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Advanced Wound Care Market to Grow at a CAGR of 4.5% till 2025 | Key Player Analysis: Smith & Nephew, Acelity L.P., Braun Melsungen AG, Integra Lifesciences Corporation, ConvaTec, 3M, MiMedx, Inc.
The Insight Partners
Advanced Wound Care Market to 2025
The global advanced wound care market is expected to reach US$ 11,564.6 Mn in 2025 from US$ 8,181.9 Mn in 2017. The market is estimated to grow with a CAGR of 4.5% from 2016-2025.
Advanced wound care market is segmented by product into dressings, devices, and bioactives. On the basis of wound type, the market is segmented into surgical, trauma, burns, ulcers, diabetic foot, and others. The market based on the end user is segmented into hospitals & clinics, ambulatory care centers, wound care centers, and others.
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Advanced wound care products for the wound healing process are recommended by clinicians for faster healing of the wounds. They generally include film and hydrogels, foam dressings, alginates and hydrocolloids. Such products are largely focused on keeping the wound hydrated to encourage healing, following the philosophy that a moist microenvironment promotes the natural healing process (human cells require water to live and grow) without occluding the wound. The report would be of an interest to various stakeholders operating in the advanced wound care market. These stakeholders include wound care associations, research & consulting firms, distributors of wound research products, manufacturers of wound care products, equipment, devices, and consumables, research institutes & clinical research organizations (CROs), and venture capitalists.
Companies Influencing the Advanced Wound Care Market
Smith & Nephew
2. Acelity L.P.
3. Braun Melsungen AG
4. Integra Lifesciences Corporation
5. ConvaTec
6. 3M
7. MiMedx, Inc.
8. Mölnlycke Health Care
9. Paul Hartmann AG
10. Cardinal Health, Inc.
The objective of the study is to describe, define, and forecast the advanced wound care market by product, wound type, end user, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key advanced wound care manufacturing companies along with their SWOT analysis and market strategies.
For instance, in October 2017, Integra LifeSciences Launches Integra SurgiMend PRS Meshed Collagen Matrix for breast reconstruction in Europe. The launch of the matrix helped in the faster recovery of the wound treatments. And the launch expanded the geographical presence of the company in European market.
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