Global advanced wound care market is expected to reach USD 15.57 billion by 2026, at a CAGR of 5.38% from 2019 to 2026. Growing incidence of chronic diseases, such as diabetes, due to a change in lifestyle factors and the attempts to reduce the duration of hospital stays as to reduce the surgical costs are driving the global advanced wound care market.
Advanced wound care products are largely focused on keeping the wound hydrated to encourage healing, following the concept that a moist microenvironment promotes the natural healing process without occluding the wound. These products generally consist of film and foam dressings, hydrogels, alginates, and hydrocolloids. Alongside keeping up a hydrated environment, the advanced wound care products additionally keep temperature reliable, permit the stream of oxygen, shield the site from exogenous disease, evacuate dead tissue as well as ease the pain associated with dressing changes. As a result, the superior healing properties of advanced wound care products along with the global increase in the geriatric population are anticipated to propel the growth of the global advanced wound care market.
Global Advanced Wound Care Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
The global advanced wound care market has been segmented on the basis of product, application, and end user.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The North America region emerged as the largest market for advanced wound care with a 39.82% share of market revenue in 2018.
Global Advanced Wound Care Market Competitive Analysis:
Key players in the global advanced wound care market are Smith & Nephew plc., Acelity L.P. Inc., ConvaTec Group Plc., 3M Company, Ethicon, Mölnlycke Health Care AB, Covidien plc, Coloplast A/S, Baxter International Inc., Derma Sciences, Inc., Hollister Incorporated, B. Braun, Integra Lifesciences, Cardinal Health, Medtronic, Mimedx Group, Axio Biosolutions , Paul Hartmann and Key Innovators among others. In order to stay ahead of the competition, major players are focusing on launching new products. For instance, in 2019, Axio Biosolutions announced the launch of MaxioCel. It is a next-generation Chitosan-based wound dressing that has shown pain management and scar improvement properties.
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This study forecasts revenue growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global advanced wound care market on the basis of below-mentioned segments:
Global Advanced Wound Care Market by Product:
Global Advanced Wound Care Market by Application:
Global Advanced Wound Care Market by End User:
Global Advanced Wound Care Market by Region:
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