Impact of Covid19 on Advanced Wound Care Market, Future Growth 2020-2026 | Market to Reach USD 14.89 Billion with CAGR 4.5%
: New York, United States, 15-July-2020, (Via WiredRelease), (Reports and Data) – The Advanced Wound Care Market is forecasted to grow from USD 10.34 Billion in 2018 to USD 14.89 Billion by 2026, at a CAGR of 4.5% during the forecast period. The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management.
Rising geriatric population base at high risk of chronic wounds will support the demand for advanced wound care products. The rising pool of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide.
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It is predicted that the existing and rising cost burden of these chronic wounds will drive investment in advance wound care technology that will have a significant positive impact on the growth of industry. However, prohibitive costs of advance wound care products, which often undermine affordability of treatment, will in the foreseeable future hinder industry growth. The growth of the market is driven by the increasing incidences of diabetes and its prevalence, increasing geriatric population and increasing wound ulcer prevalence.
Key participants include
Smith & Nephew (UK), Mölnlycke Health Care (Sweden), B. Braun (Germany), ConvaTec Group (UK), Coloplast (Denmark), Integra LifeSciences (US), 3M (US), Cardinal Health (US), Acelity L.P. (US), Medtronic (Ireland), Paul HARTMANN (Germany), Medline Industries (US), Advanced Medical Solutions Group (UK), BSN medical GmbH (Germany), MiMedx Group, Inc. (UK) and others.
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For the purpose of this report, Reports and Data have segmented into the global Advanced Wound Care market on the basis of type, propellants, application, and region:
Product Type (Revenue, USD Million; 2016-2026)
Moist Wound Dressings Foam Hydrocolloid Film Alginate Hydrogel Collagen Wound Therapy Devices Pressure Relief Devices Negative Pressure Wound Therapy Systems Hyperbaric Oxygen Equipment Electrical Stimulation Devices Other Wound Therapy Devices Active Wound Care Artificial Skin and Substitutes Autografts Allografts & Xenografts Other Substitutes Topical Agents
Wound Type (Revenue, USD Million; 2016-2026)
Surgical Wounds Ulcers Pressure Ulcers Diabetic Foot Ulcers Venous Ulcers Burns Traumatic Wounds Other Wounds
End User (Revenue, USD Million; 2016-2026)
Hospitals and Clinics Home Care Settings Other End Users
Regional Outlook (Revenue, USD Million; 2017-2027)
North America S Europe K France Asia Pacific China India Japan MEA Latin America Brazil
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Key Question the Report Will Answers
At what rate will the Advanced Wound Care Market grow? What will be the value of the market in 2027? What are the key technologies driving Advanced Wound Care? What would be the impact of Advanced Wound Careacross different regions? What are the strategies adopted by players to enter the APAC region? What is the key application of Advanced Wound Carein the transportation sectors? What are future growth strategies in the market?
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