A recent report published by Infinium Global Research on bioactive wound care market provides in-depth analysis of segments and sub-segments in the global as well as regional bioactive wound care market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bioactive wound care market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global bioactive wound care market. According to the report, the global bioactive wound care market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
Bioactive wound care dressing is a sterile pad comprises of bioactive substances which control and cure acute and chronic wounds. Bioactive wound care products are derived from artificial and natural sources play an important role in the wound healing process. Bioactive wound care dressings involve different materials such as alginates, chitosan, keratin, collagen, elastin, and hydrocolloids, which actively participate in healing wounds and fighting infections. Bioactive wound dressings reduce leakage, pain, and odor resulting from wounds, apart from this it is a cost-effective method of wound care. Bioactive dressing surpasses conventional dressing procedure owing to advantages such as fast healing time, control over the infection alleviate pain and discomfort.
Growing prevalence of chronic diseases such as diabetics and cancer drives the growth of bioactive wound care market. Furthermore, rising diabetic population with associated risks of diabetic foot ulcers, pressure sores are increasing the demand of bioactive wound care products. According to the world health organization, 1.6 million deaths are directly attributed to diabetes each year. Furthermore, according to the world health organization the global cancer burden is estimated to have risen to 18.1 million new cases and 9.6 million deaths in 2018. In addition, a rise in the incidence of chronic injuries and an increased number of surgical procedures are contributing to the growth of the market. Moreover, increasing awareness towards efficient and less time-consuming healthcare treatments among the population, as well as augmented demand for the bioactive material provides beneficial opportunities for the bioactive wound care market. However high cost associated with treatment, less expenditure on research and development for the synthesis of advanced bioactive wound care product can hinder the growth of the bioactive wound care market.
Among the regions, North America dominated the bioactive wound care market with the market share of more than 40% followed by Europe. Rising awareness among the population, favorable reimbursement system and sophisticated healthcare system, rapidly aging population and presence of various leading market players are some factors contribute to the growth of bioactive wound care market in the region. Asia Pacific region is fastest growing region owing to the highest number of a diabetic patient with diabetic foot ulcers, pressure sores infections, and other chronic diseases, as well as rising demand for bioactive wound care products in the region, provides beneficial opportunities for the bioactive wound care market. According to NCBI, two-thirds of the world's population lives in the Asia Pacific region where the prevalence of diabetes has reached epidemic proportion. With China and India being the most populous nations on the globe, it is believed that over 150 million diabetes resides in the region with more than 95% being of type 2 diabetes mellitus.
The report on global bioactive wound care market covers segments such as product type, and end users. On the basis of product type, the sub-markets include moist wound care, antimicrobial wound care, and active wound care. On the basis of end users, the sub-markets include ambulatory surgical centers, hospitals & clinics, and other end users.
The report provides profiles of the companies in the market such as BSN Medical, Systagenix Wound Management Ltd., Mölnlycke Health Care, ConvaTec Inc., Paul Hartmann AG, Smith & Nephew, Covalon Technologies Inc, Organogenesis Inc, 3M Health Care, Medtronic plc, 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 bioactive wound care 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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