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Asia-Pacific Advanced Wound Care Market is Expected to Witness the Highest CAGR During 2018-2024
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The mounting occurrence of lifestyle associated diseases such as diabetes, favorable reimbursement scenario, technological advancement in wound care products, and increasing research and development activities are further fuelling the growth of the market.
The market for advanced wound care is primarily driven by increasing occurrence of the surgical wound and wound ulcers. With the expanding geriatric population, and mounting occurrence of lifestyle associated diseases such as diabetes has resulted in demand of advanced wound care products for the management and treatment, which further decreases the length of stay in the hospital and reduces the cost involved.
Among all products, advanced hold the largest share and is witnessing the highest growth in the advanced wound care market, globally. The advanced segment is further subdivided into foams, films, hydrogels, hydrocolloids, superabsorbent, wound contact layers, alginates, collagen, and hydrofiber.
The different applications of, the advanced wound care market are surgical wounds, diabetic foot ulcers, pressure ulcers, venous ulcer, and burns. Of all these applications, the surgical wound category is predicted to witness the highest CAGR during the forecast period owing to.
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Moreover, Asia-Pacific is observed to witness the fastest growth in the advanced wound care market, owing to escalating government support. Mounting healthcare expenditure, boosting demand for advanced wound care products, expanding the geriatric population, and an upsurge in medical tourism are some of the factors fuelling the growth of the Asia-Pacific advanced wound care market.
Key players in the advanced wound care industry are investing in the development of advanced, which is strengthening their position in the market. Smith & Nephew, 3M Company, Medtronic Plc., Mölnlycke Healthcare (A Part of Investor AB), Coloplast Corporation, Paul Hartmann, Cardinal Health, B. Braun, Mimedx Group, Convatec Group, Integra Lifesciences Holdings Corp., and Acelity L.P. Inc. are some of the key players offering advanced wound care.
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