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 6.1% over the forecast period of 2017-2023.
The bioactive wound dressing is an advanced method of healing wound and is made of biomaterial, due to which it is known as a bioactive wound dressing. Bioactive wound care products derived from artificial and natural sources and play a critical role in the wound healing process, by controlling infection and fastening the 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.
Figure 1: Global Bioactive Wound Care Market by Value 2015-2023
The bioactive wound care market is majorly driven by growth in the geriatric population that experiences an increased number of wound diseases. Moreover, rising demand for tissue replacement therapy, increasing health awareness among the population and augmented demand for the bioactive material are likely to accelerate the growth of this market over the forecast period. However, high cost associated with advanced technologies and availability of substitute for bioactive wound care products considered as restraining factors in bioactive wound care market. Growing major chronic diseases such as peripheral vascular diseases, cardiovascular diseases, diabetes, and other debilitating diseases lead to the adoption of advanced wound care product. This, in turn, is likely to present the new opportunities for the leading market players to develop new wound care products over the forecast period.
The report on global bioactive wound care market covers product segment. On the basis of product, the global bioactive wound care market is categorized into moist wound care, antimicrobial wound care, and active care wound care.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2015-2023.
Figure 2: Global Bioactive Wound Care Market by Region, CAGR % 2017-2023
North America is the largest bioactive wound care market globally, with the market share of more than 40%. Rapidly aging population and presence of various market leaders are considered to be the key factors driving the dominance of North America in the global wound care market. Moreover, the rise in a number of chronic wound cases and increasing awareness among patient accelerate the growth of bioactive wound care market in this region. Furthermore, Asia Pacific region is anticipated to experience fastest CAGR over the forecast period and likely to provide an opportunity for market growth owing to the rapidly changing infrastructure and availability of advanced wound care products.
The report provides profiles of the companies in the global bioactive wound care 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 Ltd., Medtronic, and Medline Industries, Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global bioactive wound care market. Moreover, 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 2017-2023. We also have highlighted future trends in the bioactive wound care market that will impact 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. This report will help manufacturers, suppliers, and distributors of the bioactive wound care market to understand the present and future trends in this market and formulate their strategies accordingly.
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