Hyderabad, India -- (SBWIRE) -- 02/20/2018 -- The report on " Wound Care Management Devices Market By Product (Advanced Wound Management Products, Surgical Wound Care And Traditional/Basic Wound Care), By Type Of Wound (Acute Wounds, Surgical & Traumatic Wounds, Chronic Wounds, And Burns), By End Users (Hospitals, Clinics And Home Care Settings), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2022)", is published by Market Data Forecast. )". The Global Wound Care Management Devices Market was priced USD 18.684 billion in 2017 and calculable to be growing at a CAGR of 3.8%, to achieve USD 22.54 billion by 2022, within the mentioned forecast period. The prominent factors attributing the market growth are increasing geriatric population across the globe and growing chronic wounds and ulcers among individuals. In order to prevent injuries and wounds, government take initiative steps are fuelling the market growth. However, risks associated with inappropriate dressing, lack of consciousness concerning reimbursement policies across the globe are hindering the growth of the market.

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Advanced Wound Management Products segment accounted for the largest share of the market in 2017
The fragmentation of Wound Care Management Devices Market is done on the basis of wound, product and end-users. Under the categorization by wound, the market is divided into acute wounds, burns, surgical wounds, chronic wounds, traumatic wounds. On the idea of end-users, the wound care market is bifurcated into clinics and home care settings, and hospitals.

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On the root of products, the Global Wound Care Management Devices Market is analyzed as Surgical Wound Care products, Traditional Wound Care products, and Advanced Wound Management Products. In this segment, the Advanced Wound care sub segment is again aggregated into Therapy devices, Active wound care, and advanced wound dressings. The active wound care sub segment of Advanced Wound care segment is further analyzed into artificial substitutes, skin substitutes, and topical agents. In Advanced wound care segment, the advanced wound dressings is aggregated into collagen dressings, hydrogel dressings, hydrocolloid dressings, alginate dressings, and foam dressings. The Therapy devices from Advanced Wound care segment of Wound Care Management Devices is split into oxygen, hyperbaric oxygen devices, pressure relief devices; negative pressure wound therapy, electrical stimulation devices.

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North America dominated the market in 2017
By geography, the Global Wound Care Management Devices Market is studied under Europe, and Asia-Pacific and the Middle-East and Africa regions, North America. North America is the biggest market in terms of market share across the world in 2017, followed by the Asia Pacific. However, the Asia Pacific is predicted to grow at a fast CAGR within the forecast period and estimating to maintain in upcoming years.

The prominent firms dominating the Global Wound Care Management Devices Market are Mölnlycke Health Care (Sweden), Smith & Nephew (U.K.), Hollister Inc. (U.S.), Coloplast A/S (Denmark.), Covidien PLC (Ireland), Baxter International Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), Ethicon Inc. (U.S.), 3M Company (U.S.), and Derma Sciences Inc. (U.S.).

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