Advanced Wound Care Market is Expected to reach $12,454 million, Globally by 2022 with key players 3M Company, Smith & Nephew plc, Coloplast A/S, Medtronic plc, Acelity L.P. Inc., ConvaTec Healthcare B.S..r.l., Mlnlycke Health Care AB, BSN Medical GmbH, A

Advanced Wound Care Market (AWC Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $12,454 million by 2022, registering a CAGR of 8.3% during the period 2016-2022.Active wound care is projected to be the dominant segment by 2022. North America is estimated to maintain its lead position throughout the forecast period with around two-fifths share in 2015.

Major factors that boost the market growth include the change in lifestyle conditions that lead to increased diabetic wounds and pressure ulcers, technological advancements, favorable reimbursement scenario in developed economies, and increase in adoption rate of advanced wound care products. Moreover, there is a positive correlation between aged population and frequent occurrences of severe chronic & surgical wounds. High unmet medical needs and rise in preference for products that enhance therapeutic outcome are anticipated to drive the demand for these products. However, high cost of products and unfavorable reimbursement policies in the emerging countries restrict the market growth.

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Geographically, North America occupied a major market share in 2015, and is expected to continue this trend. This was attributed to an increase in the diabetic population, presence of highly sophisticated healthcare infrastructure, and adoption of AWC products. However, Asia-Pacific followed by LAMEA are expected to be the fastest growing regions, due to ample growth opportunities in terms of unmet medical needs for the treatment of wounds.

Key findings of the Advanced Wound Care Market:

• Therapy device was the leading segment in 2015, and is projected to grow at a CAGR of 4.3% during the forecast period.

• The active wound care segment is estimated to grow at a CAGR of 20.6%.

• The chronic wounds application segment is expected to grow at the fastest CAGR of 8.8%.

• Community center segment is projected to grow at a CAGR of 11.1% in the Asia-Pacific region.

• U.S. was the largest country in 2015, and is projected to maintain its lead position until 2022.

• China and Japan are the major shareholders, jointly accounting for almost two-fifths share of the

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Major key players:

• 3M Company
• Smith & Nephew plc
• Coloplast A/S
• Medtronic plc
• Acelity L.P. Inc.
• ConvaTec Healthcare B.S..r.l.
• Mlnlycke Health Care AB
• BSN Medical GmbH
• Alliqua BioMedical Inc
• Integra LifeSciences Holdings Corporation.

Table of content:

Chapter: 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO Perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Winning Strategies
3.2.2 Top Investment Pockets

3.3 Porters Five Forces Analysis

3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of Substitutes
3.3.4 Threat of New Entrants
3.3.5 Intensity of Competitive Rivalry

3.4 Market Share Analysis, 2015
3.5 Market Dynamics

3.5.1 Drivers

3.5.1.1 Rapidly aging population and favorable demographics worldwide
3.5.1.2 Rising incidences of diabetes, obesity, and chronic conditions
3.5.1.3 Technological advancements to deal with complex wounds
3.5.1.4 Increased awareness to reduce healthcare costs

3.5.2 Restraints

3.5.2.1 Reluctance in adoption of NEW technologies
3.5.2.2 Development of substitute products and lack of sufficent evidence

3.5.3 Opportunities

3.5.3.1 Increased focus towards advanced treatment protocols
3.5.3.2 Significant unmet need in wound care

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