Tissue Regenix (West Yorkshire, U.S)
  • Other Players

Get Request a Sample Copy of the Chronic Wound Care Report:

https://www.fortunebusinessinsights.com/enquiry/sample/chronic-wound-care-market-100222

Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.

Chronic Wound Care Market Analysis 2021:

Constant Product Innovations will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the rising prevalence of chronic diseases across the world, several large scale companies are looking to invest more in product innovations with a bid to acquiring a wider consumer base. The increasing investments in product innovations will bode well for the growth of the overall market in the coming years. In February 2019, Axio Biosolutions Pvt. Ltd. announced the launch of a new advanced dressing made from an advanced product. The company announced the launch of ‘MaxioCell,’ a product that is made from chitosan. Through this product, the company will look to strengthen its position in the global market. Axio Bioslolutions’s latest product will not just benefit the company but will also have a direct impact on the growth of the overall chronic wound care market in the foreseeable future.

North America Likely to Emerge Dominant; Presence of Several Health Reimbursement Policies will Bode Well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The high prevalence of chronic diseases, especially in the Unites States, will create several growth opportunities for the companies operating in this region. Moreover, the presence of adequate health reimbursement policies will lead to a wider adoption of chronic wound care in this region. As of 2019, the market in North America was worth 3.87 billion and this value is projected to increase at a considerable pace in the coming years. The market in Asia Pacific is projected to register a high CAGR in the coming years, driven by the presence of several large scale companies in countries such as India and China.

Industry Developments:

July 2018: A team of scientists at Tufts University announced the launch of a new smart bandage to monitor chronic wounds and automatically deliver antibiotics at wound site when they are required.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/chronic-wound-care-market-100222

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
    • Prevalence of Key Chronic Wounds, By Key Countries/ Regions, 2019
    • New Product Launches, By Key Market Players
    • Key Industry Developments (Mergers, Acquisitions, etc.)
  • Global Chronic Wound Care Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Diabetic Ulcers
      • Pressure Ulcers
      • Venous Ulcers
      • Arterial Ulcers
    • Market Analysis, Insights and Forecast – By Product
      • Advanced Wound Dressings
      • Wound Care Devices
      • Active Therapy
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Wound Care Centers
      • Homecare Settings & Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Chronic Wound Care Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Diabetic Ulcers
      • Pressure Ulcers
      • Venous Ulcers
      • Arterial Ulcers
    • Market Analysis, Insights and Forecast – By Product
      • Advanced Wound Dressings
      • Wound Care Devices
      • Active Therapy
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Wound Care Centers
      • Homecare Settings & Others
    • Market Analysis, Insights and Forecast – By Country
      • U.S.
      • Canada
  • Europe Chronic Wound Care Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Diabetic Ulcers
      • Pressure Ulcers
      • Venous Ulcers
      • Arterial Ulcers
    • Market Analysis, Insights and Forecast – By Product
      • Advanced Wound Dressings
      • Wound Care Devices
      • Active Therapy
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Wound Care Centers
      • Homecare Settings & Others
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • U.K.
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe
  • Asia Pacific Chronic Wound Care Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Diabetic Ulcers
      • Pressure Ulcers
      • Venous Ulcers
      • Arterial Ulcers
    • Market Analysis, Insights and Forecast – By Product
      • Advanced Wound Dressings
      • Wound Care Devices
      • Active Therapy
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Wound Care Centers
      • Homecare Settings & Others
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • Japan
      • China
      • India
      • Australia
      • Southeast Asia
      • Rest of Asia Pacific

Toc Continue…

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