According to a new report published by Reports Monitor titled, “Wound Care Management Market” the global wound care management market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
The wound care management market is emerging globally. Many patients acquire hard-to-heal wounds due to stomach ulcers, diabetes, obesity, cardiovascular disease etc. Millions of people every day suffer from wounds as an effect of accidents, burns, natural disasters. Therefore, need for wound care management is inevitable. Advanced products such as tissue engineered skin substitutes, bio surgery products, robotic devices for wound closure and state-of-the-art wound measurement devices are playing an important role in healing the wound.
The market for Hydrocolloid and Alginate Dressings, Foam Dressings, Hydrogel, Film Dressings is emerging in the global wound care market at a considerable rate. These five products have major influence on the global wound care management market. Bio-engineered Skin & Skin Substitutes, Pressure Relief, Moist Dressings and NPWT (Negative Pressure Wound Therapy) are other wound care management application categories in the market.
The growth of the market is enhanced by the increasing dominance of chronic and acute wounds, rising R&D activities, increasing aged population, elevation in the field of wound care research, growing number of road accidents globally and the rising awareness about the wound care treatment and management through various awareness programs. While, the high-end surgical tools are hampering the market growth. The government initiatives and policies to upgrade and support health infrastructure in emerging countries could help the market to flourish.
The global wound care management market is bifurcated on the basis of product type such as surgical wound care products, traditional wound care products and advanced wound management products
Furthermore, it is classified on the basis of type of wound such as acute wound or chronic wound.
Global wound care management market is also segmented on the basis on end-user which are hospitals and specialty wound care clinics, long-term care facilities and home healthcare.
The global wound care management market is divided on regional basis into North America, Europe, Asia-Pacific (APAC). North America commands the dominant share in market in USA followed by Canada and Mexico. Europe shares the same potential, including countries like Germany, France, and U.K.
APAC held the least market share in the global market due to low product penetration. However, the market is expected to emerge as the fastest growing market due to the increasing need for the well-equipped medical and surgical tools.
The major leading vendors from America in the wound care market include Acelity L.P. Inc., Organogenesis Inc., Hill-Rom Holdings Inc., Fidia Pharma USA Inc., LayerBio Inc., NovaBay Pharmaceuticals Inc., Baxter International Inc.
Leaders from Europe are Paul Hartmann AG, Hematris Wound Care, GmbH, ConvaTec Group Plc, BSN medical GmbH, Vivostat A/S, Smith & Nephew
Market leaders from rest of the world are Mölnlycke Health Care AB, Coloplast A/S, IonMed, Triage Meditech Pvt. Ltd.
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