Revenue from the Sales of Advanced Wound Care and Closure Market to Increase Exponentially During 2020

Chronic wounds are hard to heal, which take substantial time to heal and are expensive to treat. Advanced wound care and closure products are increasingly gaining popularity as standard solutions for treating chronic wounds.

Advanced Wound Care and Closure Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $20.5 billion by 2020, registering a CAGR of 8.0% during the period 2014-2020.

Attempts to reduce the duration of hospital stays in order to limit surgical healthcare costs, and the rising inclination towards products that enhance therapeutic outcomes are driving the demand for advanced wound care & closure products. The risks associated with ineffective wound healing promote the demand for combination dressings, which is a modern trend in the market that is replacing traditional wound dressing methods further supplementing the advanced wound care and closure market growth.

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Smith and Nephew, Kinetic Concepts, 3M, BSN medical, Covidien, ConvaTech, Derma Sciences, Integra LifeSciences, Baxter International and Coloplast are some of the major players in the global advanced wound care and closure market.

The global advanced wound care and closure market has been segmented based on type, application, end users and geography. Based on type, the global market is segmented into advanced wound closure market and advanced wound care market. According to applications, the market is segmented into Burns, Ulcers and Surgical Wounds. Based on end users, the market is segmented into hospitals & community healthcare services and home healthcare. Geographically, the market is segmented into four regions, namely North America, Europe, Asia-Pacific and LAMEA.

ADVANCED WOUND CARE AND CLOSURE MARKET KEY BENEFITS

• An in-depth analysis of the current advanced wound care, and wound closure market scenario is strategically dealt to provide future market trends that would facilitate decision making
• Quantitative analysis of the current market trends and estimations through 2013-2020 would help strategists to design business strategies to capitalize on the prevailing opportunities in the market
• Analysis of the market factors in various regions would bestow a deeper understanding of demographical dynamics that would influence expansion decisions.
• Identification of key application segments based on their potential and growth prospects would throw light on the most profitable segments to capitalize on
• Analysis of key strategies adopted by market players will assist in understanding the inherent business rivalry and intensity of competition prevailing among the top brands
• Emphasis is laid on key factors affecting the growth of the global advanced wound closure and advanced wound care market. These factors are critically analyzed to gain a futuristic view of the market
• SWOT and competitive analysis of key players is conducted to help stakeholders to understand the inherent trends followed by their competitors and make the necessary amendments to the existing expansion plans.

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