Aramid Fiber Market Key Market Players: 3M, Johnson & Johnson, Baxter International, Acelity, Kinetic Concepts, Medtronic plc, Leap Therapeutics

Report Summary

Advanced wound care therapy is used to manage critical wounds such as surgical wounds, burns, complex trauma, and chronic wounds. It is a therapeutic approach used by healthcare experts for positive and effective wound healing process. Complex and Chronic wounds represent a major challenge to global healthcare infrastructure as they are inflexible to heal and thus, expensive to treat. Generally, advanced wound care management treatment uses moisture therapy, providing a wet and moist environment that encourages the natural healing process. The products used in this kind of therapy include hydrogels, film and foam dressings, hydrocolloids, and alginates.

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Increasing prevalence of diabetes and rising geriatric population to propel the advanced wound care management market growth

The global growth of advanced wound care management market is driven by the factors such as the rapid increase in the incidence of chronic diseases, such as diabetes which is generally owing to a change in lifestyle factors and unhealthy as well as inactive individual routine. According to National Center for Biotechnology Information (NCBI), more than 29.1 million people in the U.S. are affected by diabetes. In addition, adults who are aged over 65 years, the percent of the population suffering from diabetes is more than 25%.

High therapy cost to hamper the market growth in emerging economies

However, the high cost of advanced wound care products coupled with low awareness, especially in underdeveloped and lower-income economies, such as Nigeria, Afghanistan, and Bhutan are anticipated to restrain the market growth. wound care management is associated with high costs due to its low adoption rate. This factor is further anticipated to hinder the market growth.

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Key players in global Advanced Wound Care Management Market:
• Johnson & Johnson
• 3M
• Baxter International
• Acelity, Coloplast
• Integra Lifesciences
• Kinetic Concepts
• Medtronic plc
• Smith & Nephew plc
• Leap Therapeutics
• Hematris Wound Care
• Triage Meditech

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