Pune, India -- (SBWire) -- 09/04/2018 --Market Definition: Global Advanced Wound Care Market
Global Advanced Wound Care Market products provide a much-needed relief to the people who are suffering from deep-rooted wounds, which are expensive to treat and take significant amount of time to heal. The technology in the Global Advanced Wound Care Market has grown significantly and is still growing. Traditional wound care products are gradually being replaced by advanced wound care products due to their effectiveness and usefulness in managing wounds by enabling faster healing.
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Market Analysis: Global Advanced Wound Care Market
The Global Advanced Wound Care Market is expected to reach USD 24,054.5 billion by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025.
In 2017, dressing segment dominated the global advanced wound care market with 56.4% market share.
Biologics segment is expected to grow at the highest CAGR of 10.8% in the forecast period 2018 to 2025.
In 2018, direct tenders segment is expected to dominate the Global advanced wound care market with highest market share growing at the highest CAGR in the forecast period 2018 to 2025.
Major competitors/ Company Profiles
- Smith & Nephew
- Mölnlycke Health Care
- B. Braun
- ConvaTec Group
- Coloplast
- Integra LifeSciences
- 3M Company
- Cardinal Health
- Acelity L.P.
- Medtronic
- MPM Medical
- PAUL HARTMANN
- Medline Industries
- Lohmann & Rauscher
- Advanced Medical Solutions Group
- BSN medical GmbH
- Wound Care Technologies
- Vivostat A/S
- Organogenesis
- Hematris Wound Care
- Alliqua BioMedical
- MiMedX Group
- Triage Meditech
- DeRoyal Industries
- Laboratoires URGO
- Among the others
Acelity L.P. Inc., dominated the global advanced wound care market, followed by Smith and Nephew and Molyncke Healthcare respectively, in 2017.
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Key Drivers: Global Advanced Wound Care Market
- Rising Aging Population
- Growing Incidences Of Diabetes
- Technological Advancement
Rising Awareness Regarding New Technology, Government Support In The Terms Of Funding, Reduced The Duration Of Hospital Stays, Rising Incidence Of Chronic Wounds, Problem Associated With Ineffective Traditional Wound Healing Method, Increase Funding In Wound Care And Development, Increasing Volume Of Surgeries Across The Globe, Faster Recovery And Healing Time, Range Of Wound Indications At Relatively Lower Prices, Innovative Products And Rising Demand In Emerging Healthcare market are some of the drivers contributing to the growth of the advanced wound care market.
Market Segmentation:
The Global Advanced Wound Care Market is segmented by-
- By Type
? Dressing, Biologics
? Therapy Devices
- By Wound Type
? Surgical Wound
? Diabetic Ulcers
? Pressure Ulcers
? Venous Ulcers
? Burns
? Others
- By End-User
? Hospitals
? Wound Care Centers
? Ambulatory Centers
? Home Healthcare
? Clinics
? Community Healthcare
- By Distribution Channel
? Direct Tenders
? Retail
- By Geography
? North America
? Europe
? Asia Pacific
? South America
? Middle East and Africa
Target Audience for this Report:
- Distributors of wound research products.
- Contract manufacturers of wound care products, devices, equipment, and consumables.
- Wound care associations.
- Research & consulting firms.
- Government associations.
- Doctors, nurses, and wound care specialists.
- Research institutes and clinical research organizations (CROs).
- Venture capitalists.
Report Coverage: Global Advanced Wound Care Market
- Provides profiles of major competitors of the market.
- Details of their operations, product and services.
- Recent developments and key financial metrics.
Customization Options
- All segmentation provided above in this report is represented at country level and can be customized according to needs.
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
Research Methodology
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
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Advanced Wound Care Market Projected to Touch USD 24,054.5 Billion by 2025: Industry Crucial Players: Mölnlycke Health Care, Smith & Nephew, Acelity