Transparency Market Research

Global Wound Care Market Expands with Development of Innovative Healing Products

Transparency Market Research Report Added "Wound Care Market" to its database.


Albany, NY -- (SBWIRE) -- 03/22/2016 -- Transparency Market Research presents a new market study on the global wound care market for the 2014-2020 period. The report, titled "Wound Care Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast 2014 – 2020," studies the global wound care market as a whole with a focus on the China market for the same. The report covers vital market indicators such as growth drivers, growth restraints, consumer trends, product portfolio, and size projections of this market for the forecast period.

Using validated analytical tools such as Porter's five forces analysis, the report anticipates the future outlook of the global as well as China market. The bargaining power of suppliers and buyers, degree of competition in the future, threat from alternative products, and threat from new entrants are examined via the Porter's five forces model. In the company profile section of the report, insights into the leading players in the wound care market are provided with respect to pipeline products, new initiatives, financial status, breakthroughs, mergers and acquisitions, etc.

The wound care market is progressing expeditiously, says the report. This is because product manufacturers are consistently introducing innovative products for healing of injuries and to prevent infections in wounds and abrasions. These initiatives are also supported by government initiatives in the form of expert guidance for innovative products and funding of projects partially. In addition, the rising incidence of hospital-acquired infections, advances in chemical and biological sciences, and the use of innovative materials for wound care products are favoring the market's growth.

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On the contrary, the growth of this market is impeded due to certain factors. The high cost of design and manufacture of advanced wound care products and the increasing degree of competition are conspicuous impediments to this market. With the presence of new entrants in the global and China market for wound care, existing market participants need to develop cutting-edge products to survive the competition in this market.

The global wound care market is categorized on the basis of product type and geography. The product type segments of the market are basic, bioactive, therapy, advanced, and traditional. The components of the advanced wound care market are moist wound care, foam wound care, hydrogels, alginates, and hydrocolloid. Amongst all, the bioactive product segment will display the highest growth rate in the global and China market during the forecast period.

Region-wise, North America, Europe, Asia Pacific, and Rest of the World are the segments of the global wound care market. Whilst, currently, North America is the clear leader in the global wound care market, Asia Pacific will register the highest growth rate in this market in the coming years.

Top companies operating in the global wound care market mentioned in this report are Baxter International Inc., Smith & Nephew, Coloplast AS, Hollister Inc., Covidien PLC, 3M Company, Derma Sciences Inc., and others.

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