Bioactive Wound Care Market To Reach USD 13.50 Billion By 2026 | CAGR of 6.1% | Smith & Nephew PLC, Molnlycke Healthcare AB, Coloplast A/S, etc
: New York, United States, 05-August-2020, (Via WiredRelease), (Reports and Data) – The global bioactive wound care market is expected to reach USD 13.50 Billion by 2026, according to a new report by Reports and Data. Bioactive wound care comprises wound dressings that have biodegradable properties and are capable of combating microbial infections. These kind of dressings aid in faster healing of the wounds along with infection control.
Increasing incidences of chronic injuries, which would require enhanced wound care, coupled with an increase in awareness among people for healthy wellbeing is anticipated to drive the market growth in the future. Of late, an increase in the number of surgical procedures is expected to play a significant role in fueling the market demand. Further, an increase in the number of elderly people who are more prone to injuries would have a positive impact on the growth of the market in the forecast period 2019-2026. With an increase in the level of disposable income, there is a growing demand for advanced wound care as improper wound management may have a severe negative impact on patients’ health and in some cases may even lead to death. As a result, this factor is likely to boost the market demand in the forecast period.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
3M Healthcare Ltd., Smith & Nephew PLC, Molnlycke Healthcare AB, Coloplast A/S, ConvaTec Inc., Paul Hartmann AG, Organogenesis Inc., Medtronic PLC, BSN Medical Inc., and Covalon Technologies Ltd. among others.
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For the purpose of this report, Reports and Data have segmented into the global Bioactive Wound Care market on the basis of type, propellants, application, and region:
Product Type Outlook (Revenue, USD Million; 2016-2026)
Moist Wound Care
Active Wound Care
Antimicrobial Wound Care
Wound Type Outlook (Revenue, USD Million; 2016-2026)
End-user Outlook (Revenue, USD Million; 2016-2026)
Ambulatory Care Services
Hospitals and Clinics
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/bioactive-wound-care-market
Key insights of the report:
The report delivers key statistics on the current market status of the Bioactive Wound Care manufacturers and is a reliable source of guidance and direction for the companies and individuals interested in the industry.
The report delivers an overview of the industry, including the basic definition, applications, the latest manufacturing technology, and others.
The report comprises of the company profile, product specifications, production capacity, production value, and market shares for the key competitors.
The market is further divided by company, by country, and by application/type for the competitive landscape analysis..
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