Advanced Wound Care Market is Expected to Reach 15 billion and Projected to Grow at a High Single Digit Growth Rate from 2017 to 2025

Industry Trend Analysis
The global advanced wound care (AWC) market is expected to be around 15 billion by 2025. This can be primarily attributed to number of factors such as growing incidence of chronic diseases such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers, ongoing technological innovations in AWC products, and rise in demand for faster wound healing and recovery, and the reduction in healthcare cost with a significant decrease in the average length of hospital stay. Moreover, the rapidly aging population which is more prone to chronic diseases will further increase the demand for AWC products. Additionally, availability of reimbursement for chronic procedures is set to drive the growth of the market during the forecast period. However, low awareness about the benefits and availability of AWC products and the cost of these products will hinder the market growth in developing and under developed countries.

Product Outlook and Trend Analysis
On the basis of product, the therapy devices segment accounted for the major share of the global AWC market in 2016. Further, it is projected to dominate the global market during the forecast period. This large share can be primarily attributed to the capability of therapy devices to enhance the wound healing and recovery process with the adoption of vacuum dressings. Negative pressure wound therapy (NPWT) devices segment is projected to bring in new growth opportunities for the key players in the market. This modality is gaining popularity in the treatment of both chronic and acute wounds. The active wound care market is projected to be the fastest-growing segment during the forecast period. This segment is poised to grow at a double digit growth rate from 2017 to 2025.

Get Sample Copy of This Report@ https://www.qurateresearch.com/report/sample/HnM/QBI-CMR-HnM-54990

Application Outlook and Trend Analysis
The chronic wound segment is expected to grow at a significant CAGR during the forecast period. This market is projected to grow at a high single digit growth rate from 2017 to 2025. This can be attributed to the growing demand for AWC products for the faster wound healing and recovery, as chronic wounds require considerable time to heal which increases the cost of treatment.

Regional Outlook and Trend Analysis
North America accounted for a majority share of the global AWC market in 2016 owing to the rise in incidence of chronic wounds, presence of advanced healthcare infrastructure, and high adoption rate of technologically advanced AWC products in the region. The Asia-Pacific AWC market is projected to exhibit significant growth during the forecast period due to huge patient population, increasing healthcare expenditure in countries such as China and India along with increased awareness related to the benefits of AWC products.

Competitive Insights
Some of the key players operating in the global AWC market are Medtronic plc, Medline Industries, Inc., BSN medical, Integra LifeSciences Corporation, PAUL HARTMANN Limited, Covalon Technologies Ltd., ConvaTec, Inc., Coloplast A/S, Smith & Nephew plc, Mölnlycke Health Care AB, DeRoyal Industries, Inc., Cardinal Health, Acelity L.P., Inc., and Organogenesis Inc.
The key players in AWC industry focus on product development to outperform their competitors in the market. For instance, in September 2016, Coloplast Corp launched a new series of silicone wound dressings to expand Biatain Silicone portfolio. These dressings are of different shapes to fit a heel, the back of the shoulder or the neck, the hollow of the knee; places where dressings cannot be applied properly. Likewise, in March 2017, Acelity L.P., Inc. launched the V.A.C. Veraflo Cleanse Choice dressing that provides clinicians with a non-surgical option which can help clean complex wounds in cases where complete surgical debridement is not possible.

Enquiry about Report@ https://www.qurateresearch.com/report/enquiry/HnM/QBI-CMR-HnM-54990

Advanced Wound Care Market Segmentation:
By Product:
Dressings
Collagens
Silver Wound Dressings
Non-Silver Dressings
Hydrocolloids
Alginates
Foam Dressings
Hydrogels

Therapy Devices
Oxygen and Hyperbaric Oxygen Equipment
Electromagnetic Therapy Devices
Negative Pressure Wound Therapy
Ultrasound Devices
Others (Electric Stimulation Devices, Pressure Relief Devices, Ultraviolet Devices, Whirlpool Therapy Devices)
Active Wound Care
Growth Factors
Skin Substitutes

By Application:
Chronic Wound Care
Venous Leg Ulcers
Pressure Ulcers
Diabetic Foot Ulcers
Arterial Ulcers
Acute Wound Care
Surgical Wounds
Burns & Trauma

Buy This Report@ https://www.qurateresearch.com/report/buy/HnM/QBI-CMR-HnM-54990/

About Us:
Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.

Runwal Platinum,
Ramnagar Colony, Bavdhan,
Pune, Maharashtra, India-411021
https://www.qurateresearch.com/
IN +919881074592
info@qurateresearch.com

This release was published on openPR.