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Market Research Report
Advanced Wound Care Market Size By Product, By Application, By End Use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026 |
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| Published by | Global Market Insights Inc. | Product code | 977426 | ||||
| Published | Content info | 258 Pages Delivery time: 2-3 business days |
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| Advanced Wound Care Market Size By Product, By Application, By End Use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026 | ||
| Published: December 17, 2020 | Content info: 258 Pages |
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Title:
Advanced Wound Care Market Size By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices, {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen and Hyperbaric Oxygen Equipment}), By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By End Use (Hospitals, Homecare Settings), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026.
The advanced wound care market is likely to gain substantial momentum over the coming years owing to the advancing development of the healthcare infrastructure and treatment facilities available in hospitals, benefits offered by wound therapy devices, surging cases of diabetic foot ulcers, and rising incidences of trauma cases and road accidents.
Products in advanced wound care are specifically designed to treat complex wounds and also need orders from a doctor to be covered in insurance. New and modern wound care products used for advanced wound treatments generally promote moist wound healing. Advanced wound care treatments generally move around the principle of moisture therapy, providing moisture to the wound site to promote natural cell repair also providing the wound some room to breathe.
The technologies of advanced wound care have now come a long way for treating chronic disease-related wounds. Meanwhile, using a patient-specific approach is essential for selecting proper treatments and attaining best possible results. Here, the key goal is closure of wounds, further preventing recurrence of the wound.
The advanced wound care market is segmented in terms of product, application, end-use and regional landscape.
Based on product, the advanced wound care market is categorized into wound therapy devices, wound dressings, and others. Here, wound therapy devices held a market share of more than 35% in 2019 and will continue to witness similar growth in the years to come. This anticipated growth is majorly accredited to wide advantages offered by wound therapy devices fostering the industry growth. Modern wound therapy basically utilizes electrical stimulation, compression, oxygen, negative pressure to heal wounds.
With respect to application, the advanced wound care market is classified into venous legs ulcers, surgical wounds, pressure wounds, skin burns, diabetic wounds, and others. Among these, diabetic wounds segment will experience a respectable CAGR of around 6% over the projected time period. This growth is attributed to surging cases of diabetic foot ulcers accelerating the segmental growth.
In terms of end-use, the overall market is bifurcated into homecare settings, hospitals, and others. Among these, hospitals segment will witness tremendous growth over the coming time period. In 2019, the segment witnessed more than $4.2 billion market value mainly attributable to advanced healthcare infrastructure and treatment facilities available in hospitals.
From a regional frame of reference, in 2019, Latin America advanced wound care market held around 10.5% market share and will continue to showcase similar growth over the coming years. The region is expected to witness a remunerative business trend owing to rising incidences of trauma cases and road accidents in the region.
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