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Advanced Wound Care Market to Reach $13.94 Bn, Globally, by 2026 at 6.5% CAGR: Allied Market Research

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Allied Market Research

09 Dec, 2019, 12:31 GMT

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Increase in geriatric population, rise in incidences of diabetes, obesity and chronic conditions, and technological advancements to deal with complex wounds drive the growth of the global advanced wound care market

PORTLAND, Oregon, Dec. 9, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Advanced Wound Care Market by Product (Infection Management, Exudate Management, Active Wound Care, and Therapy Devices), Application (Chronic Wounds and Acute Wounds), and End User (Hospitals and Community Health Service Centers): Global Opportunity Analysis and Industry Forecast, 2019–2026." As per the report, the global advanced wound care industry was estimated at $8.45 billion in 2018 and is expected to reach $13.94 billion by 2026, growing at a CAGR of 6.5% from 2019 to 2026.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/903 

Drivers, restraints, and opportunities-

Surge in geriatric population, increase in incidences of diabetes, obesity and chronic conditions, and high-end technological advancements to deal with complex wounds fuel the growth of the global advanced wound care market. On the other hand, high cost of advanced wound care products impedes the growth to some extent. Nevertheless, untapped opportunities in developing economies is expected to create a number of opportunities for the key players in the industry.

The therapy devices segment to maintain its leadership status till 2026-

Based on product, the therapy devices segment accounted for more than one-third of the global advanced wound care market share in 2018, and is expected to rule the roost throughout the forecast period. Availability of innovative portfolio for wound care devices, rise in government spending, surge in awareness toward healthcare, and technological advancements are the major factors fueling the growth of the segment. At the same time, the active wound care segment would grow at the fastest CAGR of 17.4% during the study period. Increase in number of plastic surgeries, surge in demand for innovative & advanced wound care products, and rise in incidence of burns & trauma injuries across the globe have boosted the growth of the segment.

The chronic wounds segment to remain lucrative during the estimated period-

Based on application, the chronic wounds segment contributed to more than two-thirds of the global advanced wound care market in 2018, and is anticipated to dominate during 2019–2026. The same segment is also projected to register the fastest CAGR of 6.7% by 2026. Various methods are now available to treat chronic wounds, including, debridement, moist wound healing, vacuum-assisted closure, oxygenation, warming etc., which has driven the growth of the segment.

North America to maintain its dominance throughout the forecast period-

Based on geography, North America held the major share in 2018, generating nearly two-fifths of the global advanced wound care market. Development of advanced systems, upsurge in adoption of wound care products for the treatment of chronic & acute wounds, increase in incidence of chronic diseases, and surge in geriatric population have boosted the market in the province. The region across Asia-Pacific, on the other hand, would cite the fastest CAGR of 8.4% throughout the estimated period. Development in healthcare infrastructure, rise in number of laboratories with advanced medical facilities, and increase in number of target population in emerging economies have propelled the growth.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/903 

Key market players-

  • Adynxx, Inc.
  • 3M (Acelity Inc.)
  • Smith & Nephew Plc.
  • Coloplast A/S
  • ConvaTec Group Plc.
  • AB (Mölnlycke Health Care AB)
  • Essity AB (BSN Medical GmbH)
  • Medtronic Plc.
  • Integra Lifesciences (Derma sciences)
  • Investor Johnson & Johnson
  • Medline Industries, Inc.
  • B Braun Melsungen AG
  • Organogenesis Holdings Inc.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.


Similar Reports:

Asia-Pacific Advanced Wound Care Market - Opportunity Analysis and Industry Forecast, 2018-2025

Acute Wound Care Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Biotechnology Media, Sera and Reagents Market - Global Opportunity Analysis and Industry Forecast, 2018-2025

Metagenomics Market - Global Opportunity Analysis and Industry Forecast, 2018-2025

Wound Debridement Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com   

Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com/
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

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