Advanced Wound Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” The global Advanced Wound Care market was valued at over US$ 7 Bn. in 2017 and is expected to grow at a double digit CAGR during the forecasted period. The growth of this market can be attributed to the factors such as, the reducing prices of DNA sequencing, technological advancements, growing awareness on customized medicine, and rising importance of the method in drug development.
New York, NY -- (SBWIRE) -- 02/12/2019 -- The Top key vendors in Advanced Wound Care Market include are Smith & Nephew, B. Braun, ConvaTec Group, Integra LifeSciences, 3M, Cardinal Health, Medtronic, MPM Medical, Paul HARTMANN, and MiMedx Group, among others.
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Increasing number of genetic disorders to propel the market growth
The global Advanced Wound Care market is propelled by a number of factors. One among them is the increase in the number of genetic diseases all around the world. Following that is the general awareness regarding personalized medicine all around the world especially in the developed regions of the world. According to the Parkinson's Foundation, more than 60 thousand people are diagnosed with the major genetic disorder, Parkinson's disease in the U.S. every year. Moreover, the number is expected to reach 1 million by 2020.
Apart from this, the valuable document weighs upon the performance of the industry on the basis of a product service, end-use, geography and end customer.
Increasing Prevalence of Diabetes
Diabetes is one of the most prominent, prevalent and menacing chronic diseases, which is known to affect millions of individuals worldwide. According to the report Global Burden of Disease (GBD), published in 2015, the prevalence of diabetes witnessed a substantial increment of 30.6% between 2005 and 2015. The prospect of wound care and treatment is extremely vital among population suffering from chronic disorders, namely diabetes and several others. Since, failure to treat the same, may lead to fatal outcomes. Therefore, the continual rise in prevalence of diabetes is expected to present an attractive growth prospect for the advanced wound care market in the times to come.
Increasing Geriatric Population
The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050.
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High Costs of Advanced Wound Care Products to Restrain the Market
High costs associated with advanced wound care products are one of the major factors affecting the growth of the advanced wound care market. Availability of affordable and cheaper versions of wound care products and high surgical costs associated with advanced wound care products is anticipated to be one of the major hindrances in the growth of the global advanced wound care market.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing geriatric population, continuously growing economy, increasing burden of chronic diseases and increasing awareness regarding latest healthcare technology is anticipated to present a lucrative growth scenario for the advanced wound care market in this region. Furthermore, improving healthcare facilities, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
11 COMPANY PROFILES
(Business Overview, Products/Services Offered, Financial Performance, R&D Intensity,Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
11.1 Smith & Nephew
11.3 ConvaTec Group
11.4 Integra Lifesciences
11.6 Cardinal Heatch
11.8 MPM Medical
11.9 Paul Hartmann
11.10 MiMedx Group
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Advanced Wound Care Market by Product & Services (Reagents & Kits, Instruments, Services) Technique (PCR, Sequencing, Electrophoresis), End Users (Diagnostic & Research laboratories, Pharmaceutical & Bio Technique Companies) and Region - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/1/advanced-wound-care-market
This Advanced Wound Care market report holds answers to some important questions like:
- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2030? What will be the share and the growth rate of the Advanced Wound Care market during the forecast period?
- What are the future prospects for the Advanced Wound Care industry in the coming years?
- Which trends are likely to contribute to the development rate of the industry during the forecast period, 2019 to 2030?
- What are the future prospects of the Advanced Wound Care industry for the forecast period, 2019 to 2030?
- Which countries are expected to grow at the fastest rate?
- Which factors have attributed to an increased sale worldwide?
- What is the present status of competitive development?
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