A recent report published by Infinium Global Research on advanced wound care products market provides in-depth analysis of segments and sub-segments in the global as well as regional advanced wound care products market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional advanced wound care products market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global advanced wound care products market. According to the report, the global advanced wound care products market is projected to grow at a CAGR of 8.3% over the forecast period of 2019-2025.
Advanced wound care products are used to cure more complex wounds, that includes hydrogels, hydrocolloids, alginates, and film and foam dressings. Appropriate treatments of an advanced wound contribute to the body’s natural healing processes. These treatments are basically worked on moisture therapy, moisture around wound encourages natural cell repair and also allows air passage at the wound site. Advanced wound care products are resistant to environmental inhibitors and foreign particles. Advanced wound care products used in moist wound care has the ability to fit better around different wound shapes. Advanced wound care products have a large advantage in healthcare services.
Advanced wound care products market is driven by factors such as the rising prevalence of acute and chronic wounds, increasing patient awareness and health care expenditure, and increasing demand for treatment of complex wounds. Several benefits offered by advanced dressing over traditional dressing such as faster healing, fewer issues concerning drainage fuels the growth of advanced wound care products market. Furthermore, increasing aging population, as well as increased diabetic population and changes in reimbursement policy, boost the growth of advanced wound care products market. The growing use of advanced wound care products by specialist professionals to provide a therapeutic effect that helps in wound healing propels the growth of advanced wound care products market. On the other hand, less awareness in developing counties and high cost associated with advanced wound care products can hamper the growth of the advanced wound care products market.
North America dominated the advanced wound care products market followed by Europe. Increased diabetic population, presence of advanced healthcare infrastructure fuels the growth of advanced wound care products market in the North America region. Asia-Pacific the region is expected to be the fastest growing regions, owing to adequate growth opportunities in terms of unmet medical needs for the treatment of wounds as well as increasing awareness in patients and increase in disposable income. According to NCBI, The Asia-Pacific region is at the forefront of the current epidemic of diabetes. There are currently more than 30 million people with diabetes in the Western Pacific region alone.
The report on global advanced wound care products market covers segments such as dressing type, wound therapy devices, and end users. On the basis of dressing type, the sub-markets include hydrocolloid dressing, foam dressing, alginate dressing, and hydrogel dressing. On the basis of wound therapy devices, the sub-markets include negative pressure wound therapy systems, pressure relief devices, electrostimulation devices, oxygen and hyperbaric oxygen equipment, and other wound therapy devices. On the basis of end users, the sub-markets include hospitals & clinics, homecare, and ambulatory surgical centers (ASCs).
The report provides profiles of the companies in the market such as Smith & Nephew, ConvaTec Inc, 3M Health Care, Coloplast Corp., Medtronic plc, Paul Hartmann AG, B. Braun Melsungen AG, Acelity L.P. Inc. (Kinetic Concepts Inc.), Medline Industries, Inc., Mölnlycke Health Care AB, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of advanced wound care products market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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