Advanced Wound Care Market to Reach USD 15.30 Bn, by 2027, at 11.6% CAGR: AMR

News provided by

10 Sep, 2020, 13:00 GMT

- Growth in geriatric population, rise in number of incidences regarding obesity, diabetes, and chronic conditions, and technological advancements to deal with complex wounds propel the growth of the advanced wound care market

PORTLAND, Ore., Sept. 10, 2020 /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, 2020–2027." According to the report published by Allied Market Research, the advanced wound care market size was valued at $9.25 billion in 2019, and is estimated to reach at $15.30 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027.

Download Sample Report with Detailed COVID-19 Impact Analysis at: https://www.alliedmarketresearch.com/request-for-customization/903?reqfor=covid

Drivers, restrains, and opportunities-

Growth in geriatric population, rise in number of incidences regarding obesity, diabetes, and chronic conditions, and technological advancements to deal with complex wounds propel the growth of the advanced wound care market. Nevertheless, high cost of advanced wound care products restrains the market growth. Furthermore, untapped prospects in developing regions are expected to provide new growth opportunities for the market players in the near future.

COVID-19 scenario:

The spread of COVID-19 have caused a major disruption in health care services. As a result, the treatment processes has been interfered due to the redeployment of the doctors for treating Covid-19 patients.
The demand for advanced wound care, on the other hand, is anticipated to increase during the pandemic as patients with multiple comorbidities may have an increased risk of getting infected from the corona virus.

The therapy devices segment to dominate the market-

Based on product, the therapy devices segment contributed to the largest share in 2019, accounting for more than one-third of the advanced wound care market, owing to the factors including the availability of innovative portfolio for wound care devices, rise in government spending for advanced wound care devices, surge in awareness toward healthcare, and technological advancements in wound care devices. However, the active wound care segment is estimated to portray the highest CAGR of 16.6% during the forecast period. This is attributed to surge in demand for innovative & advanced wound care products and rise in incidence of burns & trauma injuries across the globe.

The chronic wounds segment to lead the trail through 2027-

Based on application, the chronic wounds segment accounted for the largest share in 2019, holding more than two-thirds of the advanced wound care market, and is expected to maintain the largest share throughout the forecast period. In addition, the segment is expected to register the highest CAGR of 12.1% from 2020 to 2027. This is attributed to surge in demand for advanced wound care products and rise in incidence of as pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers across the globe.

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

North America to lead the trail-

Based on region, North America contributed to the highest market share in 2019, accounting for more than one-fourth of the global advanced wound care market. This is attributed to the factors such as 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. On the other hand, the region across Asia-Pacific is anticipated to manifest the fastest CAGR of 14.0%, owing to presence of large untapped opportunities including expanding healthcare budgets and increase in disposable income. At the same time, rise in demand for advanced wound care products, owing to growth in number of geriatric population fuels the growth yet more.

Leading market players-

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

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Diabetic Nephropathic Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Digital Radiography Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Drug Discovery Services Market - Global Opportunity Analysis and Industry Forecast, 2019–2026

Neuropathic Pain Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Artificial Intelligence in Drug Screening 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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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