Increasing incidence of chronic diseases such as diabetes and cancer will enable growth in the global advanced wound care market. Fortune Business Insights, has published a report, titled “Advanced Wound Care Market Size, Share and Global Trend By Product (Advanced Wound Dressings, Wound Care Devices & Active Wound Care), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds, Others), End User and Geography Forecast till 2025.” According to the report in 2017, the global advanced wound care market was valued at US$ 9273.3 Mn. The global advanced market is anticipated to expand at a CAGR of 4.8% and value US$ 13,450 Mn by the end of 2025.
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The report classifies the global market in terms of various segments such as regions, product, type, end users, and others. As per the report, North America emerged dominant in the global advanced wound care market in 2017. The North America market was valued at US$ 3874.4 Mn in 2017.
Some of the leading companies
- Derma Sciences Inc.
- Coloplast Corp
- ConvaTec Inc.
- Tissue Regenix
- Mölnlycke Health Care AB
- Smith & Nephew
- Organogenesis Inc.
- KCI Licensing, Inc
- Other Prominent Players
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/advanced-wound-care-market-100060
Rising Number of Surgeries Conducted Worldwide to Drive Global Market
Increasing per capita income and increasing cases of chronic diseases such as cancer, diabetes, and others are a few factors anticipated to drive the global market during the forecast period. Additionally, long term hospital stays, backed by rising number of surgical procedures taking place is a factor expected to increase the growth rate in the global market.
Besides this, the increasing geriatric population has been constantly contributing to the global advance wound care market’s growth. Innovation of new products is generating demand for approvals on products such as biological skin equivalents and extracorporeal shock wave therapy devices. This is anticipated to propel growth in the global advanced wound care market.
On the contrary, the factors expected to hamper the growth in the global market are high cost involved in advanced wound care products and services and lack of clinical efficiency for advance wound dressing.
Strong Distribution Network of Leading Organizations to Propel Growth
At present ConvaTec Inc., Smith & Nephew, and KCI Licensing Inc. are leading the global advanced wound care market. The growth witnessed in the market is attributable to these organizations’ diverse product portfolio and strong distribution network. Some of the leading companies operating in the global advanced wound care market are MiMedx, Coloplast Corp, Derma Sciences Inc., Tissue Regenix, Mölnlycke Health Care AB, and Organogenesis Inc.
Questions and Answers of Advanced Wound Care Market
- What will the market growth rate of the Market in 2025?
- What are the key factors driving the Global Market?
- What are sales, revenue, and price analysis of top manufacturers of the Market?
- Who are the distributors, traders and dealers of market?
- Who are the key vendors in Advanced Wound Care space?
- What are the opportunities and threats faced by the vendors in the Market?
- What are sales, revenue, and price analysis by types, application and regions of Advanced Wound Care Market?
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