Wound Care Devices Market to exhibit growth at a CAGR of 5.1%, owing to the innovation in new therapies says Fortune Business Insights in a published report titled “Wound Care Devices Market Size, Share and Global Trend By Product Type (Negative Pressure Wound Therapy (NPWT), Hyperbaric Oxygen Therapy (HBOT), Extracorporeal Shock Wave Therapy (ESWT)), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds), End Users (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025”.
As per the report wound care device Industry is projected to reach a value of US$ 2,949.2 Mn from US$ 1,994.8 Mn during the forecast period.
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“Some of the Main Key Players Covered in the Report”
- Smith & Nephew
- KCI Licensing, Inc.
- Talley Group Ltd
- Cardinal Health
- ConvaTec, Inc.
- DeRoyal Industries, Inc.
- Devon Medical Products
- BSN medical
- Medela AG
“AI Technology In Smartphones To Diagnose Wounds”
Artificial intelligence is playing a major role in wound care devices, assisting medical practitioners to treat wounds efficiently. New technology in smartphones is leading to a greater future for the market. For instance, Kronikare an AI-driven company introduced a system for assessment and management of chronic wounds, which runs on smartphones using thermal imaging and machine learning.
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The process includes Patients creating a five-second video of the wound, which is then analyzed by the app in 30 seconds. The new automation is predicted to fuel demand in patients, wound care nurses and others thereby acting as a driver for wound care device market.
- Negative Pressure Wound Therapy (NPWT)
- Hyperbaric Oxygen Therapy (HBOT)
- Extracorporeal Shock Wave Therapy (ESWT)
- Diabetic Foot Ulcers
- Pressure Ulcers
- Surgical Wounds
By End User
- Home Care Settings
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
“Cost Reduction in Wound Care Management with the Use Of Portable Wound Care Devices”
Increasing acceptance of negative pressure wound therapy by patients along with the innovation of new therapies including extracorporeal shock wave therapy for wound care is driving the wound care devices market. propitious aspects of wound care devices in exudate management such as lower cost of wound management compared to the conventional method, quick healing, and relief from the wound are some of the factors projected to fuel demand for the new wound care devices.
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Key players in the market are creating new means for portable wound care devices potentially with an aim to reduce the inclusive cost of wound care management. In addition, the rising focus of market players to launch innovative devices, along with numerous financial opportunities which include rental schemes for wound care devices, is expected to increase demand and boost the market of wound care devices during the forecast period.
“Some major points from Table of Content”
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Prevalence of key Indications, 2017 (Key Countries)
4.2. Economic cost Burden, Chronic wounds (Key Countries)
4.3. Reimbursement Scenario, Key Countries
4.4. Pricing Analysis, Key Players, 2017
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