Global Wound Care Products Market to 2024: Availability of New Therapeutic Techniques and Prevention

Global Wound Care Product Market: Overview

According to a new market report published by BlueWeave Consulting, the global Wound Care Product Market was valued over USD 25,817 Million in 2017 and is expected to expand with a CAGR over 6.26 % from 2018 to 2024, reaching USD 40,980 Million by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global wound care product market in 2017. However, Asia-Pacific is the fastest growing market at a CAGR of 7.4%.

Rise in aged population as well as increase of road accidents are substantially driving the global Wound Care product market.

Sample copy of Study Report on Global Wound Care Market Available: https://bit.ly/2FnyA3x

The rise in aged population is expected to increase the need for wound care products as they have low wound healing capacity. This factor is expected to have a positive impact on the growth of the market in the long-term globally. The increase in volume of surgeries is expected to have major impact in long-term as wound care products are used in almost every types of surgical process. This leads to their effective impact in the long term basis. In addition to that, increase in road accidents is expected to have high impact in the long term as injuries require proper treatment to prevent worsening of wounds.

Furthermore, rise in number of burn cases is expected to maintain high impact in the long term because of the ability of wound care products to help in early wound recovery and high comfort levels. The growing incidence of chronic wounds is expected to have high impact in long-term as the wound care products help in achieving wound healing in lesser time.
The key drivers for the global wound care product market are factors like growing aged population, growing volume of surgeries, and increase in road accidents. In addition to that, increase in burn cases across the globe and growing incidence of chronic wounds is also driving the growth of the market globally.

Global Wound Care Product Market: Scope of the Report
The global wound care product market is segmented on the basis of type of product, type of wound, type of application, based on end user and also geographically. On the basis of type of product, the market is segmented into advanced wound care products, wound closure products and traditional wound care products. In 2017, the advanced wound care segment accounted for the largest market share, in terms of revenue of the global wound care product market. Furthermore, demand for advanced wound care product is expected to increase during the forecast period. On the basis of type of wound, the global wound care product market is further bisected into acute wound & chronic wound. Based on the application, the market is categorized into surgical wound, ulcer and burn. Based on end user type, the market is further segmented into Inpatient & Outpatient facilities.

Geographically, the global wound care product market is bifurcated into North America, Asia Pacific, Europe and Rest of the world The U.S. was the largest country for global wound care market which holds over 34.1% share in 2017 and is expected to continue being the largest market during the forecast period. Presence of many end users including patients, hospitals, clinics, and medical stores supports the growth of the global wound care market in the country. However, presence of several emerging economies such as China, India, and South Korea are expected to drive the Asia Pacific market.

Global Wound Care Product Market: Competitive Dynamics

Major industry players in skincare product market are adopting different expansion & innovation strategies to remain sustain themselves in the highly competitive market. For instance, In November 2016, Coloplast acquired a privately held company, Comfort Medical, for USD160 million. Comfort Medical is a U.S. dealer of catheters and ostomy supplies. The acquisition has been made to expand Coloplast’s product portfolio across the U.S. market. Likewise In July 2016, Acelity L.P. Inc. announced the availability of BIOSORB Gelling Fibre Dressing in the U.S. The dressing is used for a variety of wounds including exuding surgical wounds that exude fluid, traumatic wounds, partial thickness burns and oncology wounds.

Get Complete Table of Content Having Unique Analysis on Several Factors: https://bit.ly/2DddN17

Market Segmentation: Global wound care Product Market

By type of product

Advanced Wound Care Products
Advanced wound dressing
Foam dressing
Hydrocolloid dressing
Film dressing
Hydrogel dressing
Collagen dressing
Others
Wound therapy device
NPWT
Oxygen and hyperbaric oxygen equipment
Electrical stimulation device
Others
Active wound care product
Artificial skin and skin substitute
Topical agent
Wound Closure Products
Suture
Hemostat
Surgical staple
Adhesives and tissue Sealants
Wound closure strip
Traditional Wound Care Products
Bandage
Gauze
Sponge
Abdominal pad
Others

By type of wound
Chronic wound
Acute wound

By application
Surgical wound
Ulcer

Burn
By end user
Inpatient facilities
Outpatient facilities

By geography
North America – The U.S., and Rest of North America
Europe – The U.K., Germany, France, and Rest of Europe
Asia-Pacific – Japan, China, India, and Rest of Asia-Pacific
Rest of the World (RoW) – Brazil, and Rest of Rest of the World

Get Full Study Report on Global Wound Care Market: https://bit.ly/2SUnG9e

About Us
BlueWeave Consulting is a one-stop solution for market intelligences regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.

Contact Us:

Email: info@blueweaveconsulting.com

Website: www.blueweaveconsulting.com

Phone: +1 8666586826

This release was published on openPR.