|05-16-2019 09:01 AM CET - Health & Medicine||
Advanced Wound Care Market Growth Boosting Strategies by Most Eminent Players as Smith & Nephew, Acelity L.P., Braun Melsungen AG, Integra Lifesciences Corporation, ConvaTec, 3M
Press release from: The Insight Partners
The global advanced wound care market accounted to US$ 8,181.9 Mn in 2017 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2025, to account to US$ 11,564.6 Mn by 2025.
The report highlights the trends prevalent in the global advanced wound care market and the factors driving the market along with those that act as restraints to its growth. The global advanced wound care market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years.
Technological advancement in advanced wound care products is one of the major factor to propel the demand of advanced wound care. However, lack of reimbursement is expected to hinder the market growth.
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Leading Industry Players
The major players operating in the market of Advanced Wound Care market include Microport Scientific Corporation, Medtronic PLC, Biosensors International Group, Ltd., Abbott Laboratories, Vascular Concepts Limited, Biotronik SE & Co. Kg, Stentys SA, B. Braun Melsungen AG, Translumina GmbH, and Terumo Corporation.
The market for Advanced Wound Care has been witnessing a healthy growth rate during the previous years and is expected to witness similar trend in the coming years. The Advanced Wound Care market is subject to strict and mandated regulatory policies. The companies operating in the market follow stringent regulations of the manufacturing guidelines.
In addition, these manufacturing companies are focusing to invest in R&D to develop advanced products for end users such as, hospitals, ambulatory surgical centers, and the cardiac centers, among others.
Global advanced wound care market, based on the product was segmented into dressings, advanced wound devices, and advanced wound bioactive. This segment is also expected to dominate due to the increased demand for dressings and it is also expected to grow at the fastest rate during the coming years since the dressings provide better healing properties.
Advanced wound care treatments revolve around the principle of moisture therapy, which provides moisture to the wound site to encourage natural cell repair while giving the wound room to breathe.
Global advanced wound care market, based on the wound type was segmented into ulcers, burns, trauma, surgical, and diabetic foot. In addition, the surgical wound is also expected to grow at the fastest rate during the coming years owing to factors such as, rising number of surgical procedures, and increasing wounds due to the surgical procedures.
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Asia Pacific (APAC)
Middle East & Africa (MEA)
South & Central America (SCAM)
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This release was published on openPR.
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