Vancouver, BC -- (SBWire) -- 12/22/2020 --A rapid surge in chronic illnesses due to the escalatingincidences of unhealthy lifestyle habits is increasing the requirement for advanced wound care globally. Many wound care specialists across the globe are incorporating several advanced techniques to cater to the injuries of their patients right off. Advanced wound care techniques have also altered the dynamics of veterinary wound care. The global Wound Care Market is expected to attain a market valuation of USD 28.15 Billion by 2027, progressing at a CAGR of 4.5%, as per the latest analysis by Emergen Research.
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Key participants include: Smith & Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group, Coloplast, Integra LifeSciences, 3M, Cardinal Health, and Lohmann & Rauscher, among others.
Market Drivers
Increasing demand for wound care and healing in diabetic patients is expected to be the primary factor propelling the growth of the industry during the projected timeframe. Advancement in technology and the rising need for antimicrobial wound dressing, pressure ulcer, tissue care, and severe injury healing are anticipated to further drive the demand for wound care on a global scale. Moreover, the rising investment for research and development and the advent of effective healing products is further anticipated to fuel the growth of the industry.
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Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Moist Wound Dressings
- Foam
- Hydrocolloid
- Film
- Alginate
- Hydrogel
- Collagen
- Wound Therapy Devices
- Pressure Relief Devices
- Negative Pressure Wound Therapy Systems
- Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Other Wound Therapy Devices
- Active Wound Care
- Artificial Skin and Substitutes
- Autografts
Wound Type Outlook (Revenue, USD Billion; 2017-2027)
- Surgical Wounds
- Ulcers
- Burns
- Traumatic Wounds
- Others
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Home Care Settings
- Hospitals and Clinics
- Others
Regional Analysis
North America is anticipated to command the market demand over the projected timeline owing to the rising number of road accidents. The Asia Pacific is forecasted to be the fastest-growing market attributable to the increasing population, increase in healthcare expenditure, and the advancement in healthcare infrastructure. Europe is anticipated to follow closely owing to the presence of significant players in the industry.
To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/advanced-wound-care-market
The research provides answers to the following key questions:
- What is the expected market size of the Wound Care market for the forecast period 2020 - 2027? What will be the growth rate of the industry during the estimated period?
- What are the major driving forces shaping the future of the Wound Care industry worldwide?
- Who are the major vendors in the industry and what are their strategies to reap more profits and reduce costs?
- What are the trends from the past and future that are likely to favor the progress of the Wound Care industry worldwide?
- What are the major threats and challenges that hinder the development of the industry?
- What are the opportunities in store for the business owners operating in the market?
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About Emergen Research
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Wound Care Market Forecasts Report (2020 – 2027) by Top Market Participants Smith & Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group, Coloplast
The Global Wound Care Market size was valued at USD 19.72 Billion in 2019 and is anticipated to reach USD 28.15 Billion by 2027 at a CAGR of 4.5%.