Press Release

Global Chronic Wound Care Market Size and Share By Industry Demand, Worldwide Research, Prominent Players, Emerging Trends, Investment Opportunities and Revenue Expectation till 2027

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.

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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

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.

Decrease in Hospital Visits During Covid-19 Pandemic will have an Adverse Effect on Market Growth

The recent coronavirus outbreak has instilled a sense of panic and confusion among people across the globe. The rapid spread of the disease has compelled people to stay indoors. Moreover, governments of several countries across the world have taken several efforts to curb the spread of the disease; lockdown and social distancing being the most effective measures. As a result, the number of hospital visits during the pandemic has gone down significantly. This factor will negatively affect the chronic wound care market in the immediate future.

Click here to get the short-term and long-term impact of COVID-19 on this Chronic Wound Care Market.Please visit: https://www.fortunebusinessinsights.com/industry-reports/chronic-wound-care-market-100222

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.

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Table of Content:

1 Chronic Wound Care Market Overview

1.1 Chronic Wound Care Product Overview

1.2 Chronic Wound Care Market Segment by Type

1.3 Global Chronic Wound Care Market Size by Type (2015-2027)

1.3.1 Global Chronic Wound Care Market Size Overview by Type (2015-2027)

1.3.2 Global Chronic Wound Care Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Chronic Wound Care Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Chronic Wound Care Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Chronic Wound Care Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Chronic Wound Care Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Chronic Wound Care Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Chronic Wound Care Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Chronic Wound Care Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Chronic Wound Care Sales Breakdown by Type (2015-2027)

1.4.2 Europe Chronic Wound Care Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Chronic Wound Care Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Chronic Wound Care Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Chronic Wound Care Sales Breakdown by Type (2015-2027)

2 Global Chronic Wound Care Market Competition by Company

2.1 Global Top Players by Chronic Wound Care Sales (2015-2021)

2.2 Global Top Players by Chronic Wound Care Revenue (2015-2021)

2.3 Global Top Players Chronic Wound Care Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Chronic Wound Care Manufacturing Base Distribution, Sales Area, Product Type

2.5 Chronic Wound Care Market Competitive Situation and Trends

2.5.1 Chronic Wound Care Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Chronic Wound Care Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Chronic Wound Care as of 2019)

2.7 Date of Key Company Enter into Chronic Wound Care Market

2.8 Key Company Chronic Wound Care Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global Chronic Wound Care Status and Outlook by Region (2015-2027)

3.1 Global Chronic Wound Care Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global Chronic Wound Care Market Size Market Share by Region (2015-2021)

3.2.1 Global Chronic Wound Care Sales Market Share by Region (2015-2021)

3.2.2 Global Chronic Wound Care Revenue Market Share by Region (2015-2021)

3.2.3 Global Chronic Wound Care Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global Chronic Wound Care Market Size Market Share by Region (2021-2027)

3.3.1 Global Chronic Wound Care Sales Market Share by Region (2021-2027)

3.3.2 Global Chronic Wound Care Revenue Market Share by Region (2021-2027)

3.3.3 Global Chronic Wound Care Sales, Revenue, Price and Gross Margin (2021-2027)

3.4 North America Chronic Wound Care Market Size By Growth (2015-2027)

3.4.1 North America Chronic Wound Care Revenue By Growth (2015-2027)

3.4.2 North America Chronic Wound Care Sales By Growth (2015-2027)

3.5 Asia-Pacific Chronic Wound Care Market Size By Growth (2015-2027)

3.5.1 Asia-Pacific Chronic Wound Care Revenue By Growth (2015-2027)

3.5.2 Asia-Pacific Chronic Wound Care Sales By Growth (2015-2027)

3.6 Europe Chronic Wound Care Market Size By Growth (2015-2027)

3.6.1 Europe Chronic Wound Care Revenue By Growth (2015-2027)

3.6.2 Europe Chronic Wound Care Sales By Growth (2015-2027)

3.7 Latin America Chronic Wound Care Market Size By Growth (2015-2027)

3.7.1 Latin America Chronic Wound Care Revenue By Growth (2015-2027)

3.7.2 Latin America Chronic Wound Care Sales By Growth (2015-2027)

3.8 Middle East and Africa Chronic Wound Care Market Size By Growth (2015-2027)

3.8.1 Middle East and Africa Chronic Wound Care Revenue By Growth (2015-2027)

3.8.2 Middle East and Africa Chronic Wound Care Sales By Growth (2015-2027)

4 Global Chronic Wound Care by Application

4.1 Chronic Wound Care Segment by Application

4.1.1 Residential

4.1.2 Commercial

4.2 Global Chronic Wound Care Sales by Application: 2015 VS 2021 VS 2027

4.3 Global Chronic Wound Care Historic Sales by Application (2015-2021)

4.4 Global Chronic Wound Care Forecasted Sales by Application (2021-2027)

4.5 Key Regions Chronic Wound Care Market Size by Application

4.5.1 North America Chronic Wound Care by Application

4.5.2 Europe Chronic Wound Care by Application

4.5.3 Asia-Pacific Chronic Wound Care by Application

4.5.4 Latin America Chronic Wound Care by Application

4.5.5 Middle East and Africa Chronic Wound Care by Application

5 North America Chronic Wound Care Market Size by Country (2015-2027)

5.1 North America Market Size Market Share by Country (2015-2021)

5.1.1 North America Chronic Wound Care Sales Market Share by Country (2015-2021)

5.1.2 North America Chronic Wound Care Revenue Market Share by Country (2015-2021)

5.2 North America Market Size Market Share by Country (2021-2027)

5.2.1 North America Chronic Wound Care Sales Market Share by Country (2021-2027)

5.2.2 North America Chronic Wound Care Revenue Market Share by Country (2021-2027)

5.3 North America Market Size By Growth by Country

5.3.1 U.S. Chronic Wound Care Market Size By Growth (2015-2027)

5.3.2 Canada Chronic Wound Care Market Size By Growth (2015-2027)

6 Europe Chronic Wound Care Market Size by Country (2015-2027)

6.1 Europe Market Size Market Share by Country (2015-2021)

6.1.1 Europe Chronic Wound Care Sales Market Share by Country (2015-2021)

6.1.2 Europe Chronic Wound Care Revenue Market Share by Country (2015-2021)

6.2 Europe Market Size Market Share by Country (2021-2027)

6.2.1 Europe Chronic Wound Care Sales Market Share by Country (2021-2027)

6.2.2 Europe Chronic Wound Care Revenue Market Share by Country (2021-2027)

6.3 Europe Market Size By Growth by Country

6.3.1 Germany Chronic Wound Care Market Size By Growth (2015-2027)

6.3.2 France Chronic Wound Care Market Size By Growth (2015-2027)

6.3.3 U.K. Chronic Wound Care Market Size By Growth (2015-2027)

6.3.4 Italy Chronic Wound Care Market Size By Growth (2015-2027)

6.3.5 Russia Chronic Wound Care Market Size By Growth (2015-2027)

7 Asia-Pacific Chronic Wound Care Market Size by Country (2015-2027)

7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)

7.1.1 Asia-Pacific Chronic Wound Care Sales Market Share by Country (2015-2021)

7.1.2 Asia-Pacific Chronic Wound Care Revenue Market Share by Country (2015-2021)

7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)

7.2.1 Asia-Pacific Chronic Wound Care Sales Market Share by Country (2021-2027)

7.2.2 Asia-Pacific Chronic Wound Care Revenue Market Share by Country (2021-2027)

7.3 Asia-Pacific Market Size By Growth by Country

7.3.1 China Chronic Wound Care Market Size By Growth (2015-2027)

7.3.2 Japan Chronic Wound Care Market Size By Growth (2015-2027)

7.3.3 South Korea Chronic Wound Care Market Size By Growth (2015-2027)

7.3.4 India Chronic Wound Care Market Size By Growth (2015-2027)

7.3.5 Australia Chronic Wound Care Market Size By Growth (2015-2027)

7.3.6 Taiwan Chronic Wound Care Market Size By Growth (2015-2027)

7.3.7 Indonesia Chronic Wound Care Market Size By Growth (2015-2027)

7.3.8 Thailand Chronic Wound Care Market Size By Growth (2015-2027)

7.3.9 Malaysia Chronic Wound Care Market Size By Growth (2015-2027)

7.3.10 Philippines Chronic Wound Care Market Size By Growth (2015-2027)

Continue…

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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